In 2026, the Peruvian economy will grow by 3.2%, a pace similar to that of 2025, despite electoral risks
In the third quarter of 2025, the economy grew by 2.5%, a slower pace than that observed in the first months of the year.
During the first half of the year, GDP grew at an average rate of approximately 2.5%, driven mainly by the rebound in activity in the primary sectors.
However, the recovery in non-primary sectors linked to domestic demand remains modest, given that families have not yet perceived significant improvements in their financial situations. At APOYO Consultoría, we anticipate that the recovery in the sectors most closely linked to household consumption, especially in non-essential spending categories, will be more pronounced in the second half of the year.
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Partner and principal economist
In the third quarter of 2025, the economy grew by 2.5%, a slower pace than that observed in the first months of the year.
This month, President Dina Boluarte’s cabinet demonstrated resilience in the face of criticism over leaked audio recordings implicating Ministers Eduardo Arana (PCM) and Juan José Santiváñez (Interior).
The Government’s main allies, Fuerza Popular and APP, leveraged the crisis triggered by the murder of 13 mine workers in Pataz to strengthen their influence over ministerial appointments.
