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Economy of Czech Republic vs Peru compared: GDP & Debt

Updated on by Georank team

The Czech Republic has a GDP of $347B compared to $289B for Peru, ranking 44/197 and 49/197 by economy size, respectively.

The Czech Republic has $150B in government debt (43.3% of GDP), compared to $93B (32.2% of GDP) in Peru.

Czech Republic vs Peru GDP by year

Czech Republic
Peru
1x
Year GDP, current $
Czech Republic Peru
2024 $347,034,062,928 $289,221,969,063
2023 $345,059,295,660 $266,958,720,838
2022 $301,831,228,326 $246,065,570,308
2021 $290,972,714,482 $226,328,766,460
2020 $251,109,660,603 $201,409,694,756
2019 $256,794,209,029 $228,346,006,004
2018 $251,992,360,762 $222,597,009,739
2017 $221,563,575,696 $211,007,984,081
2016 $198,160,659,304 $191,898,104,390
2015 $189,107,698,562 $189,802,976,286
2014 $210,911,285,078 $200,786,250,583
2013 $213,024,360,541 $201,175,543,571
2012 $210,363,223,088 $192,650,021,649
2011 $231,429,378,717 $171,761,737,047
2010 $211,168,667,286 $147,527,631,521
2009 $206,971,882,705 $120,822,986,521
2008 $236,506,264,754 $120,550,599,815
2007 $190,040,702,287 $102,170,981,144
2006 $156,236,258,387 $88,643,193,062
2005 $137,264,185,596 $76,060,606,061
2004 $120,147,899,984 $66,768,703,498
2003 $100,435,924,705 $58,731,030,122
2002 $82,607,869,610 $54,777,553,515
2001 $68,135,304,464 $52,030,158,775
2000 $62,175,642,238 $51,744,749,133
1999 $65,586,562,605 $50,187,324,568
1998 $67,187,217,328 $55,501,467,877
1997 $62,539,765,163 $58,147,522,523
1996 $67,804,105,330 $55,252,414,130
1995 $60,572,381,311 $53,312,793,687
1994 $48,188,478,339 $44,882,079,767
1993 $41,155,654,032 $34,832,077,221
1992 $35,051,065,440 $35,966,302,303
1991 $30,071,014,282 $34,341,465,998
1990 $41,016,881,802 $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/czech-republic/peru | CC BY

GDP per capita in Czech Republic vs Peru by year

Czech Republic
GDP per capita

GDP per capita, PPP
Peru
GDP per capita

GDP per capita, PPP
1x
Year Current $
Czech Republic Peru
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $31,823 $57,285 $8,452 $17,802
2023 $31,762 $55,761 $7,888 $17,011
2022 $28,282 $52,947 $7,351 $16,669
2021 $27,696 $47,796 $6,826 $15,281
2020 $23,473 $44,839 $6,133 $12,563
2019 $24,063 $45,614 $7,037 $13,564
2018 $23,706 $41,638 $6,978 $13,078
2017 $20,913 $39,346 $6,736 $12,592
2016 $18,754 $36,445 $6,217 $12,067
2015 $17,932 $34,093 $6,232 $11,600
2014 $20,038 $32,743 $6,667 $11,518
2013 $20,260 $31,013 $6,747 $11,291
2012 $20,014 $29,466 $6,519 $10,757
2011 $22,049 $29,237 $5,861 $10,463
2010 $20,160 $28,154 $5,072 $9,713
2009 $19,817 $27,713 $4,181 $8,917
2008 $22,775 $27,938 $4,198 $8,820
2007 $18,453 $26,268 $3,581 $7,982
2006 $15,259 $23,914 $3,130 $7,214
2005 $13,442 $22,115 $2,707 $6,560
2004 $11,783 $20,988 $2,397 $6,038
2003 $9,852 $19,604 $2,129 $5,657
2002 $8,101 $18,344 $2,007 $5,383
2001 $6,669 $17,709 $1,930 $5,086
2000 $6,063 $16,332 $1,945 $5,012
1999 $6,378 $15,494 $1,917 $4,847
1998 $6,527 $15,064 $2,156 $4,791
1997 $6,069 $14,911 $2,301 $4,844
1996 $6,573 $14,781 $2,227 $4,556
1995 $5,865 $13,957 $2,190 $4,435
1994 $4,663 $12,862 $1,879 $4,123
1993 $3,984 $12,242 $1,488 $3,666
1992 $3,397 $11,963 $1,567 $3,472
1991 $2,917 $11,768 $1,527 $3,484
1990 $3,969 $12,848 $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/czech-republic/peru | CC BY

The Czech Republic's GDP per capita is $31,823, ranking 39/197, compared to $8,452 in Peru, ranking 91/197. Adjusted for purchasing power (GDP per capita PPP), the Czech Republic ranks 35th at $57,285, while Peru ranks 104th at $17,802.

Economic indicators

Czech Republic Peru
Gross domestic product
$347B
2024
$289B
2024
GDP rank
44/197
2024
49/197
2024
GDP growth
1.23%
2023-2024
3.3%
2023-2024
GDP per capita
$31,823
2024
$8,452
2024
GDP per capita rank
39/197
2024
91/197
2024
GDP per capita, PPP
$57,285
2024
$17,802
2024
GDP per capita PPP rank
35/197
2024
104/197
2024
Government debt
$150B
2024
$93B
2024
Debt-to-GDP ratio
43.3%
2024
32.2%
2024
Government debt per person
$13,792
2024
$2,717
2024
Government debt per person rank
43/185
2024
108/185
2024
Average annual personal income after taxes
$22,139
2026
$7,290
2026
Market capitalization of domestic companies
$34.6B
2024
$82.2B
2024
Number of billionaires
11
2025
n/a
Income share by richest 10%
21.5%
2023
30.3%
2024
Income share by poorest 10%
3.8%
2023
2%
2024
Government expenditure, % of GDP
42.8%
2024
22.3%
2024
Consumer prices inflation
2.44%
2023-2024
2.01%
2023-2024
Central bank interest rate
3.5%
2025
4.25%
2025
Unemployment rate
2.6%
2024
4.86%
2024
Population
10649126
35031596

Spending and national debt comparison by year

Czech Republic
Spending

Debt
Peru
Spending

Debt
1x
Year % of GDP
Czech Republic Peru
Government spending Government debt Government spending Government debt
2024 42.8% 43.3% 22.3% 32.2%
2023 43.7% 42.2% 22.1% 32.4%
2022 43% 42.5% 23.1% 33.5%
2021 45% 40.7% 23.1% 35.5%
2020 46.3% 36.9% 25.6% 34.3%
2019 40.4% 29.6% 20.8% 26.5%
2018 40.1% 31.7% 21% 25.7%
2017 38.5% 33.8% 20.6% 24.8%
2016 39.4% 36.2% 20.5% 23.9%
2015 41.7% 39.5% 22% 23.7%
2014 42.3% 41.5% 22.4% 20.5%
2013 42.4% 44.1% 21.5% 19.9%
2012 44.4% 43.8% 20.3% 20.7%
2011 42.8% 39.4% 19.8% 23.1%
2010 43.2% 36.7% 21% 25.1%
2009 44.5% 33.4% 21.3% 28.2%
2008 40.9% 28.2% 19.9% 28.1%
2007 40.5% 27.3% 18.6% 31.9%
2006 41.5% 27.6% 19.2% 34.9%
2005 42.3% 27.7% 20.4% 40.4%
2004 42.2% 28.3% 19.6% 46.7%
2003 49% 28.1% 20.1% 49.4%
2002 44.4% 25.7% 19.6% 45.5%
2001 43.1% 22.6% 20.9% 43.8%
2000 40.6% 16.9% 21.7% 44.9%
1999 40.9% 15.1% 17.8% 41.1%
1998 41.6% 13.9% 16.3% 36.8%
1997 41.3% 12.1% 15.6% 34.5%
1996 41.4% 11.5% 16.5% 37.4%
1995 52.8% 13.5% 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 (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

GeoRank.org/economy/czech-republic/peru | CC BY

In 2024, the Czech Republic's government spending was $148B, accounting for 42.8% of its GDP, while Peru spent $64.4B, or 22.3% of GDP.

Debt-to-GDP ratio is 43.3% in the Czech Republic and 32.2% in Peru, ranking 124/185 and 154/185, respectively.

Government deficit by year

Deficit/surplus
Czech Republic

Peru
1x
Year Deficit/surplus, % of GDP
Czech Republic Peru
2024 -1.99% -3.54%
2023 -3.73% -2.78%
2022 -3.07% -1.38%
2021 -4.95% -2.49%
2020 -5.65% -8.16%
2019 0.28% -1.37%
2018 0.88% -1.94%
2017 1.46% -2.79%
2016 0.68% -2.12%
2015 -0.67% -2.02%
2014 -2.09% -0.19%
2013 -1.3% 0.75%
2012 -3.92% 2.07%
2011 -2.71% 2.05%
2010 -4.14% -0.02%
2009 -5.46% -1.48%
2008 -2% 2.48%
2007 -0.68% 3.35%
2006 -2.19% 2.03%
2005 -3.06% -0.44%
2004 -2.4% -1.03%
2003 -6.87% -1.62%
2002 -6.34% -1.4%
2001 -5.76% -2.15%
2000 -3.55% -2.12%
1999 -3.08% -2.93%
1998 -4.14% -0.2%
1997 -3.14% 0.47%
1996 -2.98% -0.25%
1995 -12.3% -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 (1995–2024, retrieved 2026-02-20).

GeoRank.org/economy/czech-republic/peru | CC BY

In 2024, the Czech Republic's government deficit, the difference between spending and revenue, was $6.92B, equivalent to 1.99% of GDP. This compares to Peru's deficit of $10.2B, or 3.54% of GDP.

Over the past 30 years, the Czech Republic recorded a fiscal deficit in 26 of those years, while Peru ran a deficit in 23 years. On average, the Czech Republic posted an annual deficit equal to 3.16% of GDP, compared to deficit of 1.04% of GDP for Peru.

Inflation comparison by year

Inflation
Czech Republic

Peru
1x
Year Consumer prices inflation
Czech Republic Peru
2024 2.44% 2.01%
2023 10.7% 6.46%
2022 15.1% 8.33%
2021 3.84% 4.27%
2020 3.16% 2%
2019 2.85% 2.25%
2018 2.15% 1.51%
2017 2.45% 2.99%
2016 0.68% 3.56%
2015 0.31% 3.4%
2014 0.34% 3.41%
2013 1.44% 2.77%
2012 3.29% 3.61%
2011 1.92% 3.37%
2010 1.47% 1.53%
2009 1.02% 2.94%
2008 6.36% 5.79%
2007 2.85% 1.78%
2006 2.53% 2%
2005 1.86% 1.62%
2004 2.76% 3.66%
2003 0.12% 2.26%
2002 1.9% 0.19%
2001 4.66% 1.98%
2000 3.78% 3.76%
1999 2.14% 3.47%
1998 10.7% 7.25%
1997 8.6% 8.56%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/czech-republic/peru | CC BY

Over the past 28 years, the Czech Republic has recorded an average annual inflation rate of 3.62%, compared with 3.45% in Peru. In 2024, inflation was 2.44% in the Czech Republic and 2.01% in Peru.

Top exports between countries

Czech Republic
Export category Export value
Machinery & equipment $20.3M
Textiles & consumer goods $12M
Chemicals & pharma $5.56M
Processed food, beverages & tobacco $4.37M
Metals $2.53M
Raw materials & minerals $1.35M
Weapons & explosives $1M
Wood & paper products $594K
Miscellaneous $237K
Animal & marine products $71K
Peru
Export category Export value
Textiles & consumer goods $2.13M
Raw agricultural goods $500K
Wood & paper products $321K
Chemicals & pharma $308K
Raw materials & minerals $284K
Miscellaneous $127K
Processed food, beverages & tobacco $81K
Animal & marine products $58K
Precious metals & jewellery $20K
Machinery & equipment $16K

Balance of trade

Czech Republic Peru
Current account balance
$6.05B
2024
$6.39B
2024
Current account balance ranking
31/190
2024
29/190
2024
Current account balance, % of GDP
+1.74%
2024
+2.21%
2024
Goods imports
$179B
2024
$52.1B
2024
Goods exports
$197B
2024
$76.2B
2024
Service imports
$38B
2024
$15.1B
2024
Service exports
$42.5B
2024
$7.15B
2024
Imports of goods and services, % of GDP
62.6%
2024
22.9%
2024
Exports of goods and services, % of GDP
68.9%
2024
28.5%
2024

Economic freedom indices

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

Czech Republic Peru
Economic freedom 73.2 66.3
Economic freedom ranking 25/197 62/197
Property rights 89.8 44
Government integrity 64.7 35
Judicial effectiveness 92.1 47.8
Tax burden 78.8 79.4
Government spending 44.2 84.8
Fiscal health 82.5 87.4
Business freedom 76.8 73.1
Labor freedom 55.1 64.7
Monetary freedom 75 77.6
Trade freedom 79.4 81.6
Investment freedom 70 60
Financial freedom 70 60

Economic freedom comparison by year

Czech Republic
Peru
1x
Year Economic freedom index
Czech Republic Peru
2026 73.2 66.3
2025 72.9 65.9
2024 70.2 64.8
2023 71.9 66.5
2022 74.4 66.5
2021 73.8 67.7
2020 74.8 67.9
2019 73.7 67.8
2018 74.2 68.7
2017 73.3 68.9
2016 73.2 67.4
2015 72.5 67.7
2014 72.2 67.4
2013 70.9 68.2
2012 69.9 68.7
2011 70.4 68.6
2010 69.8 67.6
2009 69.4 64.6
2008 68.1 63.8
2007 67.4 62.7
2006 66.4 60.5
2005 64.6 61.3
2004 67 64.7
2003 67.5 64.6
2002 66.5 64.8
2001 70.2 69.6
2000 68.6 68.7
1999 69.7 69.2
1998 68.4 65
1997 68.8 63.8
1996 68.1 62.5
1995 67.8 56.9

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

GeoRank.org/economy/czech-republic/peru | CC BY

The Economic Freedom Index for the Czech Republic is 73.2, ranking 25/197, 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

Czech Republic Peru
Services, % of GDP
60.2%
2024
51.3%
2024
Industry, % of GDP
29.2%
2024
34%
2024
Agriculture, forestry, and fishing, % of GDP
1.9%
2024
7.34%
2024
GNI, Atlas method
$322B
2024
$257B
2024
GNI per capita, PPP
$54,800
2024
$16,780
2024
Total reserves including gold
$146B
2024
$79.2B
2024
Total reserves ranking
22/177
2024
33/177
2024
Net foreign direct investment
-$1.87B
2024
-$5.63B
2024
Net inflows of foreign direct investment
$13.1B
2024
$6.8B
2024
Net outflows of foreign direct investment
$11.2B
2024
$1.17B
2024
Servicing debt to the IMF, % of GNI n/a
5.58%
2024
Poverty at national poverty lines
10.2%
2021
27.6%
2024
Gross capital formation, % of GDP
26.3%
2024
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/czech-republic/peru | CC BY

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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 (1995–2024, 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 (2024, 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.