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Financial News: PERU: GDP Grows 2.4% In 2Q17 On Annual

PERU: GDP Grows 2.4% In 2Q17 On Annual Basis

08/22/2017 - 16:15:00 (RTTNews)

(RTTNews) - Peru's Gross Domestic Product (GDP) grew 2.4% in the second quarter of 2017 when compared to the same quarter of 2016.

The result is primarily explained by the increase in private consumption as well as by the greater exports of goods and services, said the country's statistics office.

Before seasonal adjustment, Peru's GDP grew 0.7% during the second quarter of 2017 compared to the previous quarter.

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