Peru’s services sector showed varied contribution levels, starting from 58.4% in 1991 but experiencing a significant drop to 47.3% by 2007. This decrease reflects economic reforms favoring mining and agriculture over services. However, a resurgence in 2009, reaching 50.7%, indicates economic diversification and tourism recovery. From 2015 onward, the services sector's contribution gradually increased, stabilizing around 54% pre-pandemic. The sector faced challenges due to COVID-19, dropping to 49.4% in 2021, though a slight recovery to 49.5% in 2022 reflects government efforts to revitalize service industries amid a slow recovery.
Find out more through related statistics on Percentage of working-age population in Peru, Peru’s unemployment rate, Peru’s government debt as a percent of GDP.
