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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 $1.44B in government debt (8.8% of GDP), compared to $93B (32.2% of GDP) in Peru.

Afghanistan vs Peru GDP by year

Afghanistan
Peru
1x
Year GDP, current $
Afghanistan Peru
2024 - $289,221,969,063
2023 $17,152,234,637 $266,958,720,838
2022 $14,497,243,872 $246,065,570,308
2021 $14,259,995,441 $226,328,766,460
2020 $19,955,929,052 $201,409,694,756
2019 $18,799,444,490 $228,346,006,004
2018 $18,053,222,687 $222,597,009,739
2017 $18,753,456,498 $211,007,984,081
2016 $18,116,572,395 $191,898,104,390
2015 $19,134,221,645 $189,802,976,286
2014 $20,497,128,556 $200,786,250,583
2013 $20,146,416,758 $201,175,543,571
2012 $19,907,329,778 $192,650,021,649
2011 $17,805,098,206 $171,761,737,047
2010 $15,856,668,556 $147,527,631,521
2009 $12,416,152,732 $120,822,986,521
2008 $10,109,297,048 $120,550,599,815
2007 $9,747,886,187 $102,170,981,144
2006 $6,971,758,282 $88,643,193,062
2005 $6,203,256,539 $76,060,606,061
2004 $5,224,896,719 $66,768,703,498
2003 $4,520,946,819 $58,731,030,122
2002 $3,825,701,439 $54,777,553,515
2001 $2,813,571,754 $52,030,158,775
2000 $3,521,418,060 $51,744,749,133
1999 - $50,187,324,568
1998 - $55,501,467,877
1997 - $58,147,522,523
1996 - $55,252,414,130
1995 - $53,312,793,687
1994 - $44,882,079,767
1993 - $34,832,077,221
1992 - $35,966,302,303
1991 - $34,341,465,998
1990 - $26,410,386,963
1989 - $22,499,558,526
1988 - $15,439,408,447
1987 - $36,889,706,593
1986 - $21,859,448,586
1985 - $15,078,736,875
1984 - $17,600,400,385
1983 - $17,345,260,564
1982 - $21,794,535,621
1981 - $21,648,214,893
1980 - $18,136,838,538
1979 - $15,954,012,439
1978 - $12,491,876,743
1977 - $14,544,913,961
1976 - $16,131,958,851
1975 - $16,931,162,355
1974 - $13,858,441,211
1973 - $10,994,381,895
1972 - $9,189,413,409
1971 - $8,289,582,884
1970 - $7,432,223,177
1969 - $6,420,909,790
1968 - $5,736,083,835
1967 - $6,194,340,080
1966 - $6,109,048,737
1965 - $5,163,008,077
1964 - $4,353,664,867
1963 - $3,598,272,493
1962 - $3,284,322,201
1961 - $2,897,852,693
1960 - $2,571,986,572

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/afghanistan/peru | CC BY

GDP per capita in Afghanistan vs Peru by year

Afghanistan
GDP per capita

GDP per capita, PPP
Peru
GDP per capita

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

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/afghanistan/peru | CC BY

Afghanistan's GDP per capita is $414, ranking 196/197, compared to $8,452 in Peru, ranking 91/197. Adjusted for purchasing power (GDP per capita PPP), Afghanistan ranks 184th at $2,202, while Peru ranks 104th at $17,802.

Economic indicators

Afghanistan Peru
Gross domestic product
$17.2B
2023
$289B
2024
GDP rank
137/197
2023
49/197
2024
GDP growth
2.27%
2022-2023
3.3%
2023-2024
GDP per capita
$414
2023
$8,452
2024
GDP per capita rank
196/197
2023
91/197
2024
GDP per capita, PPP
$2,202
2023
$17,802
2024
GDP per capita PPP rank
184/197
2023
104/197
2024
Government debt
$1.44B
2023
$93B
2024
Debt-to-GDP ratio
8.8%
2024
32.2%
2024
Government debt per person
$34.8
2023
$2,717
2024
Government debt per person rank
185/185
2023
108/185
2024
Average annual personal income after taxes
$1,869
2026
$7,290
2026
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
19.4%
2024
22.3%
2024
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
4.86%
2024
Population
45409324
35031596

Spending and national debt comparison by year

Afghanistan
Spending

Debt
Peru
Spending

Debt
1x
Year % of GDP
Afghanistan Peru
Government spending Government debt Government spending Government debt
2024 19.4% 8.8% 22.3% 32.2%
2023 17% 8.42% 22.1% 32.4%
2022 16.1% 10.8% 23.1% 33.5%
2021 17.9% 11.2% 23.1% 35.5%
2020 27.9% 7.33% 25.6% 34.3%
2019 28% 6.14% 20.8% 26.5%
2018 28.9% 7.38% 21% 25.7%
2017 27.7% 8% 20.6% 24.8%
2016 28% 8.44% 20.5% 23.9%
2015 25.9% 9.15% 22% 23.7%
2014 25.4% 8.7% 22.4% 20.5%
2013 25% 6.92% 21.5% 19.9%
2012 25% 6.77% 20.3% 20.7%
2011 21.9% 7.52% 19.8% 23.1%
2010 20.8% 7.71% 21% 25.1%
2009 21.2% 16.2% 21.3% 28.2%
2008 20.9% 19.1% 19.9% 28.1%
2007 21.4% 20.1% 18.6% 31.9%
2006 18.3% 23% 19.2% 34.9%
2005 15.7% 206.4% 20.4% 40.4%
2004 15.1% 245% 19.6% 46.7%
2003 11.9% 270.6% 20.1% 49.4%
2002 6.94% 346% 19.6% 45.5%
2001 - - 20.9% 43.8%
2000 - - 21.7% 44.9%
1999 - - 17.8% 41.1%
1998 - - 16.3% 36.8%
1997 - - 15.6% 34.5%
1996 - - 16.5% 37.4%
1995 - - 17.5% 36.8%
1994 - - 16.9% 41.9%
1993 - - 18.2% 49.9%
1992 - - 19.1% 46.8%
1991 - - 15.7% 48.3%
1990 - - 20.4% 56.3%
1989 - - 12.1% 34.9%
1988 - - 12.8% 42.8%
1987 - - 15.5% 39.1%
1986 - - 16.6% 48.6%
1985 - - 17.2% 63.4%
1984 - - 18.3% 56.7%
1983 - - 19.4% 56.2%
1982 - - 17.6% 34.2%
1981 - - 18.4% 30.6%
1980 - - 19.3% 36.3%
1979 - - 16.4% 45.9%
1978 - - 19% 56%
1977 - - 19.4% 44.8%
1976 - - 21.1% 34.5%
1975 - - 19.8% 27%
1974 - - 17.7% 24%
1973 - - 19.5% 22.6%
1972 - - 15.3% 20.6%
1971 - - 15% 19%
1970 - - 14.3% 20%
1969 - - 16.4% -
1968 - - 18.4% 15.2%
1967 - - 19.1% 12.1%
1966 - - 18.6% 17%
1965 - - 18.7% 14.5%
1964 - - 16.9% 14.1%
1963 - - 16.2% -
1962 - - 14.6% -
1961 - - 14.8% 16%
1960 - - 13.3% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (2000–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

GeoRank.org/economy/afghanistan/peru | CC BY

In 2024, Afghanistan's government spending was $2.91B, accounting for 19.4% of its GDP, while Peru spent $64.4B, or 22.3% of GDP.

Debt-to-GDP ratio is 8.8% in Afghanistan and 32.2% in Peru, ranking 181/185 and 154/185, respectively.

Government deficit by year

Deficit/surplus
Afghanistan

Peru
1x
Year Deficit/surplus, % of GDP
Afghanistan Peru
2024 -0.54% -3.54%
2023 -1.33% -2.78%
2022 -1% -1.38%
2021 -0.48% -2.49%
2020 -2.24% -8.16%
2019 -1.06% -1.37%
2018 1.63% -1.94%
2017 -0.67% -2.79%
2016 0.13% -2.12%
2015 -1.38% -2.02%
2014 -1.72% -0.19%
2013 -0.63% 0.75%
2012 0.18% 2.07%
2011 -0.67% 2.05%
2010 0.93% -0.02%
2009 -1.76% -1.48%
2008 -3.86% 2.48%
2007 -2.46% 3.35%
2006 0.68% 2.03%
2005 -0.92% -0.44%
2004 -2.39% -1.03%
2003 -2.1% -1.62%
2002 -0.1% -1.4%
2001 - -2.15%
2000 - -2.12%
1999 - -2.93%
1998 - -0.2%
1997 - 0.47%
1996 - -0.25%
1995 - -2.05%
1994 - -1.9%
1993 - -2.82%
1992 - -3.55%
1991 - -1.98%
1990 - -7.99%
1989 - -1.3%
1988 - -3.57%
1987 - -6.26%
1986 - -4.08%
1985 - -2.41%
1984 - -4.45%
1983 - -7.52%
1982 - -3.22%
1981 - -3.98%
1980 - -2.36%
1979 - -0.54%
1978 - -5.07%
1977 - -6.52%
1976 - -8.37%
1975 - -6.54%
1974 - -4.47%
1973 - -6.68%
1972 - -2.04%
1971 - -1.89%
1970 - -0.42%
1969 - -1.1%
1968 - -3.28%
1967 - -3.76%
1966 - -5.41%
1965 - -4.79%
1964 - -3.37%
1963 - -1.86%
1962 - 2.16%
1961 - 2.46%
1960 - 3.32%
1959 - -1.46%
1958 - -2.63%
1957 - -2.23%
1956 - -0.93%
1955 - 0.06%
1954 - -0.66%
1953 - -2.35%
1952 - 0.04%
1951 - 0.61%
1950 - 0.08%
1949 - 0.26%
1948 - -0.84%
1947 - -0.54%
1946 - -1.39%
1945 - 0%
1944 - 0%
1943 - 0.18%
1942 - -2.38%
1941 - -1.76%
1940 - 0.27%
1939 - -1.01%
1938 - -1.57%
1937 - 0.18%
1936 - 0.18%
1935 - 0.09%
1934 - 0.11%
1933 - 0.02%
1932 - -0.57%
1931 - -0.28%
1930 - -0.67%
1929 - 0.008%
1928 - -1.88%
1927 - 0%
1926 - -1.84%
1925 - -1.69%
1924 - -1.31%
1923 - -0.85%
1922 - -1.24%
1921 - -1.53%
1920 - -0.4%
1919 - -0.26%
1918 - -0.34%
1917 - -0.25%
1916 - 0.27%
1915 - -0.74%
1914 - -1.59%
1913 - -3.04%
1912 - -0.45%
1911 - 0.32%
1910 - 0.16%
1909 - -0.33%
1908 - -0.18%
1907 - 0.18%
1906 - 0.38%
1905 - 0.2%
1904 - 0.22%
1903 - 0.24%
1902 - 0.26%
1901 - 0.26%
1900 - 0%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1900–1999, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (2000–2024, retrieved 2026-02-20).

GeoRank.org/economy/afghanistan/peru | CC BY

In 2023, Afghanistan's government deficit, the difference between spending and revenue, was $228M, equivalent to 1.33% of GDP. This compares to Peru's deficit of $7.42B, or 2.78% 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 0.96% of GDP, compared to deficit of 0.84% of GDP for Peru.

Inflation comparison by year

Inflation
Afghanistan

Peru
1x
Year Consumer prices inflation
Afghanistan Peru
2024 -4.3% 2.01%
2023 -7.7% 6.46%
2022 10.6% 8.33%
2021 7.8% 4.27%
2020 5.6% 2%
2019 2.3% 2.25%
2018 0.6% 1.51%
2017 5% 2.99%
2016 4.4% 3.56%
2015 -0.7% 3.4%
2014 4.7% 3.41%
2013 7.4% 2.77%
2012 6.4% 3.61%
2011 11.8% 3.37%
2010 2.2% 1.53%
2009 -6.8% 2.94%
2008 26.4% 5.79%
2007 8.7% 1.78%
2006 6.8% 2%
2005 10.6% 1.62%
2004 16.4% 3.66%
2003 35.7% 2.26%
2002 - 0.19%
2001 - 1.98%
2000 - 3.76%
1999 - 3.47%
1998 - 7.25%
1997 - 8.56%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06); International Monetary Fund (IMF) | World Economic Outlook (2003–2024, retrieved 2026-02-20).

GeoRank.org/economy/afghanistan/peru | CC BY

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.

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
159/190
2020
29/190
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 66.3
Economic freedom ranking 142/197 62/197
Property rights 3.6 44
Government integrity 13.5 35
Judicial effectiveness 0 47.8
Tax burden 92 79.4
Government spending 90.8 84.8
Fiscal health 98.4 87.4
Business freedom 33.7 73.1
Labor freedom 44.4 64.7
Monetary freedom 84.9 77.6
Trade freedom 68.6 81.6
Investment freedom 10 60
Financial freedom 10 60

Economic freedom comparison by year

Afghanistan
Peru
1x
Year Economic freedom index
Afghanistan Peru
2026 - 66.3
2025 - 65.9
2024 - 64.8
2023 - 66.5
2022 - 66.5
2021 53 67.7
2020 54.7 67.9
2019 51.5 67.8
2018 51.3 68.7
2017 48.9 68.9
2016 - 67.4
2015 - 67.7
2014 - 67.4
2013 - 68.2
2012 - 68.7
2011 - 68.6
2010 - 67.6
2009 - 64.6
2008 - 63.8
2007 - 62.7
2006 - 60.5
2005 - 61.3
2004 - 64.7
2003 - 64.6
2002 - 64.8
2001 - 69.6
2000 - 68.7
1999 - 69.2
1998 - 65
1997 - 63.8
1996 - 62.5
1995 - 56.9

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/afghanistan/peru | CC BY

The Economic Freedom Index for Afghanistan is 53, ranking 142/197, compared to 66.3 for Peru, ranking 62/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Afghanistan Peru
Services, % of GDP
46.4%
2023
51.3%
2024
Industry, % of GDP
13.4%
2023
34%
2024
Agriculture, forestry, and fishing, % of GDP
34.7%
2023
7.34%
2024
GNI, Atlas method
$15.5B
2023
$257B
2024
GNI per capita, PPP
$2,210
2023
$16,780
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
$0
2024
$6.8B
2024
Net outflows of foreign direct investment
$0
2024
$1.17B
2024
Servicing debt to the IMF, % of GNI
0.25%
2023
5.58%
2024
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

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/afghanistan/peru | CC BY

Compare countries by 7 more topics

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1900–1999, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (2000–2024, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2021, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

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.