Peru: Taxes on goods and services (% of industry and services value added)

Key figures

What the numbers say

In 2021, Peru's taxes on goods and services (% of industry and services value added) rose 1.5 percentage points on 2020 (from 7.62% to 9.12%).

Across the 30 yearly changes before that (1979 to 2020), the average change was −0.02 percentage points and a typical year strayed about 0.49 percentage points from that (the standard deviation). This year's change was 3.1 standard deviations above that average, so it was unusually large compared with the rest of the record.

On record, the biggest yearly rise was 4.51 percentage points in 1978 and the biggest yearly fall was 3.18 percentage points 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 2012 to 2021 there is no clear straight-line trend: a straight line explains 19% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

Closest to Peru in the 2021 ranking

• Maldives — 1st of 9: 13.75%
• Burundi — 2nd of 9: 13.39%
• Cameroon — 4th of 9: 8.14%
• Eswatini — 5th of 9: 7.6%
• Bangladesh — 6th of 9: 4.91%

What this measures

General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. This indicator is expressed as a percentage of value added in industry and services which is the contribution to the economy by industries in ISIC (Rev. 3) divisions 05-43 and 50-99.

Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).

All 39 values

Taxes on goods and services (% of industry and services value added) in nearby economies

• Argentina — 6.91% (2024)
• Bahamas, The — 13.1% (2024)
• Barbados — 13.13% (2016)
• Belize — 15.35% (2017)
• Brazil — 6.72% (2024)
• Chile — 11.92% (2024)
• Colombia — 8.85% (2024)
• Costa Rica — 8.27% (2024)
• Dominican Republic

More public sector data for Peru

• Military expenditure (current USD) — 2.6 billion (2025)
• Military expenditure (current LCU) — 9.27 billion (2025)
• Military expenditure (% of GDP) — 0.81% (2025)
• Arms imports (SIPRI trend indicator values) — 90 million (2025)
• Net investment in nonfinancial assets (current LCU) — 14.11 billion (2021)
• Net investment in nonfinancial assets (% of GDP) — 1.61% (2021)
• Net lending (+) / net borrowing (-) (current LCU) — -28.47 billion (2021)
• Net lending (+) / net borrowing (-) (% of GDP) — -3.24% (2021)
• Grants and other revenue (current LCU) — 28.38 billion (2021)
• Grants and other revenue (% of revenue)

Reading data like this

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Questions people ask

What is Peru's taxes on goods and services (% of industry and services value added)?

9.12% in 2021, according to the World Bank (World Development Indicators).

How has it changed since 1972?

It is up 2.7 percentage points from 6.42% in 1972. The highest value was 10.2% in 1994 and the lowest 3.58% in 1977.

Is the latest change in taxes on goods and services (% of industry and services value added) unusual for Peru?

In 2021, Peru's taxes on goods and services (% of industry and services value added) rose 1.5 percentage points on 2020 (from 7.62% to 9.12%). Across the 30 yearly changes before that (1979 to 2020), the average change was −0.02 percentage points and a typical year strayed about 0.49 percentage points from that (the standard deviation). This year's change was 3.1 standard deviations above that average, so it was unusually large compared with the rest of the record.

Where does this data come from?

Source

World Bank, World Development Indicators, indicator GC.TAX.GSRV.VA.ZS, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) 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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