During 3Q19, Peru's Gross Domestic Product grew at a year-over-year rate of 2.98%, accelerating by 1.79 p.p. compared to the previous quarter. This performance was mainly due to the behavior of internal demand, as there was an increment in the year-over-year growth of 2.24 p.p. with respect to the previous quarter, standing at a year-on-year growth rate of 4.14 %, accompanied by an increase in the year-on-year growth rate of private consumption of 0.82 p.p., up to a rate of 3.29 %. In the labor market, the unemployment rate decreased by 0.56 p.p. with respect to 2T19, reaching 5.75 %. The year-over-year growth rate of employment creation in Peru decelerated by 0.53 p.p. from the previous quarter to 0.23%. The Peruvian Sol depreciated against the dollar when compared to the previous quarter, at an exchange rate of 3.34 S/$. The inflation rate decreased in 3Q19 to 2.00%.
For more information, click here to access the executive executive document in pdf (only avalaible in Spanish).
© GMS Management Solutions, S.L., 2020. All rights reserved. The information contained on this publication is of a general nature and does not constitute a professional opinion or an advisory service. The data used in this publication come from public sources. GMS Management Solutions, SL assumes no liability for the veracity or accuracy of such data.