Peru GDP Growth Rate
The Gross Domestic Product (GDP) in Peru expanded 0.30 percent in the first quarter of 2014 over the previous quarter. GDP Growth Rate in Peru averaged 1.53 Percent from 2002 until 2014, reaching an all time high of 2.90 Percent in the fourth quarter of 2004 and a record low of -1.30 Percent in the first quarter of 2009. GDP Growth Rate in Peru is reported by the Instituto Nacional de Estadística e Informática (INEI).
||2002 - 2014
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.