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||5.43||-0.60 %||Oct 15|
|Exchange Rate||3.38||-0.06 %||Nov 29|
|Stock Market||19,304||-0.23 %||Nov 29|
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
December 3, 2018
Consumer prices in Metropolitan Lima increased 0.12% month-on-month in November, up from October’s 0.08% rise.
November 30, 2018
Economic growth decelerated considerably in the third quarter, owing to weaker domestic demand.
November 15, 2018
Economic activity expanded 2.1% year-on-year in September, down from August’s 2.3% increase.
November 14, 2018
The consumer confidence indicator published by GfK fell slightly from 91 in September to 90 in October.
November 9, 2018
Consumer prices in Metropolitan Lima increased 0.08% month-on-month in October, down from September’s 0.19% rise.