The remittances that Peru receives reach a value equivalent to 1.7% of the gross domestic product (GDP) and will continue to be an important source of income for the economy, despite the fact that its growth rate would moderate towards 2026, according to a BBVA Research report.
The document titled: “Remittances to Argentina, Colombia and Peru: possible impact of US immigration policy.” indicated that the figure reflects the structural importance of remittance flows, especially for vulnerable populations that depend on this income intended to cover basic needs such as food, housing or education.
According to the report, 42% of the remittances that arrive in Peru come from the United States, where an important segment of the Peruvian diaspora resides. 70% of Peruvian migrants in the US settled before 2010, which shows a high degree of roots. Furthermore, the majority have a stable job insertion in sectors such as education, health and services, and have a medium-high educational level.
More than half of Peruvian migrants own their home, which also contributes to reducing their vulnerability to changes in the migration conditions of the receiving country.
The report analyzes possible scenarios in the face of a more restrictive context regarding immigration in the US. In the case of Peru, even in a severe scenario with greater deportations and a lower flow of new migrants, the impact on remittances would be moderate.
According to the study, in a base scenario, an annual growth of 2.5% is projected in the Peruvian migrant population in the North American country, without relevant changes in the levels of deportation.
A moderate 2026
BBVA Research also estimated that between 2025 and 2026, remittances to Peru will register an accumulated growth of 5.2% in absolute terms. However, its participation in GDP is expected to decrease slightly, in a context of greater internal economic growth and moderation in the migration rate.
In the base scenario, the flow of remittances would remain relatively stable at around 1.5% and 1.7% of GDP, confirming its relevance as external income.
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