# Peru economic outlook. September 2025 | BBVA Research

> BBVA Research's September 2025 outlook projects Peru's GDP growth at 3.1% in both 2025 and 2026, supported by strong domestic demand, high terms of trade and new mining projects. The fiscal deficit is expected to fall to 2.4% of GDP in 2025, and the sol is forecast to strengthen against the dollar after elections.

- Date: 2025-09-30 · published 2025-09-30T12:00:00.000Z
- Category: macro · region Peru · magnitude low
- Page: https://feedsoft.ai/events/23149-peru-economic-outlook-september-2025-bbva-research
- Commodities: [Peruvian Sol (PEN per USD)](https://feedsoft.ai/c/USDPEN.md)

## Why it matters

Peru is a major copper and mining exporter, so sustained high terms of trade support currency strength and domestic demand, with limited direct impact on feed grain or oilseed prices.

## Read by commodity

- USDPEN: bearish ▼

## Sources

- bbvaresearch.com: https://www.bbvaresearch.com/en/publicaciones/peru-economic-outlook-september-2025/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.