Most leading indicators of economic activity recorded in 2025 showed positive results, particularly those linked to private investment, which became one of the main pillars supporting the economic growth achieved during the year.
The official result is expected to be released in mid-February,
The government official indicated that these results reflect the consolidation of private sector confidence in Peru's economy, a key factor in explaining the economic expansion recorded last year.
"Leading indicators show that private sector investment decisions remained active, which helped sustain economic growth," Miralles explained.
This performance was driven mainly by higher imports for agriculture (52.6%), industry (15.3%), transportation equipment (21.2%), and construction materials (11.6%), reflecting a sustained recovery in productive investment.
Regarding the mining sector, investment is estimated to have exceeded US$5.7 billion in 2025, expanding 15.5%, the highest growth rate since 2021.
This outcome was driven by increased investment in operating projects (Las Bambas), sustaining investments (Southern, Shougang, and Marcobre), and the acceleration of investment linked to projects nearing completion (Buenaventura), reinforcing the sector's strategic role in the national economy.
Country risk
The MEF reported that Peru's country risk remained among the lowest in the region throughout 2025, averaging 145 basis points.
In comparative terms, the country ranked in a more favorable position than economies such as Brazil (210 bps), Mexico (277 bps), and Colombia (311 bps).
Peru was surpassed only by Chile (113 bps), reflecting the strength of its macroeconomic fundamentals.
Last year also saw strong performances in other leading indicators, including a record high in exports, which are estimated to have reached US$86 billion—more than US$10 billion above 2024 levels—as well as preliminary 9.6% growth in electronic sales, the fastest expansion rate since 2022.
"The conditions under which we are closing 2025 are auspicious for Peru's economy and allow for favorable prospects for the coming year, even while acknowledging that it will be a complex period given the political environment," the MEF's head remarked.
Regarding 2026, Minister Miralles said the government is working to preserve economic stability and create conditions that will enable growth to be sustained.
"We are promoting initiatives such as the Debureaucratization Shock, which will help accelerate private investment, and the Fiscal Agreement for Sustainable Growth, through which we seek to build consensus to ensure responsible and predictable fiscal management in the coming years," she pointed out.