Peru GDP YoY2008-2020 Data | 2021-2022 Forecast | Calendar | Historical | Chart

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).

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).

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).

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).