Growth update

18 August 2018

GDP for the first six months of the year expanded by 4.3% compared with the same period last year, according to data published last week by the Central Bank. The increase represents a return to normality after the downturn registered in the first half of 2017 as a consequence of the disruption caused by the El Niño weather phenomenon. Sectors like fishing, agriculture and construction saw significant increases in output, whilst mining and hydrocarbons saw a slight contraction.

GDP expansion in the first half was boosted by monthly growth in April and May (7.8% and 6.5% respectively), precisely the months worst affected by El Niño last year. Growth in June, as against June 2017, saw a slump in the growth rate to only 2%. Most analysts seem to think that growth this year will be between 3.5% and 4%. This compares with 2.3% in 2017. For more detail, go to 

All news

  • PSG Aims

    The Peru Support Group exists to promote social inclusion, sustainable development and the observance of human rights in Peru. To that end the PSG highlights shortcomings in observance of established norms, whether international or local in nature, in its research, advocacy and publications. In so doing, it underscores the relationships that exist within the political system, how institutions work, and the effectiveness of policies that aim to reduce poverty and inequality within the context of sustainable development.

  • Historical Overview

    Over the past century Peru has suffered a series of autocratic governments and a civil war in which nearly 70,000 people died. Many of the country's ongoing political and social problems are a legacy of its somewhat turbulent past. 

  • Human Rights

    Human rights violations were widespread during the twenty years after the initiation of armed conflict in 1980. Efforts to convict perpetrators since the war's end have made only limited progress. Today, concerns remain over the treatment of those engaged in social protest, particularly against strategically important investment projects.

  • Why join the PSG?

    • Keep up to date with latest news and developments in Peru
    • Learn about key issues of poverty, development and human rights in Peru
    • Support the work of the Peru Support Group

    Become a member