Regulatory Alerts2026-08-21
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Study Note No. 59: Macroeconomic Report - Second Quarter of 2026
The document reports that Peru's GDP grew 2.6% year-on-year in the second quarter of 2026, driven by private consumption and investment, while public investment contracted. Terms of trade increased 15.8% due to higher export prices for copper and gold, leading to a current account surplus of 2.7% of GDP. The fiscal deficit of the Non-Financial Public Sector narrowed from 2.6% to 1.3% of GDP, and private credit growth reached 8.7% year-on-year despite a slight decrease in the credit-to-GDP ratio.
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