Peru’s Economy Soars 3.9 Percent in Early 2025

2025-05-26 03:49:42

(MENAFN) Peru’s economy grew by 3.9 percent in the first quarter of 2025, fueled primarily by robust expansion in manufacturing, services, and mining, according to a report released Friday by the National Institute of Statistics and Informatics (INEI).

The INEI’s Peruvian Economy Performance report highlighted that domestic demand climbed 4.4 percent, supported by a sharp 9.7 percent increase in gross fixed investment and a 3.9 percent rise in overall consumption.

Quarter-on-quarter, seasonally adjusted GDP increased by 0.6 percent.

Exports of goods and services surged 14.2 percent compared to the same period last year, driven largely by shipments of grapes, natural gas, fishmeal, and zinc. Meanwhile, imports jumped 15.5 percent, propelled by greater imports of vehicles, machinery, fuel, and industrial products.

Broad-based gains were recorded across diverse sectors such as agriculture, fishing, mining, manufacturing, construction, commerce, transportation, hospitality, telecommunications, and business services.

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