International Reserves in Peru
Peru - International Reserves
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 - International Reserves Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| International Reserves (USD) | 65.7 | 62.3 | 61.5 | 61.7 | 63.6 |
Peru International Reserves Chart
Source: Peru Central Bank and FocusEconomics calculations.
Peru Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 5.43 | -0.60 % | Oct 15 |
| Exchange Rate | 3.38 | -0.06 % | Sep 04 |
| Stock Market | 19,242 | -0.23 % | Sep 04 |
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Economic News
Peru: Economic activity slows in September
November 19, 2019
In September, economic activity grew 2.2% year-on-year, decelerating markedly from August’s 3.4% outturn and surprising market expectations on the downside.
Peru: Inflation stable in October
November 8, 2019
Consumer prices in Metropolitan Lima rose 0.11% over the previous month in October, following September’s 0.01% month-on-month uptick.
Peru: Business confidence unchanged in October
November 7, 2019
The business confidence indicator was stable at September’s 47.0 points in October.
Peru: Trade surplus widens in September as contraction in exports eases
November 7, 2019
Peru’s trade balance recorded a USD 462 million surplus in September, larger than August’s USD 139 million surplus but smaller than the USD 514 million surplus recorded in the same month last year. Exports declined 1.4% year-on-year in September (August: -7.4% year-on-year), weighed down by diving foreign sales of fishing products and of oil and natural gas, only partially offset by higher exports of agricultural products.
Peru: Weak economic prospects prompt the Central Bank to cut rates to a nine-year low in November
November 7, 2019
At its monetary policy meeting on 7 November, the Central Bank of Peru (BCRP) cut the policy interest rate by 25 percentage points to 2.25%, the lowest since July 2012.
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