Peru’s economic growth moderated at the start of 2026, with gross domestic product expanding 3.54% year-on-year in January 2026, down from a revised 3.83% year-on-year increase recorded in December 2025. The latest data, updated on 15 March 2026, highlight a slight loss of momentum as the new year began.
Both figures are calculated on a year-over-year basis, comparing each month with the same month a year earlier. While the December 2025 reading reflected relatively stronger activity, January’s softer performance suggests a mild cooling in growth conditions, though GDP remains on an expansion path.
The January result will be watched closely by markets and policymakers as they assess whether the slowdown is temporary or the start of a broader shift in Peru’s growth trajectory in 2026.
