Peruvian economy grew 13.31% during 2021

This Tuesday, the National Institute of Statistics and Informatics (INEI) detailed that national production increased by 13.31% throughout 2021, while only in December, it rose by 1.72%.

The annual result is explained by the greater contribution of manufacturing (17.73%), construction (34.66%), commerce (17.82%), other services (8.90%), mining (7.45%) , transport and storage (17.68%) and lodging and restaurants (43.33%).

Performance during December

The report specifies that the agricultural sector increased by 9.20% during the last month of last year thanks to the positive result of the agricultural subsector (13.93%) reflected in the higher volumes of sweet potato (151.04%), oil palm ( 73.22%), tomato (56.19%), hard yellow corn (31.81%), paddy rice (26.20%), mango (24.66%) and grape (17.86%).

In addition, another sector with a good performance was lodging and restaurants with 32.07% and transport, storage and messaging, with 10.62%.

While fishing contracted -12.60% due to the lower extraction of species of maritime origin (-13.77%) associated with the lower landing of anchovy for indirect human consumption (meal and fish oil), extracting 1 million 082 thousand tons (1 million 226 thousand tons in 2020).

Likewise, the production of mining and hydrocarbons fell -6.07% due to the negative performance of the metallic mining subsector in -7.11% due to the lower volumes of iron (-23.0%), zinc (-19.2%) , lead (-10.0%), copper (-6.7%) and gold (-5.4%); attenuated by the higher production of molybdenum (9.1%), tin (5.8%) and silver (1.2%).

Although the hydrocarbons subsector grew by 0.64% due to the higher extraction of crude oil (22.1%) and natural gas (0.2%); on the contrary, the production of natural gas liquids decreased (-7.6%). In 2021, the production of this sector grew 7.45%.