Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Peru tax revenue as share of GDP reaches 7-year high in 2021

Published 2022-01-06, 11:58 a/m
Updated 2022-01-06, 12:03 p/m

LIMA (Reuters) - Peru reported on Thursday that its tax revenue as a share of gross domestic product reached 16.1% in 2021, the highest level in seven years, driven by a strong economic recovery and higher proceeds from exports - mainly copper.

Peru's tax authority SUNAT said in a statement that the country's tax revenue totaled 139.952 million soles ($35.44 million) in 2021, up 44.4% from 2020 and 19.2% from 2019, exceeding expectations.

SUNAT's head Luis Enrique Vera said the figures came on the back of a 13.2% economic growth last year, according to the central bank's projections, and were also boosted by rising intern demand and higher global metal prices.

Peru is the world's second-largest copper producer.

($1 = 3.9492 soles)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.