The Peruvian economy expanded 3.47% year-on-year in November of 2021, the lowest since the economic recovery started in March 2021. source: Instituto Nacional de Estadística e Informática (INEI)

Monthly GDP YoY in Peru averaged 4.29 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 January of 2022.

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Peru Monthly GDP YoY

Peru Monthly GDP YoY
In Peru, Monthly GDP YoY measures the change in the value of the goods and services produced by the country economy compared to the corresponding month in the previous year.
Actual Previous Highest Lowest Dates Unit Frequency
3.47 4.55 58.49 -39.19 2008 - 2021 percent Monthly
Constant prices, NSA

Calendar GMT Actual Previous Consensus TEForecast
2021-12-15 03:15 PM Oct 4.55% 9.71% 5.8% 7%
2022-01-15 05:30 PM Nov 3.47% 4.55% 4.2%
2022-02-15 03:30 PM Dec 3.47%

News Stream
Peru October Economic Growth Misses Forecasts
Peru’s economic output expanded 4.6 percent year-on-year in October of 2021, easing from a 9.7 percent jump in September and missing market forecasts of a 5.8 percent advance. Growth has been losing momentum for the sixth consecutive month amid fading base year effects from last year’s pandemic-induced shortfall. In October, the economic sectors that most contributed to the overall growth were hospitality & food services (62.1 percent); trade (5.1 percent); transportation & storage (13.3 percent); telecommunications (8.0 percent); agriculture (5.2 percent); corporate services (); mining & petroleum (1.4 percent); and manufacturing (0.9 percent). Conversely, growth was negative in construction (-3.1 percent); financial services (-6.9 percent); and fisheries (-33.2 percent).
Peru Economic Activity Slows for 5th Month
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.
Peru Economic Activity Growth Eases Further in August
Peru’s economy grew 11.8 percent year-on-year in August of 2021, easing from a 12.9 percent expansion in July. It was the fourth consecutive month that the economic growth slowed, as the low-base effects of last year's Covid pandemic began to fade. The expansion was driven by accommodation & restaurants (96.5 percent), transportation (32.8 percent), construction (25.5 percent), manufacturing (11.5 percent), other services (11.1 percent), and commerce (9.9 percent). On the other hand, fishing dropped 29.9 percent. Year to date, Peru’s economy grew by 18.6 percent.