Unemployment in Peru

Peru Unemployment | Economic News & Forecasts

Peru - Unemployment

Economic growth likely cooled somewhat in the fourth quarter of 2019, after accelerating in the third quarter on the back of both stronger public and private consumption amid sustained job creation and robust credit growth. In October-November, the expansion in economic activity slowed and the external sector continued to show weakness. With one eye on this month’s election and in a bid to stimulate growth via public investment, the government approved an emergency decree at the end of December to extend the deadline for reducing the country’s fiscal deficit to 1.0% of GDP from 2021 to 2024. On 14 January, the Constitutional Court ruled that President Vizcarra’s decision to dissolve Congress and call early parliamentary elections on 26 January was constitutional—a clear win for the president.

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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