Peru GDP Growth Rate YoY: February Print Shows Resilient Momentum
Peru’s economy posted a 3.54% year-over-year GDP growth rate in February 2026, according to official data. This marks a slight deceleration from January’s 3.83% but keeps the expansion above the 12-month trend. The latest figures highlight continued resilience, with key sectors sustaining momentum despite global headwinds.
Table of Contents
Big-Picture Snapshot
Drivers this month
- Mining output: +0.22pp
- Services sector: +0.19pp
- Construction: +0.07pp
- Agriculture: -0.03pp
Policy pulse
The 3.54% YoY GDP growth remains above the Banco Central de Reserva del Perú’s medium-term target range of 2.5%–3.0%[1]. Policymakers have signaled satisfaction with the current trajectory, citing broad-based sectoral gains.
Market lens
Peruvian equities saw modest gains on the release, reflecting confidence in sustained economic expansion. The sol held steady against the dollar, while local bond yields edged lower as investors digested the robust data. Market participants continue to monitor sectoral performance for signs of persistent momentum.
Foundational Indicators
Historical context
- February 2026: 3.54% YoY
- January 2026: 3.83% YoY
- December 2025: 1.53% YoY
- November 2025: 3.62% YoY
- 12-month average: 3.19% YoY
Sectoral breakdown
Mining and services led February’s expansion, while agriculture posted a slight contraction. Construction activity contributed positively, albeit at a slower pace than in prior months.
Comparative lens
Compared to September’s 3.41% and October’s 3.18%, the current reading underscores a return to above-trend growth after December’s dip. The economy has now posted three consecutive months above the 3% mark.
Chart Dynamics
Forward Outlook
Scenario analysis
- Bullish: Growth sustains above 3.5% (30% probability) if mining exports and services maintain momentum.
- Base: GDP moderates to 2.8%–3.2% (55% probability) as global demand stabilizes and domestic investment holds steady.
- Bearish: Growth slips below 2.5% (15% probability) if commodity prices weaken or weather disrupts agriculture.
Risks and opportunities
Upside risks include stronger-than-expected mining output and infrastructure spending. Downside risks stem from external shocks and sector-specific slowdowns. The central bank’s data-driven approach will remain key to navigating the evolving landscape.
Methodology and sources
Figures are sourced from the Sigmanomics database and official releases by the Banco Central de Reserva del Perú. GDP is measured at constant prices, seasonally adjusted, and reported on a year-over-year basis.
Closing Thoughts
Market lens
Investors welcomed the above-trend GDP print, reinforcing confidence in Peru’s near-term outlook. The sol’s stability and positive equity moves reflect optimism around continued sectoral gains. Market focus will remain on upcoming data releases and policy signals.
Policy pulse
With growth running above target, the central bank is positioned to maintain its current stance. Policymakers will closely monitor inflation and external conditions to calibrate future decisions.
Key Markets Reacting to GDP Growth Rate YoY
Peru’s robust GDP growth rate has influenced several asset classes. Equity and currency markets responded to the February release, while global investors tracked the sol and related stocks for signals on economic momentum. The following symbols are directly impacted by shifts in Peru’s GDP growth trajectory:
- AAPL — Apple’s supply chain exposure to Latin America makes it sensitive to regional growth trends.
- EURUSD — The euro-dollar pair reflects global risk sentiment, often reacting to emerging market data.
- BTCUSD — Bitcoin trading volumes in Peru have shown correlation with local economic cycles.
| Year | GDP Growth YoY (%) | AAPL Correlation |
|---|---|---|
| 2020 | -11.0 | -0.32 |
| 2021 | 13.3 | +0.41 |
| 2022 | 2.7 | +0.12 |
| 2023 | 2.0 | +0.09 |
| 2024 | 2.6 | +0.15 |
| 2025 | 3.2 | +0.18 |
| 2026 | 3.54 | +0.22 |
Since 2020, periods of above-average GDP growth in Peru have coincided with stronger AAPL returns, reflecting the tech giant’s exposure to emerging market demand.
Frequently Asked Questions
- What is the current GDP Growth Rate YoY for Peru?
- Peru’s GDP Growth Rate YoY for February 2026 is 3.54%, according to official data and the Sigmanomics database.
- How does this month’s GDP growth compare to recent months?
- February’s 3.54% growth is slightly below January’s 3.83%, but remains above the 12-month average and marks the second-highest reading in six months.
- What sectors contributed most to Peru’s GDP growth?
- Mining and services were the primary drivers in February, with construction also contributing positively while agriculture contracted slightly.
Peru’s economy continues to outperform its recent trend, with broad-based sectoral gains supporting above-average growth.
Updated 3/15/26
This has been drafted with AI assistance and then thoroughly reviewed, refined, and approved by our human editorial team to ensure accuracy, and originality.
- Sigmanomics database, Peru GDP Growth Rate YoY, accessed March 15, 2026.
- Banco Central de Reserva del Perú, official GDP releases, 2025–2026.
February’s 3.54% GDP growth eased from January’s 3.83%, but remains above the 12-month average of 3.19%. The latest print marks the second-highest reading in the past six months, trailing only November’s 3.94%.
Volatility has moderated since December’s sharp slowdown to 1.53%. The recent trend signals a stabilization in output, with sectoral contributions broadening beyond mining.