External Debt in Peru
Peru - External Debt
Current account deficit shrinks in the final quarter of 2010
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 2010, 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)||38.2||38.3||35.7||34.5||34.7|
5 years of economic forecasts for more than 30 economic indicators.
Peru External Debt Chart
Source: Peru Central Bank and FocusEconomics calculations.
|Bond Yield||0.0||-0.60 %||Nov 08|
|Exchange Rate||3.31||-0.06 %||Jan 01|
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August 8, 2022
Consumer prices increased 0.94% over the previous month in July, slowing from the 1.19% increase seen in June.
July 26, 2022
Economic activity expanded 2.3% year on year in May (April: +3.7% yoy).
July 7, 2022
Consumer prices increased 1.19% over the previous month in June, picking up from the 0.38% increase seen in May.
July 7, 2022
At its 7 July meeting, the Central Bank of Peru raised its key policy interest rate by 50 basis points to 6.00%, bringing total hikes this year to 350 basis points. The hike was driven by a desire to rein in rising inflation and inflation expectations, both of which are well above the 1.0–3.0% target range.
July 7, 2022
Merchandise exports declined 0.8% in annual terms in May (April: +11.9% year-on-year).