Peru projected to surpass Chile in GDP by 2027

According to the International Monetary Fund (IMF) World Economic Outlook report, Peru is projected to overtake Chile in Gross Domestic Product (GDP) by 2027. The IMF estimates Peru's GDP will reach US$413,597 million in 2027, slightly exceeding Chile's projected US$413,443 million.

This shift is expected to establish Peru as the fourth largest economy in South America, trailing only Brazil, Argentina, and Colombia. Projections suggest this gap will widen through 2031, with Peru's GDP reaching approximately US$502,012 million compared to Chile's US$486,468 million.

The divergence in economic size is attributed to Peru's more dynamic growth rates compared to Chile's period of slower expansion. Additionally, Peru's Minister of Economy and Finance, Elmer Cuba, has projected that Peruvian exports could exceed US$120 billion by 2026, driven largely by the mining sector and increasing global demand for copper.