Peru’s economy continues to strengthen following the results recorded in January 2025. According to the
, GDP grew by 4.1% that month, marking 10 consecutive months of expansion.
Economic growth in January 2025 was boosted by both primary and non-primary sectors, the government agency noted.
Primary sectors grew by 4.5%, marking three consecutive months of expansion, with notable increases in the fishing sector (23.5%) and primary manufacturing (17.2%), driven by higher anchoveta catch.
The agricultural sector rose by 3.2%, supported by the growth of export crops (grapes and mangoes) and increased poultry production.
Similarly, mining production increased by 3.2% for the second consecutive month, propelled by enhanced copper, molybdenum, and silver extraction.
Meanwhile, non-primary sectors continued to expand, reaching a 4% growth rate and marking 10 consecutive months of growth, supported by increased investment activity and household consumption recovery.
On the other hand, the construction sector grew by 4.1% after two consecutive months of decline, boosted by increased public investment.
The trade (3.2%) and services (3.5%) sectors remain dynamic, explained by improved household spending, in line with higher job creation.
Non-primary manufacturing grew by 1.7%, marking seven consecutive months of growth due to higher production of consumer goods, capital goods, and export-oriented products.
Leading investment and consumption indicators suggest that economic activity will remain dynamic in the coming months, the MEF forecast.
"For example, FOB imports of capital goods grew by 8.6% in February 2025 due to higher imports of construction materials and transportation equipment, marking 11 consecutive months of growth," it noted.
Similarly, consumer goods imports increased by 19.2% in February 2025, marking five consecutive months of growth.
Meanwhile, the BBVA's big data consumption index rose by 5.2% in February 2025, recording a positive rate for 15 consecutive months.
"Within this framework, the National Government reaffirms its commitment to further boosting economic activity and strengthening a favorable investment environment," the MEF stated.
"To this end, it will continue implementing measures aimed at streamlining regulatory processes, strengthening business confidence, attracting new investments, and creating more employment and development opportunities for all Peruvians," it concluded.