Industry Sector Contribution to GDP in Peru (1991-2022)

Industry Sector Contribution to GDP in Peru (1991-2022)

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TGM StatBox. (2024). Industry Sector Contribution to GDP in Peru (1991-2022). TGM StatBox.
Chart Details
Timeframe: 1990-2022
Country: Peru
Published date: 2024
Note: Industry (% of GDP), according to World Development Indicators, measures the contribution of the industrial sector to a country's Gross Domestic Product (GDP). This metric reflects the economic significance of manufacturing, mining, construction, and utilities, indicating the value generated by industrial activities relative to the overall economy.
Key Takeaways
Peru’s industry sector contribution to GDP rose from 25.9% in 1991 to a high of 37.7% in 2007, driven by mining and construction booms, especially in copper and gold. Following this peak, the 2008 financial crisis triggered a decline, with contributions falling to 33.6% by 2009. The 2010s saw further reductions, stabilizing around 30-32%, as Peru diversified its economy while remaining reliant on resource extraction. A slight recovery occurred in 2021, with a contribution of 34.8%, supported by government initiatives to attract foreign investment in mining. Peru’s industry sector reflects resilience in mining and construction, adapting to economic shifts and global commodity demand.

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