Lima, 22 August 2024 - Peru's current account balance remarkably increased to 2.30% of GDP in the second quarter of 2024, according to newly released figures. This sharp rise follows a relatively modest figure of 0.80% reported in the first quarter of the year.
The significant improvement highlights the country's robust economic performance during this period. Analysts attribute this uptick to a combination of increased exports, tightly controlled import levels, and a favorable global economic environment that boosted foreign investments and trade relations.
The data, updated on 22 August 2024, reflects the government's ongoing efforts to enhance economic stability and growth through diversification and fiscal discipline. The positive shift in the current account balance signifies improved external sector health, offering promising prospects for Peru's economic outlook for the remainder of the year and beyond.
