Peru's machinery and transport equipment (% of value added in manufacturing) was 3.58% in 2024, the latest year in the World Bank's World Development Indicators. That is down 2.21 percentage points from 5.79% in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 3.58% | 2024 |
| Five years earlier | 6.41% | 2019 |
| Ten years earlier | 5.79% | 2014 |
| Highest | 8.68% | 1980 |
| Lowest | 1.61% | 2004 |
| Average since 2015 | 5.66% | 2015–2024 |
| First recorded | 6.11% | 1974 |
What the numbers say
In 2024, Peru's machinery and transport equipment (% of value added in manufacturing) fell 1.87 percentage points on 2023 (from 5.45% to 3.58%).
Across the 30 yearly changes before that (1994 to 2023), the average change was +0.05 percentage points and a typical year strayed about 0.64 percentage points from that (the standard deviation). This year's change was 3.0 standard deviations below that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was 1.89 percentage points in 2013 and the biggest yearly fall was 2.32 percentage points in 1981. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is downward, about 0.23 percentage points a year. A straight line explains 58% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Peru had the 13th highest value of the 14 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Peru in the 2024 ranking
- Argentina — 9th of 14: 13.67%
- Nicaragua — 10th of 14: 10.86%
- Uruguay — 11th of 14: 7.19%
- Paraguay — 13th of 14: 1.51%
- Madagascar — 14th of 14: 0.89%
What this measures
Machinery and transport equipment manufacturing includes industries classified in ISIC (Rev. 3) divisions 29-35. 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 value added in manufacturing which is the contribution to the economy by the manufacturing sector (ISIC Rev. 3 major division D).
Limitations: In establishing classifications systems compilers must define both the types of activities to be described and the units whose activities are to be reported. There are many possibilities, and the choices affect how the statistics can be interpreted and how useful they are in analyzing economic behavior. The ISIC emphasizes commonalities in the production process and is explicitly not intended to measure outputs (for which there is a newly developed Central Product Classification). Nevertheless, the ISIC views an activity as defined by "a process resulting in a homogeneous set of products."
All 51 values
| Year | Machinery and transport equipment (% of value added in manufacturing) |
|---|---|
| 2024 | 3.58 |
| 2023 | 5.45 |
| 2022 | 5.53 |
| 2021 | 5.61 |
| 2020 | 4.78 |
| 2019 | 6.41 |
| 2018 | 6.27 |
| 2017 | 6.45 |
| 2016 | 6.33 |
| 2015 | 6.16 |
| 2014 |
Machinery and transport equipment (% of value added in manufacturing) in nearby economies
More economic policy & debt data for Peru
- Total reserves, including gold (current US$) — US$90.39 billion (2025)
- Total reserves, excluding gold (current US$) — US$85.53 billion (2025)
- General government final consumption expenditure (current US$) — US$43.78 billion (2025)
- General government final consumption expenditure (current LCU) — 156.16 billion (2025)
- General government final consumption expenditure (constant 2015 US$) — US$35.82 billion (2025)
- General government final consumption expenditure (constant LCU) — 85.45 billion (2025)
- General government final consumption expenditure (% of GDP) — 13.07% (2025)
- Households and NPISHs final consumption expenditure (current US$) — US$195.77 billion (2025)
Reading data like this
Questions people ask
- What is Peru's machinery and transport equipment (% of value added in manufacturing)?
- 3.58% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1974?
- It is down 2.53 percentage points from 6.11% in 1974. The highest value was 8.68% in 1980 and the lowest 1.61% in 2004.
- How does Peru rank?
- 13th highest of 14 economies with data for 2024.
- Is the latest change in machinery and transport equipment (% of value added in manufacturing) unusual for Peru?
- In 2024, Peru's machinery and transport equipment (% of value added in manufacturing) fell 1.87 percentage points on 2023 (from 5.45% to 3.58%). Across the 30 yearly changes before that (1994 to 2023), the average change was +0.05 percentage points and a typical year strayed about 0.64 percentage points from that (the standard deviation). This year's change was 3.0 standard deviations below that average, so it was unusually large compared with the rest of the record.
Source
World Bank, World Development Indicators, indicator NV.MNF.MTRN.ZS.UN, licensed CC BY 4.0. Original source: International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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