The economy of Peru rose 0.51 percent year-on-year in December of 2020, after shrinking 2.81 percent in November and better than market expectations of a 1.4 percent fall. It marks the first increase in economic activity after nine consecutive months of contraction. Growth was mainly supported by construction (23.07 percent vs 17.25 percent in November); finance & insurance (23.22 percent vs 22.40 percent); telecommunications (12.92 percent vs 11.98 percent); fisheries (108.54 percent vs -0.68 percent) and manufacturing (9.21 percent vs -4.19 percent). Considering the full year of 2020, the economic activity plunged 11.1 percent amid the pandemic crisis, the biggest decline in three decades. source: Instituto Nacional de Estadística e Informática (INEI)
Leading Economic Index in Peru averaged 3.41 percent from 2008 until 2020, reaching an all time high of 14.08 percent in April of 2008 and a record low of -39.19 percent in April of 2020. This page provides the latest reported value for - Peru GDP YoY - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Peru GDP YoY - data, historical chart, forecasts and calendar of releases - was last updated on March of 2021.
Leading Economic Index in Peru is expected to be -1.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Leading Economic Index in Peru to stand at 3.20 in 12 months time. In the long-term, the Peru GDP YoY is projected to trend around 3.70 percent in 2022, according to our econometric models.