Finance Minister: Peru's economy could grow above 3.2% in 2026

Photo: ANDINA/Jhonel Rodríguez

Photo: ANDINA/Jhonel Rodríguez

12:21 | Lima, Feb. 5.

Economy and Finance Minister Denisse Miralles stated on Thursday that Peruvian gross domestic product (GDP) could grow by more than 3.2% this year.

"Our growth projection for this year is initially 3.2%, but we believe the country can achieve more if we work on lines of action focused on competitiveness and the acceleration of private investment, mainly," the government official indicated.

"For this sustained growth, strengthening domestic demand through higher private spending is one of the assumptions we are considering in our projection, together with low inflation, easing financing costs for new investment projects in our portfolio, in addition to boosting exports," she added.

During a follow-up meeting on progress under the Government General Policy, Minister Miralles recalled that Peru's economic activity recorded 3.4% growth as of November 2025.

The Cabinet member said the increase was boosted by resilient private consumption and stronger domestic demand.

"With regard to economic activity, we have presented it in our pre-election plan, a document that is always prepared to serve as a reference for candidates' government plans. Between 2021 and 2025, Peru grew at an average rate of 4.5%," the minister emphasized.

"However, we need to take a leap to tackle informality and build competitiveness in order to harness price cycles, so that our country can grow at rates above 5% or 6%," Miralles stated.

"With regard to private investment, projects worth over US$16 billion have been consolidated in our country; mining investment stands out after growing 6.5% annually, driven by major projects that have finally come to fruition," she added.

Minister Miralles underscored the importance of the current government leaving a roadmap for the country's next authorities, so they can incorporate immediate actions into their economic policies aimed at strengthening competitiveness and boosting sustainable growth.

"We have spent several years losing the ability to build a competitive economy across multiple sectors. Certainly, we have taken some steps, but I believe we still face a fairly significant task," she concluded.

(END) CNA/MVB

Published: 2/5/2026