Services, value added (% of GDP) in Peru
Peru: Services, value added (% of GDP) was 50.9% in 2024. ▲ Rising
Services, value added in Peru, 1960–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
Peru recorded 50.9% for services, value added in 2024.
Compared with earlier readings it is down 0.3% on the previous year and down 2.9% over ten years.
Over the whole period, services, value added in Peru peaked at 88.7% in 1977 and was at its lowest, 38.1%, in 1979.
Peru ranks 144th of 206 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 54 years of available data.
Services, value added (% of GDP) in Peru, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 44.3% | — |
| 1961 | 44.1% | -0.5% |
| 1962 | 45.2% | +2.6% |
| 1963 | 47.5% | +5.1% |
| 1964 | 46.7% | -1.7% |
| 1965 | 47.1% | +0.8% |
| 1966 | 46.6% | -1.1% |
| 1967 | 45.5% | -2.4% |
| 1968 | 45.4% | -0.1% |
| 1969 | 44.5% | -2.0% |
| 1970 | 44.5% | +0.0% |
| 1971 | 45.2% | +1.6% |
| 1972 | 45.7% | +1.2% |
| 1973 | 45.1% | -1.3% |
| 1974 | 45.4% | +0.5% |
| 1975 | 47.0% | +3.7% |
| 1976 | 46.1% | -2.0% |
| 1977 | 88.7% | +92.5% |
| 1978 | 43.2% | -51.3% |
| 1979 | 38.1% | -11.9% |
| 1991 | 58.4% | +53.4% |
| 1992 | 56.8% | -2.6% |
| 1993 | 54.8% | -3.6% |
| 1994 | 52.7% | -3.9% |
| 1995 | 52.9% | +0.4% |
| 1996 | 53.1% | +0.3% |
| 1997 | 53.0% | -0.1% |
| 1998 | 53.5% | +0.9% |
| 1999 | 54.0% | +0.9% |
| 2000 | 54.0% | +0.0% |
| 2001 | 54.5% | +0.9% |
| 2002 | 54.5% | -0.0% |
| 2003 | 54.0% | -1.0% |
| 2004 | 51.4% | -4.8% |
| 2005 | 49.8% | -3.0% |
| 2006 | 47.4% | -4.9% |
| 2007 | 47.3% | -0.2% |
| 2008 | 48.4% | +2.2% |
| 2009 | 50.7% | +4.9% |
| 2010 | 48.9% | -3.5% |
| 2011 | 47.8% | -2.4% |
| 2012 | 49.1% | +2.9% |
| 2013 | 50.5% | +2.8% |
| 2014 | 52.4% | +3.7% |
| 2015 | 54.0% | +3.1% |
| 2016 | 54.3% | +0.5% |
| 2017 | 53.9% | -0.7% |
| 2018 | 53.5% | -0.7% |
| 2019 | 54.4% | +1.6% |
| 2020 | 54.2% | -0.4% |
| 2021 | 48.7% | -10.1% |
| 2022 | 49.7% | +2.0% |
| 2023 | 51.0% | +2.6% |
| 2024 | 50.9% | -0.3% |
Peru compared with similar countries
- Peru's 50.9% is below the median for upper middle income countries, which is 58.1%, 88% of the median. (58 countries reporting)
- Peru's 50.9% is below the median for Latin America & Caribbean, which is 59.8%, 85% of the median. (39 countries reporting)
Biggest year-on-year movements
Years where Services, value added (% of GDP) in Peru changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1977 | +92.5% | 46.1% | 88.7% |
| 1991 | +53.4% | 38.1% | 58.4% |
| 1978 | -51.3% | 88.7% | 43.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 45.7% | 44.1% | 47.5% | 10 |
| 1970s | 48.9% | 38.1% | 88.7% | 10 |
| 1990s | 54.4% | 52.7% | 58.4% | 9 |
| 2000s | 51.2% | 47.3% | 54.5% | 10 |
| 2010s | 51.9% | 47.8% | 54.4% | 10 |
| 2020s | 50.9% | 48.7% | 54.2% | 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)
- SDRs holdings, US dollar, annual growth rate 5.4 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0073 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 71.12 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.3644 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0054 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 51.93 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 4.7 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0041 units per US$ of GDP (2025)
Frequently asked questions
- What is services, value added in Peru?
- Services, value added in Peru was 50.9% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Peru?
- The highest recorded value was 88.7% in 1977.
- What is the lowest services, value added recorded in Peru?
- The lowest recorded value was 38.1% in 1979.
- How does Peru rank for services, value added?
- Peru ranks 144th out of 206 countries with data for 2024.
- Is services, value added rising or falling in Peru?
- Over the last ten years it is down 2.9%. The long-run trend across the full record is rising.
- Where does this Peru data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Services, value added (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.