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.
So far this year, the economic recovery appears to have strengthened, with growth becoming more broad-based.
Domestic demand has performed well. In the first quarter, it grew by 6%, driven by a nearly 9% increase in private investment and an approximately 4% rise in private consumption. This has translated into growth in sectors such as trade, services, and construction. Likewise, it has supported the recovery of lagging markets—such as microenterprise credit and self-construction—which have started to grow this year after a poor performance in 2024.
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Head of the Business Advisory Service
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.
