The economy of Peru contracted 4.18 percent year-on-year in February of 2021, following a 0.98 percent decline in the previous month. It was the steepest downturn in economic activity since last September, amid a deterioration in the country's pandemic situation. Main decreases were seen in transport & storage (-25.07 percent); hotels & restaurants (-56.15 percent); business services (-12.02 percent); internal trade (-5.68 percent); mining (-5.34 percent); manufacturing (-1.27 percent) and utilities (-4.60 percent). In the first two months of the year, economic activity shrank 2.57 percent over a year earlier. source: Instituto Nacional de Estadística e Informática (INEI)

Leading Economic Index in Peru averaged 3.33 percent from 2008 until 2021, reaching an all time high of 14.08 percent in April of 2008 and a record low of -39.19 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 May of 2021.

Leading Economic Index in Peru is expected to be 12.00 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 3.20 in 12 months time. In the long-term, the Peru GDP YoY is projected to trend around 3.70 percent in 2022, according to our econometric models.

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Peru GDP YoY

Actual Previous Highest Lowest Dates Unit Frequency
-4.18 -0.98 14.08 -39.19 2008 - 2021 percent Monthly
Constant prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-01-15 03:00 PM Nov -2.81% -3.79% -3.6% -3.4%
2021-02-15 03:30 PM Dec 0.51% -2.81% -1.4% -1.6%
2021-03-15 03:00 PM Jan -0.98% 0.51% -0.8%
2021-04-15 03:00 PM Feb -4.18% -0.98% 0.2%
2021-05-14 04:00 PM Mar -4.18% -5.4%
2021-06-15 04:00 PM Apr
2021-07-15 03:30 PM May
2021-08-16 06:00 AM Jun
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Peru Economic Activity Shrinks the Most in 5 Months
The economy of Peru contracted 4.18 percent year-on-year in February of 2021, following a 0.98 percent decline in the previous month. It was the steepest downturn in economic activity since last September, amid a deterioration in the country's pandemic situation. Main decreases were seen in transport & storage (-25.07 percent); hotels & restaurants (-56.15 percent); business services (-12.02 percent); internal trade (-5.68 percent); mining (-5.34 percent); manufacturing (-1.27 percent) and utilities (-4.60 percent). In the first two months of the year, economic activity shrank 2.57 percent over a year earlier.
2021-04-15
Peru Economic Activity Contracts in January
The economy of Peru shrank 0.98 percent year-on-year in January of 2021, following a 0.51 percent rise in the previous month, as the pandemic worsened. The contraction was mainly attributed to declines in transportation & storage (-18.80 percent), mining (-8.49 percent), hotels & restaurants (-26.61%), business services (-8.97 percent) and trade (-0.85 percent). Meanwhile, growth was registered mainly in finance & insurance (18.66 percent), manufacturing (6.95 percent), construction (15.22 percent), telecommunications (7.03 percent), fisheries (74.89 percent) and public administration (4.83 percent).
2021-03-15
Peru Economic Activity Unexpectedly Recovers
The economy of Peru rose 0.51 percent year-on-year in December of 2020, after shrinking 2.81 percent in November and better than market expectations of a 1.4 percent fall. It marks the first increase in economic activity after nine consecutive months of contraction. Growth was mainly supported by construction (23.07 percent vs 17.25 percent in November); finance & insurance (23.22 percent vs 22.40 percent); telecommunications (12.92 percent vs 11.98 percent); fisheries (108.54 percent vs -0.68 percent) and manufacturing (9.21 percent vs -4.19 percent). Considering the full year of 2020, the economic activity plunged 11.1 percent amid the pandemic crisis, the biggest decline in three decades.
2021-02-15
Peru Economic Activity Contracts Less than Expected
The economy of Peru shrank by 2.81% year-on-year in November of 2020, following a 3.79% decline in the previous month and compared to market expectations of a 3.6 percent fall. It was the softest contraction in economic activity in the current nine-month sequence of decreases, as the economy gradually recovers from the COVID-19 crisis. Output fell less in trade (-2.46% vs -3.81% in October); transport & storage (-21.88% vs -23.11%) and restaurants & lodging (-41.31% vs -44.40%). At the same time, activity expanded further for telecommunications (6.79% vs 6.70%) and finance & insurance (22.40% vs 21.32%).
2021-01-15

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