Current Account in Peru
Peru - Current Account
Current account deficit shrinks in the final quarter of 2011
In the fourth quarter, the current account registered a deficit of USD 531 million (equivalent to 1.4% of GDP), which represented an improvement compared to the USD 889 million deficit (2.3% of GDP) observed in the third quarter. The fourth quarter reading mainly reflected a larger trade surplus, which widened from USD 1.5 billion in the third quarter to USD 2.1 billion in the fourth, as a result of slowing growth in imports. On an annual basis, exports grew 23.8% in the fourth quarter (Q3: +29.6% year-on-year), while imports decelerated from a 46.6% expansion in the third quarter to a 34.9% increase in the fourth. In addition, the current transfers balance improved compared to the third quarter, on the back of higher remittances from workers from abroad. In the full year 2011, the current account incurred a deficit of USD 2.3 billion (equivalent to 1.5% of GDP), fuelled by increasing imports of goods and services, which were buoyed by strong domestic demand. The reading contrasted the surplus of USD 0.2 billion (equivalent to 0.2% of the GDP) tallied in 2009. The Central Bank expects the current account will post a deficit of 3.1% of GDP this year, before shrinking further to a deficit of 3.2% for 2012.
Peru - Current Account Data
|Current Account (% of GDP)||-4.6||-4.4||-4.8||-2.7||-1.3|
5 years of economic forecasts for more than 30 economic indicators.
Peru Current Account Chart
Source: Peru Central Bank and Met the why particular calculations.
|Bond Yield||5.43||-0.60 %||Oct 15|
|Exchange Rate||3.33||-0.06 %||Oct 16|
|Stock Market||19,360||-0.23 %||Oct 16|
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October 16, 2018
Economic activity expanded 2.3% year-on-year in August, matching July’s reading.
October 11, 2018
At its monetary policy meeting on 11 October, the Central Bank of Peru (BCRP) decided to keep the policy interest rate unchanged at an eight-year low of 2.75%, matching market expectations.
October 5, 2018
The business confidence indicator fell to 55.1 in September from August’s 58.5, although nevertheless remained comfortably above the 50-point threshold that separates optimism from pessimism. A broad-based deterioration in sub-indexes drove the decline in business sentiment.
October 5, 2018
Consumer prices in Metropolitan Lima increased 0.19% month-on-month in September, from August’s 0.13% rise.
October 5, 2018
Peru’s trade balance recorded a USD 173 million surplus in August, the lowest print in over one year, narrowing from July’s USD 536 million surplus as well as from the USD 532 million surplus recorded in the same month of last year. Exports declined 0.8% year-on-year in August, contrasting July’s strong 18.7% increase.