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.
The economic recovery in Q3 has extended into Q4. During Q3, private investment showed clear signs of recovery, with a 4% growth compared to the same quarter in 2023, the highest rate in three years. This increase was associated with a relatively optimistic level of business confidence, lower corporate financing costs, and the progress of large infrastructure projects such as the Chancay port, Line 2 of the Lima Metro, and the expansion of the Lima Airport and the Muelle Norte in Callao. In fact, the machinery acquired for the Chancay port accounted for around a fifth of the growth in capital goods imports in the quarter.
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Analyst
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.
