The gross domestic product in Peru expanded 1% quarter-on-quarter in the Q1 2026, following a 0.6% growth in the previous period. GDP Growth Rate in Peru averaged 1.12 percent from 2002 until 2026, reaching an all time high of 29.90 percent in the third quarter of 2020 and a record low of -25.90 percent in the second quarter of 2020. source: Instituto Nacional de Estadística e Informática (INEI)
GDP Growth Rate in Peru is expected to be 0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Peru GDP Growth Rate is projected to trend around 1.40 percent in 2027 and 1.60 percent in 2028, according to our econometric models.
Peru is one of the fastest growing economies in Latin America. From 2002 to 2012, the country has been growing at an average rate of 1.5 percent on a quarter over quarter basis due to a rise in exports of commodities. As a result, the national poverty rate fell from 48.5 percent in 2004 to 27.8 percent in 2011, yet inequality remains high. In order to keep the current pace of growth, Peru needs to diversify the economy, improve the infrastructure and provide more funds for the development of non-coastal areas. Peru is the world's third-largest producer of copper, zinc and silver.
|
Actual |
Previous |
Highest |
Lowest |
Dates |
Unit |
Frequency |
|
|
1.00 |
0.60 |
29.90 |
-25.90 |
2002 - 2026 |
percent |
Quarterly |
2007=100
|