Peru GDP Growth Rate

The Gross Domestic Product (GDP) in Peru expanded 1.80 percent in the fourth quarter of 2013 over the previous quarter. GDP Growth Rate in Peru is reported by the Instituto Nacional de Estadística e Informática (INEI). GDP Growth Rate in Peru averaged 1.55 Percent from 2002 until 2013, reaching an all time high of 2.90 Percent in the fourth quarter of 2007 and a record low of -1.30 Percent in the first quarter of 2009. 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. This page provides - Peru GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-21

Actual Previous Highest Lowest Forecast Dates Unit Frequency
1.80 1.50 2.90 -1.30 1.36 | 2014/06 2002 - 2013 Percent Quarterly
100=1994

TO

Peru GDP Growth Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-05-23 06:00 PM Peru
GDP Growth Rate QoQ
Q1 2013 2.1% 0.9% (R)
2013-08-23 07:00 PM Peru
GDP Growth Rate QoQ
Q2 2013 1.1% 1.8% (R) 1.83%
2013-11-23 12:00 AM Peru
GDP Growth Rate QoQ
Q3 2013 0.8% 1.0% (R) 1.64%
2014-02-24 04:00 PM Peru
GDP Growth Rate QoQ
Q4 2013 1.80% 1.50%
2014-05-26 04:00 PM Peru
GDP Growth Rate QoQ
Q1 2014 1.80% 1.4%
[+]

GDP Last Previous Highest Lowest Forecast Unit
GDP per capita 4252.50 2012-12-31 4051.68 4252.50 1966.58 4562.78 2014-06-30 USD [+]
GDP per capita PPP 9428.86 2012-12-31 8983.59 9428.86 4360.40 10116.83 2014-06-30 USD [+]
GDP Constant Prices 64968.08 2013-11-15 61620.99 65687.58 18375.42 67042.59 2014-06-30 PEN Million [+]
Gross Fixed Capital Formation 19722.94 2013-11-15 18632.22 19722.94 2817.42 18822.81 2014-06-30 PEN Million [+]
Gross National Product 293760.00 2012-06-29 274470.00 293760.00 23859.00 334245.68 2014-06-30 PEN Million [+]
GDP Growth Rate 1.80 2013-12-31 1.50 2.90 -1.30 1.36 2014-06-30 Percent [+]
GDP Annual Growth Rate 5.20 2013-12-31 4.50 21.05 -20.94 4.92 2014-06-30 Percent [+]
GDP 197.00 2012-12-31 176.66 197.00 2.50 230.18 2014-06-30 USD Billion [+]
[+]


GDP Growth Rate | Notes
The GDP Growth Rate shows a percentage change in the seasonally adjusted GDP value in the certain quarter, compared to the previous quarter. Because of climatic conditions and holidays, the intensity of the production varies throughout the year. This makes a direct comparison of two consecutive quarters difficult. In order to adjust for these conditions, many countries calculate the quarterly GDP using so called seasonally adjusted method. The Gross Domestic Product can be determined using three different approaches: the product, the income, and the expenditure technique, which should give the same result. In sum, the product technique sums the outputs of every class of enterprise. The expenditure technique works on the principle that every product must be bought by somebody, therefore the value of the total product must be equal to people's total expenditures in buying products and services. The income technique works on the principle that the incomes of the productive factors must be equal to the value of their product, and determines GDP by finding the sum of all producers' incomes.


RELATED NEWS

Peru Industrial Production at 5.70 Percent  
Industrial Production in Peru increased 5.70 percent in February of 2014 over the same month in the previous year. Industrial Production in Peru is reported by the Instituto Nacional de Estadística e Informática (INEI).
Peru Inflation Rate at 3.38 Percent  
The inflation rate in Peru was recorded at 3.38 percent in March of 2014. Inflation Rate in Peru is reported by the Instituto Nacional de Estadística e Informática (INEI).
Peru Current Account at -2246.03 USD Million  
Peru recorded a Current Account deficit of 2246.03 USD Million in the fourth quarter of 2013. Current Account in Peru is reported by the Central Reserve Bank of Peru.
Peru Exports at 3017.70 USD Million  
Exports in Peru increased to 3017.70 USD Million in February of 2014 from 2937.90 USD Million in January of 2014. Exports in Peru is reported by the Central Reserve Bank of Peru.
Peru Imports at 2959.30 USD Million  
Imports in Peru decreased to 2959.30 USD Million in February of 2014 from 3616.50 USD Million in January of 2014. Imports in Peru is reported by the Central Reserve Bank of Peru.
Peru Tourist Arrivals at 3487346.00  
Tourist Arrivals in Peru increased to 3487346 in 2012 from 3222927 in 2011. Tourist Arrivals in Peru is reported by the Instituto Nacional de Estadística e Informática (INEI).
Peru Unemployed Persons at 355.47 Thousand  
The number of unemployed persons in Peru decreased to 355.47 Thousand in February of 2014 from 362.87 Thousand in January of 2014. Unemployed Persons in Peru is reported by the Central Reserve Bank of Peru.
Peru Average Monthly Wages at 1496.50 PEN  
Wages in Peru decreased to 1496.50 PEN in February of 2014 from 1535.87 PEN in January of 2014. Wages in Peru is reported by the Central Reserve Bank of Peru.
Peru Core Inflation Rate at 3.75 Percent  
Core Inflation Rate in Peru increased 3.75 percent in March of 2014 over the same month in the previous year. Core Inflation Rate in Peru is reported by the Instituto Nacional de Estadística e Informática (INEI).
Peru Balance of Trade at 58.40 USD Million  
Peru recorded a trade surplus of 58.40 USD Million in February of 2014. Balance of Trade in Peru is reported by the Central Reserve Bank of Peru.
MORE RELATED NEWS

LATEST NEWS

Chile Leaves Monetary Policy Unchanged  
At its April 17th, 2014 meeting, Central Bank of Chile left the benchmark interest rate on hold at 4 percent, following last month's cut, citing low output and demand, but hinted possible future rate cuts, depending on domestic and external conditions.
Russia Unemployment Drops in March  
Russian jobless rate fell for the first time in four months to 5.4 percent, after remaining stable at 5.6 percent in the previous two months.
Canada Inflation Rises Above Forecasts in March  
The annual consumer prices in Canada accelerated to 1.5 percent in March of 2014 following a 1.1 increase in the previous month, as energy prices surged.
US Jobless Claims Rise Slightly  
In the week ending April 12, the advance figure for seasonally adjusted initial claims was 304,000, an increase of 2,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 300,000 to 302,000. There were no special factors impacting this week's initial claims.
Brazil Unemployment Rate Down to 5%  
In March of 2014, Brazil’s jobless rate fell by 0.1 percentage point to 5 percent, below market forecasts. A year earlier, unemployment reached 5.7 percent.
Dutch Unemployment Rate Falls for the First Time in 2014  
In March of 2014, Netherlands’ seasonally adjusted jobless rate fell to 8.7 percent from 8.8 percent in the previous month and 8.1 percent a year earlier, as more people left permanently the labor market rather than found jobs.
Singaporean Trade Surplus Narrows Sharply in March  
The trade surplus decreased 51.1 percent in March of 2014 over a year earlier and 47.2 percent from February to SGD 2.3 billion. Imports rose at a faster pace than exports, as sales of pharmaceuticals and electronics fell, while shipments of petrochemicals and re-exports contributed to overall increase.
Mozambique Leaves Lending Rate Steady at 8.25%  
At its April 16th, 2014 meeting, Bank of Mozambique left its benchmark interest rate unchanged at 8.25 percent for the sixth consecutive meeting, saying this was consistent with meeting domestic economic targets for 2014.
Spanish Trade Deficit Narrows to 4-Month Low  
In February of 2014, Spanish trade gap decreased to € 1.62 billion, down from € 2.82 billion in the previous month. Compared with the same month a year earlier, the trade deficit widened 37 percent.
Angolan Inflation Rate Down To 7.32% in March  
The annual consumer prices in Angola decelerated for the second consecutive month to 7.32 percent in March of 2014, from 7.48 percent recorded in February of 2014.
MORE TOP NEWS

OVERVIEW    |     WORLBANK    |     [+] Calendar    |     [+] Countries    |     [+] Indicators    |     News