Peruvian GDP Grows 4.4% YoY in Q3
In the third quarter, Peru’s economy expanded 4.4 percent when compared to the same period last year, down from 5.6 percent in the previous quarter. The slowdown was mainly due to decelerating investments and weak exports.
On the production side, services went up by 6.1 percent year-on-year, mainly fueled by financial and insurance activities (up by 9 percent). Water and electricity went up by 6 percent, while construction increased 5.8 percent. Commercial activities expanded 5.1 percent, mining went up 3.1 percent, and manufacturing grew 1.4 percent. In contrast, fishing contracted 1 percent.
11/25/2013 9:49:45 AM
Peru’s Economy Expands 5.6% in Q2
In the second quarter of 2013, Peruvian economy expanded 5.6 percent year-on-year, from 4.6 percent recorded in the previous quarter, as a rise in public spending and investment, offset weak exports.
Published on 2013-08-26
Peru´s Economy Grows 4.8% YoY In Q1
In the first quarter of 2013, Peru´s GDP expanded 4.8 percent yoy, down from the 5.9 percent expansion registered in the previous quarter.
Published on 2013-05-24
On the expenditure side, government consumption expanded 7.2 percent, while private spending went up 5.2 percent. Investments increased 2.8 percent, down from 8.6 percent in the previous quarter. In contrast, exports shrank for the third consecutive quarter by 2.5 percent, while imports increased 1.2 percent, year-on-year.
On a quarter-on-quarter basis, the GDP expanded 0.8 percent, down from a revised 1 percent in the previous quarter.
GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.