The economy of Peru shrank 32.75 percent year-on-year in May 2020, following a record 40.49 percent contraction in the previous month and compared with market forecasts of a 30.25 percent slump. It was the second sharpest contraction in economic activity on record, amid the coronavirus crisis. Output continued to shrink in trade (-49.76 percent vs -65.41 percent in April); manufacturing (-41.51 percent vs -54.91 percent); construction (-66.43 percent vs -89.72 percent); mining (-45.79 percent vs -42.29 percent); transport & storage (-56.4 percent vs -69.11 percent); restaurants & lodging (-90.58 percent vs -94.55 percent); business services (-40.84 percent vs -61.75 percent); utilities (-21.68 percent vs -25.58 percent); fisheries (-46.99 percent vs -57.82 percent) and telecommunications (-0.31 percent vs -1.62 percent). Meanwhile, growth was recorded in agriculture & livestock (1.55 percent vs 0.57 percent); and finance & insurance (7.98 percent vs 4.60 percent).

Leading Economic Index in Peru averaged 4.14 percent from 2008 until 2020, reaching an all time high of 14.08 percent in April of 2008 and a record low of -40.49 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 August of 2020. source: Instituto Nacional de Estadística e Informática (INEI)

Leading Economic Index in Peru is expected to be -6.00 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 7.50 in 12 months time. In the long-term, the Peru GDP YoY is projected to trend around 3.20 percent in 2021 and 3.70 percent in 2022, according to our econometric models.

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Peru GDP YoY

Actual Previous Highest Lowest Dates Unit Frequency
-32.75 -40.49 14.08 -40.49 2008 - 2020 percent Monthly
Constant prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-04-15 05:50 AM Feb 3.83% 2.98% 2.4%
2020-05-15 04:00 PM Mar -16.26% 3.83% -1.2%
2020-06-15 04:00 PM Apr -40.49% -16.26% -34% -30%
2020-07-15 03:30 PM May -32.75% -40.49% -30.25% -30%
2020-08-14 06:00 AM Jun -32.75% -23%
2020-09-16 03:00 PM Jul
2020-10-15 06:00 AM Aug
2020-11-16 02:00 PM Sep -6%


News Stream
Peru Economic Activity Shrinks at Second Fastest Pace on Record
The economy of Peru shrank 32.75 percent year-on-year in May 2020, following a record 40.49 percent contraction in the previous month and compared with market forecasts of a 30.25 percent slump. It was the second sharpest contraction in economic activity on record, amid the coronavirus crisis. Output continued to shrink in trade (-49.76 percent vs -65.41 percent in April); manufacturing (-41.51 percent vs -54.91 percent); construction (-66.43 percent vs -89.72 percent); mining (-45.79 percent vs -42.29 percent); transport & storage (-56.4 percent vs -69.11 percent); restaurants & lodging (-90.58 percent vs -94.55 percent); business services (-40.84 percent vs -61.75 percent); utilities (-21.68 percent vs -25.58 percent); fisheries (-46.99 percent vs -57.82 percent) and telecommunications (-0.31 percent vs -1.62 percent). Meanwhile, growth was recorded in agriculture & livestock (1.55 percent vs 0.57 percent); and finance & insurance (7.98 percent vs 4.60 percent).
2020-07-15
Peru Economic Activity Shrinks at Record Pace
The economy of Peru shrank 40.49 percent year-on-year in April 2020, following a 16.26 percent decline in the previous month. It was the sharpest contraction in economic activity on record, amid business closures and lockdowns due to the coronavirus pandemic. Output shrank further in trade (-65.41 percent vs -22.35 percent in March); manufacturing (-54.91 percent vs -32.23 percent); construction (-89.72 percent vs -46.28 percent); mining (-42.29 percent vs -21.82 percent); transport & storage (-69.11 percent vs -24.4 percent); restaurants & lodging (-94.55 percent vs -42.35 percent); business services (-61.75 percent vs -10.21 percent); utilities (-25.58 percent vs -11.89 percent); and fisheries (-57.82 percent vs -21.43 percent). Also, output contracted in telecommunications (-1.62 percent vs 3.44 percent) while growth slowed in agriculture & livestock (0.57 percent vs 0.68 percent). In contrast, output rose at a faster pace in finance & insurance (4.60 percent vs 3.95 percent).
2020-06-15
Peru Economic Activity Shrinks the Most on Record
The economy of Peru shrank 16.26 percent year-on-year in March 2020, after expanding 3.83 percent in the previous month. It was the steepest contraction in economic activity on record, as the covid-19 hit the economy. Output shrank sharply in manufacturing (-32.23 percent vs 5.27 percent in February); mining (-21.82 percent vs 4.17 percent); trade (-22.35 percent vs 2.51 percent); construction (-46.28 percent vs 5.14 percent); transport & storage (-24.4 percent vs 3.28 percent); restaurants & lodging (-42.35 percent vs 4.77 percent); utilities (-11.89 percent vs 5.03 percent); and fisheries (-21.43 percent vs 19.32 percent). In addition, growth slowed in agriculture & livestock (0.68 percent vs 3.54 percent). Meanwhile, output rose further in finance & insurance (3.95 percent vs 2.83 percent); and telecommunications (3.44 percent vs 2.63 percent).
2020-05-15
Peru Economic Activity Expands the Most in Over a Year
The economy of Peru advanced 3.83 percent year-on-year in February 2020, following a 2.98 percent growth in the previous month. It was the strongest expansion in economic activity since December 2018, as output rose further in manufacturing (5.27 percent vs 0.79 percent in January); mining (4.17 percent vs 3.53 percent); transport & storage (3.28 percent vs 2.63 percent); restaurants & lodging (4.77 percent vs 4.05 percent); and utilities (5.03 percent vs 1.61 percent). Also, output rebounded in fisheries (19.32 percent vs -32.72 percent). In contrast, growth slowed in trade (2.51 percent vs 2.72 percent); construction (5.14 percent vs 5.21 percent); agriculture & livestock (3.54 percent vs 3.64 percent); finance & insurance (2.83 percent vs 3.53 percent); and telecommunications (2.63 percent vs 4.83 percent).
2020-04-15

Peru GDP YoY
In Peru, Leading Economic Index refers to a year on year GDP growth change.