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Peru’s Economy Surges 3.62% in October 2025: Mining, Construction, and Trade Drive Growth in Key Sectors
During the month of October 2025, Peru’s economy expanded 3.62% over the same period in 2024. This October’s increase in Peru’s economy over the prior period is most likely due to the healthy performance of the economy’s various sectors: mining, hydrocarbons, trade, manufactured goods, construction, and various services. The National Institute of Statistics and Informatics reports that this is the 22nd straight month of sustained economic expansion for Peru, and the performance in the month of October has solidified this sustained expansion.
Continued economic expansion and growth in all economic sectors is particularly noteworthy. The Division of National Production in the INEI reports that there was growth in the following economic sectors: mining, hydrocarbons, trade, construction, and services. These growing sectors of the economy were central to Peru’s economic recovery. Being 70% of the economy for October, we can see the importance of the mining and construction sectors of the economy, and the strength in the trade and service sectors.
In addition to the stronger sectors, services such as government services, transportation, storage, courier services, and accommodation also contributed to the economy’s positive trajectory. Agriculture and livestock, two of the most important industries in Peru, also recorded growth, alongside key services such as electricity, gas, and water, further showcasing a diverse range of growth across multiple industries.
The Central Reserve Bank (BCR) had estimated a growth rate of around 4% for October, which aligns closely with the actual data released by INEI. This consistent growth over the last several months signals a strengthening of the national economy, supported by the government’s efforts to stimulate various sectors of the economy.
Economic Performance Breakdown: Key Sectors Contributing to Growth
The INEI data reveals that Peru’s economic performance in October 2025 was broad-based, with several key sectors showing positive growth rates. Notably, mining and hydrocarbons led the charge with a 6.81% increase, benefiting from global demand for natural resources and ongoing exploration activities. Similarly, the manufacturing sector grew by 3.06%, driven by the steady demand for industrial goods and the country’s competitive position in various markets.
The construction industry also experienced strong performance, increasing by 4.39%, reflecting ongoing investments in infrastructure and urban development across the country. The trade sector registered a 4.09% growth, as consumer demand remained robust, and international trade continued to thrive.
Furthermore, sectors such as transportation, storage, and courier services grew by 3.95%, while the services provided to companies increased by 3.76%. These sectors are essential for the smooth functioning of Peru’s economy, particularly as businesses continue to recover from the global disruptions of the past few years.
Among other sectors, agriculture and livestock grew by 1.88%, while the fishing industry showed an impressive 25.7% increase, reflecting the recovery of the industry and the ongoing success of Peru’s fishing exports. Similarly, accommodation and restaurant services grew by 2.86%, signaling a strong recovery in Peru’s tourism and hospitality industries.
Economic Growth Sustained Through 2025: Stronger than Expected Results
As of October 2025, Peru’s economy had expanded by 3.36% during the first ten months of the year compared to the same period in 2024. The nation’s consistent growth rate underscores the resilience of its economic foundations. When looking at the 12-month period from November 2024 to October 2025, the growth rate was even more impressive at 3.66%. This reinforces the idea that Peru’s economy is on a steady upward trajectory, with robust performance across diverse sectors.
This marks 22 consecutive months of expansion, a testament to the country’s ability to weather economic challenges and emerge stronger. Peru’s performance in the global economic landscape has remained strong, particularly as industries like mining, agriculture, and manufacturing continue to be pillars of its economy.
The Finance and Insurance sector, however, remained relatively stable, with no significant change in performance compared to the same period in 2024. While this sector didn’t register a substantial growth, its consistency is valuable as it provides stability in the national economic outlook.
October 2025 Economic Growth by Sector:
| Sector | Growth (%) |
|---|---|
| Agriculture and Livestock | 1.88% |
| Fishing | 25.7% |
| Mining and Hydrocarbons | 6.81% |
| Manufacturing | 3.06% |
| Electricity, Gas, and Water | 3.75% |
| Construction | 4.39% |
| Commerce | 4.09% |
| Transportation, Storage, and Courier | 3.95% |
| Accommodation and Restaurants | 2.86% |
| Services Provided to Companies | 3.76% |
| Government Services | 4.45% |
| Finance and Insurance | 0.00% |
Outlook: What Does This Mean for Peru’s Future?
The growth potential for Peru’s economy is good, which is no small feat, given the inflation and uncertainty surrounding the global economy. Peru shows good potential growth to 2026, and even strong potential growth, given the sector of the economy, particularly mining, hydrocarbons and construction, which exhibit strong prospects, the growth could be substantially above 6%. Solid growth in the key sectors will improve the ability of the economy to stabilize, particularly given the new and innovative the government business sector promotion and new infrastructure build.
On the back of the 3.62% in October, the economy expanding 12 months in a row puts the economy solidly on the resilient and growing part of the economy line. Expansion in mining, hydrocarbons, trade and manufacturing, have created Peru’s solid foundation. Resilient growth means for the future means Peru is solidly part of the global the global economy in a meaningful way and means for Latin America it will be growing and expanding its economy in a strong way.
The sectors most likely to Entrepreneur and business expansion is Peru’s strong sector and the Education and Health sector, so too will its economic expansion. Peru’s economic growth is likely to continue in 2026 and beyond with a strong demand for its key sectors and a strong positive outlook.
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