Peru’s economy expanded 2.8% year-on-year in Q2 2025, slowing slightly from 3.9% growth in the previous period and marking the sixth consecutive yearly expansion, supported by strength in domestic demand (6.0%).
Private consumption eased (2.9% vs 3.8% in Q1), driven by higher employment and increased labor income.
Government spending also eased (3.7% vs 4.7%), fueled by higher expenditures on public administration and defense, as well as on public education and public health.
Gross fixed investment increased faster (7.8% vs 4.0%), with public and private investment rising by 3.2% and 9.8%, respectively.
Meanwhile, net trade contributed modestly to GDP, as exports rose 2.7% and imports increased 13.9%.
By sector, output grew mainly in manufacturing/transformation (3.0%), services (2.8%), and extractive industries (1.3%).
On a seasonally adjusted basis, the economy grew by 0.5%.