Peru GDP Growth Rate (2026)
Peru has a resource-rich Latin American economy supported by mining, services, agriculture, manufacturing, and household consumption. This page explores its GDP growth trend, historical performance, regional position, and outlook.
GDP Growth Rate 2026
+2.8%
Annual real GDP growth
World Rank
#102
Out of 195 countries
Change vs 2025
-0.6 pp
2025: +3.4%
South America Rank
#6
Out of 12 countries
1. Peru GDP Growth Rate in 2026
Peruvian economic growth is influenced by mining output, investment, consumer demand, exports, and commodity prices. Political stability and global demand for metals are especially important.
2. Peru GDP Growth Rate Trends (1980–2026)
Peru’s growth history has been shaped by mining investment, commodity exports, domestic consumption, and economic reforms. External demand has played an important role in periods of stronger expansion.
3. Peru GDP Growth Rate (Historical Data)
| Year | GDP Growth Rate | Change (pp) |
|---|---|---|
| 2026 | +2.8% | -0.6 pp |
| 2025 | +3.4% | -0.1 pp |
| 2024 | +3.5% | +3.8 pp |
| 2023 | -0.3% | -3.1 pp |
| 2022 | +2.8% | -10.6 pp |
| 2021 | +13.4% | +24.3 pp |
| 2020 | -10.9% | -13.1 pp |
| 2019 | +2.2% | -1.8 pp |
| 2018 | +4.0% | +1.5 pp |
| 2017 | +2.5% | -1.5 pp |
| 2016 | +4.0% | +0.7 pp |
| 2015 | +3.3% | +0.9 pp |
| 2014 | +2.4% | -3.5 pp |
| 2013 | +5.9% | -0.2 pp |
| 2012 | +6.1% | -0.2 pp |
| 2011 | +6.3% | -2.0 pp |
| 2010 | +8.3% | +7.2 pp |
| 2009 | +1.1% | -8.0 pp |
| 2008 | +9.1% | +0.6 pp |
| 2007 | +8.5% | +1.0 pp |
| 2006 | +7.5% | +1.2 pp |
| 2005 | +6.3% | +1.3 pp |
| 2004 | +5.0% | +0.8 pp |
| 2003 | +4.2% | -1.3 pp |
| 2002 | +5.5% | +4.9 pp |
| 2001 | +0.6% | -2.1 pp |
| 2000 | +2.7% | +1.2 pp |
| 1999 | +1.5% | +1.9 pp |
| 1998 | -0.4% | -6.9 pp |
| 1997 | +6.5% | +3.7 pp |
| 1996 | +2.8% | -4.6 pp |
| 1995 | +7.4% | -4.9 pp |
| 1994 | +12.3% | +7.1 pp |
| 1993 | +5.2% | +5.7 pp |
| 1992 | -0.5% | -2.7 pp |
| 1991 | +2.2% | +7.3 pp |
| 1990 | -5.1% | +8.3 pp |
| 1989 | -13.4% | -4.0 pp |
| 1988 | -9.4% | -17.1 pp |
| 1987 | +7.7% | -4.4 pp |
| 1986 | +12.1% | +10.0 pp |
| 1985 | +2.1% | -1.7 pp |
| 1984 | +3.8% | +13.1 pp |
| 1983 | -9.3% | -9.0 pp |
| 1982 | -0.3% | -5.8 pp |
| 1981 | +5.5% | -2.2 pp |
| 1980 | +7.7% | — |
4. Peru GDP Growth Performance
Current Growth Rate
+2.8%
(2026 to 2026)
5-Year Average
+2.4%
(2022 to 2026)
10-Year Average
+2.3%
(2017 to 2026)
20-Year Average
+3.9%
(2007 to 2026)
The economy benefits from major mineral resources and a diversified domestic market. Political uncertainty and weaker investment can slow activity even when commodity conditions remain supportive.
5. Peru GDP Growth Rate vs South America and World
Peru
+2.8%
South America Average
+3.5%
World Average
+2.8%
0.0%
1.8%
3.5%
Annual real GDP growth (%)
Peru’s GDP growth rate is approximately
0.7 pp
below the
South America average
and
0.0 pp
above the world average.
6. Peru GDP Growth Rate Ranking in South America
| Rank | Country | GDP Growth Rate |
|---|---|---|
| #2 | Paraguay | +4.2% |
| #3 | Venezuela | +4.0% |
| #4 | Suriname | +3.9% |
| #5 | Argentina | +3.5% |
| #6 | Peru | +2.8% |
| #7 | Ecuador | +2.5% |
| #8 | Chile | +2.4% |
| #9 | Colombia | +2.3% |
| #10 | Brazil | +1.9% |
7. Top 10 Fastest-Growing Countries in the World (2026)
8. GDP Growth Rate and Economy Size in Peru
Peru GDP (Nominal)
$380.9 Billion
(2026)
Peru GDP Growth Rate
+2.8%
(2026)
Peru often performs competitively within Latin America when mining and investment are strong. Its exposure to metals markets can create greater volatility than economies with more service-based growth.
Explore more:
Peru GDP
9. Peru GDP Growth Rate Forecast
The outlook depends on mining investment, consumer demand, commodity markets, and political stability. Social unrest and weaker external demand remain important risks.
| Year | GDP Growth Rate | Change |
|---|---|---|
| 2027 | +2.8% | 0.0 pp |
| 2028 | +2.8% | 0.0 pp |
| 2029 | +2.8% | 0.0 pp |
| 2030 | +2.8% | 0.0 pp |
10. Peru GDP Growth Rate: Key Findings
Peru GDP growth rate is estimated at +2.8% in 2026.
It ranks #102 globally and #6 in South America by annual GDP growth rate.
The growth rate slowed by 0.6 percentage points compared with 2025.
The 5-year average GDP growth rate is +2.4%.
The 10-year average GDP growth rate is +2.3%.
The current rate is 0.7 percentage points below the South America average.
The current rate is 0.0 percentage points above the world average.
The forecast GDP growth rate is +2.8% in 2030, 0.0 percentage points below the 2026 rate.
11. What Is GDP Growth Rate?
GDP growth rate measures the percentage change in a country’s real gross domestic product from one period to the next, usually year over year.
GDP Growth Rate
=
(Real GDPₜ − Real GDPₜ₋₁)
÷
Real GDPₜ₋₁ × 100
A positive rate indicates economic expansion, while a negative rate indicates contraction. Real GDP growth is preferred for growth comparisons because it adjusts for price changes.
12. Methodology and Data Sources
Primary Source:
International Monetary Fund (IMF)
Additional Source:
World Bank
Measure:
Annual percentage change in real GDP
Unit:
Percent (%)
Comparisons:
Year-to-year rate differences are shown in percentage points (pp)
Update Frequency:
Annually and when new forecasts are released
Last Updated:
September 2026
13. Peru GDP Growth Rate FAQs
Peru GDP growth rate is estimated at +2.8% in 2026.
Peru ranks #102 globally and #6 in South America by annual GDP growth rate.
The economy is expanding, with real GDP growth of approximately +2.8% in 2026.
Peru GDP growth rate was +3.3% in 2015.
Peru GDP growth rate is 0.7 percentage points below the South America average.
15. Explore GDP Growth Rate
Disclaimer:
All data are estimates based on IMF, World Bank,
United Nations and related economic datasets.
Figures may differ from official national statistics.