The Central Bank of Peru published balance of payments data showing that the annualised current account surplus reached 4.3 percent of GDP in the first quarter of 2026, up 1.9 percentage points from the first quarter of 2025. The result extends the surplus run to three consecutive years and marks 10 quarters of positive cumulative results. On a quarterly basis, the current account posted a surplus of USD 4.463 billion in the first quarter, USD 3.443 billion higher than a year earlier. The increase was driven by a USD 5.990 billion widening in the goods trade surplus, reflecting stronger terms of trade and higher export volumes of non-traditional fishery and agricultural products, alongside higher shipments of zinc and coffee. Recent external conditions were also supported by remittance inflows, recovery in zinc exports, fishery resource availability, and higher exports of blueberries, avocados and cocoa manufactures.
Central Bank of Peru2026-05-22
Central Bank of Peru reports first quarter 2026 annualised current account surplus of 4.3 percent of GDP
The Central Reserve Bank of Peru reported that the annualised current account surplus rose to 4.3 percent of GDP in the first quarter of 2026, 1.9 percentage points higher than a year earlier, extending a three-year surplus run and 10 consecutive quarters of positive results. On a quarterly basis, the surplus reached USD 4.463 billion, driven mainly by a USD 5.990 billion widening in the goods trade surplus due to improved terms of trade, higher non-traditional fishery and agricultural exports, increased zinc and coffee shipments, and sustained remittance inflows.