on Friday highlighted the resilience and strength of Peru’s macroeconomic fundamentals, which helped the
, according to official data from the National Institute of Statistics and Informatics (INEI).
"These factors enabled the economy to continue growing despite the presence of supply shocks, such as the development of El Niño, the temporary interruption of gas supply, and the conflict in the Middle East," it noted.
As a result, Peru achieved 24 consecutive months of GDP expansion and 3.5% growth in the first quarter of 2026.
The MEF estimated that, without the impact of temporary shocks, the economy would have grown by around 3.8% in March 2026.
Minister Rodolfo Acuña explained that this result forms part of the Government’s efforts to promote policies aimed at maintaining productivity, unlocking investments, as well as consolidating sustainable and inclusive growth that translates into more formal jobs, higher incomes, and greater well-being for Peruvian families.
"The Government reiterates its commitment to sustaining economic growth through macroeconomic stability preservation, investment promotion, and strategic projects continuity," it noted.
It is worth noting that 3.2% GDP growth in March 2026 was driven by the strong performance of non-primary sectors, supported by higher domestic demand, particularly solid private investment dynamism.
This progress helped offset the decline in primary sectors, which were the most affected by supply shocks.
Non-primary sectors grew 4.6%, driven by the dynamism of domestic demand, particularly investment and private spending.
The construction sector increased 15.7%, marking 11 consecutive months of growth, driven by higher private and public investment.
In the same vein, non-primary manufacturing rose 1.3%, supported by the strong performance of industries linked to mass consumption and inputs, such as furniture and wood products, bakery goods, and dairy products, as well as higher production of ships and floating structures.
Likewise, the trade and services sectors continued expanding, posting growth rates of 4.1% and 2.8%, respectively, supported by improvements in the labor market, higher household spending, and lower financing costs.
Meanwhile, primary sectors recorded a 1.7% decline in March 2026, marking two consecutive months of contraction, affected by temporary supply shocks.
The agricultural sector declined 0.5%, explained by lower crop production for the domestic market, such as rice, paprika, and olives, as well as reduced output of export-oriented crops, including coffee and cacao.
The fishing sector fell 12.5% due to lower extraction of species for indirect human consumption, particularly anchovy in the southern zone.
The hydrocarbons sector contracted 35.4%, the steepest decline on record due to the interruption of Camisea gas transportation.
On the other hand, mining posted slight growth of 0.1%, affected by lower grades of molybdenum, zinc, and gold at some production units.