Peru’s tax revenue as a share of GDP has reached a 7-year high in 2021, according to Reuters
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LIMA (Reuters) – Peru reported on Thursday that its tax revenue had reached 16.1% of its gross domestic product in 2021, the highest level in seven years, driven mainly by strong economic recovery and higher export earnings.
The Peruvian tax authority SUNAT said in a statement that the country’s tax revenue was 139.952 billion sole ($ 35.44 million) in 2021, up 44.4% from 2020 and 19.2% from 2019, exceeding forecasts.
Luis Enrique Vera, head of SUNAT, said that these figures came back to last year’s economic growth of 13.2%, according to the central bank’s forecasts, and also boosted by rising domestic demand and rising global metal prices.
Peru is the largest copper producer in the world.
($ 1 = 3.9492 sunshine)
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