Source: world bank Nominal/PPP
Summary:
Peru GDP Per Capita expanded from 1960 to 2024, increasing from $252.80 to $8,452.37 .The compound annual growth rate (CAGR) averaged 5.64% over the period. The economy recorded its peak level in 2024 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 59.09%, indicating the largest cyclical decline from peak levels. The country experienced 10 recession episode(s) during the observed period.
Peru Economic Phases (1960 - 2024)
From 1960 to 2024, Peru economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1961–1966) indicating robust economic expansion
- Contraction (1967–1968) indicating temporary slowdown
- High Growth (1969–1975) indicating robust economic expansion
- Crisis (1977–1978) indicating severe economic downturn
- High Growth (1979–1981) indicating robust economic expansion
- High Growth (1986–1987) indicating robust economic expansion
- High Growth (1989–1991) indicating robust economic expansion
- High Growth (1994–1995) indicating robust economic expansion
- Expansion (1996–1997) indicating steady moderate growth
- High Growth (2003–2008) indicating robust economic expansion
- High Growth (2010–2012) indicating robust economic expansion
- Contraction (2014–2016) indicating temporary slowdown
- Expansion (2018–2019) indicating steady moderate growth
- High Growth (2021–2024) indicating robust economic expansion
The most remarkable growth occurred in 1987 with an increase of 64.944%, while the largest decline was in 1988 at -59.086%.