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Peru: Foreign Direct Investment expanded 108.4% in 2Q 2019

11:21 | Lima, Oct. 30.

Foreign Direct Investment (FDI) in Peru totaled US$3.094 billion in the second quarter for 2019, thus expanding 108.4% compared to the same period last year (US$1.485 billion), the Central Reserve Bank (BCR) reported on Wednesday.

According to BCR, this result helped FDI post a recovery in the first half of this year, as it amounted to US$5.504 billion, a 31.2% increase compared to the similar term in 2018. 

In the first quarter, FDI recorded US$2.410 billion, which represented a decrease of 11% compared to the same period last year. 

FDI per sectors 

It should be noted the sectors that led the flow of foreign direct investment were energy and others (US$1.494 billion), non-financial services (US$607 million), mining (US$328 million), manufacturing (US$316 million), financial sector (US$307 million), and hydrocarbons (US$42 million). 

Investment in portfolio 

On the other hand, the foreign portfolio investments (mainly aimed at the Lima Stock Exchange) reached US$660 million in the second quarter of 2019, a 633.3% expansion compared to the same period last year. 

Financial account 

Likewise, BCR reported that the financial account of the public sector had a positive result by US$2.058 billion (3.5% of GDP).

(END) RGP/JJN/DTK/MVB

Published: 10/30/2019
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