Taxes less subsidies on products (current LCU), annual growth rate in Peru
Peru: Taxes less subsidies on products (current LCU), annual growth rate was 6.03 % change on previous year in 2024. ◆ Volatile
Taxes less subsidies on products (current LCU), annual growth rate in Peru, 1961–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for taxes less subsidies on products (current lcu), annual growth rate in Peru is 6.03 % change on previous year, measured in 2024.
That represents a change of up 414.0% on the previous year and down 8.2% over ten years.
Over the whole period, taxes less subsidies on products (current lcu), annual growth rate in Peru peaked at 196.31 % change on previous year in 1979 and was at its lowest, -13.54 % change on previous year, in 2020.
That places Peru 116th out of 197 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes less subsidies on products (current LCU), annual growth rate in Peru, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | 23.66 % change on previous year | — |
| 1962 | 10.23 % change on previous year | -56.8% |
| 1963 | 17.68 % change on previous year | +72.8% |
| 1964 | 32.35 % change on previous year | +82.9% |
| 1965 | 25.65 % change on previous year | -20.7% |
| 1966 | 24.07 % change on previous year | -6.1% |
| 1967 | 2.24 % change on previous year | -90.7% |
| 1968 | 21.9 % change on previous year | +878.1% |
| 1969 | 27.54 % change on previous year | +25.8% |
| 1970 | 6.1 % change on previous year | -77.8% |
| 1971 | 9.29 % change on previous year | +52.2% |
| 1972 | 12.96 % change on previous year | +39.4% |
| 1973 | 8.96 % change on previous year | -30.8% |
| 1974 | -1.97 % change on previous year | -122.0% |
| 1975 | 53.36 % change on previous year | -2803.4% |
| 1976 | 19.47 % change on previous year | -63.5% |
| 1978 | 116.63 % change on previous year | +498.9% |
| 1979 | 196.31 % change on previous year | +68.3% |
| 1992 | 93.33 % change on previous year | -52.5% |
| 1993 | 56.11 % change on previous year | -39.9% |
| 1994 | 51.04 % change on previous year | -9.0% |
| 1995 | 24.57 % change on previous year | -51.9% |
| 1996 | 8.19 % change on previous year | -66.7% |
| 1997 | 14.61 % change on previous year | +78.4% |
| 1998 | 5.5 % change on previous year | -62.3% |
| 1999 | -0.9009 % change on previous year | -116.4% |
| 2000 | 3.26 % change on previous year | -462.1% |
| 2001 | -2.5 % change on previous year | -176.6% |
| 2002 | 5.39 % change on previous year | -315.9% |
| 2003 | 9.73 % change on previous year | +80.4% |
| 2004 | 13.94 % change on previous year | +43.3% |
| 2005 | 9.1 % change on previous year | -34.8% |
| 2006 | 10.19 % change on previous year | +12.0% |
| 2007 | 7.14 % change on previous year | -29.9% |
| 2008 | 8.45 % change on previous year | +18.3% |
| 2009 | 5.2 % change on previous year | -38.5% |
| 2010 | 16.57 % change on previous year | +218.7% |
| 2011 | 6.11 % change on previous year | -63.1% |
| 2012 | 17.01 % change on previous year | +178.7% |
| 2013 | 11.25 % change on previous year | -33.9% |
| 2014 | 6.57 % change on previous year | -41.6% |
| 2015 | -0.1156 % change on previous year | -101.8% |
| 2016 | 2.51 % change on previous year | -2269.2% |
| 2017 | 3.53 % change on previous year | +40.8% |
| 2018 | 5.78 % change on previous year | +63.6% |
| 2019 | 8.8 % change on previous year | +52.3% |
| 2020 | -13.54 % change on previous year | -254.0% |
| 2021 | 35.35 % change on previous year | -361.1% |
| 2022 | 4.41 % change on previous year | -87.5% |
| 2023 | -1.92 % change on previous year | -143.5% |
| 2024 | 6.03 % change on previous year | -414.0% |
Peru compared with similar countries
- Peru's 6.03 % change on previous year is below the median for upper middle income countries, which is 8 % change on previous year, 75% of the median. (55 countries reporting)
- Peru's 6.03 % change on previous year is below the median for Latin America & Caribbean, which is 7.79 % change on previous year, 77% of the median. (38 countries reporting)
Biggest year-on-year movements
Years where Taxes less subsidies on products (current LCU), annual growth rate 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 |
|---|---|---|---|
| 1975 | +2803.4% | -1.97 % change on previous year | 53.36 % change on previous year |
| 2016 | +2269.2% | -0.1156 % change on previous year | 2.51 % change on previous year |
| 1968 | +878.1% | 2.24 % change on previous year | 21.9 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 20.59 % change on previous year | 2.24 % change on previous year | 32.35 % change on previous year | 9 |
| 1970s | 46.79 % change on previous year | -1.97 % change on previous year | 196.31 % change on previous year | 9 |
| 1990s | 31.56 % change on previous year | -0.9009 % change on previous year | 93.33 % change on previous year | 8 |
| 2000s | 6.99 % change on previous year | -2.5 % change on previous year | 13.94 % change on previous year | 10 |
| 2010s | 7.8 % change on previous year | -0.1156 % change on previous year | 17.01 % change on previous year | 10 |
| 2020s | 6.07 % change on previous year | -13.54 % change on previous year | 35.35 % change on previous year | 5 |
Countries ranked near Peru
- 113 Bhutan 6.38 % change on previous year compare
- 114 Indonesia 6.35 % change on previous year compare
- 115 Guatemala 6.16 % change on previous year compare
- 117 Belarus 6 % change on previous year compare
- 118 Eswatini 5.94 % change on previous year compare
- 119 Namibia 5.86 % change on previous year compare
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 taxes less subsidies on products (current lcu), annual growth rate in Peru?
- Taxes less subsidies on products (current lcu), annual growth rate in Peru was 6.03 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (current lcu), annual growth rate recorded in Peru?
- The highest recorded value was 196.31 % change on previous year in 1979.
- What is the lowest taxes less subsidies on products (current lcu), annual growth rate recorded in Peru?
- The lowest recorded value was -13.54 % change on previous year in 2020.
- How does Peru rank for taxes less subsidies on products (current lcu), annual growth rate?
- Peru ranks 116th out of 197 countries with data for 2024.
- Is taxes less subsidies on products (current lcu), annual growth rate rising or falling in Peru?
- Over the last ten years it is down 8.2%. The long-run trend across the full record is volatile.
- Where does this Peru data come from?
- The figures come from Statizoid (derived), published as part of Taxes less subsidies on products (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 51 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Taxes less subsidies on products (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Taxes less subsidies on products Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Taxes less subsidies on products (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.