According to the report issued by the National Institute of Statistics and Informatics (INEI), national production exceeded the initial projection of 3.1% and grew by 3.3% in 2024, the highest GDP growth rate since the pandemic ended.
The President of the Council of Ministers of Peru, Gustavo Adrianzén, has highlighted that the Peruvian economy continues on a path of sustained growth and predicts that in 2025 the Gross Domestic Product (GDP) will again exceed the initial projections, which stand at 3.1%, supported by the dynamism of the country's main productive sectors.
According to the report issued by the National Institute of Statistics and Informatics (INEI), national production exceeded the initial projection of 3.1% and grew by 3.3% in 2024, the highest GDP growth rate since the pandemic ended.
"This growth confirms the strength of our economy and the impact of the recovery policies implemented by the Executive. Our goal is to continue promoting investments and generating formal employment, thereby consolidating the country's economic development," said Prime Minister Adrianzén.
Among the sectors with the best performance in 2024, fishing stood out, with an extraordinary growth of 24.9%, the highest rate in the last seven years. Likewise, the agricultural sector has registered a growth of 4.9%, driven by the advance of agricultural production by 6.79% and livestock production by 1.82%.
The manufacturing sector, for its part, showed an expansion of 3.9% compared to the previous year. Despite a slight decline in December, the construction sector also grew by 3.58%, favoured by the increase in the physical progress of public works by 12%.
"These results reaffirm the Government's commitment to strengthening public investment and supporting productive sectors to ensure their sustained growth," said the head of the Cabinet.
He also said that the Executive will continue to work in a coordinated manner to maintain the pace of growth and exceed expectations for this year.
"We are making progress on policies that will allow us to strengthen key sectors and generate a favorable environment for investment. 2025 is the year of recovery and consolidation of the Peruvian economy, so we are primarily committed to exceeding initial projections this year, consolidating a stronger and more resilient economy," he emphasized.
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