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.
Nearly six months into the change of government, the probability of president Boluarte completing her presidential term increases despite underlying risks. While initially the scenario of early elections in 2023 seemed more likely (calling for early elections in December 2022, was approved in the first round) Congress, has lost it’s incentive to continue with the process. In fact, as of January 2023, Congress has rejected the initial proposal and failed to reach a consensus on more than the seven presented proposals. The sustained decline in social conflict has contributed to the issue losing priority in the legislative debate.
For now, the possibility of an advancement materializing by the end of this year or early 2024 is becoming increasingly remote.
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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).
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.
