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September 21, 2025
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BCR now expects Peru to grow 3.2% this year

BCR now expects Peru to grow 3.2% this year

He Central Reserve Bank (BCR) updated its projection of economic growth for the Peruvian economy by 2025, passing it from 3.1% (which had in June) to 3.2%.

According to the monetary entity, the agricultural sector will advance 3.7%, and no longer 3.2% as projected a few months ago, while metal mining would expand by 0.5% this year.

Different is the fishing panorama, where estimates fell from 8.6% to 2.8%, as well as hydrocarbons that went from 4% to 3.5%.

In addition, the entity is also more optimistic about the result of private investment, whose growth projection also raised it from 5% to 6.5% by 2025, although by 2026 it kept it at 3.5%.

As for exports, the BCR estimates that this year they mark a record and add US $ 87,066 million. Imports, meanwhile, would reach US $ 56,764 million.

Fiscal rule

On the other hand, the president of the BCR, Julio Velarde, reported that it is estimated that the fiscal deficit this year reaches 2.4% of the gross internal product (GDP). This would mean that the rule that establishes 2.2% of GDP is breached.

By 2026, the BCR projects 2.1%, although the official indicated that there could be uncertainty that has an impact on said projection.

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