Share of products from least-developed countries that have no tariff in Peru
Peru: Share of products from least-developed countries that have no tariff was 75.5% in 2024. ▲ Rising
Share of products from least-developed countries that have no tariff in Peru, 2005–2024
Source: UN Conference on Trade and Development and World Trade Organisation – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for share of products from least-developed countries that have no tariff in Peru is 75.5%, measured in 2024.
That represents a change of up 0.6% on the previous year and down 2.1% over ten years.
Over the whole period, share of products from least-developed countries that have no tariff in Peru peaked at 77.2% in 2015 and was at its lowest, 61.0%, in 2005.
Peru ranks 46th of 230 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 12 years of available data.
Share of products from least-developed countries that have no tariff in Peru, year by year
| Year | % | Change |
|---|---|---|
| 2005 | 61.0% | — |
| 2010 | 62.8% | +2.9% |
| 2015 | 77.2% | +22.9% |
| 2016 | 75.3% | -2.5% |
| 2017 | 75.4% | +0.1% |
| 2018 | 75.8% | +0.5% |
| 2019 | 71.9% | -5.1% |
| 2020 | 74.8% | +4.1% |
| 2021 | 74.0% | -1.1% |
| 2022 | 74.6% | +0.8% |
| 2023 | 75.1% | +0.7% |
| 2024 | 75.5% | +0.6% |
Peru compared with similar countries
- Peru's 75.5% is above the median for upper middle income countries, which is 65.5%, 1.2× the median. (58 countries reporting)
- Peru's 75.5% is above the median for Latin America & Caribbean, which is 68.3%, 1.1× the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 61.0% | 61.0% | 61.0% | 1 |
| 2010s | 73.0% | 62.8% | 77.2% | 6 |
| 2020s | 74.8% | 74.0% | 75.5% | 5 |
Countries ranked near Peru
More economy & growth data for Peru
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.35 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.3 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.42 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0042 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 41.13 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 10.35 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 54.43 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0309 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 299.42 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 14.07 % change on previous year (2025)
Frequently asked questions
- What is share of products from least-developed countries that have no tariff in Peru?
- Share of products from least-developed countries that have no tariff in Peru was 75.5% in 2024, according to UN Conference on Trade and Development and World Trade Organisation – processed by Our World in Data.
- What is the highest share of products from least-developed countries that have no tariff recorded in Peru?
- The highest recorded value was 77.2% in 2015.
- What is the lowest share of products from least-developed countries that have no tariff recorded in Peru?
- The lowest recorded value was 61.0% in 2005.
- How does Peru rank for share of products from least-developed countries that have no tariff?
- Peru ranks 46th out of 230 countries with data for 2024.
- Is share of products from least-developed countries that have no tariff rising or falling in Peru?
- Over the last ten years it is down 2.1%. The long-run trend across the full record is rising.
- Where does this Peru data come from?
- The figures come from UN Conference on Trade and Development and World Trade Organisation – processed by Our World in Data, published as part of Share of products from least-developed countries that have no tariff. Statizoid updates them automatically from the source API.
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About this data
Proportion of tariff lines applied to imports with zero-tariff (%).