Peru: Services, value added (current US$)

Key figures

What the numbers say

In 2024, Peru's services, value added (current US$) rose 8.5% on 2023 (from US$136.73 billion to US$148.41 billion).

Across the 30 yearly changes before that (1994 to 2023), the average change was +7.1% and a typical year strayed about 8.2% from that (the standard deviation). This year's change was 0.2 standard deviations above 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 73.5% in 1977 and the biggest yearly fall was 58.2% 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 US$3.89 billion a year. A straight line explains 65% 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 5th highest value of the 30 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

• Israel — 2nd of 30: US$395.04 billion
• Hong Kong SAR, China — 3rd of 30: US$373.47 billion
• United Arab Emirates — 4th of 30: US$303.23 billion
• Macao SAR, China — 6th of 30: US$45.52 billion
• Bolivia — 7th of 30: US$29.29 billion
• Trinidad and Tobago — 8th of 30: US$15.17 billion

What this measures

Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. 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 indicator is expressed in United States dollars.

Regional and income-group figures are computed by the World Bank as a gap-filled total.

All 54 values

Services, value added (current US$) in nearby economies

• Antigua and Barbuda — US$1.61 billion (2025)
• Argentina — US$383.58 billion (2025)
• Aruba — US$2.86 billion (2023)
• Bahamas, The — US$12.22 billion (2024)
• Barbados — US$5.76 billion (2024)
• Belize — US$2 billion (2024)
• Bolivia — US$29.29 billion (2024)
• Brazil — US$1.36 trillion (2025)
• Cayman Islands — US$6.72 billion (2024)
• Chile — US$198.39 billion (2025)
• Colombia

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

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Questions people ask

What is Peru's services, value added (current US$)?

US$148.41 billion in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1960?

It is up 12,922% from US$1.14 billion in 1960 (7.91% a year on average, compounded). The highest value was US$148.41 billion in 2024 and the lowest US$1.14 billion in 1960.

How does Peru rank?

5th highest of 30 economies with data for 2024.

Is the latest change in services, value added (current US$) unusual for Peru?

In 2024, Peru's services, value added (current US$) rose 8.5% on 2023 (from US$136.73 billion to US$148.41 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +7.1% and a typical year strayed about 8.2% from that (the standard deviation). This year's change was 0.2 standard deviations above 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.SRV.TOTL.CD, 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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