Peru’s population is currently 32.97 million people, which is expected to surpass 40 million in 2048. Peru’s population is projected to continue to grow until reaching its peak in 2066 of 41.62 million.
Peru’s population growth rate is 1.42% thanks to positive net migration and a fertility rate of 2.27 births per woman. Additionally, Peru’s high fertility rates in past decades (3 to 7 births per woman) have led to the natural increase of the population as well. The country’s rate of natural increase, however, has declined as well. These factors will eventually lead to Peru’s population peaking and then declining after 2068, shrinking down to 39.28 million people by the end of the century.