The 1954 season of the Primera División Peruana, the top category of Peruvian football, was played by 10 teams. The national champions were Alianza Lima
| Pos |
Team |
Pld |
W |
D |
L |
GF |
GA |
GD |
Pts |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Alianza Lima | 18 | 12 | 3 | 3 | 45 | 27 | +18 | 27 | |
| 2 | Sporting Tabaco | 18 | 11 | 2 | 5 | 41 | 32 | +9 | 24 | |
| 3 | Universitario | 18 | 9 | 3 | 6 | 38 | 26 | +12 | 21 | |
| 4 | Centro Iqueño | 18 | 7 | 6 | 5 | 25 | 22 | +3 | 20 | |
| 5 | Ciclista Lima | 18 | 9 | 1 | 8 | 26 | 24 | +2 | 19 | |
| 6 | Atletico Chalaco | 18 | 6 | 5 | 7 | 36 | 31 | +5 | 17 | |
| 7 | Sport Boys | 18 | 5 | 6 | 7 | 22 | 29 | −7 | 16 | |
| 8 | Deportivo Municipal | 18 | 6 | 3 | 9 | 27 | 33 | −6 | 15 | |
| 9 | Mariscal Sucre | 18 | 5 | 2 | 11 | 26 | 33 | −7 | 12 | |
| 10 | Carlos Concha | 18 | 3 | 3 | 12 | 18 | 47 | −29 | 9 | 1955 Segunda División |
|
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