Peru’s GDP expanded by 3.68% year-on-year in February 2026, accelerating from 3.54% in January and surpassing market expectations of 3.1%. Despite ongoing political instability and the recent elections held last Sunday, growth was broad-based across most sectors.
The main contributors were construction (8.9%) and commerce (6.06%), supported by increases in agriculture (0.71%), manufacturing (2.74%), transportation (4.1%), public administration and defense (3.57%), business services (4.05%), restaurants and hotels (7.22%), telecommunications (0.57%), and electricity, gas, and water (2.99%).
By contrast, the strategically important mining and hydrocarbons sector contracted by 1.11%. Fishing also declined, by 5.2%, while financial services edged down 0.25%.
On a monthly basis, the seasonally adjusted production index slipped by 0.01%, reversing the 0.63% increase recorded in the previous month. Over the March 2025–February 2026 period, overall economic activity rose by 3.44%.
