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First modification: 02/18/2026 - 17:40
Peru's main macroeconomic indicators show resilient behavior despite the entrenched political upheaval that recently led to the dismissal of interim president José Jerí, the seventh president in a decade, amid a corruption scandal.
The Peruvian economy resists what politics does not. Based on a strong mining dependence, it has remained resilient, with growth of 3.4% in 2025 and relatively low inflation, which highlights how it has been able to remain insulated from shocks in the Executive.
On Tuesday, February 17, 2026, the Peruvian Congress dismissed President José Jeri, just four months into his interim term, over a scandal related to undisclosed meetings with a Chinese businessman.
Although the cycle of political unrest has affected the Andean country for much of the last decade, its indicators show some stability.
On the one hand, according to official data, the Gross Domestic Product (GDP) grew in 2025 thanks to the boost of sectors such as construction, commerce and manufacturing and thus exceeded the forecasts of the Central Reserve Bank, which had estimated an increase in production of 3.3%.
This nation also maintained a public debt/gross domestic product ratio of 32% in 2024, one of the lowest in Latin America, and the government in power has welcomed foreign investment in areas such as mining and infrastructure, despite the rotation of presidents.
Inflation, likewise, remains at levels that many of its neighbors would like, below 2% annually, far from just over 30% in Argentina and even better than 5% in Colombia. Furthermore, it is located at the midpoint of the target range, which is between 1% and 3%.
This good inflationary behavior has allowed the Central Reserve Bank to maintain its reference interest rate at 4.25% for six consecutive months and consolidate its currency as one of the strongest in the Latin American region.
"Economic activity remains around its potential level, and the leading indicators as of January continue to show good performance. Likewise, almost all indicators of the current situation and expectations remained in the optimistic range," highlighted the issuing bank at the end of its most recent meeting at the beginning of the month.
It is expected that this Wednesday, legislators will elect the new political leader from among their members until July 28, when they must hand over the position to the winner of the presidential elections on April 12.
With EFE, Reuters and AP
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