Peru's manufacturing, value added (current LCU) was 134.07 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 68.48% from 79.58 billion in 2014 (5.35% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 134.07 billion | 2024 |
| Five years earlier | 97.91 billion | 2019 |
| Ten years earlier | 79.58 billion | 2014 |
| Highest | 134.07 billion | 2024 |
| Lowest | 12.7 | 1960 |
| Average since 2015 | 102.39 billion | 2015–2024 |
| First recorded | 12.7 |
What the numbers say
In 2024, Peru's manufacturing, value added (current LCU) rose 5.2% on 2023 (from 127.42 billion to 134.07 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +8.8% and a typical year strayed about 9.3% from that (the standard deviation). This year's change was 0.4 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 156.2% in 1977 and the biggest yearly fall was 13.3% in 1978. 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 upward, about 5.45 billion a year. A straight line explains 83% 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 12th highest value of the 45 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
- Togo — 9th of 45: 736.9 billion
- Israel — 10th of 45: 225.55 billion
- United Arab Emirates — 11th of 45: 190.14 billion
- Cuba — 13th of 45: 115.82 billion
- Afghanistan — 14th of 45: 106.23 billion
- Bolivia — 15th of 45: 49.55 billion
What this measures
Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical transformation of materials or components into new products. 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 in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 54 values
| Year | Manufacturing, value added (current LCU) |
|---|---|
| 2024 | 134,066,000,000 |
| 2023 | 127,423,000,000 |
| 2022 | 116,968,000,000 |
| 2021 | 105,972,000,000 |
| 2020 | 86,248,000,000 |
| 2019 | 97,910,000,000 |
| 2018 | 96,343,000,000 |
| 2017 | 89,238,000,000 |
| 2016 | 86,425,000,000 |
| 2015 | 83,337,000,000 |
Manufacturing, value added (current LCU) in nearby economies
- Antigua and Barbuda — 153.86 million (2025)
- Argentina — 115.14 trillion (2025)
- Aruba — 157.98 million (2023)
- Bahamas, The — 99.7 million (2024)
- Barbados — 752.09 million (2024)
- Belize — 422.49 million (2024)
- Bolivia — 49.55 billion (2024)
- Brazil — 1.5 trillion (2025)
- Cayman Islands — 56.01 million (2024)
- Chile — 30.44 trillion (2025)
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 manufacturing, value added (current LCU)?
- 134.07 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1960?
- It is up 1.06 trillion% from 12.7 in 1960 (43.42% a year on average, compounded). The highest value was 134.07 billion in 2024 and the lowest 12.7 in 1960.
- How does Peru rank?
- 12th highest of 45 economies with data for 2024.
- Is the latest change in manufacturing, value added (current LCU) unusual for Peru?
- In 2024, Peru's manufacturing, value added (current LCU) rose 5.2% on 2023 (from 127.42 billion to 134.07 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +8.8% and a typical year strayed about 9.3% from that (the standard deviation). This year's change was 0.4 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NV.IND.MANF.CN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; Staff estimates, World Bank (WB) 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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