The annualized current account surplus rose from 2.1% to 2.2% of GDP in the third quarter of 2025, marking eight consecutive quarters of positive results in cumulative terms, the
Among the factors that contributed to its US$1.113 billion increase was the significant rise in the trade surplus, driven by higher terms of trade, the recovery of domestic production of fresh fruit, zinc, and fishery products, as well as stronger external demand for textiles, steel and metal products bound for the United States, and gold amid global uncertainty.
Another contributing factor was the positive performance of employment abroad, which ensured a steady inflow of remittances into Peru.
On a quarterly basis, the current account of the balance of payments recorded a US$2.455 billion surplus in the third quarter of 2025, equivalent to 2.8% of GDP, up US$432 million from the surplus recorded in the same quarter of 2024 (2.7% of GDP).
This result was mainly explained by the expansion of the goods trade balance surplus by US$1.381 billion, which in turn reflected the persistent dynamism of the terms of trade and the increase in exports of non-traditional agricultural and fishery products, as well as gold, zinc, fishmeal, and natural gas.
"This was further supported by a US$256 million increase in secondary income due to higher remittances from abroad and non-residents' income tax," the BCR noted.
"However, these surplus pressures were limited by an increase in the profits of companies with foreign direct investment (FDI), as a result of high export prices for minerals and higher margins in the services sector, particularly among banking companies," it concluded.