Peru’s economy grew by 9.7 percent year-on-year in September of 2021, easing from an 11.8 percent expansion in August and missing market forecasts of 10.2% rise. It was the fifth consecutive month that the economic growth slowed, largely due to fading low-base effects from the pandemic last year. Output rose at a slower pace for manufacturing (7% vs 11.5% in August); accommodation & restaurants (85.1% vs 96.5%); construction (12.6% vs 25.5%) and trade (7.4% vs 9.9 percent). In addition, fishing activity fell further (-39.2% vs -29.9%). Conversely, faster growth was recorded in mining (11.1% vs 3.1%); telecommunications (7.6% vs 6.5%) and agriculture (11.5% vs 6%), boosted by wheat (55.5%), avocado (46.1%), oil palm (38.0%), artichoke (36.9%), hard yellow corn (29.4%), asparagus (20.2%) and paddy rice (4.4%), that benefited from larger production area in some regions of the country and favourable weather conditions. source: Instituto Nacional de Estadística e Informática (INEI)
Monthly GDP YoY in Peru averaged 4.34 percent from 2008 until 2021, reaching an all time high of 58.49 percent in April of 2021 and a record low of -39.19 percent in April of 2020. This page includes a chart with historical data for Peru Monthly GDP YoY. Peru Monthly GDP YoY - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.