External Debt in Peru
Peru - External Debt
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 - External Debt Data
|External Debt (% of GDP)||29.8||34.0||38.3||38.4||35.7|
5 years of economic forecasts for more than 30 economic indicators.
Peru External Debt Chart
Source: Peru Central Bank and Met the why particular calculations.
|Bond Yield||5.38||-0.60 %||Jun 14|
|Exchange Rate||3.28||-0.06 %||Jun 14|
|Stock Market||21,031||-0.23 %||Jun 14|
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June 15, 2018
Economic activity accelerated strongly in April, jumping 7.8% year-on-year, double the 3.9% annual growth rate observed in March.
June 8, 2018
Peru’s trade balance recorded a USD 398 million surplus in April, narrowing from March’s USD 616 million surplus but a substantial increase from the USD 154 million surplus recorded in the same month of last year. Growth in exports remained robust in April, coming in at 23.0% year-on-year expansion from March’s strong 25.5% increase.
June 8, 2018
The business confidence indicator ticked up to 60 in May, above April’s 59.
June 8, 2018
At its 7 June monetary policy meeting, the Central Bank of Peru (BCRP) decided to keep the policy interest rate unchanged at 2.75%.
June 6, 2018
Consumer prices in Metropolitan Lima increased 0.02% month-on-month in May, contrasting April’s 0.14% decline.