Macchu Picchu Peru

Peru GDP Q4 2023

Peru: GDP records best result since Q1 2023 in Q4

According to a preliminary reading, GDP dropped at a more moderate pace of 0.4% year on year in the fourth quarter, above the 0.9% contraction tallied in the third quarter. Q4’s reading marked the best result since Q1. On a seasonally adjusted quarter-on-quarter basis, GDP bounced back, expanding 0.4% in Q4, contrasting the previous period’s 0.2% decrease. Q4’s reading marked the best result since Q3 2022.

The upturn reflected a broad-based improvement in private consumption, public spending, fixed investment and exports.

Household spending growth sped up, growing 0.2% year on year in Q4 compared to a 0.1% expansion in Q3. Public spending accelerated to a 7.3% increase in Q4 (Q3: +3.0% yoy). Fixed investment slid at a milder pace of 0.3% in Q4, from the 5.9% decrease recorded in the prior quarter. On the external front, exports of goods and services growth picked up to 3.9% in Q4 (Q3: +1.5% yoy). In addition, imports of goods and services bounced back, growing 3.7% in Q4 (Q3: -1.3% yoy).

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest