Overview
- Official data show Peru’s economy rose 3.44% in 2025 (INEI) and Colombia’s GDP increased 2.6% for the year with 2.3% growth in the fourth quarter (DANE).
- Colombia’s artistic and entertainment activities surged 9.9% in 2025, with concerts in Bogotá and Medellín driving the subsector’s 0.4‑point contribution to annual growth, according to DANE.
- Peru’s 2025 expansion leaned on non‑primary sectors such as construction and commerce, while hydrocarbons contracted 1.62% and mining posted only modest gains.
- Scotiabank projects Peru’s GDP will grow at a pace similar to Q4 2025 (about 3.2%) in the first quarter of 2026, and the BCRP’s Carlos Montoro estimated January growth near 3.2% led by non‑primary activity.
- Early‑2026 forecasts for Peru cluster around 3.0%–3.8% growth, with BCP citing strong domestic demand and ENFEN issuing a coastal El Niño alert that forecasts a March onset, while election uncertainty and policy costs could weigh on activity.