The Gross Domestic Product (GDP) in Peru expanded 2.80 percent in the third quarter of 2021 over the previous quarter. source: Instituto Nacional de Estadística e Informática (INEI)

GDP Growth Rate in Peru averaged 1.25 percent from 2002 until 2021, reaching an all time high of 32.40 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 - values, historical data and charts - was last updated on December of 2021.

GDP Growth Rate in Peru is expected to be 2.30 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 2.60 percent in 2022 and 1.60 percent in 2023, according to our econometric models.

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Peru GDP Growth Rate

Related Last Previous Unit Reference
GDP Growth Rate 2.80 0.00 percent Sep/21
GDP Annual Growth Rate 11.40 41.90 percent Sep/21
GDP From Agriculture 7137.00 9798.00 PEN Million Sep/21
GDP From Utilities 2599.00 2606.00 PEN Million Jun/21
GDP From Transport 6785.00 6329.00 PEN Million Jun/21
GDP From Services 14068.00 12071.00 PEN Million Jun/21
GDP From Public Administration 7138.00 7054.00 PEN Million Jun/21
GDP From Mining 14885.00 14914.00 PEN Million Jun/21
GDP From Manufacturing 18458.00 16905.00 PEN Million Jun/21
GDP From Construction 9521.00 8926.00 PEN Million Jun/21
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.