reported on Friday that domestic demand strengthening—particularly the greater investment dynamism and increased household spending—enabled Peru's economic activity to continue growing between January and November 2025.
Likewise, the economy recorded a 1.5% expansion rate last November.
The MEF stated that the cumulative performance of economic activity confirms a positive trend toward the end of 2025, marked by greater dynamism in investment and private consumption.
"This growth took place in a context of lower inflation, which remained within the Central Reserve Bank's target range, with interest rates in the normalization process, gradual improvements in the labor market, and a more favorable environment for the development of investment projects," Economy and Finance Minister Denisse Miralles indicated.
INEI figures show that national output's performance translated into growth in both primary and non-primary sectors as of November.
Between January and November 2025, growth in primary sectors was led by agriculture (4.9%), driven by higher harvests of agro-export–oriented products such as blueberries, grapes, and avocados, as well as other crops including potatoes and olives.
Likewise, the fishing sector grew 2.3%, mainly explained by higher anchoveta catches during the first half of 2025, while the mining and hydrocarbons sector rose 1.8%, due to increased extraction of minerals such as zinc, copper, gold, silver, and oil.
Meanwhile, non-primary sectors also posted a positive performance, led by the construction sector's expansion (5.9%), driven by increased execution of both public and private investment projects.
In this regard, the trade sector grew 3.5% and services by 3.0%, in response to stronger domestic demand—particularly private spending—supported by improvements in employment and household incomes.
Minister Miralles stated that the figures recorded through November set a favorable starting point for 2026, with prospects for continuity and economic growth consolidation.
"We are implementing measures such as the Debureaucratization Shock to cut red tape and make it easier for public and private investment to continue boosting the economy and generating jobs," she underscored.
In this context, the government reaffirmed its commitment to consolidating economic growth, strengthening business confidence, preserving fiscal sustainability, boosting private investment, and promoting State modernization.
These efforts aim to accelerate the creation of formal employment, boost productivity, and continue improving the well-being of Peruvian families.