Gross Domestic Product increased 2.8% during the second quarter of 2025 and during the first semester of 2025 by 3.3%

The National Institute of Statistics and Informatics (INEI) informed that during the second quarter of 2025, the Gross Domestic Product experienced a growth of 2.8%, compared to the same quarter of the last year. In addition, it stated that during the first semester of this year, the productive activity increased 3.3%, compared to the same period of the last year.

The technical report Behavior of the Peruvian Economy during the Second Quarter of 2025 stated that this positive result answered to an expansion of the private investment (9.8%) and the total final consumption (of government and of families), by 3.0%. This behavior was occurred in a context of greater growth of the added value of the transformation (3.0%) and services (2.8%) activities, compared to the extractive activities (1.3%).

On the other hand, it was informed that the seasonally adjusted GDP increased 0.5% during the quarter under analysis, compared to the immediately preceding quarter.

During the second quarter of 2025, the real private final consumption expenditure increased by 2.9% compared to the same period the last year. The nominal private final consumption expenditure represented the 60.9% of the Gross Domestic Product, reaching a total amount of 181 thousand 320 million of Soles.

According to the results of the Permanent Survey of National Employment (EPEN), the employed population increased by 0.8%, due to the increase of the urban employment (0.9%); as well as the incomes from work (8.0%).

According to the National Household Survey (ENAHO), the expenses in foods consumed within the household, in nominal terms, grew by 4.1%, registering increases in the following products: Prepared foods (13.7%); coffee, tea and cacao (12.7%); fish (7.8%); meat (6.1%); legumes and vegetables (4.5%); non-alcoholic beverages (4.1%); bread and cereals (4.0%); oils and fats (3.8%) and fruits (2.7%).

During the second quarter of 2025, the Government Final Consumption expenditure totalized 3.7%, compared to the same period of the last year. In this positive performance, influenced the growth of the consumption in Public and Defense Administration (3.8%), Public Education (4.0%) and Public Health (2.7%).

From April to June of this year, the gross fixed capital formation grew by 7.8%, compared to the same period of the last year, due to the growth of the construction (4.8%) and the greater purchases of machines and equipment (13.1%). The private investment grew by 9.8%, before the greater execution of residential and non-residential works; according to reports of the Ministry of Energy and Mines, the mining investment grew in nominal terms by 8.8%, mainly driven by the greater investment in the areas of infrastructure (26.9%); exploration (12.8%); plant and benefit (8.0%) and development and preparation (1.2%); likewise, the public investment increased by 3.2% before the greater investment of the General Government, in projects associated to the construction of road infrastructure, medical facilities and other different structures.

Exports and imports of goods and services registered a positive behavior
During the second quarter of 2025, the exports of goods and services grew by 2.7% compared to the same period of the last year; at the same time, the imports of goods and services, at constant prices of 2007, increased by 13.9%.

By economic activities, during the second quarter of 2025 the following results were obtained:

The gross value added of the Agribusiness, Livestock, Hunting and Silviculture grew 2.8%, compared to the same quarter of the last year; driven by the agriculture (2.7%) and livestock (2.9%) subsectors.

The fishing and aquaculture activity decreased by -4.3%, compared to the second quarter of 2024, due to the reduction of the marine fishing (-6.3%), nevertheless, the continental fishing increased (33.1%).

The GDP of the Extraction of Oil, Gas, Minerals and Related Services increased 0.6%, compared to the same quarter of the last year, as a result of the greater production of minerals and related services (1.5%); counterbalance by a lower extraction of crude oil, natural gas and related services (-4.7%).

The Manufacturing activity increased by 2.1%, compared to the same period of the last year, driven by the positive performance of the industries: food (4.8%), textile and leather (2.4%) and basic metals industries (1.3%), mainly.

The Electricity, Gas and Water activity, grew by 2.1% compared to the second quarter of 2024, due to the increase of the production of electricity and gas (2.8%) subsector; in contrast, the water subsector decreased (-1.2%).

The gross value added of the Construction activity increased by 4.8%, compared to the same period of the last year, based by the greater execution of works in the private and public sector.

The Commerce activity increased by 3.0%, compared to the same period of 2024, due to the growth of the wholesale and retail commerce subsectors (2.8%), as well as services of maintenance and repair of automotive vehicles (5.6%).

During the second quarter of 2025, the gross value added of the activity transportation, storage, postal and courier grew 4.9% compared to the same period of the last year, explained by the favorable performance of the transportation (4.8%) and storage, postal and courier (6.5%) subsectors.

The activity accommodation and restaurants increased by 2.5% compared to the same period of the last year, due to the growth of the accommodation (5,1%) and restaurants (2.3%) subsectors.

The GDP of the activity of telecommunications and other services of information decreased -1.2%, due to the contraction of telecommunications (-0.8%) and other services of information (-4.0%).

The activity financial, insurance and pensions services reduced -0.3% compared to the same period of the last year, mainly due to the lower dynamism of financial services (-1.1%); nevertheless, the services of insurance companies (2.7%) and pension fund administrators (5.1%) increased.

Gross Value Added of the activity services provided to companies increased 3.2% compared to the second quarter of 2024, as a reflect of the greater business demand by services of support.

The Public Administration and Defense activity increased by 4.2% due to the increase in the added value of the following sectors: judicial branch, of the interior, justice, defense and mainly public ministry.

Gross Value Added of the activity other services grew by 3.8% compared to the same period of 2024, due to the favorable performance of all activities that make it up.