RBC of Peru: National production up 13.3% in 2021 | News | ANDEAN

This recovery was supported by the easing of sanitary measures and the progress of the vaccination process against COVID-19 – factors which helped to reverse much of the negative impact of the cessation of non-working activities. essential in 2020, he explained.

According to the issuing entity, the recovery in 2021 of pre-crisis levels of activity (2019) is attributable, to a greater extent, to private investment, a result consistent with the sharp increase in activity of the construction sector.

Public consumption, private consumption and public investment contributed to this result to a lesser extent.

This increase was offset by service exports, particularly inbound tourism.

Domestic demand

As for domestic demand, it increased by 14.4% in 2021 compared to 2020 and by 3.5% compared to 2019.

This year-on-year result is explained by the recovery of private consumption (11.7%) and private investment (37.6%), driven by the easing of health restrictions, progress in vaccination, a better access to goods and services compared to last year. year, and the increase in self-construction.

However, the progression of these indicators was mitigated by the deterioration in the expectations of economic agents during the second half of 2021.

The increase in public investments (23.7%) also contributed positively to the annual result, which is explained by a greater execution of reconstruction projects and other investment projects of national interest, mainly during of the first three quarters of the year.

At the same time, public consumption increased by 10.7% given the increase in the acquisition of goods and services to deal with the pandemic, as well as maintenance and road maintenance services.