Total factor productivity in Peru
Peru: Total factor productivity was 0.9623 in 2023. ▼ Falling
Latest (2023)
0.9623
Change on year
down 2.1%
World rank
102nd
of 120 countries
All-time high
1.8
in 1974
All-time low
0.9221
in 2020
Years of data
70
1954–2023
Total factor productivity in Peru, 1954–2023
Source: Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data.
Analysis
Peru recorded 0.9623 for total factor productivity in 2023.
The figure is down 2.1% on the previous year and down 13.0% over ten years.
Over the whole period, total factor productivity in Peru peaked at 1.8 in 1974 and was at its lowest, 0.9221, in 2020.
Peru ranks 102nd of 120 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 70 years of available data.
Total factor productivity in Peru, year by year
| Year | Value | Change |
|---|---|---|
| 1954 | 1.4 | — |
| 1955 | 1.41 | +0.7% |
| 1956 | 1.41 | -0.5% |
| 1957 | 1.43 | +1.7% |
| 1958 | 1.37 | -3.9% |
| 1959 | 1.39 | +1.0% |
| 1960 | 1.5 | +8.4% |
| 1961 | 1.56 | +3.7% |
| 1962 | 1.63 | +4.2% |
| 1963 | 1.63 | +0.2% |
| 1964 | 1.68 | +3.2% |
| 1965 | 1.71 | +1.4% |
| 1966 | 1.77 | +3.9% |
| 1967 | 1.77 | +0.1% |
| 1968 | 1.74 | -1.7% |
| 1969 | 1.77 | +1.5% |
| 1970 | 1.79 | +1.5% |
| 1971 | 1.79 | -0.4% |
| 1972 | 1.76 | -1.3% |
| 1973 | 1.77 | +0.1% |
| 1974 | 1.8 | +1.7% |
| 1975 | 1.77 | -1.3% |
| 1976 | 1.72 | -3.0% |
| 1977 | 1.67 | -2.7% |
| 1978 | 1.58 | -5.4% |
| 1979 | 1.59 | +0.5% |
| 1980 | 1.58 | -0.5% |
| 1981 | 1.56 | -1.4% |
| 1982 | 1.48 | -5.1% |
| 1983 | 1.28 | -13.3% |
| 1984 | 1.3 | +1.4% |
| 1985 | 1.32 | +1.2% |
| 1986 | 1.36 | +3.4% |
| 1987 | 1.43 | +5.2% |
| 1988 | 1.28 | -10.9% |
| 1989 | 1.11 | -13.5% |
| 1990 | 1.03 | -6.5% |
| 1991 | 1.01 | -1.8% |
| 1992 | 0.9976 | -1.7% |
| 1993 | 1.02 | +2.3% |
| 1994 | 1.09 | +6.4% |
| 1995 | 1.09 | +0.8% |
| 1996 | 1.07 | -2.7% |
| 1997 | 1.07 | +0.8% |
| 1998 | 1.01 | -5.9% |
| 1999 | 0.9832 | -2.7% |
| 2000 | 0.9673 | -1.6% |
| 2001 | 0.9497 | -1.8% |
| 2002 | 0.9757 | +2.7% |
| 2003 | 0.9886 | +1.3% |
| 2004 | 1 | +1.5% |
| 2005 | 1.03 | +2.5% |
| 2006 | 1.06 | +3.3% |
| 2007 | 1.1 | +3.1% |
| 2008 | 1.13 | +2.7% |
| 2009 | 1.09 | -3.3% |
| 2010 | 1.11 | +2.3% |
| 2011 | 1.11 | -0.1% |
| 2012 | 1.11 | -0.5% |
| 2013 | 1.11 | +0.0% |
| 2014 | 1.08 | -2.6% |
| 2015 | 1.07 | -0.9% |
| 2016 | 1.08 | +0.7% |
| 2017 | 1.07 | -0.8% |
| 2018 | 1.07 | +0.5% |
| 2019 | 1.06 | -1.5% |
| 2020 | 0.9221 | -12.7% |
| 2021 | 1 | +8.4% |
| 2022 | 0.9834 | -1.7% |
| 2023 | 0.9623 | -2.1% |
Peru compared with similar countries
- Peru's 0.9623 is below the median for upper middle income countries, which is 0.9902, 97% of the median. (33 countries reporting)
- Peru's 0.9623 is below the median for Latin America & Caribbean, which is 1, 96% of the median. (21 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 1.4 | 1.37 | 1.43 | 6 |
| 1960s | 1.68 | 1.5 | 1.77 | 10 |
| 1970s | 1.72 | 1.58 | 1.8 | 10 |
| 1980s | 1.37 | 1.11 | 1.58 | 10 |
| 1990s | 1.04 | 0.9832 | 1.09 | 10 |
| 2000s | 1.03 | 0.9497 | 1.13 | 10 |
| 2010s | 1.09 | 1.06 | 1.11 | 10 |
| 2020s | 0.9669 | 0.9221 | 1 | 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 total factor productivity in Peru?
- Total factor productivity in Peru was 0.9623 in 2023, according to Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest total factor productivity recorded in Peru?
- The highest recorded value was 1.8 in 1974.
- What is the lowest total factor productivity recorded in Peru?
- The lowest recorded value was 0.9221 in 2020.
- How does Peru rank for total factor productivity?
- Peru ranks 102nd out of 120 countries with data for 2023.
- Is total factor productivity rising or falling in Peru?
- Over the last ten years it is down 13.0%. The long-run trend across the full record is falling.
- Where does this Peru data come from?
- The figures come from Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data, published as part of Total factor productivity. Statizoid updates them automatically from the source API.
Download this data
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About this data
This is the level of total factor productivity, relative to each country's value in 2021 (which is set to 1). This data is adjusted for inflation and differences in living costs between countries.