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

Reuters

LIMA – 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.

Related News:   New York, New Jersey Say Their Ports Can Take Additional Cargo While Baltimore Shut Down

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


($1 = 3.9492 soles)


(Reporting by Marco Aquino; Writing by Gabriel Araujo)

You appear to be using an ad blocker

Shore News Network is a free website that does not use paywalls or charge for access to original, breaking news content. In order to provide this free service, we rely on advertisements. Please support our journalism by disabling your ad blocker for this website.