Peru: Taxes less subsidies on products (current US$)

Key figures

What the numbers say

In 2024, Peru's taxes less subsidies on products (current US$) rose US$1.16 billion on 2023 (from US$20.26 billion to US$21.42 billion).

Across the 30 yearly changes before that (1994 to 2023), the average change was +US$568.77 million and a typical year strayed about US$1.29 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 US$12.86 billion in 1978 and the biggest yearly fall was US$12.78 billion in 1977. 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$577.76 million a year. A straight line explains 72% 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 3rd 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 — 1st of 30: US$46.87 billion
• Japan — 2nd of 30: US$24.19 billion
• Iran, Islamic Rep. — 4th of 30: US$15.89 billion
• Lebanon — 5th of 30: US$15.74 billion
• Hong Kong SAR, China — 6th of 30: US$10.68 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 indicator is expressed in United States dollars.

All 54 values

Taxes less subsidies on products (current US$) in nearby economies

• Antigua and Barbuda — US$273.11 million (2025)
• Argentina — US$105.47 billion (2025)
• Aruba — US$481.16 million (2023)
• Bahamas, The — US$1.95 billion (2024)
• Barbados — US$833.4 million (2025)
• Belize — US$481.82 million (2024)
• Bolivia — US$3.6 billion (2024)
• Brazil — US$319.76 billion (2025)
• Cayman Islands — US$416.41 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

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Questions people ask

What is Peru's taxes less subsidies on products (current US$)?

US$21.42 billion in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1960?

It is up 14,346% from US$148.3 million in 1960 (8.08% a year on average, compounded). The highest value was US$21.42 billion in 2024 and the lowest −US$11.81 billion in 1977.

How does Peru rank?

3rd highest of 30 economies with data for 2024.

Is the latest change in taxes less subsidies on products (current US$) unusual for Peru?

In 2024, Peru's taxes less subsidies on products (current US$) rose US$1.16 billion on 2023 (from US$20.26 billion to US$21.42 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +US$568.77 million and a typical year strayed about US$1.29 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.CD, 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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