International Reserves in Peru
Peru - International Reserves
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 - International Reserves Data
|International Reserves (USD)||65.7||62.4||61.5||61.7||63.7|
5 years of economic forecasts for more than 30 economic indicators.
Peru International Reserves 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 %||May 13|
|Stock Market||19,958||-0.23 %||May 13|
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May 16, 2019
Economic activity expanded 3.2% year-on-year in March, picking up pace from February’s 2.1% increase.
May 11, 2019
Peru’s trade balance recorded a USD 431 million surplus in March, widening from February’s USD 336 million surplus but lower than the USD 667 million surplus recorded in the same month of last year. Exports dived 11.8% year-on-year in March, due to lower prices and quantities, following February’s much softer 3.6% fall.
May 9, 2019
At its monetary policy meeting on 9 May, the Central Bank of Peru (BCRP) kept the policy interest rate unchanged at an eight-year low of 2.75%, matching market expectations.
May 8, 2019
The business confidence indicator declined from March’s 59.6 to 55.9 in April, but nevertheless remained above the 50-point threshold that separates optimism from pessimism, where it has been for two years. April’s decline came on the back of a broad-based deterioration in the sub-components of the index.
May 8, 2019
Consumer prices in Metropolitan Lima rose 0.20% over the previous month in April, down notably from March’s 0.73% month-on-month rise, which had marked the fastest rise in two years.