Peru's economy advanced 2.3 percent year-on-year in the first quarter of 2019, easing from a 4.8 percent expansion in the previous period. It was the weakest growth rate since the first quarter of 2017, as output shrank in manufacturing (-0.9 percent vs 11.4 percent in Q4) and fishing (-20.3 percent vs 150.7 percent). Also, growth slowed in construction (1.8 percent vs 7.9 percent); utilities (5.9 percent vs 6.3 percent); trade (2.4 percent vs 2.5 percent); transport & storage (2.4 percent vs 3.7 percent); hotels & restaurants (3.6 percent vs 4.3 percent); financial services (4.8 percent vs 4.9 percent) and public administration (4.7 percent vs 4.9 percent). On the expenditure side, private consumption (3.2 percent vs 3.8 percent); government spending (2 percent vs 3.3 percent) and investment (1.4 percent vs 5.3 percent) eased. Additionally, net trade contributed negatively to the GDP, as exports fell 0.7 percent (vs 2.2 percent) and imports rose 1.2 percent (vs 0.9 percent). GDP Annual Growth Rate in Peru averaged 3.45 percent from 1980 until 2019, reaching an all time high of 21.05 percent in the fourth quarter of 1986 and a record low of -20.94 percent in the first quarter of 1989.

GDP Annual Growth Rate in Peru is expected to be 4.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Peru to stand at 3.90 in 12 months time. In the long-term, the Peru GDP Annual Growth Rate is projected to trend around 3.70 percent in 2020, according to our econometric models.

Peru GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-22 10:25 PM GDP Growth Rate YoY 5.4% 3.1% 4.8%
2018-11-21 10:00 PM GDP Growth Rate YoY 2.3% 5.5% 4.4%
2019-02-21 04:00 PM GDP Growth Rate YoY 4.8% 2.4% 3.9%
2019-05-27 02:30 PM GDP Growth Rate YoY 2.3% 4.8% 2.4%
2019-08-22 10:25 PM GDP Growth Rate YoY 2.3% 4.2%
2019-11-21 10:00 PM GDP Growth Rate YoY 4.6%


Peru GDP Last Previous Highest Lowest Unit
GDP Growth Rate -1.20 2.10 3.90 -1.20 percent [+]
GDP Annual Growth Rate 2.30 4.80 21.05 -20.94 percent [+]
GDP 222.24 210.70 222.24 2.57 USD Billion [+]
GDP Constant Prices 127354.16 141200.84 141200.84 33934.51 PEN Million [+]
Gross Fixed Capital Formation 26948.84 35763.87 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 6360.00 6428.00 9458.00 4097.00 PEN Million [+]
GDP From Construction 7136.00 9460.00 9460.00 3533.00 PEN Million [+]
GDP From Manufacturing 16066.00 18916.00 19154.00 12009.00 PEN Million [+]
GDP From Mining 15833.00 17091.00 17438.00 10658.00 PEN Million [+]
GDP From Public Administration 6495.00 7644.00 7644.00 3225.00 PEN Million [+]
GDP From Services 12889.00 15081.00 15081.00 7351.00 PEN Million [+]
GDP From Transport 7683.00 7480.00 7683.00 3870.00 PEN Million [+]
GDP From Utilities 2570.00 2532.00 2570.00 1349.00 PEN Million [+]


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. This page provides - Peru GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Peru GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.30 4.80 21.05 -20.94 1980 - 2019 percent Quarterly
2007=100




Country Last Previous
China 6.20 Jun/19
India 5.80 Mar/19
Indonesia 5.07 Mar/19
United States 3.20 Mar/19
Spain 2.40 Mar/19
Australia 1.80 Mar/19
United Kingdom 1.80 Mar/19
Netherlands 1.70 Mar/19
Saudi Arabia 1.70 Mar/19
South Korea 1.70 Mar/19
Switzerland 1.70 Mar/19
Canada 1.30 Mar/19
Euro Area 1.20 Mar/19
France 1.20 Mar/19
Mexico 1.20 Mar/19
Japan 0.90 Mar/19
Germany 0.70 Mar/19
Brazil 0.50 Mar/19
Russia 0.50 Mar/19
Singapore 0.10 Jun/19
South Africa 0.00 Mar/19
Italy -0.10 Mar/19
Turkey -2.60 Mar/19
Argentina -5.80 Mar/19


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