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
|International Reserves (USD)||61.5||61.7||63.7||60.3||68.4|
5 years of economic forecasts for more than 30 economic indicators.
Peru International Reserves 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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November 21, 2022
GDP growth waned to 1.7% year on year in the third quarter from 3.3% in the second quarter.
November 18, 2022
Economic activity grew 1.7% compared to the same month of the previous year in September, which was a deterioration from August's 1.7% increase.
November 15, 2022
Merchandise exports declined 4.6% on an annual basis in September, on the heels of August’s 0.2% drop.
November 11, 2022
At its 10 November meeting, the Central Bank of Peru raised its key policy interest rate by 25 basis points to 7.25%, bringing the cumulative increase for the year to 475 basis points. The Bank continued to hike rates in order to limit elevated inflation and bring down inflation expectations, both of which remain well above the 1.0–3.0% target range.
November 7, 2022
Inflation came in at 8.3% in October, down from September’s 8.5%.