The annualized current account surplus of the balance of payments reached 1.9% of gross domestic product (GDP) in the second quarter of 2025, thus marking seven consecutive quarters of surplus, the
The issuing entity indicated that this result was due to higher terms of trade and the recovery of domestic production –after overcoming the climate anomalies of 2023– as well as external demand, which boosted shipments of non-traditional products and gold.
Likewise, it highlighted the gradual normalization of inbound tourism and the positive performance of employment abroad.
On a quarterly basis, the current account of the balance of payments posted a US$724 million surplus in the second quarter of 2025.
It was equivalent to 0.9% of GDP, down by US$695 million from that recorded in the same period of 2024 (1.9% of GDP).
In nominal terms, this result was mainly explained by an increase in the profits of companies with foreign participation and, to a lesser extent, by higher outflows from travel, other services, and telecommunications.
"This dynamic was offset by the growth of the trade balance surplus in goods and by the increase in remittance inflows from abroad, mainly those coming from the United States," the BCR stated.