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Economy of Botswana vs Peru compared: GDP & Debt

Updated on by Georank

Botswana has a GDP of $19.9B compared to $335B for Peru, ranking 135/197 and 47/197 by economy size, respectively.

Botswana has $7.7B in government debt (38.6% of GDP), compared to $101B (30.2% of GDP) in Peru.

Botswana vs Peru GDP by year

Botswana
Peru
1x
Year GDP, current $
Botswana Peru
2025 $19,928,479,839 $334,854,659,182
2024 $19,286,251,068 $291,751,523,019
2023 $19,413,614,555 $268,025,009,709
2022 $20,321,150,599 $246,169,867,863
2021 $18,750,182,236 $226,406,075,009
2020 $14,960,251,608 $201,409,694,756
2019 $16,725,908,149 $228,346,006,004
2018 $17,031,943,186 $222,597,009,739
2017 $16,105,155,857 $211,007,984,081
2016 $15,082,637,184 $191,898,104,390
2015 $13,530,748,845 $189,802,976,286
2014 $15,470,088,501 $200,786,250,583
2013 $14,271,738,933 $201,175,543,571
2012 $13,907,464,500 $192,650,021,649
2011 $15,110,643,612 $171,761,737,047
2010 $12,637,273,429 $147,527,631,521
2009 $10,118,459,242 $120,822,986,521
2008 $10,730,829,116 $120,550,599,815
2007 $10,567,270,656 $102,170,981,144
2006 $9,919,158,482 $88,643,193,062
2005 $9,918,907,108 $76,060,606,061
2004 $8,957,467,707 $66,768,703,498
2003 $7,511,582,173 $58,731,030,122
2002 $5,438,863,983 $54,777,553,515
2001 $5,489,608,300 $52,030,158,775
2000 $5,788,329,609 $51,744,749,133
1999 $5,484,263,347 $50,187,324,568
1998 $4,790,481,509 $55,501,467,877
1997 $5,020,265,627 $58,147,522,523
1996 $4,847,757,218 $55,252,414,130
1995 $4,730,599,122 $53,312,793,687
1994 $4,259,259,604 $44,882,079,767
1993 $4,160,129,175 $34,832,077,221
1992 $4,146,464,587 $35,966,302,303
1991 $3,942,876,703 $34,341,465,998
1990 $3,790,636,324 $26,410,386,963
1989 $3,083,822,112 $22,499,558,526
1988 $2,644,554,159 $15,439,408,447
1987 $1,965,226,890 $36,889,706,593
1986 $1,392,602,164 $21,859,448,586
1985 $1,114,783,343 $15,078,736,875
1984 $1,240,822,167 $17,600,400,385
1983 $1,172,230,397 $17,345,260,564
1982 $1,014,945,696 $21,794,535,621
1981 $1,073,812,830 $21,648,214,893
1980 $1,060,889,704 $18,136,838,538
1979 $819,870,259 $15,954,012,439
1978 $590,407,374 $12,491,876,743
1977 $451,624,780 $14,544,913,961
1976 $372,025,093 $16,131,958,851
1975 $355,168,572 $16,931,162,355
1974 $306,044,208 $13,858,441,211
1973 $244,124,164 $10,994,381,895
1972 $164,460,915 $9,189,413,409
1971 $127,448,614 $8,289,582,884
1970 $96,243,234 $7,432,223,177
1969 $77,361,547 $6,420,909,790
1968 $66,248,441 $5,736,083,835
1967 $58,642,354 $6,194,340,080
1966 $51,465,655 $6,109,048,737
1965 $45,788,696 $5,163,008,077
1964 $41,616,348 $4,353,664,867
1963 $38,091,843 $3,598,272,493
1962 $35,644,957 $3,284,322,201
1961 $32,902,613 $2,897,852,693
1960 $30,411,414 $2,571,986,572

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Botswana vs Peru by year

Botswana
GDP per capita

GDP per capita, PPP
Peru
GDP per capita

GDP per capita, PPP
1x
Year Current $
Botswana Peru
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $7,778 - $9,684 -
2024 $7,650 $20,538 $8,526 $17,802
2023 $7,827 $21,012 $7,919 $17,011
2022 $8,329 $19,977 $7,354 $16,669
2021 $7,808 $17,961 $6,829 $15,281
2020 $6,323 $15,292 $6,133 $12,563
2019 $7,172 $15,960 $7,037 $13,564
2018 $7,408 $15,786 $6,978 $13,078
2017 $7,105 $15,701 $6,736 $12,592
2016 $6,749 $16,228 $6,217 $12,067
2015 $6,141 $14,144 $6,232 $11,600
2014 $7,122 $15,003 $6,667 $11,518
2013 $6,667 $13,621 $6,747 $11,291
2012 $6,596 $12,737 $6,519 $10,757
2011 $7,287 $13,635 $5,861 $10,463
2010 $6,216 $12,753 $5,072 $9,713
2009 $5,083 $11,686 $4,181 $8,917
2008 $5,503 $13,810 $4,198 $8,820
2007 $5,529 $13,389 $3,581 $7,982
2006 $5,292 $12,563 $3,130 $7,214
2005 $5,391 $11,458 $2,707 $6,560
2004 $4,957 $10,818 $2,397 $6,038
2003 $4,230 $10,439 $2,129 $5,657
2002 $3,117 $9,958 $2,007 $5,383
2001 $3,206 $9,420 $1,930 $5,086
2000 $3,451 $9,380 $1,945 $5,012
1999 $3,340 $9,188 $1,917 $4,847
1998 $2,981 $8,441 $2,156 $4,791
1997 $3,194 $8,497 $2,301 $4,844
1996 $3,156 $7,890 $2,227 $4,556
1995 $3,156 $7,503 $2,190 $4,435
1994 $2,917 $7,049 $1,879 $4,123
1993 $2,929 $6,847 $1,488 $3,666
1992 $3,005 $6,753 $1,567 $3,472
1991 $2,939 $6,598 $1,527 $3,484
1990 $2,903 $6,104 $1,200 $3,367
1989 $2,428 - $1,045 -
1988 $2,141 - $733 -
1987 $1,639 - $1,792 -
1986 $1,200 - $1,087 -
1985 $994 - $767 -
1984 $1,145 - $918 -
1983 $1,121 - $927 -
1982 $1,006 - $1,194 -
1981 $1,107 - $1,216 -
1980 $1,132 - $1,045 -
1979 $909 - $942 -
1978 $695 - $756 -
1977 $565 - $903 -
1976 $490 - $1,026 -
1975 $493 - $1,104 -
1974 $446 - $927 -
1973 $374 - $754 -
1972 $264.2 - $647 -
1971 $212.2 - $599 -
1970 $163 - $550 -
1969 $131.8 - $488 -
1968 $113.4 - $448 -
1967 $100.9 - $498 -
1966 $89.1 - $505 -
1965 $79.7 - $439 -
1964 $73.5 - $381 -
1963 $68.9 - $324 -
1962 $66 - $305 -
1961 $62.3 - $276.6 -
1960 $58.9 - $252.8 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Botswana's GDP per capita is $7,778, ranking 100/197, compared to $9,684 in Peru, ranking 90/197. Adjusted for purchasing power (GDP per capita PPP), Botswana ranks 95th at $20,538, while Peru ranks 104th at $17,802.

Economic indicators

Botswana Peru
Gross domestic product
$19.9B
2025
$335B
2025
GDP rank
135/197
2025
47/197
2025
GDP growth
-0.73%
2024-2025
3.43%
2024-2025
GDP per capita
$7,778
2025
$9,684
2025
GDP per capita rank
100/197
2025
90/197
2025
GDP per capita, PPP
$20,538
2024
$17,802
2024
GDP per capita PPP rank
95/197
2024
104/197
2024
Government debt
$7.7B
2025
$101B
2025
Debt-to-GDP ratio
38.6%
2025
30.2%
2025
Government debt per person
$3,005
2025
$2,927
2025
Government debt per person rank
106/185
2025
107/185
2025
Average annual personal income after taxes
$5,441
2026
$7,143
2026
Market capitalization of domestic companies
$4.28B
2025
$105B
2025
Income share by richest 10%
42.9%
2015
30.3%
2024
Income share by poorest 10%
1.4%
2015
2%
2024
Government expenditure, % of GDP
35%
2025
21.4%
2025
Consumer prices inflation
2.66%
2024-2025
1.53%
2024-2025
Central bank interest rate
5.5%
2026
4.25%
2025
Unemployment rate
24.4%
2024
4.32%
2025
Population
2624853
35105331

Spending and national debt comparison by year

Botswana
Spending

Debt
Peru
Spending

Debt
1x
Year % of GDP
Botswana Peru
Government spending Government debt Government spending Government debt
2025 35% 38.6% 21.4% 30.2%
2024 33.7% 33.2% 22.2% 32.1%
2023 32.4% 22.5% 22.1% 32.4%
2022 29.1% 21% 23.1% 33.5%
2021 31.4% 22.3% 23.1% 35.5%
2020 36.5% 23.5% 25.7% 34.3%
2019 36.9% 21.5% 20.8% 26.5%
2018 35.6% 19.6% 21% 25.7%
2017 34.7% 19.6% 20.6% 24.8%
2016 34.1% 22.3% 20.5% 23.9%
2015 37.8% 24.5% 22% 23.7%
2014 36.5% 23.9% 22.4% 20.5%
2013 33.5% 23.8% 21.5% 19.9%
2012 37.1% 26.4% 20.3% 20.7%
2011 37.2% 27.9% 19.8% 23.1%
2010 42.6% 26.5% 21% 25.1%
2009 52.1% 22.4% 21.3% 28.2%
2008 48.1% 7.79% 19.9% 28.1%
2007 37.1% 5.93% 18.6% 31.9%
2006 33.1% 6.14% 19.2% 34.9%
2005 33.8% 7.46% 20.4% 40.4%
2004 39.8% 10.7% 19.6% 46.7%
2003 42.7% 7.08% 20.1% 49.4%
2002 45.1% 8.37% 19.6% 45.5%
2001 42.1% 7.48% 20.9% 43.8%
2000 38.8% 8.16% 21.7% 44.9%
1999 40.1% 9.31% 17.8% 41.1%
1998 41.8% 11.3% 16.3% 36.8%
1997 39% - 15.6% 34.5%
1996 36.1% - 16.5% 37.4%
1995 36.1% - 17.5% 36.8%
1994 37.6% - 16.9% 41.9%
1993 42% - 18.2% 49.9%
1992 42.3% - 19.1% 46.8%
1991 41.1% - 15.7% 48.3%
1990 38.9% - 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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08).

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

In 2025, Botswana's government spending was $6.98B, accounting for 35% of its GDP, while Peru spent $71.7B, or 21.4% of GDP.

Debt-to-GDP ratio is 38.6% in Botswana and 30.2% in Peru, ranking 137/185 and 154/185, respectively.

Government deficit by year

Deficit/surplus
Botswana

Peru
1x
Year Deficit/surplus, % of GDP
Botswana Peru
2025 -7.42% -2.36%
2024 -7.26% -3.53%
2023 -4.16% -2.74%
2022 0.04% -1.38%
2021 -2.33% -2.49%
2020 -10.9% -8.19%
2019 -8.53% -1.37%
2018 -5.03% -1.94%
2017 -1.14% -2.79%
2016 0.71% -2.12%
2015 -4.82% -2.02%
2014 3.9% -0.19%
2013 5.84% 0.75%
2012 0.89% 2.07%
2011 -0.12% 2.05%
2010 -7.95% -0.02%
2009 -13.8% -1.48%
2008 -7.61% 2.48%
2007 5.73% 3.35%
2006 13.3% 2.03%
2005 10.3% -0.44%
2004 1.35% -1.03%
2003 -0.18% -1.62%
2002 -3.94% -1.4%
2001 -2.91% -2.15%
2000 8.73% -2.12%
1999 5.95% -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 (1999–2025, retrieved 2026-07-08).

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

In 2025, Botswana's government deficit, the difference between spending and revenue, was $1.48B, equivalent to 7.42% of GDP. This compares to Peru's deficit of $7.9B, or 2.36% of GDP.

Over the past 27 years, Botswana recorded a fiscal deficit in 16 of those years, while Peru ran a deficit in 21 years. On average, Botswana posted an annual deficit equal to 1.16% of GDP, compared to deficit of 1.17% of GDP for Peru.

Inflation comparison by year

Inflation
Botswana

Peru
1x
Year Consumer prices inflation
Botswana Peru
2025 2.66% 1.53%
2024 2.82% 2.01%
2023 5.07% 6.46%
2022 11.7% 8.33%
2021 7.24% 4.27%
2020 1.89% 2%
2019 2.77% 2.25%
2018 3.24% 1.51%
2017 3.31% 2.99%
2016 2.81% 3.56%
2015 3.06% 3.4%
2014 4.4% 3.41%
2013 5.88% 2.77%
2012 7.54% 3.61%
2011 8.46% 3.37%
2010 6.95% 1.53%
2009 8.03% 2.94%
2008 12.7% 5.79%
2007 7.08% 1.78%
2006 11.6% 2%
2005 8.61% 1.62%
2004 6.95% 3.66%
2003 9.19% 2.26%
2002 8.03% 0.19%
2001 6.56% 1.98%
2000 8.6% 3.76%
1999 7.75% 3.47%
1998 6.66% 7.25%
1997 8.72% 8.56%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Botswana has recorded an average annual inflation rate of 6.56%, compared with 3.39% in Peru. In 2025, inflation was 2.66% in Botswana and 1.53% in Peru.

Top exports between countries

Botswana
Export category Export value
Textiles & consumer goods $5K
Peru
Export category Export value
Machinery & equipment $40K

Balance of trade

Botswana Peru
Current account balance
-$821M
2024
$12B
2025
Current account balance ranking
113/190
2024
23/190
2025
Current account balance, % of GDP
-4.26%
2024
+3.58%
2025
Goods imports
$6.86B
2024
$58.6B
2025
Goods exports
$4.66B
2024
$94B
2025
Service imports
$1.29B
2024
$15.9B
2025
Service exports
$935M
2024
$7.64B
2025
Imports of goods and services, % of GDP
37.5%
2025
21.8%
2025
Exports of goods and services, % of GDP
32%
2025
30%
2025

Economic freedom indices

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

Botswana Peru
Economic freedom 67.7 66.3
Economic freedom ranking 53/197 62/197
Property rights 71.7 44
Government integrity 59.6 35
Judicial effectiveness 70.2 47.8
Tax burden 87.1 79.4
Government spending 69.8 84.8
Fiscal health 72.4 87.4
Business freedom 61.5 73.1
Labor freedom 60.7 64.7
Monetary freedom 72 77.6
Trade freedom 77 81.6
Investment freedom 50 60
Financial freedom 60 60

Economic freedom comparison by year

Botswana
Peru
1x
Year Economic freedom index
Botswana Peru
2026 67.7 66.3
2025 69.9 65.9
2024 68 64.8
2023 64.9 66.5
2022 64.8 66.5
2021 67.6 67.7
2020 69.6 67.9
2019 69.5 67.8
2018 69.9 68.7
2017 70.1 68.9
2016 71.1 67.4
2015 69.8 67.7
2014 72 67.4
2013 70.6 68.2
2012 69.6 68.7
2011 68.8 68.6
2010 70.3 67.6
2009 69.7 64.6
2008 68.2 63.8
2007 68.1 62.7
2006 68.8 60.5
2005 69.3 61.3
2004 69.9 64.7
2003 68.6 64.6
2002 66.2 64.8
2001 66.8 69.6
2000 65.8 68.7
1999 62.9 69.2
1998 62.8 65
1997 59.1 63.8
1996 61.6 62.5
1995 56.8 56.9

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

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

The Economic Freedom Index for Botswana is 67.7, ranking 53/197, 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

Botswana Peru
Services, % of GDP
64.6%
2025
50.9%
2024
Industry, % of GDP
27.9%
2025
34.3%
2024
Agriculture, forestry, and fishing, % of GDP
1.78%
2025
7.47%
2024
GNI, Atlas method
$18.9B
2025
$291B
2025
GNI per capita, PPP
$19,960
2025
$17,540
2025
Total reserves including gold
$3.46B
2024
$90.4B
2025
Total reserves ranking
117/177
2024
32/177
2025
Net foreign direct investment
-$464M
2024
-$8.93B
2025
Net inflows of foreign direct investment
$467M
2024
$6.7B
2024
Net outflows of foreign direct investment
$3.02M
2024
$1.14B
2024
Servicing debt to the IMF, % of GNI
1.45%
2024
5.54%
2024
Poverty at national poverty lines
16.1%
2015
27.6%
2024
Gross capital formation, % of GDP
29.2%
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/botswana/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 (1990–2025, 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 (2022–2023, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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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.