The market has been increasing its economic growth projections for 2025 progressively, similar to what happened in 2024, the Ministry of Economy and Finance (MEF) said.
The MEF presented to the Presidency of the Council of Ministers (PCM) the Macroeconomic Projections Update (IAPM) 2025 – 2028 that includes macro -fiscal variables, essential for the multiannual macroeconomic framework.
The MEF recalls that at the beginning of 2024, banks and consultants expected GDP growth of that year of 2.3%, on average, however, between November 2024 and December, 2024, they reviewed up to rates more than 3% of 3% on average.
“In that same line, various institutions are currently adjusting their GDP projections for 2025 on the rise,” he says.
Thus, in April 2025 the market awaits an increase in economic activity in 2025 of 3.1% on average, greater in 0.5 percentage points to the perspectives observed in August of 2024.
He says that the Peruvian economy began 2025 with a good dynamism, when reaching a growth rate of 3.4% in the first two months, driven by the improvement of domestic demand and the greatest primary supply, in addition, the good results of the advanced indicators anticipate that the GDP will remain dynamic in the coming months.
PBI grew 3.4% in the first bimester
The expansion of the GDP of 3.4% in the first bimester, is explained by the good dynamism of the non -primary sectors associated with the strengthening of domestic demand, and the improvement of the primary offer in the face of the greatest agro -export and fishing production, says the MEF.
It is worth mentioning that the economic growth of the first two months occurred despite a negative statistical effect in February 2025 (in 2024, year of the year, the month of February was 29 days).
By the coming months, the economy will remain dynamic, associated with the good results of the advanced indicators, the MEF provides.
For example, electricity production, a highly correlated indicator with GDP, grows 2.8% in the first 23 days of April 2025, after increasing 5.6% in March 2025, its highest rate since February 2024.
Likewise, the indicators associated with investment and consumption have a favorable dynamic.
Capital goods imports grew 21.8% in Nominal FOB values in March 2025, and accumulate twelve months of consecutive growth, for higher purchases of capital goods for industry, goods for agriculture and transport equipment.
Along the same lines, in March 2025, imports of consumer goods grew 19.1%, and accumulate seven months of consecutive growth, and the Big Data index of BBVA consumption increased 10.7%, registering a positive rate for 16 consecutive months.
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(Fin) JJN/JJN
Published: 2/5/2025
