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Economy of Afghanistan vs Peru compared: GDP & Debt

Updated on by Georank team

Afghanistan has a GDP of $17.2B compared to $289B for Peru, ranking 137/197 and 49/197 by economy size, respectively.

Afghanistan has $1.42B in government debt (8.25% of GDP), compared to $94.8B (33.7% of GDP) in Peru.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Afghanistan
GDP, current $

GDP, constant 2015 $
Peru
GDP, current $

GDP, constant 2015 $
Year GDP
Afghanistan Peru
Current $ Constant $ Current $ Constant $
1960 - - $2,571,986,572 $27,514,598,739
1961 - - $2,897,852,693 $29,536,122,814
1962 - - $3,284,322,201 $32,500,159,378
1963 - - $3,598,272,493 $33,906,847,467
1964 - - $4,353,664,867 $36,127,022,964
1965 - - $5,163,008,077 $38,157,987,898
1966 - - $6,109,048,737 $41,301,794,164
1967 - - $6,194,340,080 $42,892,972,386
1968 - - $5,736,083,835 $42,958,271,666
1969 - - $6,420,909,790 $44,468,022,473
1970 - - $7,432,223,177 $45,964,792,098
1971 - - $8,289,582,884 $48,074,824,232
1972 - - $9,189,413,409 $49,746,643,130
1973 - - $10,994,381,895 $52,869,207,462
1974 - - $13,858,441,211 $57,831,952,690
1975 - - $16,931,162,355 $60,319,225,841
1976 - - $16,131,958,851 $61,192,111,990
1977 - - $14,544,913,961 $61,405,711,440
1978 - - $12,491,876,743 $59,783,063,686
1979 - - $15,954,012,439 $62,228,639,707
1980 - - $18,136,838,538 $65,927,096,479
1981 - - $21,648,214,893 $69,587,396,443
1982 - - $21,794,535,621 $69,432,408,996
1983 - - $17,345,260,564 $62,205,824,296
1984 - - $17,600,400,385 $64,450,388,680
1985 - - $15,078,736,875 $65,778,796,308
1986 - - $21,859,448,586 $71,979,080,890
1987 - - $36,889,706,593 $78,979,871,696
1988 - - $15,439,408,447 $71,523,166,042
1989 - - $22,499,558,526 $62,717,204,195
1990 - - $26,410,386,963 $59,592,279,647
1991 - - $34,341,465,998 $60,914,786,738
1992 - - $35,966,302,303 $60,585,536,757
1993 - - $34,832,077,221 $63,762,386,033
1994 - - $44,882,079,767 $71,610,493,994
1995 - - $53,312,793,687 $76,917,830,599
1996 - - $55,252,414,130 $79,070,739,970
1997 - - $58,147,522,523 $84,192,012,967
1998 - - $55,501,467,877 $83,862,369,617
1999 - - $50,187,324,568 $85,116,037,106
2000 $3,521,418,060 $6,206,547,590 $51,744,749,133 $87,409,379,265
2001 $2,813,571,754 $5,621,147,631 $52,030,158,775 $87,949,475,111
2002 $3,825,701,439 $7,228,795,919 $54,777,553,515 $92,745,825,187
2003 $4,520,946,819 $7,867,263,256 $58,731,030,122 $96,608,710,265
2004 $5,224,896,719 $7,978,515,642 $66,768,703,498 $101,398,766,434
2005 $6,203,256,539 $8,874,480,196 $76,060,606,061 $107,771,740,074
2006 $6,971,758,282 $9,349,921,886 $88,643,193,062 $115,885,765,582
2007 $9,747,886,187 $10,642,671,963 $102,170,981,144 $125,757,364,463
2008 $10,109,297,048 $11,060,395,116 $120,550,599,815 $137,234,696,225
2009 $12,416,152,732 $13,426,272,073 $120,822,986,521 $138,738,546,495
2010 $15,856,668,556 $15,354,612,542 $147,527,631,521 $150,298,879,148
2011 $17,805,098,206 $15,420,077,666 $171,761,737,047 $159,808,578,409
2012 $19,907,329,778 $17,386,490,239 $192,650,021,649 $169,620,385,179
2013 $20,146,416,758 $18,360,263,163 $201,175,543,571 $179,547,449,111
2014 $20,497,128,556 $18,860,496,494 $200,786,250,583 $183,824,551,906
2015 $19,134,221,645 $19,134,221,645 $189,802,976,286 $189,802,976,286
2016 $18,116,572,395 $19,566,715,174 $191,898,104,390 $197,306,492,869
2017 $18,753,456,498 $20,084,646,751 $211,007,984,081 $202,276,318,742
2018 $18,053,222,687 $20,323,499,020 $222,597,009,739 $210,305,376,513
2019 $18,799,444,490 $21,118,473,702 $228,346,006,004 $215,017,545,590
2020 $19,955,929,052 $20,621,957,125 $201,409,694,756 $191,509,018,300
2021 $14,259,995,441 $16,345,202,563 $226,328,766,460 $217,099,648,514
2022 $14,497,243,872 $15,325,233,810 $246,065,570,308 $223,198,050,485
2023 $17,152,234,637 $15,672,648,238 $266,958,720,838 $222,298,021,864
2024 - - $289,221,969,060 $229,642,617,310

Economic indicators

Afghanistan Peru
Gross domestic product
$17.2B
2023
$289B
2024
GDP rank
137/197
2023
49/197
2024
GDP growth
18.3%
2022-2023
8.34%
2023-2024
GDP per capita
$414
2023
$8,452
2024
GDP per capita rank
196/197
2023
93/197
2024
GDP per capita, PPP
$2,202
2023
$17,802
2024
Government debt
$1.42B
2023
$94.8B
2024
Debt-to-GDP ratio
8.25%
2023
33.7%
2025
Government debt per person
$34.2
2023
$2,770
2024
Government debt per person rank
185/185
2023
106/185
2024
Average annual personal income after taxes
$1,632
2025
$6,804
2025
Market capitalization of domestic companies n/a
$82.2B
2024
Income share by richest 10% n/a
30.3%
2024
Income share by poorest 10% n/a
2%
2024
Government expenditure, % of GDP
17%
2023
22.6%
2025
Consumer prices inflation
-4.3%
2023-2024
2.01%
2023-2024
Central bank interest rate
6%
2021
4.25%
2025
Unemployment rate
5.68%
2021
5.2%
2024
Population
44810409
34854181

GDP per capita in Afghanistan vs Peru

Afghanistan's GDP per capita is $414, ranking 196/197, compared to $8,452 in Peru, ranking 93/197. Adjusted for purchasing power (GDP per capita PPP), Afghanistan ranks 184th at $2,202, while Peru ranks 102nd at $17,802.

Afghanistan
GDP per capita

GDP per capita, PPP
Peru
GDP per capita

GDP per capita, PPP
Year Current $
Afghanistan Peru
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1960 - - $252.8 -
1961 - - $276.6 -
1962 - - $305 -
1963 - - $324 -
1964 - - $381 -
1965 - - $439 -
1966 - - $505 -
1967 - - $498 -
1968 - - $448 -
1969 - - $488 -
1970 - - $550 -
1971 - - $599 -
1972 - - $647 -
1973 - - $754 -
1974 - - $927 -
1975 - - $1,104 -
1976 - - $1,026 -
1977 - - $903 -
1978 - - $756 -
1979 - - $942 -
1980 - - $1,045 -
1981 - - $1,216 -
1982 - - $1,194 -
1983 - - $927 -
1984 - - $918 -
1985 - - $767 -
1986 - - $1,087 -
1987 - - $1,792 -
1988 - - $733 -
1989 - - $1,045 -
1990 - - $1,200 $3,367
1991 - - $1,527 $3,484
1992 - - $1,567 $3,472
1993 - - $1,488 $3,666
1994 - - $1,879 $4,123
1995 - - $2,190 $4,435
1996 - - $2,227 $4,556
1997 - - $2,301 $4,844
1998 - - $2,156 $4,791
1999 - - $1,917 $4,847
2000 $174.9 $814 $1,945 $5,012
2001 $138.7 $748 $1,930 $5,086
2002 $179 $927 $2,007 $5,383
2003 $198.9 $967 $2,129 $5,657
2004 $221.8 $972 $2,397 $6,038
2005 $254.2 $1,076 $2,707 $6,560
2006 $274.2 $1,122 $3,130 $7,214
2007 $376 $1,287 $3,581 $7,982
2008 $382 $1,334 $4,198 $8,820
2009 $452 $1,571 $4,181 $8,917
2010 $561 $1,766 $5,072 $9,713
2011 $607 $1,744 $5,861 $10,463
2012 $651 $1,988 $6,519 $10,757
2013 $637 $2,133 $6,747 $11,291
2014 $625 $2,224 $6,667 $11,518
2015 $566 $2,284 $6,232 $11,600
2016 $522 $2,213 $6,217 $12,067
2017 $525 $2,336 $6,736 $12,592
2018 $491 $2,432 $6,978 $13,078
2019 $497 $2,583 $7,037 $13,564
2020 $511 $2,562 $6,133 $12,563
2021 $356 $2,144 $6,826 $15,281
2022 $357 $2,123 $7,351 $16,669
2023 $414 $2,202 $7,888 $17,011
2024 - - $8,452 $17,802

Spending and national debt comparison

In 2024, Afghanistan's government spending was $2.91B, accounting for 17% of its GDP, while Peru's spent $65.6B, or 22.6% of GDP.

Debt-to-GDP ratio is 8.25% in Afghanistan and 33.7% in Peru, ranking 181/185 and 153/185, respectively.

Afghanistan
Government spending

Government debt
Peru
Government spending

Government debt
Year % of GDP
Afghanistan Peru
Government spending Government debt Government spending Government debt
1960 - - 13.3% -
1961 - - 14.8% 16%
1962 - - 14.6% -
1963 - - 16.2% -
1964 - - 16.9% 14.1%
1965 - - 18.7% 14.5%
1966 - - 18.6% 17%
1967 - - 19.1% 12.1%
1968 - - 18.4% 15.2%
1969 - - 16.4% -
1970 - - 14.3% 20%
1971 - - 15% 19%
1972 - - 15.3% 20.6%
1973 - - 19.5% 22.6%
1974 - - 17.7% 24%
1975 - - 19.8% 27%
1976 - - 21.1% 34.5%
1977 - - 19.4% 44.8%
1978 - - 19% 56%
1979 - - 16.4% 45.9%
1980 - - 19.3% 36.3%
1981 - - 18.4% 30.6%
1982 - - 17.6% 34.2%
1983 - - 19.4% 56.2%
1984 - - 18.3% 56.7%
1985 - - 17.2% 63.4%
1986 - - 16.6% 48.6%
1987 - - 15.5% 39.1%
1988 - - 12.8% 42.8%
1989 - - 12.1% 34.9%
1990 - - 20.4% 56.3%
1991 - - 15.7% 48.3%
1992 - - 19.1% 46.8%
1993 - - 18.2% 49.9%
1994 - - 16.9% 41.9%
1995 - - 17.5% 36.8%
1996 - - 16.5% 37.4%
1997 - - 15.6% 34.5%
1998 - - 16.3% 36.8%
1999 - - 17.8% 41.1%
2000 - - 21.7% 44.9%
2001 - - 20.9% 43.8%
2002 6.94% 346% 19.6% 45.5%
2003 11.9% 270.6% 20.1% 49.4%
2004 15.1% 245% 19.6% 46.7%
2005 15.7% 206.4% 20.4% 40.4%
2006 18.3% 23% 19.2% 34.9%
2007 21.4% 20.1% 18.6% 31.9%
2008 20.9% 19.1% 19.8% 28%
2009 21.2% 16.2% 21.4% 28.3%
2010 20.8% 7.7% 21% 25.1%
2011 21.9% 7.5% 19.7% 23%
2012 25% 6.76% 20.3% 20.6%
2013 25% 6.9% 21.5% 19.9%
2014 25.4% 8.7% 22.4% 20.5%
2015 25.9% 9.15% 22.2% 23.9%
2016 28% 8.44% 20.8% 24.2%
2017 27.7% 8% 20.9% 25.1%
2018 28.9% 7.38% 21.2% 25.9%
2019 28% 6.14% 21.1% 26.9%
2020 27.9% 7.33% 26.1% 34.9%
2021 17.9% 11.1% 23.5% 36.1%
2022 16.1% 10.6% 23.5% 34%
2023 17% 8.25% 22.5% 33%
2024 - - 22.7% 32.8%
2025 - - 22.6% 33.7%

Government deficit by year

In 2023, Afghanistan's government deficit, the difference between spending and revenue, was -$234M, equivalent to -1.36% of GDP. This compares to Peru's deficit of -$7.54B, or -2.82% of GDP.

Over the past 22 years, Afghanistan recorded a fiscal deficit in 17 of those years, while Peru ran a deficit in 16 years. On average, Afghanistan posted an annual deficit equal to -0.97% of GDP, compared to deficit of -0.86% of GDP for Peru.

Deficit/surplus
Afghanistan

Peru
Year Deficit/surplus, % of GDP
Afghanistan Peru
1900 - 0%
1901 - 0.26%
1902 - 0.26%
1903 - 0.24%
1904 - 0.22%
1905 - 0.2%
1906 - 0.38%
1907 - 0.18%
1908 - -0.18%
1909 - -0.33%
1910 - 0.16%
1911 - 0.32%
1912 - -0.45%
1913 - -3.04%
1914 - -1.59%
1915 - -0.74%
1916 - 0.27%
1917 - -0.25%
1918 - -0.34%
1919 - -0.26%
1920 - -0.4%
1921 - -1.53%
1922 - -1.24%
1923 - -0.85%
1924 - -1.31%
1925 - -1.69%
1926 - -1.84%
1927 - 0%
1928 - -1.88%
1929 - 0.008%
1930 - -0.67%
1931 - -0.28%
1932 - -0.57%
1933 - 0.02%
1934 - 0.11%
1935 - 0.09%
1936 - 0.18%
1937 - 0.18%
1938 - -1.57%
1939 - -1.01%
1940 - 0.27%
1941 - -1.76%
1942 - -2.38%
1943 - 0.18%
1944 - 0%
1945 - 0%
1946 - -1.39%
1947 - -0.54%
1948 - -0.84%
1949 - 0.26%
1950 - 0.08%
1951 - 0.61%
1952 - 0.04%
1953 - -2.35%
1954 - -0.66%
1955 - 0.06%
1956 - -0.93%
1957 - -2.23%
1958 - -2.63%
1959 - -1.46%
1960 - 3.32%
1961 - 2.46%
1962 - 2.16%
1963 - -1.86%
1964 - -3.37%
1965 - -4.79%
1966 - -5.41%
1967 - -3.76%
1968 - -3.28%
1969 - -1.1%
1970 - -0.42%
1971 - -1.89%
1972 - -2.04%
1973 - -6.68%
1974 - -4.47%
1975 - -6.54%
1976 - -8.37%
1977 - -6.52%
1978 - -5.07%
1979 - -0.54%
1980 - -2.36%
1981 - -3.98%
1982 - -3.22%
1983 - -7.52%
1984 - -4.45%
1985 - -2.41%
1986 - -4.08%
1987 - -6.26%
1988 - -3.57%
1989 - -1.3%
1990 - -7.99%
1991 - -1.98%
1992 - -3.55%
1993 - -2.82%
1994 - -1.9%
1995 - -2.05%
1996 - -0.25%
1997 - 0.47%
1998 - -0.2%
1999 - -2.93%
2000 - -2.12%
2001 - -2.15%
2002 -0.1% -1.4%
2003 -2.1% -1.62%
2004 -2.39% -1.03%
2005 -0.92% -0.44%
2006 0.68% 2.03%
2007 -2.46% 3.35%
2008 -3.86% 2.48%
2009 -1.76% -1.48%
2010 0.93% -0.02%
2011 -0.67% 2.04%
2012 0.18% 2.07%
2013 -0.63% 0.75%
2014 -1.72% -0.19%
2015 -1.38% -2.04%
2016 0.13% -2.15%
2017 -0.67% -2.83%
2018 1.63% -1.96%
2019 -1.06% -1.39%
2020 -2.24% -8.3%
2021 -0.48% -2.53%
2022 -1% -1.4%
2023 -1.36% -2.82%
2024 - -3.6%
2025 - -2.54%

Inflation comparison by year

Over the past 22 years, Afghanistan has recorded an average annual inflation rate of 7%, compared with 3.25% in Peru. In 2024, inflation was -4.3% in Afghanistan and 2.01% in Peru.

Inflation
Afghanistan

Peru
Year Inflation
Afghanistan Peru Afghanistan Peru
1996 - 11.5%
1997 - 8.56%
1998 - 7.25%
1999 - 3.47%
2000 - 3.76%
2001 - 1.98%
2002 - 0.19%
2003 35.7% 2.26%
2004 16.4% 3.66%
2005 10.6% 1.62%
2006 6.8% 2%
2007 8.7% 1.78%
2008 26.4% 5.79%
2009 -6.8% 2.94%
2010 2.2% 1.53%
2011 11.8% 3.37%
2012 6.4% 3.61%
2013 7.4% 2.77%
2014 4.7% 3.41%
2015 -0.7% 3.4%
2016 4.4% 3.56%
2017 5% 2.99%
2018 0.6% 1.51%
2019 2.3% 2.25%
2020 5.6% 2%
2021 7.8% 4.27%
2022 10.6% 8.33%
2023 -7.7% 6.46%
2024 -4.3% 2.01%

Top exports between countries

Afghanistan
Export category Export value
Peru
Export category Export value
Raw agricultural goods $6K
Textiles & consumer goods $5K

Balance of trade

Afghanistan Peru
Current account balance
-$3.14B
2020
$6.39B
2024
Current account balance ranking
157/189
2020
29/189
2024
Current account balance, % of GDP
-15.7%
2020
+2.21%
2024
Goods imports
$5.88B
2020
$52.1B
2024
Goods exports
$777M
2020
$76.2B
2024
Service imports
$1.11B
2020
$15.1B
2024
Service exports
$700M
2020
$7.15B
2024
Imports of goods and services, % of GDP
50.7%
2023
22.9%
2024
Exports of goods and services, % of GDP
16.9%
2023
28.5%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Afghanistan Peru
Economic freedom 53 65.9
Economic freedom ranking 142/197 60/197
Property rights 7.4 44.9
Government integrity 14.1 34
Judicial effectiveness 2.7 47.3
Tax burden 91.1 79.4
Government spending 76.1 83.9
Fiscal health 99.9 89.8
Business freedom 34.6 70.6
Labor freedom 45.1 65.1
Monetary freedom 80.8 73.9
Trade freedom 68.6 81.6
Investment freedom 10 60
Financial freedom 10 60

Economic freedom by year comparison

The Economic Freedom Index for Afghanistan is 53, ranking 142/197, compared to 65.9 for Peru, ranking 60/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Afghanistan
Peru
Year Economic freedom index
Afghanistan Peru
1995 - 56.9
1996 - 62.5
1997 - 63.8
1998 - 65
1999 - 69.2
2000 - 68.7
2001 - 69.6
2002 - 64.8
2003 - 64.6
2004 - 64.7
2005 - 61.3
2006 - 60.5
2007 - 62.7
2008 - 63.8
2009 - 64.6
2010 - 67.6
2011 - 68.6
2012 - 68.7
2013 - 68.2
2014 - 67.4
2015 - 67.7
2016 - 67.4
2017 48.9 68.9
2018 51.3 68.7
2019 51.5 67.8
2020 54.7 67.9
2021 53 67.7
2022 - 66.5
2023 - 66.5
2024 - 64.8
2025 - 65.9

More economic indicators

Afghanistan Peru
Services, % of GDP
46.4%
2023
52.7%
2024
Industry, % of GDP
13.4%
2023
32.2%
2024
Agriculture, forestry, and fishing, % of GDP
34.7%
2023
6.06%
2024
GNI, Atlas method
$15.5B
2023
$256B
2024
GNI per capita, PPP
$2,210
2023
$16,770
2024
Total reserves including gold
$9.75B
2020
$79.2B
2024
Total reserves ranking
78/177
2020
33/177
2024
Net foreign direct investment
$24.3M
2020
-$5.63B
2024
Net inflows of foreign direct investment
$20.6M
2021
$6.8B
2024
Net outflows of foreign direct investment
$30.8M
2021
$1.17B
2024
Servicing debt to the IMF, % of GNI
0.25%
2023
5.42%
2023
Poverty at national poverty lines
47.1%
2019
27.6%
2024
Gross capital formation, % of GDP
15.3%
2023
19.4%
2024

GDP per capita map

GDP per capita

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Economy comparisons

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The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.