Peru’s economy advanced 1.7 percent year-on-year in the third quarter of 2022, slowing from a 3.3 percent expansion in the previous period, as tightening financial conditions dragged on economic activity. Private consumption (3 percent) and gross fixed capital formation (1.9 percent) increased, while government spending fell (2.5 percent). Regarding net trade, exports advanced 1.8 percent while imports grew 9.0 percent. source: Instituto Nacional de Estadística e Informática (INEI)
GDP Annual Growth Rate in Peru averaged 3.36 percent from 1980 until 2022, reaching an all time high of 41.90 percent in the second quarter of 2021 and a record low of -29.60 percent in the second quarter of 2020. This page provides - Peru GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Peru GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on January of 2023.
GDP Annual Growth Rate in Peru is expected to be 2.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Peru GDP Annual Growth Rate is projected to trend around 3.00 percent in 2024, according to our econometric models.