"Private investment is expected to grow at an average rate of 3.2% due to the boost in mining investment in line with the start of construction of new mining projects in a scenario of regulatory improvements promoted for exploration," the Ministry of Economy and Finance indicated.
The Multiannual Macroeconomic Framework 2025-2028, published this Friday by the Peruvian Ministry of Economy and Finance (MEF), projects that Peru's gross domestic product (GDP) will grow 3% between 2026 and 2028, due to a greater increase in private investment.
“Between 2026 and 2028, a GDP growth rate of 3% is projected, favored by the boost in domestic demand, with higher private spending standing out. A higher growth in private investment is highlighted, which would reach an average rate of 3.2% due to the boost in mining investment in line with the start of construction of new mining projects in a scenario of regulatory improvements promoted for exploration,” he indicated.
“Non-mining investment would maintain a favorable dynamic, supported by the gradual implementation of awarded public-private partnership (PPP) projects, the energy sector project portfolio, and greater irrigation infrastructure and port activity such as Chancay,” he added.
The MEF said that total exports will remain dynamic due to the increase in the primary mining and fishing supply, in addition to the improvement in external demand for products with higher added value, and the favorable dynamics of service exports.
"The Government will continue to promote measures that will allow economic growth to be sustained in the medium term, through an increase in productivity and the strengthening of the competitiveness of the economy. For example, port projects such as Chancay will be promoted, as well as improvements and expansions in the Port of Callao, which will position Peru as the main logistics center of the region," he said.
“These projects will reduce transportation costs, create value and distribution chains, generate new market opportunities and reduce the price of imports. The port transformation will amplify investments in various sectors, from logistics to manufacturing and services, taking advantage of the increase in international trade,” he added.
"In this same vein, we will continue to develop irrigation projects such as Alto Piura, Chinecas, Chavimochic III and Majes Siguas II, which will help boost the agricultural sector and stimulate agricultural exports," he said.
Productivity and competitiveness
The Multiannual Macroeconomic Framework 2025-2028 indicates that the National Competitiveness and Productivity Plan will continue to be promoted through the development of new growth drivers, within the framework of a commitment to productive diversification of the economy.
"In addition, through executive committees, we will seek to eliminate restrictions or 'bottlenecks' that affect the productivity of a sector or a value chain, through transparent mechanisms," he said.
Furthermore, as part of Peru's incorporation into the Organization for Economic Cooperation and Development (OECD), the Government is implementing measures to ensure that our country achieves high standards in public policies that help advance economic and social development goals.
"It is important to mention that, in the projection horizon, Peru will continue to be one of the countries with the highest economic growth in the region and solid macroeconomic fundamentals," he said.
