The Gross Domestic Product (GDP) in Peru expanded 0.90 percent in the first quarter of 2022 over the previous quarter. source: Instituto Nacional de Estadística e Informática (INEI)

GDP Growth Rate in Peru averaged 1.23 percent from 2002 until 2022, reaching an all time high of 31.90 percent in the third quarter of 2020 and a record low of -26.60 percent in the second quarter of 2020. This page provides the latest reported value for - Peru GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Peru GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on August of 2022.

GDP Growth Rate in Peru is expected to be 0.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Peru GDP Growth Rate is projected to trend around 1.50 percent in 2023, according to our econometric models.

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Peru GDP Growth Rate

Related Last Previous Unit Reference
GDP Growth Rate 0.90 0.00 percent Mar 2022
GDP Annual Growth Rate 3.80 3.20 percent Mar 2022
Full Year GDP Growth 13.30 -11.02 percent Dec 2021
GDP From Utilities 3968.00 3454.00 PEN Million Dec 2021
GDP From Transport 6885.00 6879.00 PEN Million Dec 2021
GDP From Services 16046.00 15035.00 PEN Million Dec 2021
GDP From Public Administration 8540.00 7724.00 PEN Million Dec 2021
GDP From Mining 16139.00 15749.00 PEN Million Dec 2021
GDP From Manufacturing 19035.00 17352.00 PEN Million Dec 2021
GDP From Construction 10071.00 9165.00 PEN Million Dec 2021
GDP From Agriculture 7222.00 7193.00 PEN Million Dec 2021

Peru GDP Growth Rate
Peru is one of the fastest growing economies in Latin America. From 2002 to 2012, the country has been growing at an average rate of 1.5 percent on a quarter over quarter basis due to a rise in exports of commodities. As a result, the national poverty rate fell from 48.5 percent in 2004 to 27.8 percent in 2011, yet inequality remains high. In order to keep the current pace of growth, Peru needs to diversify the economy, improve the infrastructure and provide more funds for the development of non-coastal areas. Peru is the world's third-largest producer of copper, zinc and silver.
Actual Previous Highest Lowest Dates Unit Frequency
0.90 0.00 31.90 -26.60 2002 - 2022 percent Quarterly