Peru recorded a Current Account deficit of 1.50 percent of the country's Gross Domestic Product in 2019. source: Central Reserve Bank of Peru

Current Account to GDP in Peru averaged -3.44 percent from 1980 until 2019, reaching an all time high of 3.31 percent in 2006 and a record low of -9.50 percent in 1981. This page provides - Peru Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Peru Current Account to GDP - values, historical data and charts - was last updated on October of 2020.

Current Account to GDP in Peru is expected to reach -2.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Peru Current Account to GDP is projected to trend around -2.10 percent in 2021 and -1.90 percent in 2022, according to our econometric models.

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Peru Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-1.50 -1.70 3.31 -9.50 1980 - 2019 percent Yearly

Peru Trade Last Previous Highest Lowest Unit
Balance of Trade 321.30 962.80 1290.20 -676.30 USD Million [+]
Current Account -124.47 -608.65 1347.00 -3165.63 USD Million [+]
Current Account to GDP -1.50 -1.70 3.31 -9.50 percent [+]
Imports 2753.50 2720.00 4012.50 16.30 USD Million [+]
Exports 3074.80 3682.90 4608.10 16.60 USD Million [+]
External Debt 82314.00 80356.00 82479.00 9121.00 USD Million [+]
Terms of Trade 103.19 101.14 116.20 51.38 points [+]
Remittances 558.99 494.00 851.38 21.75 USD Million [+]
Tourist Arrivals 4371787.00 4419430.00 4419430.00 216534.00 [+]
Gold Reserves 34.70 34.70 34.70 34.21 Tonnes [+]
Foreign Direct Investment 251.19 1013.58 5304.41 -2357.33 USD Million [+]
Crude Oil Production 30.00 32.00 140.00 30.00 BBL/D/1K [+]
Terrorism Index 2.84 2.95 3.93 2.54 [+]


Peru Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.