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Economy of Belarus vs Peru compared: GDP & Debt

Updated on by Georank

Belarus has a GDP of $93.4B compared to $335B for Peru, ranking 80/197 and 47/197 by economy size, respectively.

Belarus has $30.9B in government debt (33.1% of GDP), compared to $101B (30.2% of GDP) in Peru.

Belarus vs Peru GDP by year

Belarus
Peru
1x
Year GDP, current $
Belarus Peru
2025 $93,397,215,864 $334,854,659,182
2024 $78,591,839,300 $291,751,523,019
2023 $72,478,760,370 $268,025,009,709
2022 $73,775,179,925 $246,169,867,863
2021 $69,673,747,132 $226,406,075,009
2020 $61,371,673,345 $201,409,694,756
2019 $64,410,170,653 $228,346,006,004
2018 $60,031,026,576 $222,597,009,739
2017 $54,725,405,751 $211,007,984,081
2016 $47,723,545,321 $191,898,104,390
2015 $56,454,769,845 $189,802,976,286
2014 $78,813,069,121 $200,786,250,583
2013 $75,527,558,966 $201,175,543,571
2012 $65,685,890,439 $192,650,021,649
2011 $61,762,382,328 $171,761,737,047
2010 $57,231,904,543 $147,527,631,521
2009 $50,873,167,326 $120,822,986,521
2008 $60,752,106,347 $120,550,599,815
2007 $45,275,711,996 $102,170,981,144
2006 $36,961,894,281 $88,643,193,062
2005 $30,210,091,837 $76,060,606,061
2004 $23,141,566,293 $66,768,703,498
2003 $17,825,444,724 $58,731,030,122
2002 $14,594,900,945 $54,777,553,515
2001 $12,354,820,144 $52,030,158,775
2000 $12,736,856,828 $51,744,749,133
1999 $12,138,486,532 $50,187,324,568
1998 $15,222,012,660 $55,501,467,877
1997 $14,128,408,566 $58,147,522,523
1996 $14,500,437,520 $55,252,414,130
1995 $13,972,683,274 $53,312,793,687
1994 $14,931,435,232 $44,882,079,767
1993 $16,275,073,527 $34,832,077,221
1992 $16,939,790,094 $35,966,302,303
1991 $18,404,907,975 $34,341,465,998
1990 $17,389,558,233 $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 (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Belarus vs Peru by year

Belarus
GDP per capita

GDP per capita, PPP
Peru
GDP per capita

GDP per capita, PPP
1x
Year Current $
Belarus Peru
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $10,279 - $9,684 -
2024 $8,606 $33,010 $8,526 $17,802
2023 $7,897 $30,834 $7,919 $17,011
2022 $7,995 $28,429 $7,354 $16,669
2021 $7,490 $27,611 $6,829 $15,281
2020 $6,543 $24,872 $6,133 $12,563
2019 $6,838 $22,302 $7,037 $13,564
2018 $6,360 $20,026 $6,978 $13,078
2017 $5,786 $18,414 $6,736 $12,592
2016 $5,040 $17,832 $6,217 $12,067
2015 $5,967 $18,134 $6,232 $11,600
2014 $8,341 $19,038 $6,667 $11,518
2013 $7,998 $19,014 $6,747 $11,291
2012 $6,953 $18,115 $6,519 $10,757
2011 $6,528 $16,563 $5,861 $10,463
2010 $6,035 $15,339 $5,072 $9,713
2009 $5,352 $14,034 $4,181 $8,917
2008 $6,376 $13,886 $4,198 $8,820
2007 $4,735 $12,320 $3,581 $7,982
2006 $3,848 $10,995 $3,130 $7,214
2005 $3,126 $9,637 $2,707 $6,560
2004 $2,378 $8,483 $2,397 $6,038
2003 $1,820 $7,362 $2,129 $5,657
2002 $1,479 $6,697 $2,007 $5,383
2001 $1,244 $6,238 $1,930 $5,086
2000 $1,276 $5,796 $1,945 $5,012
1999 $1,211 $5,331 $1,917 $4,847
1998 $1,511 $5,061 $2,156 $4,791
1997 $1,396 $4,596 $2,301 $4,844
1996 $1,427 $4,039 $2,227 $4,556
1995 $1,371 $3,846 $2,190 $4,435
1994 $1,460 $4,190 $1,879 $4,123
1993 $1,590 $4,641 $1,488 $3,666
1992 $1,658 $4,917 $1,567 $3,472
1991 $1,805 $5,330 $1,527 $3,484
1990 $1,707 $5,220 $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 (1960–2025, retrieved 2026-07-08).

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

Belarus' GDP per capita is $10,279, ranking 88/197, compared to $9,684 in Peru, ranking 90/197. Adjusted for purchasing power (GDP per capita PPP), Belarus ranks 68th at $33,010, while Peru ranks 104th at $17,802.

Economic indicators

Belarus Peru
Gross domestic product
$93.4B
2025
$335B
2025
GDP rank
80/197
2025
47/197
2025
GDP growth
1.3%
2024-2025
3.43%
2024-2025
GDP per capita
$10,279
2025
$9,684
2025
GDP per capita rank
88/197
2025
90/197
2025
GDP per capita, PPP
$33,010
2024
$17,802
2024
GDP per capita PPP rank
68/197
2024
104/197
2024
Government debt
$30.9B
2025
$101B
2025
Debt-to-GDP ratio
33.1%
2025
30.2%
2025
Government debt per person
$3,399
2025
$2,927
2025
Government debt per person rank
98/185
2025
107/185
2025
Average annual personal income after taxes
$8,062
2026
$7,143
2026
Market capitalization of domestic companies
$5.54B
2025
$105B
2025
Income share by richest 10%
20.7%
2020
30.3%
2024
Income share by poorest 10%
4.5%
2020
2%
2024
Government expenditure, % of GDP
41.3%
2025
21.4%
2025
Consumer prices inflation
6.6%
2024-2025
1.53%
2024-2025
Central bank interest rate
9.25%
2026
4.25%
2025
Unemployment rate
3.04%
2024
4.32%
2025
Population
9025821
35105331

Spending and national debt comparison by year

Belarus
Spending

Debt
Peru
Spending

Debt
1x
Year % of GDP
Belarus Peru
Government spending Government debt Government spending Government debt
2025 41.3% 33.1% 21.4% 30.2%
2024 40.8% 38.7% 22.2% 32.1%
2023 40.3% 40.7% 22.1% 32.4%
2022 38% 40.8% 23.1% 33.5%
2021 36.7% 41.2% 23.1% 35.5%
2020 38% 47.5% 25.7% 34.3%
2019 37.4% 41% 20.8% 26.5%
2018 37.8% 47.5% 21% 25.7%
2017 39% 53.2% 20.6% 24.8%
2016 40.7% 53.5% 20.5% 23.9%
2015 41.8% 53% 22% 23.7%
2014 38.8% 38.8% 22.4% 20.5%
2013 40.8% 36.9% 21.5% 19.9%
2012 38.9% 36.9% 20.3% 20.7%
2011 40.3% 58.2% 19.8% 23.1%
2010 44.3% 36.8% 21% 25.1%
2009 51.7% 32.5% 21.3% 28.2%
2008 60% 20.3% 19.9% 28.1%
2007 49.2% 15.8% 18.6% 31.9%
2006 47.2% 12.3% 19.2% 34.9%
2005 45% 8.12% 20.4% 40.4%
2004 44% 9.22% 19.6% 46.7%
2003 43.5% - 20.1% 49.4%
2002 43.8% - 19.6% 45.5%
2001 42.4% - 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 (2000–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08).

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

In 2025, Belarus' government spending was $38.6B, accounting for 41.3% of its GDP, while Peru spent $71.7B, or 21.4% of GDP.

Debt-to-GDP ratio is 33.1% in Belarus and 30.2% in Peru, ranking 148/185 and 154/185, respectively.

Government deficit by year

Deficit/surplus
Belarus

Peru
1x
Year Deficit/surplus, % of GDP
Belarus Peru
2025 0.15% -2.36%
2024 0.54% -3.53%
2023 0.76% -2.74%
2022 -1.98% -1.38%
2021 -0.22% -2.49%
2020 -2.87% -8.19%
2019 0.91% -1.37%
2018 1.8% -1.94%
2017 -0.34% -2.79%
2016 -1.66% -2.12%
2015 -2.96% -2.02%
2014 0.09% -0.19%
2013 -0.98% 0.75%
2012 0.36% 2.07%
2011 -2.81% 2.05%
2010 -4.19% -0.02%
2009 -7.23% -1.48%
2008 -10.9% 2.48%
2007 -7.82% 3.35%
2006 -7.71% 2.03%
2005 -6.71% -0.44%
2004 -7.06% -1.03%
2003 -6.74% -1.62%
2002 -7.81% -1.4%
2001 -4.74% -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 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (2000–2025, retrieved 2026-07-08).

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

In 2025, Belarus' government surplus, the difference between spending and revenue, was $140M, equivalent to 0.15% of GDP. This compares to Peru's deficit of $7.9B, or 2.36% of GDP.

Over the past 25 years, Belarus recorded a fiscal deficit in 18 of those years, while Peru ran a deficit in 19 years. On average, Belarus posted an annual deficit equal to 3.2% of GDP, compared to deficit of 1.06% of GDP for Peru.

Inflation comparison by year

Inflation
Belarus

Peru
1x
Year Consumer prices inflation
Belarus Peru
2025 6.6% 1.53%
2024 5.7% 2.01%
2023 5% 6.46%
2022 15.2% 8.33%
2021 9.5% 4.27%
2020 5.5% 2%
2019 5.6% 2.25%
2018 4.9% 1.51%
2017 6% 2.99%
2016 11.8% 3.56%
2015 13.5% 3.4%
2014 18.1% 3.41%
2013 18.3% 2.77%
2012 59.2% 3.61%
2011 53.2% 3.37%
2010 7.7% 1.53%
2009 13% 2.94%
2008 14.8% 5.79%
2007 8.4% 1.78%
2006 7% 2%
2005 10.3% 1.62%
2004 18.1% 3.66%
2003 28.4% 2.26%
2002 42.6% 0.19%
2001 61.1% 1.98%
2000 168.6% 3.76%
1999 293.7% 3.47%
1998 73% 7.25%
1997 63.8% 8.56%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Belarus has recorded an average annual inflation rate of 36.2%, compared with 3.39% in Peru. In 2025, inflation was 6.6% in Belarus and 1.53% in Peru.

Top exports between countries

Belarus
Export category Export value
Raw materials & minerals $397K
Metals $247K
Textiles & consumer goods $127K
Machinery & equipment $90K
Chemicals & pharma $44K
Wood & paper products $25K
Precious metals & jewellery $1K
Peru
Export category Export value
Raw agricultural goods $364K
Chemicals & pharma $119K

Balance of trade

Belarus Peru
Current account balance
-$1.82B
2025
$12B
2025
Current account balance ranking
137/190
2025
23/190
2025
Current account balance, % of GDP
-1.94%
2025
+3.58%
2025
Goods imports
$46B
2025
$58.6B
2025
Goods exports
$40B
2025
$94B
2025
Service imports
$7.55B
2025
$15.9B
2025
Service exports
$11.7B
2025
$7.64B
2025
Imports of goods and services, % of GDP
57%
2025
21.8%
2025
Exports of goods and services, % of GDP
55.1%
2025
30%
2025

Economic freedom indices

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

Belarus Peru
Economic freedom 49.1 66.3
Economic freedom ranking 166/197 62/197
Property rights 20 44
Government integrity 28.3 35
Judicial effectiveness 11.5 47.8
Tax burden 93.5 79.4
Government spending 52.6 84.8
Fiscal health 96.8 87.4
Business freedom 50.3 73.1
Labor freedom 48 64.7
Monetary freedom 69 77.6
Trade freedom 69.2 81.6
Investment freedom 30 60
Financial freedom 20 60

Economic freedom comparison by year

Belarus
Peru
1x
Year Economic freedom index
Belarus Peru
2026 49.1 66.3
2025 48.9 65.9
2024 48.4 64.8
2023 51 66.5
2022 53 66.5
2021 61 67.7
2020 61.7 67.9
2019 57.9 67.8
2018 58.1 68.7
2017 58.6 68.9
2016 48.8 67.4
2015 49.8 67.7
2014 50.1 67.4
2013 48 68.2
2012 49 68.7
2011 47.9 68.6
2010 48.7 67.6
2009 45 64.6
2008 45.3 63.8
2007 47 62.7
2006 47.5 60.5
2005 46.7 61.3
2004 43.1 64.7
2003 39.7 64.6
2002 39 64.8
2001 38 69.6
2000 41.3 68.7
1999 35.4 69.2
1998 38 65
1997 39.8 63.8
1996 38.7 62.5
1995 40.4 56.9

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Belarus is 49.1, ranking 166/197, 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

Belarus Peru
Services, % of GDP
50%
2025
50.9%
2024
Industry, % of GDP
31.6%
2025
34.3%
2024
Agriculture, forestry, and fishing, % of GDP
6.9%
2025
7.47%
2024
GNI, Atlas method
$83.3B
2025
$291B
2025
GNI per capita, PPP
$34,310
2025
$17,540
2025
Total reserves including gold
$14.5B
2025
$90.4B
2025
Total reserves ranking
72/177
2025
32/177
2025
Net foreign direct investment
-$1.43B
2025
-$8.93B
2025
Net inflows of foreign direct investment
$1.74B
2024
$6.7B
2024
Net outflows of foreign direct investment
$170M
2024
$1.14B
2024
Servicing debt to the IMF, % of GNI
6.94%
2024
5.54%
2024
Poverty at national poverty lines
3.5%
2024
27.6%
2024
Gross capital formation, % of GDP
27.1%
2025
20.3%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1900–1999, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Fiscal Monitor (2000–2025, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2021–2024, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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.