Economy up 3.8% in 1Q 2021

Peru’s Gross Domestic Product (GDP) grew 3.8% in the first quarter of the current year if compared with the similar period of 2020, following the contraction registered in the four previous quarters, the National Institute of Statistics and Informatics (INEI) reported. GDP growth was influenced by the increase in domestic demand (6.5%), while net exports decreased due to the drop in exports (-5.5%) and the increase in imports (5%).

Source: Andina