The Gross Domestic Product (GDP) in Peru expanded 0.60 percent in the third quarter of 2019 over the previous quarter. GDP Growth Rate in Peru averaged 1.24 percent from 2002 until 2019, reaching an all time high of 3.90 percent in the third quarter of 2007 and a record low of -1.40 percent in the first quarter of 2019.

GDP Growth Rate in Peru is expected to be 1.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Peru to stand at 1.20 in 12 months time. In the long-term, the Peru GDP Growth Rate is projected to trend around 2.30 percent in 2020, according to our econometric models.

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Peru GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.60 1.30 3.90 -1.40 2002 - 2019 percent Quarterly
2007=100


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.

Peru GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.60 1.30 3.90 -1.40 percent [+]
GDP Annual Growth Rate 3.00 1.20 21.05 -20.94 percent [+]
GDP 222.24 210.70 222.24 2.57 USD Billion [+]
GDP Constant Prices 137844.72 137336.41 141212.41 33934.51 PEN Million [+]
Gross Fixed Capital Formation 31733.78 30731.63 36668.73 4495.97 PEN Million [+]
GDP per capita 6453.92 6314.67 6453.92 2589.34 USD [+]
GDP per capita PPP 12794.21 12518.16 12794.21 5133.10 USD [+]
GDP From Agriculture 6667.00 9740.00 9740.00 4097.00 PEN Million [+]
GDP From Construction 7913.00 8038.00 9467.00 3533.00 PEN Million [+]
GDP From Manufacturing 17264.00 17864.00 19138.00 12009.00 PEN Million [+]
GDP From Mining 16866.00 16335.00 17468.00 10658.00 PEN Million [+]
GDP From Public Administration 7329.00 6650.00 7656.00 3225.00 PEN Million [+]
GDP From Services 14535.00 14193.00 15019.00 7351.00 PEN Million [+]
GDP From Transport 7537.00 7716.00 7716.00 3870.00 PEN Million [+]
GDP From Utilities 2517.00 2558.00 2572.00 1349.00 PEN Million [+]