Peru's economy grows 3.9 pct in first quarter of 2025

LIMA, May 23 (Xinhua) -- Peru's economy expanded by 3.9 percent in the first quarter of 2025, driven mainly by growth in manufacturing, services and mining, the National Institute of Statistics and Informatics (INEI) reported Friday.

According to INEI's Peruvian Economy Performance report, growth was boosted by a 4.4 percent rise in domestic demand, with gross fixed investment up 9.7 percent and total consumption rising 3.9 percent.

Seasonally adjusted GDP rose 0.6 percent compared to the previous quarter.

Exports of goods and services increased 14.2 percent year-on-year, led by shipments of grapes, natural gas, fishmeal and zinc. Imports grew 15.5 percent, largely due to increased purchases of vehicles, machinery, fuel and industrial goods.

Notable growth was seen across multiple sectors, including agriculture, fishing, mining, manufacturing, construction, commerce, transport, hospitality, telecommunications and business services. ■