In 2026, the Peruvian economy is expected to grow at a faster pace than the average projected for Latin America this year, according to the
According to the document, forecasts indicate that Latin America as a whole will grow 2.2% in 2026.
Meanwhile, Peru's Gross Domestic Product (GDP) will rise 3.4%.
Among the region's largest economies, Argentina would rank second (2.9%), followed by Colombia in third place (2.5%).
Brazil would rank fourth (1.9%), Chile fifth (1.7%), and Mexico sixth (1.2%).
Regional outlook
According to the MMM, Latin America and the Caribbean's GDP would grow by 2.2% in 2026, amid a less favorable external environment, although supported by private consumption and still-favorable terms of trade, with heterogeneous performance across countries.
The MEF explained that regional activity would be constrained by higher energy and fertilizer costs, global trade slowdown, still-restrictive financial conditions, and limited fiscal space.
These factors would mainly moderate investment and exports.
Nevertheless, private consumption would remain somewhat resilient, supported by a strong labor market and a gradual easing of inflation, while favorable terms of trade, driven mainly by minerals, energy, and food, would continue to support the external sector.
At the country level, Peru, Argentina, and Colombia would post relatively favorable performance, supported by domestic demand, a gradual improvement in confidence, and exports.
In contrast, Brazil, Mexico, and Chile would post more moderate growth, constrained by still-high interest rates, weaker external demand, and a more gradual domestic demand recovery.
Projections
On the other hand, the MMM projects that Latin America and the Caribbean's GDP would grow by an average of 2.5% between 2027 and 2030, supported by the dissipation of geopolitical shocks, lower international interest rates, and global trade recovery.
The MEF considered that supply chains normalization would reduce pressures on energy, food, fertilizer, and transportation costs, contributing to a moderation in inflation from 4.4% in 2026 to an average of 3.6% between 2027 and 2030, which would support private consumption recovery.
"These factors would be complemented by improved financial conditions, which would boost investment, while favorable terms of trade for minerals, energy, and food would continue to support external revenues, investment in primary sectors, and fiscal revenue," the MEF forecast through the MMM.
Nevertheless, it stated that structural constraints would continue to limit a more significant acceleration in regional growth.
Low productivity, high informality, infrastructure gaps, low investment levels, and limited fiscal space would keep potential growth constrained, estimated at around 2.3% over the projection horizon by Bloomberg Economics.
"In this context, greater medium-term dynamism would depend on progress in public and private investment, labor formalization, access to financing, and regional integration," the MEF indicated.
Publicado: 1/9/2026