Peru’s economy grew 3.21% year-on-year in March 2026, exceeding market expectations of 2.2%, though slightly below the 3.68% expansion recorded in February. Growth was primarily supported by robust performances in construction (15.65%), trade (4.13%), other services (3.98%), and manufacturing (3.60%). Additional positive contributions came from public administration and defense (4.40%), accommodation and restaurants (4.94%), business services (3.49%), transportation (1.77%), telecommunications (1.08%), and utilities (1.33%).
On the downside, mining and hydrocarbons contracted by 4.56%, while fishing (-12.51%), financial services (-0.79%), and agriculture (-0.48%) also registered declines. Overall, Peru’s economy expanded 3.53% in the January–March period and 3.40% over the twelve months through March 2026.
