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
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| International Reserves (USD) | 61.5 | 61.7 | 63.7 | 60.3 | 68.4 |
Peru International Reserves Chart
Source: Peru Central Bank and FocusEconomics calculations.
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: Decline in economic activity softens in July
September 17, 2020
Economic activity dropped 11.7% year-on-year in July (June: -18.1% yoy).
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Peru: Policy rate held at record low in September
September 10, 2020
On 10 September, the Central Bank of Peru (BCRP) maintained its key policy interest rate at the record low of 0.25% for the fifth meeting in a row, as widely expected by market analysts.
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Peru: Merchandise exports decrease at softer pace in July
September 3, 2020
Merchandise exports shrank 14.4% year-on-year in July, on the heels of June’s 30.7% plunge.
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Peru: Business sentiment ticks up in August, but remains in pessimistic territory
September 3, 2020
Business confidence increased to 38.0 in August, up from July’s 35.0 as firms continued to react positively to the easing of lockdown measures in recent months.
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Peru: Inflation ticks up in August
September 3, 2020
Consumer prices in Metropolitan Lima fell 0.11% from the previous month in August, contrasting July's 0.46% increase.
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