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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Authors
Santiago Tellez
Securities
CopperXAU
Themes
Macroeconomic ResilienceMonetary Policy PivotPolitical Risk
Regions
Latin AmericaPeru
