Peru GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Peru expanded 5.90 percent in the fourth quarter of 2012 over the same quarter of the previous year. GDP Annual Growth Rate in Peru is reported by the Instituto Nacional De Estadista. Historically, from 1980 until 2012, Peru GDP Annual Growth Rate averaged 3.5 Percent reaching an all time high of 21.1 Percent in December of 1986 and a record low of -20.9 Percent in March of 1989. 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 includes a chart with historical data for Peru GDP Annual Growth Rate.

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Peru GDP Annual Growth Rate
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Peru´s Economy Grows 5.9% in the 4Q
Duarte Ricardo | duarte.ricardo@tradingeconomics.com  |  2/26/2013 10:04:06 AM


Peru´s GDP expanded 5.9 percent year over year in the fourth quarter of 2012, accumulating thirteen consecutive quarters of economic growth.

Construction output expanded 12.5 percent, driven by increased public and private investment, particularly infrastructure and real-estate projects. 

Increases were also registered in: other services (7.1 percent); agriculture, hunting and forestry (4.8 percent); electricity and water (4.6 percent) and manufacturing (2.2 percent).
 
A contraction was registered in the following economic activities: mining and hydrocarbons (2 percent) and fishing (25.4 percent).
 
In the full year of 2012 GDP expanded by 6.3 percent, driven by a  8.4 percent increase in domestic demand.




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.






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