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Peru GDP Annual Growth Rate

Peru's GDP annual growth rate rose to 3.3% in 2024, up from -0.4% in 2023, according to World Bank. This represents an increase of 3.7% from the previous year. Peru has GDP annual growth rate higher than the global median (3.30% vs median 3.24%). Compared with the median in Americas, Peru is higher (3.30% vs regional median 3.27%) and ranks 22nd out of 44 countries in Americas.

Peru's real GDP rose to $229.64 billion in 2024, up from $222.3 billion in 2023.

Yearly Historical Data (1961-2024)

(in %)
Year GDP Annual Growth Rate (%)
2024 3.3%
2023 -0.4%
2022 2.81%
2021 13.36%
2020 -10.93%
2019 2.24%
2018 3.97%
2017 2.52%
2016 3.95%
2015 3.25%
2014 2.38%
2013 5.85%
2012 6.14%
2011 6.33%
2010 8.33%
2009 1.1%
2008 9.13%
2007 8.52%
2006 7.53%
2005 6.29%
2004 4.96%
2003 4.17%
2002 5.45%
2001 0.62%
2000 2.69%
1999 1.49%
1998 -0.39%
1997 6.48%
1996 2.8%
1995 7.41%
1994 12.31%
1993 5.24%
1992 -0.54%
1991 2.22%
1990 -4.98%
1989 -12.31%
1988 -9.44%
1987 9.73%
1986 9.43%
1985 2.06%
1984 3.61%
1983 -10.41%
1982 -0.22%
1981 5.55%
1980 5.94%
1979 4.09%
1978 -2.64%
1977 0.35%
1976 1.45%
1975 4.3%
1974 9.39%
1973 6.28%
1972 3.48%
1971 4.59%
1970 3.37%
1969 3.51%
1968 0.15%
1967 3.85%
1966 8.24%
1965 5.62%
1964 6.55%
1963 4.33%
1962 10.04%
1961 7.35%
Peru GDP Annual Growth Rate : Definition
GDP Annual Growth Rate measures the yearly percentage change in Peru's total economic output.
Indicator Last Value Prior Value Period
GDP $289.22B $266.96B 2024
GDP Growth Rate (QoQ) 0.5% 0.3% Jun'25
GDP Growth Rate (YoY) 2.9% 3.9% Jun'25
GDP per Capita $6,711.19 $6,568 2024
GDP per Capita PPP $15,661.75 $15,327.58 2024
R&D Expenditure (% GDP) 0.16% 0.14% 2022
Real GDP $229.64B $222.3B 2024