Peru | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.60 0.9 0.7 1.1 1.4 1.6 percent [+]
Unemployment Rate 7.70 7.4 6.6 6.4 6.6 7.1 percent [+]
Inflation Rate 3.25 3.5 3.2 3 2.9 3.1 percent [+]
Interest Rate 4.25 4.5 4.5 4.5 4.5 4 percent [+]
Balance of Trade 150.00 900 1100 1250 1400 550 USD Million [+]
Government Debt to GDP 23.00 22.26 22.7 23.15 23.6 24.17 percent [+]
MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 3.24 3.3 3.34 3.37 3.43 3.92 [+]
Stock Market 15624.93 15600 15500 15300 15000 12600 points [+]
Government Bond 10Y 5.81 6.21 6.27 6.33 6.4 7.38 percent [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.60 0.9 0.7 1.1 1.4 1.6 percent [+]
GDP Annual Growth Rate 3.00 3.3 3.7 4 3.5 4.1 percent [+]
GDP 189.11 192 192 192 192 211 USD Billion [+]
GDP Constant Prices 131813.84 120940 127364 127605 132504 132171 PEN Million [+]
Gross National Product 293760.41 285624 289387 293149 296912 376091 PEN Million [+]
Gross Fixed Capital Formation 32061.53 29469 32053 29478 32044 31991 PEN Million [+]
GDP per capita 5934.55 6220 6220 6220 6220 6700 USD [+]
GDP per capita PPP 11767.52 12300 12300 12300 12300 15000 USD [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 7.70 7.4 6.6 6.4 6.6 7.1 percent [+]
Employed Persons 4768.75 4816 4794 4798 4800 4799 Thousand [+]
Unemployed Persons 372.64 472 445 443 445 350 Thousand [+]
Wages 1706.71 1686 1716 1738 1757 1925 PEN/Month [+]
Minimum Wages 850.00 852 860 868 875 964 PEN/Month [+]
Population 31.49 31.23 31.32 31.4 31.48 32.83 Million [+]
Living Wage Family 1210.40 1270 1275 1276 1276 1276 PEN/Month [+]
Living Wage Individual 849.20 840 835 833 832 831 PEN/Month [+]
Employment Rate 63.10 62.1 64.15 64.5 63.9 65 percent [+]
Wages High Skilled 3870.00 3781 3780 3780 3780 3780 PEN/Month [+]
Wages Low Skilled 1350.00 1350 1350 1350 1350 1350 PEN/Month [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 3.25 3.5 3.2 3 2.9 3.1 percent [+]
Consumer Price Index CPI 126.42 127 127 127 128 134 Index Points [+]
Core Consumer Prices 127.45 128 129 129 130 140 Index Points [+]
Core Inflation Rate 3.25 4.15 3.85 3.6 3.15 4.25 percent [+]
Producer Prices 105.47 105 105 105 105 107 Index Points [+]
Export Prices 108.82 109 109 109 109 109 Index Points [+]
Import Prices 116.24 118 119 118 118 118 Index Points [+]
Inflation Rate Mom 0.32 0.4 0.37 0.35 0.36 0.5 percent [+]
Food Inflation 4.07 4.18 4.35 4.36 4.38 4.38 percent [+]
Cpi Transportation 111.65 112 112 112 112 112 Index Points [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 4.25 4.5 4.5 4.5 4.5 4 percent [+]
Interbank Rate 5.21 5.27 5.27 4.95 4.95 4.8 percent [+]
Money Supply M0 41769.00 41877 41743 41801 41923 41875 PEN Million [+]
Money Supply M1 74476.00 74388 75789 76716 77700 88517 PEN Million [+]
Money Supply M2 165282.00 165146 164947 164825 164813 164810 PEN Million [+]
Foreign Exchange Reserves 62379.00 62473 62657 62786 62901 63851 USD Million [+]
Loans to Private Sector 169794.03 164758 165844 165604 165629 165628 PEN Million [+]
Deposit Interest Rate 2.29 2.33 2.32 2.31 2.3 2.31 percent [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade 150.00 900 1100 1250 1400 550 USD Million [+]
Exports 3117.00 4200 4400 4450 4470 4580 USD Million [+]
Imports 2967.00 3300 3300 3200 3070 3200 USD Million [+]
Current Account 156.85 -550 -400 -250 -190 -650 USD Million [+]
Current Account to GDP -2.80 -3.1 -3.1 -3.1 -3.1 -1.2 percent [+]
External Debt 74651.00 76607 77764 78306 79506 82124 USD Million [+]
Terms of Trade 93.62 93.94 94.08 94.03 94.01 94 Index Points [+]
Remittances 746.98 709 747 759 766 787 USD Million [+]
Tourist Arrivals 4575753.00 4566585 4663304 4760022 4856740 5672348 [+]
Gold Reserves 34.68 34.68 34.68 34.68 34.68 34.68 Tonnes [+]
Foreign Direct Investment 1964.00 1932 1968 2026 2032 2089 USD Million [+]
Crude Oil Production 39.00 43.25 43.25 43.25 43.25 43.25 BBL/D/1K [+]
Terrorism Index 2.98 3.25 3.17 3.09 3.01 3.11 [+]
GOVERNMENT Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Debt to GDP 23.00 22.26 22.7 23.15 23.6 24.17 percent [+]
Government Budget -2.60 -2.17 -2.17 -1.69 -2.6 -1.76 percent of GDP [+]
Government Budget Value -1835.87 -1122 -1556 -1425 -1718 -1687 PEN Million [+]
Government Spending 17608.91 16016 16015 16264 17606 19041 PEN Million [+]
Government Revenues 7241.10 8129 8521 8694 8637 8625 PEN Million [+]
Fiscal Expenditure 7564.20 7209 7895 7795 7846 7834 PEN Million [+]
Military Expenditure 3303.20 3154 3297 3440 3432 3413 USD Million [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Business Confidence 57.00 55.59 54.98 55 55.22 55.47 [+]
Industrial Production 1.00 -2.25 -2.89 -0.48 -2.5 -2.29 percent [+]
Capacity Utilization 32.08 33.58 33.63 33.6 33.62 33.62 percent [+]
Changes in Inventories -1572.42 1306 2392 -110 -1103 -224 PEN Million [+]
Leading Economic Index 4.81 3.8 4.1 4.2 4.4 3.1 percent [+]
Ease of Doing Business 54.00 51.52 51.7 51.89 52.08 48.81 [+]
Competitiveness Index 4.23 4.21 4.21 4.21 4.21 4.31 Points [+]
Competitiveness Rank 67.00 67.57 67.57 67.57 71.53 73.14 [+]
Copper Production 196316.65 211485 212690 214900 216000 220000 Tonnes [+]
Corruption Index 35.00 35 35 35 35 36 Points [+]
Corruption Rank 101.00 88.04 87.72 87.41 87.1 90.01 [+]
Steel Production 55.00 67.79 83.56 86.16 86.98 87.29 Thousand Tonnes [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Confidence 87.00 88.19 84.14 83.57 86.98 83.18 [+]
Consumer Spending 79191.46 78760 80595 81734 80565 81310 PEN Million [+]
Consumer Credit 58107.72 59024 60383 61727 63049 77314 PEN Million [+]
Private Sector Credit 302268.70 303373 306367 309099 311768 338764 PEN Million [+]
Bank Lending Rate 0.55 0.53 0.52 0.51 0.51 0.44 percent [+]
Gasoline Prices 0.84 0.83 0.85 0.85 0.86 0.86 USD/Liter [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Corporate Tax Rate 28.00 28 28 28 28 28 percent [+]
Personal Income Tax Rate 30.00 30 30 30 30 30 percent [+]
Sales Tax Rate 18.00 18 18 18 18 18 percent [+]





Economic Forecasts for Peru including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Peru economy. 3/30/2017