22.08.202517:11:23UTC+00Peru Economy Grows for 6th Straight Quarter

In the second quarter of 2025, Peru's economy witnessed a year-on-year growth of 2.8%, a slight deceleration from the previous period's 3.9% increase. This marks the sixth consecutive year of expansion, bolstered by robust domestic demand, which rose by 6.0%. Private consumption showed some softening, increasing by 2.9% compared to 3.8% in the first quarter, spurred on by rising employment and greater labor income. Government expenditure grew at a slower pace of 3.7%, down from the previous 4.7%, as a result of higher spending in public administration, defense, public education, and healthcare. Gross fixed investment saw a more vigorous rise, climbing 7.8% compared to 4.0% previously, with public investment growing by 3.2% and private investment jumping by 9.8%. In terms of net trade, its contribution to GDP was modest, with exports increasing by 2.7% while imports surged by 13.9%. Sector-wise, growth was predominantly seen in manufacturing/transformation at 3.0%, services at 2.8%, and extractive industries at 1.3%. Adjusted for seasonality, the economy expanded by 0.5%.