Total factor productivity in Peru
Peru: Total factor productivity was 0.9623 in 2023. ▼ Falling
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.
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
- External balance on goods and services as a percent of GDP 8.1% (2025)
- Inflation of consumer prices 1.5% (2025)
- GDP per capita 6,891 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 12.2% (2024)
- Gross domestic product (GDP) 238.27 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 6,891 constant 2015 US$ (2025)
- DEC alternative conversion factor 3.57 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 28.34 billion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 7.94 billion current US$ (2025)
- Taxes less subsidies on products 80.42 billion current LCU (2024)
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.
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CSV · JSON — 70 observations, free to reuse under CC BY 4.0 (Our World in Data).
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.