Markets Actual Q3 Q4 Q1 Q2 2023
Currency 3.82 3.92 3.98 4.03 4.09 4.21
Stock Market (points) 20221.08 19525 18770 18043 17346 16029
Government Bond 10Y (%) 0.00 5.43 5.43 5.43 5.43 5.43

Overview Actual Q3 Q4 Q1 Q2 2023
GDP Growth Rate (%) 0.90 1 1.3 0.9 1.1 1.5
GDP Annual Growth Rate (%) 3.80 1.7 1.5 2.1 2.3 2.5
Unemployment Rate (%) 6.80 8.1 8.5 8.5 8.4 8
Inflation Rate (%) 8.74 8 7.56 6 3.74 3
Interest Rate (%) 6.50 7 8 8.5 8.5 8.5
Balance of Trade (USD Million) 758.00 1408 1458 1511 1511 1900
Current Account (USD Million) -3547.00 -2146 -1389 -2209 -1504 -1454
Current Account to GDP (% of GDP) -2.90 -1.5 -1.5 -1.5 -1.5 -1.5
Government Debt to GDP (% of GDP) 36.00 34 34 35 35 35
Government Budget (% of GDP) -2.60 -2.5 -2.5 -2 -2 -2
Business Confidence (points) 34.30 45 45 47 49 50
Corporate Tax Rate (%) 29.50 29.5 29.5 29.5 29.5 29.5
Personal Income Tax Rate (%) 30.00 30 30 30 30 30

GDP Actual Q3 Q4 Q1 Q2 2023
GDP Growth Rate (%) 0.90 1 1.3 0.9 1.1 1.5
GDP Annual Growth Rate (%) 3.80 1.7 1.5 2.1 2.3 2.5
GDP (USD Billion) 223.25 230 230 237 237 237
GDP Constant Prices (PEN Million) 132979.81 142486 148323 135772 136038 152031
Gross Fixed Capital Formation (PEN Million) 32401.75 36536 38826 33082 33147 39797
GDP per capita (USD) 6506.00 6701 6701 6902 6902 6902
GDP per capita PPP (USD) 12648.00 12841 12841 13123 13123 13123
GDP From Agriculture (PEN Million) 7222.00 7315 7330 7374 7388 7514
GDP From Construction (PEN Million) 10071.00 9321 10222 10282 10303 10478
GDP From Manufacturing (PEN Million) 19035.00 17647 19321 19435 19473 19804
GDP From Mining (PEN Million) 16139.00 16017 16381 16478 16510 16791
GDP From Public Administration (PEN Million) 8540.00 7855 8668 8719 8736 8885
GDP From Services (PEN Million) 16046.00 15291 16287 16383 16415 16694
GDP From Transport (PEN Million) 6885.00 6996 6988 7030 7043 7163
GDP From Utilities (PEN Million) 3968.00 3513 4028 4051 4059 4128

Labour Actual Q3 Q4 Q1 Q2 2023
Unemployment Rate (%) 6.80 8.1 8.5 8.5 8.4 8
Employed Persons (Thousand ) 5087.70 5200 5300 5300 5300 5600
Unemployed Persons (Thousand ) 370.00 461 433 433 433 410
Wages (PEN/Month) 1667.22 1700 1700 1700 1700 1700
Minimum Wages (PEN/Month) 1025.00 1025 1025 1025 1025 1025
Population (Million) 32.78 32.94 32.94 33.09 33.09 33.09
Employment Rate (%) 93.20 91.4 91.5 91.5 91.5 91.8

Prices Actual Q3 Q4 Q1 Q2 2023
Inflation Rate (%) 8.74 8 7.56 6 3.74 3
Consumer Price Index CPI (points) 105.42 106 108 108 108 111
Core Consumer Prices (points) 143.79 134 134 134 134 134
Core Inflation Rate (%) 6.17 3.9 3.6 3.6 3.6 3.1
Producer Prices (points) 134.85 132 133 133 133 137
Export Prices (points) 164.57 176 178 178 178 180
Import Prices (points) 161.94 156 158 158 158 164
Inflation Rate Mom (%) 0.94 0.3 0.3 0.3 0.3 0.2
Food Inflation (%) 11.59 8 6 5 4 4
CPI Housing Utilities (points) 102.83 161 168 106 106 173
CPI Transportation (points) 105.95 106 107 107 107 107

Money Actual Q3 Q4 Q1 Q2 2023
Interest Rate (%) 6.50 7 8 8.5 8.5 8.5
Interbank Rate (%) 0.81 1.31 2.31 2.81 2.81 2.81
Money Supply M0 (PEN Million) 77777.00 82527 83081 83634 84188 85295
Money Supply M1 (PEN Million) 138128.00 145271 146061 146850 147640 149220
Money Supply M2 (PEN Million) 279791.00 290792 292970 295148 297327 301683
Foreign Exchange Reserves (USD Million) 74206.00 79500 80700 80700 80700 82000
Loans to Private Sector (PEN Million) 258542.70 254699 254357 264462 264489 260716
Deposit Interest Rate (%) 1.86 2.86 3.86 4.36 4.36 4.36

Trade Actual Q3 Q4 Q1 Q2 2023
Balance of Trade (USD Million) 758.00 1408 1458 1511 1511 1900
Current Account (USD Million) -3547.00 -2146 -1389 -2209 -1504 -1454
Current Account to GDP (% of GDP) -2.90 -1.5 -1.5 -1.5 -1.5 -1.5
Imports (USD Million) 5086.70 4469 4526 4575 4575 4600
Exports (USD Million) 5845.10 5877 5984 6086 6086 6500
External Debt (USD Million) 102482.00 104100 104500 104500 104500 108500
Remittances (USD Million) 945.47 840 840 840 840 870
Tourist Arrivals 444331.00 400000 400000 400000 400000 450000
Gold Reserves (Tonnes) 34.68 34.7 34.7 34.7 34.7 34.7

Government Actual Q3 Q4 Q1 Q2 2023
Government Debt to GDP (% of GDP) 36.00 34 34 35 35 35
Government Budget (% of GDP) -2.60 -2.5 -2.5 -2 -2 -2
Government Budget Value (PEN Million) -7588.08 -4300 -12900 -12900 -12900 -13200
Government Spending (PEN Million) 16293.09 18172 23319 16635 16668 23902
Government Revenues (PEN Million) 12724.40 10500 12600 12600 12600 13600

Taxes Actual Q3 Q4 Q1 Q2 2023
Corporate Tax Rate (%) 29.50 29.5 29.5 29.5 29.5 29.5
Personal Income Tax Rate (%) 30.00 30 30 30 30 30
Sales Tax Rate (%) 18.00 18 18 18 18 18

Business Actual Q3 Q4 Q1 Q2 2023
Business Confidence (points) 34.30 45 45 47 49 50
Industrial Production (%) 2.01 -0.5 1.5 2.2 3.3 3.6
Changes in Inventories (PEN Million) -6383.84 -5300 -8700 -8700 -8700 -8700
Copper Production (Tonnes) 174258.00 202285 203295 204305 204305 206999

Consumer Actual Q3 Q4 Q1 Q2 2023
Consumer Spending (PEN Million) 90420.14 93743 91650 92319 92500 93941
Consumer Credit (PEN Million) 89239.88 74496 78657 85752 91292 80624
Bank Lending Rate (%) 0.56 1.56 2.56 3.06 3.06 3.06
Gasoline Prices (USD/Liter) 1.06 1.1 1.14 1.18 1.23 1.23


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Peru Forecast - was last updated on Wednesday, August 17, 2022.