The economy of Peru grew 2.28 percent year-on-year in May of 2022, easing from the 3.69 percent expansion in the previous month. Output fell for the heavyweight mining sector (-6.62 percent), financial services and insurance (-6.11 percent), and fishing (-16.6 percent). On the other hand, expansion was recorded in transportation and storage (12.6 percent) and hotels and restaurants (42.4 percent), as pandemic restrictions were relaxed. Considering the first five months of the year, the economy expanded 3.48 percent when compared to the corresponding period of the prior year. source: Instituto Nacional de Estadística e Informática (INEI)

Monthly GDP YoY in Peru averaged 4.01 percent from 2008 until 2022, 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 August 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
2.28 3.69 58.49 -39.19 2008 - 2022 percent Monthly
Constant prices, NSA

News Stream
Peru Economic Growth Slows Further
The economy of Peru grew 2.28 percent year-on-year in May of 2022, easing from the 3.69 percent expansion in the previous month. Output fell for the heavyweight mining sector (-6.62 percent), financial services and insurance (-6.11 percent), and fishing (-16.6 percent). On the other hand, expansion was recorded in transportation and storage (12.6 percent) and hotels and restaurants (42.4 percent), as pandemic restrictions were relaxed. Considering the first five months of the year, the economy expanded 3.48 percent when compared to the corresponding period of the prior year.
2022-07-15
Peru Economic Growth Slows for 2nd Month
The economy of Peru grew 3.69% year-on-year in April of 2022, following a 3.79% expansion in the previous month. It marks the second consecutive month of slowing growth in part due to a contraction in the key mining sector (-0.77%) on the back of closures and protests at two major mines. At the same time, declines observed in the fishing (-37.47%) and financial services (-7.95%) sectors weighed on growth. By contrast, the main increases were recorded in hotels & restaurants (+48.48%), transportation, storage and communications (+17.59%), construction (+4.90%) and agriculture (+4.76%),
2022-06-15
Peru March Economic Growth Slows to 3.79%
The economy of Peru grew 3.79% year-on-year in March of 2022, easing from 4.92% expansion in the previous month, which was the strongest growth in five months. Increases were seen in the output for agriculture (2.93%); manufacturing (4.67%); and utilities (2.67%, namely electricity (2.69%) and gas distribution (6.13%). In contrast, fisheries plunged 25.10%, mainly due to lower capture of maritime species while the mining sector dropped by 1.21%. Considering the first quarter of the year, the economy advanced 3.84%.
2022-05-16