Peru recorded economic growth of 3.4% in 2025, in line with official estimates from the
, consolidating the economic recovery and reaffirming the strength of the country's macroeconomic fundamentals.
According to the National Institute of Statistics and Informatics (INEI), this outcome marked a second consecutive year of expansion for the Peruvian economy, amid stronger domestic demand, private investment recovery, and increased public works execution.
"The economic performance recorded in 2025 confirms a solid and orderly recovery for our country and consolidates the foundations for sustained expansion in the coming years. These results place us among the most dynamic economies in the region," Economy and Finance Minister Denisse Miralles stated.
The GDP expansion recorded in 2025 was driven primarily by strong momentum in non-primary sectors.
Growth was led by construction (6.7%), trade (3.6%), services (3.0%), and non-primary manufacturing (1.9%), boosted by a rebound in private investment, faster execution of public investment, and improved household consumption, which supported higher job creation.
Within primary sectors, agriculture grew 4.8%, marking a second consecutive year of growth, supported by larger harvests of blueberries, grapes, avocados, coffee, and potatoes, as well as greater momentum in the livestock subsector.
Fishing increased 2.9%, driven by higher landings for direct human consumption, while mining and hydrocarbons rose by 1.4%, supported by increased production of copper, zinc, and silver.
Minister Miralles underscored that the expansion observed reflects the strength of Peruvian macroeconomic fundamentals.
"Responsible fiscal policy, sound monetary management, and a high level of international reserves have made it possible to sustain economic stability, even amid a still challenging international environment," she indicated.
In December 2025, economic activity grew by 3.8%, despite a strong adverse base effect (December 2024: 5.1%), accumulating 21 consecutive months of expansion.
That month saw particularly strong momentum in construction (12.0%, the highest rate since January 2024) and non-primary manufacturing (6.0%, the strongest since October 2024), alongside growth in trade (4.9%) and services (3.3%), in line with domestic demand recovery.
The MEF's head said the Peruvian economy will continue to lead economic growth among countries in the region in 2026.
This outlook is consistent with the strong performance of economic activity indicators in the first month of the year.
Last January, electricity demand grew 3.9% year on year, accelerating from December (2.4%) and November (0.9%), pointing to solid performance in productive activity.
Likewise, imports of capital goods rose 11.6% in January, accumulating 22 consecutive months of growth, reflecting business confidence and stronger investment decisions.
In parallel, imports of consumer goods increased by 10.6% in January, marking 17 consecutive months of expansion, while the big data consumption indicator posted growth of 18.3%, extending its positive streak to 26 straight months.
"Stability and macroeconomic discipline are indispensable conditions for attracting investment and sustaining it over time. From the Ministry of Economy and Finance, we continue fostering measures to unblock public–private projects, strengthen business confidence, and improve state efficiency, with the aim of generating more formal employment and raising productivity," the minister emphasized.
The government thus reaffirmed its commitment to consolidate economic growth, preserve fiscal sustainability, as well as promote clear and predictable rules that foster competitiveness and improve Peruvian families' well-being.