Taxes less subsidies on products (current US$) in Peru
Peru: Taxes less subsidies on products (current US$) was 21.42 billion current US$ in 2024. ◆ Volatile
Taxes less subsidies on products in Peru, 1960–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
Peru recorded 21.42 billion current US$ for taxes less subsidies on products in 2024. That is the highest value across all 54 years on record.
That represents a change of up 5.7% on the previous year and up 17.2% over ten years.
Over the whole period, taxes less subsidies on products in Peru peaked at 21.42 billion current US$ in 2024 and was at its lowest, -11.81 billion current US$, in 1977.
That places Peru 43rd out of 199 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes less subsidies on products (current US$) in Peru, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 148.31 million current US$ | — |
| 1961 | 186.69 million current US$ | +25.9% |
| 1962 | 205.77 million current US$ | +10.2% |
| 1963 | 242.16 million current US$ | +17.7% |
| 1964 | 320.49 million current US$ | +32.3% |
| 1965 | 402.69 million current US$ | +25.6% |
| 1966 | 499.63 million current US$ | +24.1% |
| 1967 | 452.92 million current US$ | -9.3% |
| 1968 | 431.52 million current US$ | -4.7% |
| 1969 | 550.39 million current US$ | +27.5% |
| 1970 | 583.98 million current US$ | +6.1% |
| 1971 | 638.24 million current US$ | +9.3% |
| 1972 | 720.93 million current US$ | +13.0% |
| 1973 | 785.53 million current US$ | +9.0% |
| 1974 | 770.03 million current US$ | -2.0% |
| 1975 | 1.13 billion current US$ | +47.0% |
| 1976 | 979.27 million current US$ | -13.5% |
| 1977 | -11.81 billion current US$ | -1305.5% |
| 1978 | 1.06 billion current US$ | -109.0% |
| 1979 | 2.18 billion current US$ | +106.2% |
| 1991 | 2.71 billion current US$ | +24.2% |
| 1992 | 3.26 billion current US$ | +20.3% |
| 1993 | 3.20 billion current US$ | -1.9% |
| 1994 | 4.37 billion current US$ | +36.8% |
| 1995 | 5.30 billion current US$ | +21.3% |
| 1996 | 5.27 billion current US$ | -0.6% |
| 1997 | 5.57 billion current US$ | +5.6% |
| 1998 | 5.34 billion current US$ | -4.1% |
| 1999 | 4.58 billion current US$ | -14.2% |
| 2000 | 4.59 billion current US$ | +0.1% |
| 2001 | 4.45 billion current US$ | -3.0% |
| 2002 | 4.68 billion current US$ | +5.1% |
| 2003 | 5.19 billion current US$ | +10.9% |
| 2004 | 6.03 billion current US$ | +16.1% |
| 2005 | 6.81 billion current US$ | +13.0% |
| 2006 | 7.55 billion current US$ | +10.9% |
| 2007 | 8.47 billion current US$ | +12.1% |
| 2008 | 9.82 billion current US$ | +16.0% |
| 2009 | 10.04 billion current US$ | +2.2% |
| 2010 | 12.48 billion current US$ | +24.3% |
| 2011 | 13.58 billion current US$ | +8.8% |
| 2012 | 16.59 billion current US$ | +22.2% |
| 2013 | 18.02 billion current US$ | +8.6% |
| 2014 | 18.27 billion current US$ | +1.4% |
| 2015 | 16.27 billion current US$ | -10.9% |
| 2016 | 15.74 billion current US$ | -3.3% |
| 2017 | 16.87 billion current US$ | +7.2% |
| 2018 | 17.70 billion current US$ | +4.9% |
| 2019 | 18.97 billion current US$ | +7.2% |
| 2020 | 15.66 billion current US$ | -17.4% |
| 2021 | 19.09 billion current US$ | +21.9% |
| 2022 | 20.16 billion current US$ | +5.6% |
| 2023 | 20.26 billion current US$ | +0.5% |
| 2024 | 21.42 billion current US$ | +5.7% |
Peru compared with similar countries
- Peru's 21.42 billion current US$ is above the median for upper middle income countries, which is 3.44 billion current US$, 6.2× the median. (55 countries reporting)
- Peru's 21.42 billion current US$ is above the median for Latin America & Caribbean, which is 1.67 billion current US$, 12.8× the median. (38 countries reporting)
Biggest year-on-year movements
Years where Taxes less subsidies on products (current US$) 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 | -1305.5% | 979.27 million current US$ | -11.81 billion current US$ |
| 1978 | +109.0% | -11.81 billion current US$ | 1.06 billion current US$ |
| 1979 | +106.2% | 1.06 billion current US$ | 2.18 billion current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 344.06 million current US$ | 148.31 million current US$ | 550.39 million current US$ | 10 |
| 1970s | -295.63 million current US$ | -11.81 billion current US$ | 2.18 billion current US$ | 10 |
| 1990s | 4.40 billion current US$ | 2.71 billion current US$ | 5.57 billion current US$ | 9 |
| 2000s | 6.76 billion current US$ | 4.45 billion current US$ | 10.04 billion current US$ | 10 |
| 2010s | 16.45 billion current US$ | 12.48 billion current US$ | 18.97 billion current US$ | 10 |
| 2020s | 19.32 billion current US$ | 15.66 billion current US$ | 21.42 billion current US$ | 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 taxes less subsidies on products in Peru?
- Taxes less subsidies on products in Peru was 21.42 billion current US$ in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest taxes less subsidies on products recorded in Peru?
- The highest recorded value was 21.42 billion current US$ in 2024.
- What is the lowest taxes less subsidies on products recorded in Peru?
- The lowest recorded value was -11.81 billion current US$ in 1977.
- How does Peru rank for taxes less subsidies on products?
- Peru ranks 43rd out of 199 countries with data for 2024.
- Is taxes less subsidies on products rising or falling in Peru?
- Over the last ten years it is up 17.2%. The long-run trend across the full record is volatile.
- Where does this Peru data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Taxes less subsidies on products (current US$). Statizoid updates them automatically from the source API.
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About this data
Taxes less subsidies on products are taxes payable per unit of a good or service. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.