Peru’s economy advanced 11.4 percent year-on-year in the third quarter of 2021, easing from the series record of 41.9 percent in the previous period as low base effects from the pandemic begin to fade. Still, the economy noticed an increase in activity and demand, as it continued to recover from the recession brought by the pandemic. The main contributors to the GDP growth were commerce (10 percent vs 85.6 percent in Q2), manufacturing (8.4 percent vs 61 percent), construction (23.2 percent vs 230.5 percent), transportation and storage (31.6 percent vs 83.8 percent), and restaurants and hotels (99.4 percent vs 422.8 percent). On the other hand, output fell for fishing and agriculture (-37.9 percent vs 21.1 percent). On a seasonally adjusted quarterly basis, the GDP grew 2.8 percent, following an upwardly revised 0.1 percent contraction in the previous quarter. source: Instituto Nacional de Estadística e Informática (INEI)

GDP Annual Growth Rate in Peru averaged 3.36 percent from 1980 until 2021, reaching an all time high of 41.90 percent in the second quarter of 2021 and a record low of -29.80 percent in the second quarter of 2020. This page provides - Peru GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Peru GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.

GDP Annual Growth Rate in Peru is expected to be 4.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Peru GDP Annual Growth Rate is projected to trend around 5.40 percent in 2022 and 4.20 percent in 2023, according to our econometric models.

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Peru GDP Annual Growth Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-08-24 12:00 AM Q2 41.9% 4.5% 25%
2021-11-22 05:00 PM Q3 11.4% 41.9% 10.5%
2022-02-23 02:00 PM Q4


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

News Stream
Peru Economy Expands 11.4% in Q3
Peru’s economy advanced 11.4 percent year-on-year in the third quarter of 2021, easing from the series record of 41.9 percent in the previous period as low base effects from the pandemic begin to fade. Still, there was an increase in activity and demand, as the economy continued to recover from the recession brought by the pandemic. The main contributors to the GDP growth were commerce (10 percent vs 85.6 percent in Q2), manufacturing (8.4 percent vs 61 percent), construction (23.2 percent vs 230.5 percent), transportation and storage (31.6 percent vs 83.8 percent), and restaurants and hotels (99.4 percent vs 422.8 percent). On the other hand, output fell for fishing and agriculture (-37.9 percent vs 21.1 percent). On a seasonally adjusted quarterly basis, the GDP grew 2.8 percent, following an upwardly revised 0.1 percent contraction in the previous quarter.
2021-11-22
Peru Q2 GDP Annual Growth Hits Record High
Peru's economy advanced 41.9 % year-on-year in the second quarter of 2021, strongly picking up from an upwardly revised 4.5% expansion in the previous period. It was the strongest growth in the GDP since the series began in 1980, amid gradual softening restriction and higher economic activity, and a low base effect last year. The main contributor to the GDP came from significant fast-paced increases in manufacturing (61.0 percent vs 17.1 percent in Q1), construction (231.9 percent vs 42.0 percent) and oil, gas and minerals extraction (25.2 percent vs 2.7 percent). In addition, output rebounded sharply in transport & storage (83.8 percent vs -14.2 percent), accommodation & food services (423.0 percent vs -32.7 percent) and business services (62.6 percent vs -5.5 percent). On a seasonally adjusted quarterly basis, the GDP stalled, after an upwardly revised 0.6 percent growth in the previous period.
2021-08-24
Peru Economy Rebounds in Q1
Peru's economy expanded 3.8% year-on-year in the first quarter of 2021, following a 1.7% decline in the previous period. It was the first expansion in a year boosted by public measures to help companies and households but a new surge in COVID-19 cases during the spring is threatening a smooth and robust recovery. Main upward pressure came from significant fast-paced increases in manufacturing (16.1 percent vs 1.0 percent in Q4) and construction (41.9 percent vs 19.0 percent). In addition, output fell less in oil, gas and minerals extraction (-0.1 percent vs -3.8 percent), transport & storage (-14.6 percent vs -21.5 percent), accommodation & food services (-30.6 percent vs -37.8 percent) and business services (-5.2 percent vs -11.6 percent). On a seasonally adjusted quarterly basis, the GDP stalled, following a downwardly revised 7.5 percent rise in the previous period.
2021-05-21

Peru GDP Annual Growth Rate
Peru is one of the fastest growing economies in Latin America. The services sector is the most important and accounts for 60 percent of GDP. The biggest segments within services are: wholesale and retail trade (17 percent of total GDP); other services (11 percent); transport and communications (10 percent); services provided to companies (8 percent) and government services (6 percent). Manufacturing creates 16 percent of the wealth and construction and water, gas and electricity distribution 10 percent. The agriculture and fishing sector fuels 9 percent of the GDP and the mining sector accounts for the remaining 5 percent.