Unemployment in Peru

Peru Unemployment | Economic News & Forecasts

Peru - Unemployment

The economy seems to have lost steam in the second quarter, following a subdued first quarter. After stalling in April, activity expanded weakly in May. Moreover, in April-May, the external sector was unsupportive, as merchandise exports shrank markedly. That said, a lower unemployment rate and healthy household credit growth suggest consumer spending was resilient in the quarter. On the fiscal front, the 12-month rolling budget deficit in June inched up to 1.5% of GDP from May’s 1.4%; however, it was still much lower than the 2.2% figure recorded in June 2018. On the political front, on 28 July, President Martín Vizcarra announced he will submit a proposal to end the legislative and presidential terms of office in 2020, a year earlier than scheduled. The move comes as the opposition-controlled Congress has so far blocked his attempts to pass political reform packages, and increases political uncertainty.

Peru - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate5.9  6.0  6.4  6.7  6.9  

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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

Bond Yield5.43-0.60 %Oct 15
Exchange Rate3.30-0.06 %Jul 31
Stock Market19,957-0.23 %Jul 31

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