Peru GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Peru expanded 5.20 percent in the fourth quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Peru is reported by the Instituto Nacional de Estadística e Informática (INEI). GDP Annual Growth Rate in Peru averaged 3.54 Percent from 1980 until 2013, 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. 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. 2014-04-16

Actual Previous Highest Lowest Forecast Dates Unit Frequency
5.20 4.50 21.05 -20.94 4.86 | 2014/03 1980 - 2013 Percent Quarterly
100=1994

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Peru GDP Annual Growth Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-05-23 06:00 PM Peru
GDP Growth Rate YoY
Q1 2013 4.8% 5.9%
2013-08-23 07:00 PM Peru
GDP Growth Rate YoY
Q2 2013 5.6% 4.6% (R) 5.2% 4.46%
2013-11-15 06:30 PM Peru
GDP Growth Rate YoY
Q3 2013 4.4% 5.6% 5.98%
2014-02-24 04:00 PM Peru
GDP Growth Rate YoY
Q4 2013 5.2% 4.5% (R) 4.54%
2014-05-26 04:00 PM Peru
GDP Growth Rate YoY
Q1 2014 5.2% 4.86%
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GDP Last Previous Highest Lowest Forecast Unit
GDP per capita 4252.50 2012-12-31 4051.68 4252.50 1966.58 4457.18 2013-12-31 USD [+]
GDP per capita PPP 9428.86 2012-12-31 8983.59 9428.86 4360.40 9876.16 2013-12-31 USD [+]
GDP Constant Prices 64968.08 2013-11-15 61620.99 65687.58 18375.42 64822.63 2014-03-31 PEN Million [+]
Gross Fixed Capital Formation 19722.94 2013-11-15 18632.22 19722.94 2817.42 19278.54 2014-03-31 PEN Million [+]
Gross National Product 293760.00 2012-06-29 274470.00 293760.00 23859.00 295361.06 2012-12-31 PEN Million [+]
GDP Growth Rate 1.80 2013-12-31 1.50 2.90 -1.30 1.41 2014-03-31 Percent [+]
GDP Annual Growth Rate 5.20 2013-12-31 4.50 21.05 -20.94 4.86 2014-03-31 Percent [+]
GDP 197.00 2012-12-31 176.66 197.00 2.50 218.63 2013-12-31 USD Billion [+]
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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.

On the expenditure side, only gross capital formation recorded a higher growth rate than in the previous quarter (4.5 percent yoy compared with 1.4 percent yoy). Although private consumption and government spending continued to support growth, they slowed to an annual 4.2 percent and 5.6 percent respectively, from 5.3 percent and 7 percent, respectively in the previous three-month period. 

Both exports and imports contracted for the second straight quarter (-0.9 percent and -1.7 percent, respectively). Shipments dropped on the back of lower gold, copper and gasoline sales. 

On the production side, while fishing recorded the highest growth rate (47.4 percent yoy), construction slowed the most (3.6 percent from 5.8 percent in the preceding quarter). 

On a quarter-on-quarter seasonally-adjusted basis, the GDP expanded 1.8 percent, the highest growth rate in the last five quarters. For full 2013, the economy expanded 5 percent.

Joana Taborda | joana.taborda@tradingeconomics.com
2/24/2014 5:03:30 PM

RECENT RELEASES

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


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.


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.
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