Fiscal Balance in Peru
Peru - Fiscal Balance
Economic growth likely cooled somewhat in the fourth quarter of 2019, after accelerating in the third quarter on the back of both stronger public and private consumption amid sustained job creation and robust credit growth. In October-November, the expansion in economic activity slowed and the external sector continued to show weakness. With one eye on this month’s election and in a bid to stimulate growth via public investment, the government approved an emergency decree at the end of December to extend the deadline for reducing the country’s fiscal deficit to 1.0% of GDP from 2021 to 2024. On 14 January, the Constitutional Court ruled that President Vizcarra’s decision to dissolve Congress and call early parliamentary elections on 26 January was constitutional—a clear win for the president.Peru - Fiscal Balance Data
| 2014 | 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|---|
| Fiscal Balance (% of GDP) | -0.2 | -1.9 | -2.3 | -3.0 | -2.3 |
Peru Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.0 | -0.60 % | Nov 08 |
| Exchange Rate | 3.31 | -0.06 % | Jan 01 |
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Economic News
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Peru: Economic activity closes 2019 on a sour note
February 17, 2020
In December, economic activity grew a puny 1.1% year-on-year, decelerating markedly from November’s already unremarkable 1.9% outturn and surprising market expectations on the downside.
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Peru: Central Bank keeps rates at over nine-year low at February meeting
February 13, 2020
At its monetary policy meeting on 13 February, the Central Bank of Peru (BCRP) held the policy interest rate steady at 2.25%, the lowest point since July 2010.
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Peru: Business sentiment starts 2020 on a hopeful note
February 7, 2020
The business confidence indicator rose from December’s 51.0 points to 53.0 points in January.
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Peru: Inflation stable in January
February 7, 2020
Consumer prices in Metropolitan Lima rose 0.05% over the previous month in January, down from December’s 0.21% increase.
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Peru: Exports rebound in December
February 7, 2020
Peru’s trade balance recorded a USD 1.2 billion surplus in December, larger than November’s USD 718 million surplus and matching the USD 1.2 million surplus recorded in the same month last year. Exports rebounded 6.6% year-on-year in December (November: -4.8% year-on-year), boosted by rising foreign sales of mining and agricultural products, only partially offset by falling exports of oil and natural gas.
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