Peru's taxes less subsidies on products (current LCU) was 80.43 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 55.02% from 51.88 billion in 2014 (4.48% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 80.43 billion | 2024 |
| Five years earlier | 63.29 billion | 2019 |
| Ten years earlier | 51.88 billion | 2014 |
| Highest | 80.43 billion | 2024 |
| Lowest | -994.4 | 1977 |
| Average since 2015 | 64.38 billion | 2015–2024 |
| First recorded | 4.05 |
What the numbers say
In 2024, Peru's taxes less subsidies on products (current LCU) rose 4.58 billion on 2023 (from 75.85 billion to 80.43 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +2.32 billion and a typical year strayed about 4.14 billion from that (the standard deviation). This year's change was 0.5 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 19.35 billion in 2021 and the biggest yearly fall was 8.57 billion in 2020. 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 3.44 billion a year. A straight line explains 84% 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 7th highest value of the 31 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 — 4th of 31: 586.46 billion
- Israel — 5th of 31: 173.4 billion
- Hong Kong SAR, China — 6th of 31: 83.34 billion
- Afghanistan — 8th of 31: 76.03 billion
- Bolivia — 9th of 31: 24.85 billion
- Cuba — 10th of 31: 16.49 billion
What this measures
Taxes less subsidies on products are taxes payable per unit of a good or service. 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 | Taxes less subsidies on products (current LCU) |
|---|---|
| 2024 | 80,425,000,000 |
| 2023 | 75,849,000,000 |
| 2022 | 77,335,000,000 |
| 2021 | 74,067,000,000 |
| 2020 | 54,721,000,000 |
| 2019 | 63,292,000,000 |
| 2018 | 58,175,000,000 |
| 2017 | 54,998,000,000 |
| 2016 | 53,122,000,000 |
| 2015 | 51,822,000,000 |
Taxes less subsidies on products (current LCU) in nearby economies
- Antigua and Barbuda — 737.4 million (2025)
- Argentina — 130.88 trillion (2025)
- Aruba — 861.28 million (2023)
- Bahamas, The — 1.95 billion (2024)
- Barbados — 1.67 billion (2025)
- Belize — 963.64 million (2024)
- Bolivia — 24.85 billion (2024)
- Brazil — 1.79 trillion (2025)
- Cayman Islands — 347.01 million (2024)
- Chile
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 taxes less subsidies on products (current LCU)?
- 80.43 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1960?
- It is up 1.99 trillion% from 4.05 in 1960 (44.85% a year on average, compounded). The highest value was 80.43 billion in 2024 and the lowest -994.4 in 1977.
- How does Peru rank?
- 7th highest of 31 economies with data for 2024.
- Is the latest change in taxes less subsidies on products (current LCU) unusual for Peru?
- In 2024, Peru's taxes less subsidies on products (current LCU) rose 4.58 billion on 2023 (from 75.85 billion to 80.43 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +2.32 billion and a typical year strayed about 4.14 billion from that (the standard deviation). This year's change was 0.5 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 NY.TAX.NIND.CN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); 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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