Agriculture Sector Contribution to GDP in Peru (1990-2022)

Agriculture Sector Contribution to GDP in Peru (1990-2022)

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TGM StatBox. (2024). Agriculture Sector Contribution to GDP in Peru (1990-2022). TGM StatBox.
Chart Details
Timeframe: 1990-2022
Country: Peru
Published date: 2024
Note: Agriculture (% of GDP), according to World Development Indicators, measures the contribution of the agricultural sector to a country's Gross Domestic Product (GDP). This metric reflects the economic significance of activities such as farming, forestry, and fishing, indicating the value generated by agriculture relative to the overall economy.
Key Takeaways
Peru’s agriculture sector contribution to GDP hovered around 7-8% from 1991 to 2022, with minor fluctuations. The high point of 8.5% in 1996 reflects favorable conditions and strong export performance, especially in crops like coffee and asparagus. However, as mining and services grew, agriculture’s share declined slightly, settling around 7% in recent years.

The slight rise to 7.8% in 2022 may be due to increased demand for food security amid global disruptions. Agriculture remains crucial in Peru’s economy, providing employment and export revenue, particularly for high-value crops.

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