R&D tax expenditure and direct government funding of BERD — Indirect in Peru
Peru: R&D tax expenditure and direct government funding of BERD — Indirect was 0.0006 Percentage of GDP in 2024. ◆ Volatile
R&D tax expenditure and direct government funding of BERD — Indirect in Peru, 2016–2024
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
In 2024, r&d tax expenditure and direct government funding of berd — indirect in Peru stood at 0.0006 Percentage of GDP.
That represents a change of up 200.0% on the previous year and up 100.0% over ten years.
Over the whole period, r&d tax expenditure and direct government funding of berd — indirect in Peru peaked at 0.0008 Percentage of GDP in 2019 and was at its lowest, 0.0001 Percentage of GDP, in 2020.
That places Peru 33rd out of 43 countries with data for 2024, putting it in the bottom quarter.
R&D tax expenditure and direct government funding of BERD — Indirect in Peru, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 2016 | 0.0003 Percentage of GDP | — |
| 2017 | 0.0005 Percentage of GDP | +66.7% |
| 2018 | 0.0002 Percentage of GDP | -60.0% |
| 2019 | 0.0008 Percentage of GDP | +300.0% |
| 2020 | 0.0001 Percentage of GDP | -87.5% |
| 2021 | 0.0001 Percentage of GDP | +0.0% |
| 2022 | 0.0003 Percentage of GDP | +200.0% |
| 2023 | 0.0002 Percentage of GDP | -33.3% |
| 2024 | 0.0006 Percentage of GDP | +200.0% |
Peru compared with similar countries
- Peru's 0.0006 Percentage of GDP is below the median for upper middle income countries, which is 0.001 Percentage of GDP, 57% of the median. (10 countries reporting)
- Peru's 0.0006 Percentage of GDP is below the median for Latin America & Caribbean, which is 0.0007 Percentage of GDP, 86% of the median. (7 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.0004 Percentage of GDP | 0.0002 Percentage of GDP | 0.0008 Percentage of GDP | 4 |
| 2020s | 0.0003 Percentage of GDP | 0.0001 Percentage of GDP | 0.0006 Percentage of GDP | 5 |
Countries ranked near Peru
- 30 Mexico 0.0013 Percentage of GDP compare
- 31 Thailand 0.0008 Percentage of GDP compare
- 32 Colombia 0.0007 Percentage of GDP compare
- 34 Indonesia 0 Percentage of GDP compare
- 35 Costa Rica 0 Percentage of GDP
- 35 Malta 0 Percentage of GDP compare
- 35 Israel 0 Percentage of GDP
- 35 Luxembourg 0 Percentage of GDP
- 35 Switzerland 0 Percentage of GDP
- 35 Argentina 0 Percentage of GDP compare
- 35 Bulgaria 0 Percentage of GDP
- 35 Hong Kong 0 Percentage of GDP
- 35 India 0 Percentage of GDP
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 r&d tax expenditure and direct government funding of berd — indirect in Peru?
- R&d tax expenditure and direct government funding of berd — indirect in Peru was 0.0006 Percentage of GDP in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest r&d tax expenditure and direct government funding of berd — indirect recorded in Peru?
- The highest recorded value was 0.0008 Percentage of GDP in 2019.
- What is the lowest r&d tax expenditure and direct government funding of berd — indirect recorded in Peru?
- The lowest recorded value was 0.0001 Percentage of GDP in 2020.
- How does Peru rank for r&d tax expenditure and direct government funding of berd — indirect?
- Peru ranks 33rd out of 43 countries with data for 2024.
- Is r&d tax expenditure and direct government funding of berd — indirect rising or falling in Peru?
- Over the last ten years it is up 100.0%. The long-run trend across the full record is volatile.
- Where does this Peru data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of R&D tax expenditure and direct government funding of BERD — Indirect government support through R&D tax incentives (GTARD). Statizoid updates them automatically from the source API.
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About this data
The OECD R&D Tax Incentives database provides a set of indicators that reflect the level and structure of central and subnational government support for business R&D in form of R&D tax incentives and direct funding across OECD member countries and other major economies. This includes time-series indicators of tax expenditures for R&D, based on the latest OECD data collection on tax incentive support for R&D expenditures. Estimates of the cost of R&D tax support at subnational government level are reported whenever such provisions are applicable and relevant data are available. These estimates of the cost of central and subnational R&D tax relief have been combined with data on direct government funding of business expenditure on R&D (BERD), as compiled by National Statistical Offices based on reports from firms, in order to provide a more complete picture of government efforts to promote business R&D. Furthermore, these estimates are combined with data on Government budget allocations for R&D (GBARD) in the broader context of overall budgetary support for R&D activities undertaken by governments. Government budget allocations for R&D include direct funding provided to all sectors, including contributions to R&D programmes abroad. OECD (2019) provides a practical guide to using the OECD R&D Tax Incentives database, describing the R&D tax incentive time series data and highlighting their potential for internationally comparative work through descriptive indicators and econometric analysis.