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.
In May, President Dina Boluarte made five changes to the Cabinet. Raúl Pérez-Reyes moved from the Ministry of Transport and Communications (MTC) to the Ministry of Economy and Finance (MEF); retired PNP General Carlos Malaver was appointed Minister of the Interior; engineer César Sandoval Pozo, from the Alianza para el Progreso (APP) party, took over the MTC; and lawyer Juan Alcántara was appointed Minister of Justice and Human Rights following Eduardo Arana’s designation as President of the Council of Ministers.
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Senior 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).
So far this year, the economic recovery appears to have consolidated, with growth becoming more broad-based. Domestic demand has shown solid performance.
