Peru's 2016 gross domestic product (GDP) increased at a 4% rate instead of the previously reported 3.9% pace, Central Reserve Bank said on Tuesday.
Announcement was made after the National Institute of Statistics and Informatics (INEI) released its upward revision of GDP for 2016.
Corrected data were backed by favorable adjustments in manufacturing
Accordingly, primary sectors expanded 9.9% in 2016 and non-primary ones
Economy maintains recovery pace
On the other hand, BCR affirmed Peruvian economy maintained recovery pace in June, seeing a 3.6% rise
and marking 95 straight months of growth.
The increase was also helped by fishmeal/oil and fishing sectors —with the latter experiencing high rates due to anchovy catches— among others.