Public expenditure on old-age and survivors cash benefits in % GDP in Peru
Peru: Public expenditure on old-age and survivors cash benefits in % GDP was 1.86 Percentage of GDP in 2023. ▼ Falling
Public expenditure on old-age and survivors cash benefits in % GDP in Peru, 2012–2023
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
The most recent figure for public expenditure on old-age and survivors cash benefits in % gdp in Peru is 1.86 Percentage of GDP, measured in 2023. That is the lowest value across all 12 years on record.
The figure is down 11.3% on the previous year and down 24.3% over ten years.
Over the whole period, public expenditure on old-age and survivors cash benefits in % gdp in Peru peaked at 2.48 Percentage of GDP in 2014 and was at its lowest, 1.86 Percentage of GDP, in 2023.
That places Peru 33rd out of 33 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 12 years of available data.
Public expenditure on old-age and survivors cash benefits in % GDP in Peru, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 2012 | 2.35 Percentage of GDP | — |
| 2013 | 2.46 Percentage of GDP | +4.7% |
| 2014 | 2.48 Percentage of GDP | +0.7% |
| 2015 | 2.22 Percentage of GDP | -10.7% |
| 2016 | 2.21 Percentage of GDP | -0.4% |
| 2017 | 2.21 Percentage of GDP | +0.3% |
| 2018 | 2.1 Percentage of GDP | -5.1% |
| 2019 | 2.32 Percentage of GDP | +10.6% |
| 2020 | 2.45 Percentage of GDP | +5.4% |
| 2021 | 2.14 Percentage of GDP | -12.7% |
| 2022 | 2.1 Percentage of GDP | -1.7% |
| 2023 | 1.86 Percentage of GDP | -11.3% |
Peru compared with similar countries
- Peru's 1.86 Percentage of GDP is below the median for Latin America & Caribbean, which is 4.94 Percentage of GDP, 38% of the median. (5 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 2.3 Percentage of GDP | 2.1 Percentage of GDP | 2.48 Percentage of GDP | 8 |
| 2020s | 2.14 Percentage of GDP | 1.86 Percentage of GDP | 2.45 Percentage of GDP | 4 |
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 public expenditure on old-age and survivors cash benefits in % gdp in Peru?
- Public expenditure on old-age and survivors cash benefits in % gdp in Peru was 1.86 Percentage of GDP in 2023, according to Organisation for Economic Co-operation and Development.
- What is the highest public expenditure on old-age and survivors cash benefits in % gdp recorded in Peru?
- The highest recorded value was 2.48 Percentage of GDP in 2014.
- What is the lowest public expenditure on old-age and survivors cash benefits in % gdp recorded in Peru?
- The lowest recorded value was 1.86 Percentage of GDP in 2023.
- How does Peru rank for public expenditure on old-age and survivors cash benefits in % gdp?
- Peru ranks 33rd out of 33 countries with data for 2023.
- Is public expenditure on old-age and survivors cash benefits in % gdp rising or falling in Peru?
- Over the last ten years it is down 24.3%. The long-run trend across the full record is falling.
- Where does this Peru data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Public expenditure on old-age and survivors cash benefits in % GDP — Social expenditure. Statizoid updates them automatically from the source API.
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About this data
The OECD Social Expenditure Database (SOCX) has been developed in order to serve a growing need for indicators of social policy. It includes reliable and internationally comparable statistics on public and mandatory and voluntary private social expenditure at programme level. SOCX provides a unique tool for monitoring trends in aggregate social expenditure and analysing changes in its composition. It covers 38 OECD countries and some accession countries for the period 1980-2021/23 and estimates for aggregates for 2022-24. A Social Expenditure Update can be found under www.oecd.org/en/data/datasets/social-expenditure-database-socx.htm. The main social policy areas are as follows: Old age, Survivors, Incapacity-related benefits, Health, Family, Active labor market programmes, Unemployment, Housing, and Other social policy areas. This version also includes estimates of net total social spending for 2021 for 38 OECD countries. SOCX aggregated data as well as sources and methodology are described in The OECD SOCX Manual – 2019 edition- A guide to the OECD Social Expenditure Database.