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Goldman Sachs

May 24, 2026

Peru Real GDP Growth Q1 2026

Quarterly UpdateMacro Economic IndicatorsRates Govt BondsCommoditiesIndustrialsMaterials

Peru's GDP grew a strong 1.0% qoq sa in 1Q2026, leading Goldman Sachs to raise its 2026 growth forecast to 3.3%. However, slowing momentum entering Q2 and a positive output gap may prompt the central bank to hike rates if inflation surprises to the upside.

Key Takeaways

  • 1.Peru's economy grew by a robust 1.0% qoq sa in 1Q2026, marking a significant acceleration from the previous quarter.
  • 2.The composition of growth was strong, driven by domestic demand which grew 1.5% qoq sa, specifically via consumption and fixed investment.
  • 3.Goldman Sachs raised its 2026 GDP growth forecast for Peru by 20bp to 3.3%.

Table of Contents

  • BOTTOM LINE
  • KEY NUMBERS (1Q2026)
  • DETAILS
  • Disclosure Appendix
  • Reg AC
  • Disclosures
  • Global product; distributing entities
  • General disclosures

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