Unemployment in Peru

Peru Unemployment | Economic News & Forecasts

Peru - Unemployment

The economy slowed considerably in the final quarter of 2019, held back by ebbing domestic demand. A slump in public capital spending led to a notable deceleration in fixed investment growth, while slower consumer credit extension and a rising unemployment rate translated into softer consumer spending. On a somewhat more positive note, the external sector strengthened, although foreign sales growth remained tame. Turning to the first quarter of this year, the pace of expansion seems to have accelerated but remained modest overall. Public capital spending surged in January-February, underpinning an acceleration in economic activity in January. However, exports fell back in the first month of 2020, while concerns over the impact of the coronavirus outbreak seem to have filtered into survey-based data, as hinted by the sizable drop in business confidence registered in February, and will most likely weigh on the external sector in the near-term.

Peru - Unemployment Data

2014   2015   2016   2017   2018  
Unemployment Rate6.0  6.4  6.7  6.9  6.7  

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Peru Unemployment Chart

Peru Unemployment
Note: Unemployment in % of active population.
Source: Peru National Statistical Institute and FocusEconomics calculations.

Peru Facts

Value Change Date
Bond Yield0.0-0.60 %Nov 08
Exchange Rate3.31-0.06 %Jan 01

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