The Central Bank of Peru published balance of payments data showing the annualised current account surplus increased from 2.1% to 2.2% of GDP between Q3 2024 and Q3 2025, extending the run to eight consecutive quarters of positive results on a cumulative basis. The improvement of USD 1,113 million was driven mainly by a larger trade surplus, supported by better terms of trade, a recovery in domestic production of fresh fruit, zinc and fishery products, and stronger external demand for textiles, steel and metal products shipped to the United States, and gold amid global uncertainty. Remittance inflows also contributed. On a quarterly basis, the current account surplus in Q3 2025 was USD 2,455 million (2.8% of GDP), up USD 432 million from Q3 2024, largely reflecting a USD 1,381 million widening in the goods trade surplus and a USD 256 million increase in secondary income from higher remittances and non-resident income tax, partly offset by higher profit outflows from foreign direct investment firms linked to high mineral export prices and stronger service-sector margins, particularly in banking.
Central Bank of Peru 2025-11-27
Central Bank of Peru reports annualised current account surplus rising to 2.2% of GDP by Q3 2025
The Central Bank of Peru reported an increase in the annualised current account surplus from 2.1% to 2.2% of GDP between Q3 2024 and Q3 2025, marking eight consecutive quarters of positive results. The USD 1,113 million improvement was driven by a larger trade surplus due to better terms of trade, increased domestic production, and stronger external demand, alongside higher remittance inflows. In Q3 2025, the current account surplus reached USD 2,455 million (2.8% of GDP), up USD 432 million from Q3 2024, primarily due to a widening goods trade surplus and increased secondary income.