Peru GDP Annual Growth Rate 1980-2015 | Data | Chart | Calendar

The Gross Domestic Product (GDP) in Peru expanded 3 percent in the second quarter of 2015 over the same quarter of the previous year. Household consumption was the main driver of growth (up 3.3 percent) while government spending went up 6.3 percent. In contrast, gross fixed capital formation shrank 8.8 percent, exports fell 3.2 percent and imports contracted 4.8 percent. GDP Annual Growth Rate in Peru averaged 3.44 percent from 1980 until 2015, reaching an all time high of 21.05 percent in the fourth quarter of 1986 and a record low of -20.94 percent in the first quarter of 1989. GDP Annual Growth Rate in Peru is reported by the Instituto Nacional de Estadística e Informática (INEI).

Peru GDP Annual Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
3.00 1.70 21.05 -20.94 1980 - 2015 percent Quarterly
2007=100
Peru is one of the fastest growing economies in Latin America. The services sector is the most important and accounts for 60 percent of GDP. The biggest segments within services are: wholesale and retail trade (17 percent of total GDP); other services (11 percent); transport and communications (10 percent); services provided to companies (8 percent) and government services (6 percent). Manufacturing creates 16 percent of the wealth and construction and water, gas and electricity distribution 10 percent. The agriculture and fishing sector fuels 9 percent of the GDP and the mining sector accounts for the remaining 5 percent. This page provides - Peru GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Peru GDP Annual Growth Rate - was last refreshed on Tuesday, September 1, 2015.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-02-20 04:00 PM Q4 1.0% 1.76% 1.42%
2015-05-22 05:40 PM Q1 1.7% 1.0% 0.29%
2015-08-20 06:20 PM Q2 3% 1.7% 2.69%


Peru GDP Growth Disappoints in Q2


The Peruvian economy expanded just 1.7 percent year-on-year in the second quarter of 2014, as public and private consumption were not enough to offset a drop in investment and exports.

On the expenditure side, household consumption rose 4.2 percent over a year earlier and government expenditure advanced 4.9 percent. In contrast, investment shrank 3.2 percent and exports fell 4.8 percent, mainly due to lower gold and lead sales. 

On the production side, the services sector grew 5.3 percent, while manufacturing and mining contracted 2.5 percent and 3.1 percent, respectively. An increase in iron (8.7 percent), silver (6.8 percent) and copper (4.2 percent) production was not enough offset a fall in gold (-23.7 percent), zinc (-14.6 percent), molybdenum (1.1 percent), tin (3.0 percent) and lead (1.7 percent) output. The agriculture sector shrank 0.5 percent. 

Joana Taborda | joana.taborda@tradingeconomics.com
8/25/2014 6:46:17 PM


Recent Releases

Peru GDP Growth Slows to 4.8% YoY in Q1
Peru's economy advanced 4.8 percent year-on-year in the first quarter of 2014, down from a revised 6.9 percent expansion in the previous three months, due to lower copper exports.
Published on 2014-05-27

Peru’s GDP Growth Accelerates in Q4
In the fourth quarter of 2013, Peru’s economy advanced 5.2 percent over a year earlier, up from a revised 4.5 percent in the previous quarter, as private sector demand remains the main source of growth.
Published on 2014-02-24

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.
Published on 2013-11-25

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 GDP Last Previous Highest Lowest Unit
GDP 202.90 202.36 202.90 3.33 USD Billion [+]
GDP Growth Rate 0.50 0.90 2.90 -1.30 percent [+]
GDP Annual Growth Rate 3.00 1.70 21.05 -20.94 percent [+]
GDP Constant Prices 120272.48 112294.85 122410.63 33934.51 PEN Million [+]
Gross National Product 293760.00 274470.00 293760.00 23859.00 PEN Million [+]
GDP per capita 4151.08 4108.28 4151.08 1860.22 USD [+]
Gross Fixed Capital Formation 28051.15 27119.11 36685.90 4495.97 PEN Million [+]
GDP per capita PPP 11513.95 11395.23 11513.95 5159.73 USD [+]


GDP Annual Growth Rate Reference Previous Highest Lowest Unit
Australia 2.30 Mar/15 2.50 9.00 -3.40 percent [+]
Brazil -2.60 Jun/15 -1.60 10.10 -3.15 percent [+]
Canada 2.06 Mar/15 2.63 8.80 -3.70 percent [+]
China 7.00 Jun/15 7.00 14.20 3.80 percent [+]
Euro Area 1.20 Jun/15 1.00 5.00 -5.60 percent [+]
France 1.00 Jun/15 0.82 12.50 -3.95 percent [+]
Germany 1.60 Jun/15 1.20 6.00 -7.90 percent [+]
India 7.00 Jun/15 7.50 11.40 -5.20 percent [+]
Indonesia 4.67 Jun/15 4.71 7.16 1.56 percent [+]
Italy 0.50 Jun/15 0.10 10.30 -6.90 percent [+]
Japan 0.70 Jun/15 -1.00 9.40 -9.40 percent [+]
Mexico 2.20 Jun/15 2.50 8.50 -8.10 percent [+]
Netherlands 1.60 Jun/15 2.50 5.80 -4.40 percent [+]
Russia -4.60 Jun/15 -2.20 12.10 -11.20 percent [+]
South Korea 2.20 Jun/15 2.50 18.20 -7.30 percent [+]
Spain 3.10 Jun/15 2.70 5.60 -4.30 percent [+]
Switzerland 1.20 Jun/15 1.20 5.40 -3.60 percent [+]
Turkey 2.30 Mar/15 2.60 12.60 -14.70 percent [+]
United Kingdom 2.60 Jun/15 2.90 9.80 -5.80 percent [+]
United States 2.70 Jun/15 2.90 13.40 -4.10 percent [+]