Peru’s economy advanced 3.8 percent year-on year in the first quarter of 2022, picking up from the 3.2 percent expansion in the previous period as the economy continued to recover from the recession brought by the pandemic. The main contributors to GDP growth were transportation and storage (12.4 percent vs 17.9 percent in Q4), hotels and restaurants (49.4 percent vs 43.3 percent), agriculture (3.7 percent vs 3.8 percent), and commerce (5.9 percent vs 18 percent). On the other hand, output fell for construction (-0.5 percent vs 35.5 percent) and financial services (-5.3 percent vs 6.1 percent). On a seasonally adjusted quarterly basis, the GDP rose by 0.9 percent, after remaining constant during the fourth quarter. source: Instituto Nacional de Estadística e Informática (INEI)
GDP Annual Growth Rate in Peru averaged 3.37 percent from 1980 until 2022, reaching an all time high of 41.90 percent in the second quarter of 2021 and a record low of -29.60 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 June of 2022.
GDP Annual Growth Rate in Peru is expected to be 3.70 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 3.00 percent in 2023 and 2.50 percent in 2024, according to our econometric models.