-PBI Slowdown in November: What Happened to Key Sectors?
The Peruvian economy slowed down for the second consecutive month in November, growing by only 1.59%, according to the latest national production report from the National Institute of Statistics and Informatics (INEI).
The growth of the Gross Domestic Product (GDP) achieved in November is not only below what was reported in September (4.23%) and October (3.98%), but it is also the second lowest growth rate of 2025 to date (April: 1.43%).
Moreover, in that month, a setback was observed in the production of six economic activities.
The result achieved only exceeds what was recorded in April, when national production grew by only 1.43%. (Image: INEI)
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Peruvian Fish Catch Declines in 2025
peru experienced a decrease in fish extraction for both indirect human consumption, such as anchoveta used for fishmeal and oil, and direct human consumption in fresh, frozen, and cured forms during 2025.
Anchoveta Catch Reduction
The anchoveta fishery, a key component of Peru’s fishing industry, saw reduced catches in 2025. Anchoveta is primarily processed into fishmeal and fish oil, used extensively in animal feed, especially for aquaculture and livestock. This decline impacts the supply chain for these products.
According to Gestion, the 2025 anchoveta season was nearing its conclusion as of January 16, 2026, signaling a shorter and less productive fishing period.
Decline in Direct Consumption Species
Alongside the anchoveta reduction, catches of species intended for direct human consumption – in fresh, frozen, and cured states – also decreased in 2025. This affects the availability and perhaps the price of popular seafood choices within Peru and for export.
The specific species impacted and the magnitude of the decline in direct consumption catches were not detailed in the source material, but the overall trend indicates a broader challenge for Peru’s fishing sector.