The economy of Peru advanced 1.86 percent year-on-year in November 2019, slowing from a 2.09 percent growth. It was the weakest expansion in economic activity since May, as output growth eased in agriculture & livestock (2.07 percent vs 4.25 percent); trade (3.47 percent vs 3.54 percent); restaurants & lodging (5.47 percent vs 5.95 percent); and utilities (2.48 percent vs 2.65 percent). Also, production shrink in construction (-3.71 percent vs 1.18 percent); and contracted further in manufacturing (-2.58 percent vs -1.09 percent); and fisheries (-13.77 percent vs -0.68 percent). On the other hand, output growth accelerated in mining (4.01 percent vs 0.67 percent); transport & storage (3.39 percent vs 1.87 percent); telecommunications (4.48 percent vs 3.79 percent); finance & insurance (6.24 percent vs 4.37 percent); business services (3.24 percent vs 3.07 percent); and other services (3.37 percent vs 3.23 percent).

Leading Economic Index in Peru averaged 4.63 percent from 2008 until 2019, reaching an all time high of 14.08 percent in April of 2008 and a record low of -2.86 percent in June of 2009. 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. source: Instituto Nacional de Estadística e Informática (INEI)

Leading Economic Index in Peru is expected to be 3.00 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 3.90 in 12 months time. In the long-term, the Peru GDP YoY is projected to trend around 4.20 percent in 2020, according to our econometric models.


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Peru GDP YoY

Actual Previous Highest Lowest Dates Unit Frequency
1.86 2.09 14.08 -2.86 2008 - 2019 percent Monthly
Constant prices, NSA

Calendar GMT Actual Previous Consensus TEForecast
2019-10-15 06:00 AM GDP Growth Rate YoY Aug 3.39% 3.28% 3.8%
2019-11-15 02:00 PM GDP Growth Rate YoY Sep 2.22% 3.39% 2.6%
2019-12-15 05:00 AM GDP Growth Rate YoY Oct 2.09% 2.22% 2.5%
2020-01-15 05:00 AM GDP Growth Rate YoY Nov 1.86% 2.09% 2.2%
2020-02-17 01:15 PM GDP Growth Rate YoY Dec 1.86% 2.3%


News Stream
2019-12-16
Peru Economic Activity Growth Slows to 5-Month Low
The economy of Peru advanced 2.09 percent year-on-year in October 2019, slowing from a 2.22 percent growth in the previous month. It was the weakest expansion in economic activity since June, as output growth eased in construction (1.18 percent vs 3.84 percent in September); business services (3.07 percent vs 3.51 percent); telecommunications (3.79 percent vs 4.01 percent); finance & insurance (4.37 percent vs 5.76 percent); and utilities (2.65 percent vs 2.82 percent). Also, output shrank in manufacturing (-1.09 percent vs 1.38 percent); and fisheries (-0.68 percent vs 14.28 percent). In contrast, production advanced further in agriculture & livestock (4.25 percent vs 0.87 percent); transport & storage (1.87 percent vs 1.61 percent); trade (3.54 percent vs 3.44 percent); restaurants & lodging (5.95 percent vs 3.9 percent); and other services (3.23 percent vs 3.18 percent). Additionally, mining activities grew 0.67 percent, after shrinking 3.37 percent in September.

2019-11-15
Peru Economic Activity Growth Slows in September
The economy of Peru advanced 2.22 percent over a year earlier in September 2019, slowing from a 3.39 percent expansion in the previous month. Output growth eased in manufacturing (1.38 percent vs 1.69 percent in August); construction (3.84 percent vs 4.53 percent); agriculture & livestock (0.87 percent vs 2.15 percent); transport & storage (1.61 percent vs 2.42 percent); other services (3.18 percent vs 3.92 percent); business services (3.51 percent vs 4.04 percent); restaurants & lodging (3.9 percent vs 6.07 percent); telecommunications (4.01 percent vs 4.73 percent); and utilities (2.82 percent vs 3.94 percent). Also, mining activities shrank 3.37 percent, after growing 4.15 percent in August. Meanwhile, output rose further in trade (3.44 percent vs 3.14 percent); fisheries (14.28 percent vs 2.3 percent); and finance & insurance (5.76 percent vs 3.53 percent).

2019-10-15
Peru Economic Activity Grows the Most in 8 Months
The economy of Peru advanced 3.39 percent over a year earlier in August 2019, after a 3.28 percent expansion in July. It was the strongest growth in economic activity since December last year, as output went up further in mining (4.15 percent vs 0.26 percent in July); construction (4.53 percent vs 0.76 percent); business services (4.04 percent vs 3.54 percent); restaurants & lodging (6.07 percent vs 4.73 percent); telecommunications (4.73 percent vs 3.86 percent); transport & storage (2.42 percent vs 2.17 percent); and other services (3.92 percent vs 3.73 percent). Also, agriculture & livestock grew 2.15 percent, recovering from a 1.09 percent contraction. In contrast, output growth eased in manufacturing (1.69 percent vs 6.25 percent); trade (3.14 percent vs 3.19 percent); fisheries (2.3 percent vs 52.33 percent); finance & insurance (3.53 percent vs 5.18 percent); and utilities (3.94 percent vs 4.17 percent).

2019-09-16
Peru Economic Activity Grows the Most in 4 Months
The economy of Peru advanced 3.28 percent over a year earlier in July 2019, following a 2.61 percent expansion in June. Output increased further in manufacturing (6.25 percent vs 0.53 percent in June); trade (3.19 percent vs 2.73 percent); business services (3.54 percent vs 2.95 percent); restaurants & lodging (4.73 percent vs 4.31 percent); fisheries (52.33 percent vs 14.18 percent); other services (3.73 percent vs 3.32 percent); finance & insurance (5.18 percent vs 3.83 percent); and utilities (4.17 percent vs 3.45 percent). In addition, the mining sector grew 0.26 percent, rebounding from a 3.01 percent contraction in June. Meanwhile, growth slowed in telecommunications (3.86 percent vs 5.29 percent); transport & storage (2.17 percent vs 2.53 percent); and construction (0.76 percent vs 13.63 percent). Also, agriculture & livestock shrank 1.09 percent, after a 0.01 percent decline in the prior month.

2019-08-15
Peru GDP Growth Strongest in 3 Months
The economy of Peru grew 2.62 percent year-on-year in June 2019, after expanding 0.63 in the previous month. This was the strongest GDP growth since March.

2019-07-15
Peru Economic Activity Grows 0.63% YoY in May
The economy of Peru expanded 0.63 percent year-on-year in May 2019, after stalling in the previous month. Output rose further for telecommunications (8.13 percent compared to 6.18 percent in April); transport & storage (1.74 percent compared to 1.24 percent); and restaurants & lodging (5.01 percent compared to 4.12 percent); utilities (4.25 percent compared to 3.75 percent); and other services (3.56 percent compared to 3.06 percent). Additionally, manufacturing activity (-6.77 percent compared to -13.2 percent); mining (-1.54 percent compared to -2.87 percent); and fisheries (-26.79 percent compared to -63 percent) shrank less. Meanwhile, growth slowed in agriculture & livestock (1.25 percent compared to 3.04 percent); and finance & insurance (2.31 percent compared to 3.50 percent). Also, construction activity contracted 0.3 percent, after growing 8.73 percent in the prior month.


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

Peru Business Last Previous Highest Lowest Unit
Business Confidence 47.00 46.80 75.30 32.40 points [+]
Industrial Production -2.54 -1.04 51.79 -43.10 percent [+]
Changes in Inventories -1245.64 -1562.91 6050.55 -7295.62 PEN Million [+]
Leading Economic Index 1.86 2.09 14.08 -2.86 percent [+]
Internet Speed 6231.99 5558.31 6231.99 750.26 KBps [+]
IP Addresses 1032242.00 1025133.00 1276429.00 378792.00 IP [+]
Steel Production 100.00 105.00 112.00 8.00 Thousand Tonnes [+]
Gold Production 10294.80 10558.20 22604.00 0.00 Kg [+]
Ease of Doing Business 76.00 68.00 76.00 39.00 [+]
Competitiveness Index 61.66 61.26 61.66 3.86 Points [+]
Competitiveness Rank 65.00 63.00 86.00 60.00 [+]
Copper Production 211345.97 204138.81 230258.16 5300.00 Tonnes [+]
Corruption Index 36.00 35.00 45.00 33.00 Points [+]
Corruption Rank 101.00 105.00 105.00 40.00 [+]