Economy, jobs and prices in San Martin, Peru: official figures
San Martin's economy produced 15.3 billion soles of gross value added at current prices in 2025, according to INEI's estimate, 1.4% of Peru's 1.11 trillion soles; 8th smallest of Peru's 25 regions.
What is the GDP per person in San Martin?
Gross value added per person in San Martin was about 16,000 soles in 2025 (INEI value added divided by INEI's projected population), against 32,320 soles for Peru; 2nd lowest of Peru's 25 regions.
Source: Instituto Nacional de Estadistica e Informatica (INEI) · saved copyIs the economy of San Martin growing?
In real terms (constant 2007 prices) San Martin's economy grew by 3.0% in 2025 (Peru's value added: 3.2%), after growth of 2.1% in 2024; its 2025 growth was 10th lowest of Peru's 25 regions.
Source: Instituto Nacional de Estadistica e Informatica (INEI) · saved copyHas the economy of San Martin recovered since the pandemic?
After adjusting for prices, San Martin's output in 2025 was 11.4% above its 2019 level, before the pandemic (Peru: 10.7% above), and 107.4% above its 2007 level.
Source: Instituto Nacional de Estadistica e Informatica (INEI) · saved copyWhat are the main industries in San Martin?
The largest sectors of San Martin's economy in 2025 were agriculture, livestock and forestry (39.0% of value added at current prices), other services, including fishing (21.5%) and trade (9.3%).
Source: Instituto Nacional de Estadistica e Informatica (INEI) · saved copyHow important is mining in San Martin?
Oil, gas and mining produced 0.4% of value added in San Martin in 2025 (3rd lowest of Peru's 25 regions), agriculture, livestock and forestry 39.0% (2nd highest of Peru's 25 regions) and manufacturing 6.2% (Peru: 15.1%, 7.3% and 12.4%).
Source: Instituto Nacional de Estadistica e Informatica (INEI) · saved copyWhat is the unemployment rate in San Martin?
Unemployment in San Martin averaged 2.9% in 2025 in INEI's national employment survey (EPEN), down 0.2 percentage points on 2024 (3.1%); 2nd lowest of the 23 departments outside Lima and Callao. Peru's rate was 4.9%.
Source: Instituto Nacional de Estadistica e Informatica (INEI) · saved copyHow many workers in San Martin have informal jobs?
83.0% of workers in San Martin held informal jobs in 2025, without the social protection of formal employment, against 86.1% in 2022; 8th highest of the 23 departments outside Lima and Callao (Peru: 70.2%).
Source: Instituto Nacional de Estadistica e Informatica (INEI) · saved copyHow many people in San Martin are in the labour force?
75.3% of people of working age (14 and over) in San Martin were in the labour force in 2025, working or looking for work: 83.8% of men and 65.9% of women (Peru: 69.5%).
Source: Instituto Nacional de Estadistica e Informatica (INEI) · saved copyHow many people work in San Martin?
About 512,800 people had jobs in San Martin in 2025 (300,000 men and 212,800 women), up 2.5% on 2024, and 15,500 were unemployed. INEI marks this estimate as indicative only because of its sampling error.
Source: Instituto Nacional de Estadistica e Informatica (INEI) · saved copyWhat is the unemployment rate for women in San Martin?
Unemployment among women in San Martin was 2.6% in 2025, against 3.2% for men. INEI marks this estimate as indicative only because of its sampling error.
Source: Instituto Nacional de Estadistica e Informatica (INEI) · saved copyWhat is the average income in San Martin?
Workers in San Martin earned an average of 1,565.3 soles a month from work in 2025, up 9.2% on 2024; 10th highest of the 23 departments outside Lima and Callao (Peru: 1,887.2 soles).
Source: Instituto Nacional de Estadistica e Informatica (INEI) · saved copyHow many workers in San Martin have a pension?
26.6% of workers in San Martin were affiliated to a pension system in 2025 (Peru: 42.7%), and 98.9% had health insurance (Peru: 95.3%).
Source: Instituto Nacional de Estadistica e Informatica (INEI) · saved copyHow many hours do people work in San Martin?
People with jobs in San Martin worked 42.8 hours a week on average in 2025 (Peru: 43.8), against 40.8 in 2022.
Source: Instituto Nacional de Estadistica e Informatica (INEI) · saved copyHow San Martin compares with other departments
Gross value added, current prices (2025 estimate) (2025)
San Martin ranks 18 of 25, highest first.
| Rank | Region | Gross value added, current prices (2025 estimate) |
|---|---|---|
| 15 | Loreto | 17.4 billion soles |
| 16 | Tacna | 17.1 billion soles |
| 17 | Huanuco | 15.3 billion soles |
| 18 | San Martin | 15.3 billion soles |
| 19 | Ayacucho | 14.8 billion soles |
| 20 | Pasco | 11.9 billion soles |
| 21 | Ucayali | 9.9 billion soles |
Gross value added per person (2025 estimate) (2025)
San Martin ranks 24 of 25, highest first. INEI departmental value added divided by INEI's projected 2025 population.
| Rank | Region | Gross value added per person (2025 estimate) |
|---|---|---|
| 19 | Huanuco | 20,653 soles |
| 20 | Tumbes | 20,588 soles |
| 21 | Lambayeque | 19,742 soles |
| 22 | Amazonas | 18,053 soles |
| 23 | Loreto | 16,353 soles |
| 24 | San Martin | 16,000 soles |
| 25 | Ucayali | 15,208 soles |
Real growth of value added (2025 estimate) (2025)
San Martin ranks 16 of 25, highest first.
| Rank | Region | Real growth of value added (2025 estimate) |
|---|---|---|
| 13 | Huancavelica | +3.6% |
| 14 | Callao | +3.6% |
| 15 | Lima | +3.0% |
| 16 | San Martin | +3.0% |
| 17 | Ucayali | +2.5% |
| 18 | La Libertad | +2.4% |
| 19 | Puno | +2.3% |
Real change in value added 2019-2025 (2019-2025)
San Martin ranks 12 of 25, highest first.
| Rank | Region | Real change in value added 2019-2025 |
|---|---|---|
| 9 | La Libertad | +12.8% |
| 10 | Cajamarca | +12.0% |
| 11 | Junin | +11.4% |
| 12 | San Martin | +11.4% |
| 13 | Puno | +10.4% |
| 14 | Lima | +9.9% |
| 15 | Ayacucho | +8.9% |
Oil, gas and mining share of value added (2025) (2025)
San Martin ranks 23 of 25, highest first.
| Rank | Region | Oil, gas and mining share of value added (2025) |
|---|---|---|
| 19 | Lima | 2.3% |
| 20 | Tumbes | 2.0% |
| 21 | Amazonas | 1.7% |
| 22 | Ucayali | 1.2% |
| 23 | San Martin | 0.4% |
| 24 | Lambayeque | 0.2% |
| 25 | Callao | 0.0% |
Unemployment rate (EPEN) (2025)
San Martin ranks 22 of 23, highest first. INEI's employment survey reports Metropolitan Lima together with Callao and the rest of Lima department as the Lima region, so Lima and Callao are not ranked.
| Rank | Region | Unemployment rate (EPEN) |
|---|---|---|
| 17 | Huancavelica | 3.8% |
| 18 | Amazonas | 3.3% |
| 19 | Cajamarca | 3.2% |
| 20 | Loreto | 3.1% |
| 21 | Ucayali | 3.0% |
| 22 | San Martin | 2.9% |
| 23 | La Libertad | 2.8% |
Informal employment rate (EPEN) (2025)
San Martin ranks 8 of 23, highest first. INEI's employment survey reports Metropolitan Lima together with Callao and the rest of Lima department as the Lima region, so Lima and Callao are not ranked.
| Rank | Region | Informal employment rate (EPEN) |
|---|---|---|
| 5 | Huancavelica | 85.6% |
| 6 | Ayacucho | 84.8% |
| 7 | Huanuco | 84.1% |
| 8 | San Martin | 83.0% |
| 9 | Loreto | 80.8% |
| 10 | Pasco | 80.5% |
| 11 | Cusco | 80.1% |
Labour force participation, ages 14+ (EPEN) (2025)
San Martin ranks 7 of 23, highest first. INEI's employment survey reports Metropolitan Lima together with Callao and the rest of Lima department as the Lima region, so Lima and Callao are not ranked.
| Rank | Region | Labour force participation, ages 14+ (EPEN) |
|---|---|---|
| 4 | Cusco | 77.1% |
| 5 | Cajamarca | 76.4% |
| 6 | Puno | 75.5% |
| 7 | San Martin | 75.3% |
| 8 | La Libertad | 75.1% |
| 9 | Madre de Dios | 74.6% |
| 10 | Amazonas | 73.4% |
Workers affiliated to a pension system (EPEN) (2025)
San Martin ranks 17 of 23, highest first. INEI's employment survey reports Metropolitan Lima together with Callao and the rest of Lima department as the Lima region, so Lima and Callao are not ranked.
| Rank | Region | Workers affiliated to a pension system (EPEN) |
|---|---|---|
| 14 | Ucayali | 31.0% |
| 15 | Junin | 30.2% |
| 16 | Huancavelica | 29.1% |
| 17 | San Martin | 26.6% |
| 18 | Apurimac | 26.3% |
| 19 | Ayacucho | 25.6% |
| 20 | Huanuco | 24.7% |
Average monthly income from work (EPEN) (2025)
San Martin ranks 10 of 23, highest first. INEI's employment survey reports Metropolitan Lima together with Callao and the rest of Lima department as the Lima region, so Lima and Callao are not ranked.
| Rank | Region | Average monthly income from work (EPEN) |
|---|---|---|
| 7 | Tumbes | 1,658.2 soles |
| 8 | Cusco | 1,611.8 soles |
| 9 | Ucayali | 1,598.2 soles |
| 10 | San Martin | 1,565.3 soles |
| 11 | Junin | 1,563.7 soles |
| 12 | Loreto | 1,543.8 soles |
| 13 | Ancash | 1,483.3 soles |
More on San Martin: overview · health · education and schools · poverty and living standards · government budget · Peru
Sources
- Instituto Nacional de Estadistica e Informatica (INEI): Peru: PBI por Departamentos 2007-2025 (cifras preliminares): Cuadros 1, 3 and 4 (value added by department at constant 2007 and current prices) and Cuadro 182 (2025 value added by activity and department), read 23 October 2026 · saved copy (SHA-256 a0dbecb43171…)
- Instituto Nacional de Estadistica e Informatica (INEI): Peru: Indicadores del Mercado Laboral a nivel departamental, 2022-2025 (Encuesta Permanente de Empleo Nacional, EPEN): Cuadros 1.1, 1.6, 2.3, 3.1, 5.1, 6.1, 6.7, 7.1 and annex tables, read 23 October 2026 · saved copy (SHA-256 eb9c2fcd1b4f…)
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