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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 $345B compared to $289B for Peru, ranking 45/197 and 49/197 by economy size, respectively.

The Czech Republic has $148B in government debt (44.2% 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.

Czech Republic
GDP, current $

GDP, constant 2015 $
Peru
GDP, current $

GDP, constant 2015 $
Year GDP
Czech Republic 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 $41,016,881,802 $122,972,963,913 $26,410,386,963 $59,592,279,647
1991 $30,071,014,282 $108,689,725,031 $34,341,465,998 $60,914,786,738
1992 $35,051,065,440 $108,139,165,551 $35,966,302,303 $60,585,536,757
1993 $41,155,654,032 $108,206,108,282 $34,832,077,221 $63,762,386,033
1994 $48,188,478,339 $111,354,158,853 $44,882,079,767 $71,610,493,994
1995 $60,572,381,311 $118,281,953,160 $53,312,793,687 $76,917,830,599
1996 $67,804,105,330 $123,212,636,053 $55,252,414,130 $79,070,739,970
1997 $62,539,765,163 $122,478,487,836 $58,147,522,523 $84,192,012,967
1998 $67,187,217,328 $121,996,963,424 $55,501,467,877 $83,862,369,617
1999 $65,586,562,605 $123,678,521,512 $50,187,324,568 $85,116,037,106
2000 $62,175,642,238 $128,638,858,401 $51,744,749,133 $87,409,379,265
2001 $68,135,304,464 $132,391,536,300 $52,030,158,775 $87,949,475,111
2002 $82,607,869,610 $134,395,228,572 $54,777,553,515 $92,745,825,187
2003 $100,435,924,705 $138,831,395,778 $58,731,030,122 $96,608,710,265
2004 $120,147,899,984 $145,406,922,288 $66,768,703,498 $101,398,766,434
2005 $137,264,185,596 $154,676,655,550 $76,060,606,061 $107,771,740,074
2006 $156,236,258,387 $164,921,158,025 $88,643,193,062 $115,885,765,582
2007 $190,040,702,287 $173,973,393,346 $102,170,981,144 $125,757,364,463
2008 $236,506,264,754 $178,518,044,754 $120,550,599,815 $137,234,696,225
2009 $206,971,882,705 $169,952,170,271 $120,822,986,521 $138,738,546,495
2010 $211,168,667,286 $174,565,802,522 $147,527,631,521 $150,298,879,148
2011 $231,429,378,717 $177,659,773,383 $171,761,737,047 $159,808,578,409
2012 $210,363,223,088 $176,290,606,022 $192,650,021,649 $169,620,385,179
2013 $213,024,360,541 $176,216,894,660 $201,175,543,571 $179,547,449,111
2014 $210,911,285,078 $180,173,337,875 $200,786,250,583 $183,824,551,906
2015 $189,107,698,562 $189,107,698,562 $189,802,976,286 $189,802,976,286
2016 $198,160,659,304 $193,988,322,685 $191,898,104,390 $197,306,492,869
2017 $221,563,575,696 $204,024,435,233 $211,007,984,081 $202,276,318,742
2018 $251,992,360,762 $209,798,950,825 $222,597,009,739 $210,305,376,513
2019 $256,794,209,029 $217,279,912,682 $228,346,006,004 $215,017,545,590
2020 $251,109,660,603 $205,753,475,018 $201,409,694,756 $191,509,018,300
2021 $290,972,714,482 $214,043,320,221 $226,328,766,460 $217,099,648,514
2022 $301,831,228,326 $220,137,498,831 $246,065,570,308 $223,198,050,485
2023 $343,206,568,135 $220,015,846,842 $266,958,720,838 $222,298,021,864
2024 $345,036,675,975 $222,480,870,567 $289,221,969,060 $229,642,617,310

Economic indicators

Czech Republic Peru
Gross domestic product
$345B
2024
$289B
2024
GDP rank
45/197
2024
49/197
2024
GDP growth
0.53%
2023-2024
8.34%
2023-2024
GDP per capita
$31,707
2024
$8,452
2024
GDP per capita rank
39/197
2024
93/197
2024
GDP per capita, PPP
$56,806
2024
$17,802
2024
Government debt
$148B
2024
$94.8B
2024
Debt-to-GDP ratio
44.2%
2025
33.7%
2025
Government debt per person
$13,630
2024
$2,770
2024
Government debt per person rank
43/185
2024
106/185
2024
Average annual personal income after taxes
$21,451
2025
$6,804
2025
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
43.3%
2025
22.6%
2025
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
5.2%
2024
Population
10753822
34854181

GDP per capita in Czech Republic vs Peru

The Czech Republic's GDP per capita is $31,707, ranking 39/197, compared to $8,452 in Peru, ranking 93/197. Adjusted for purchasing power (GDP per capita PPP), the Czech Republic ranks 34th at $56,806, while Peru ranks 102nd at $17,802.

Czech Republic
GDP per capita

GDP per capita, PPP
Peru
GDP per capita

GDP per capita, PPP
Year Current $
Czech Republic 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 $3,969 $12,806 $1,200 $3,367
1991 $2,917 $11,730 $1,527 $3,484
1992 $3,397 $11,924 $1,567 $3,472
1993 $3,984 $12,201 $1,488 $3,666
1994 $4,663 $12,820 $1,879 $4,123
1995 $5,865 $13,948 $2,190 $4,435
1996 $6,573 $14,775 $2,227 $4,556
1997 $6,069 $14,908 $2,301 $4,844
1998 $6,527 $15,063 $2,156 $4,791
1999 $6,378 $15,494 $1,917 $4,847
2000 $6,063 $16,329 $1,945 $5,012
2001 $6,669 $17,711 $1,930 $5,086
2002 $8,101 $18,344 $2,007 $5,383
2003 $9,852 $19,607 $2,129 $5,657
2004 $11,783 $20,991 $2,397 $6,038
2005 $13,442 $22,115 $2,707 $6,560
2006 $15,259 $23,919 $3,130 $7,214
2007 $18,453 $26,269 $3,581 $7,982
2008 $22,775 $27,938 $4,198 $8,820
2009 $19,817 $27,699 $4,181 $8,917
2010 $20,160 $28,157 $5,072 $9,713
2011 $22,049 $29,237 $5,861 $10,463
2012 $20,014 $29,466 $6,519 $10,757
2013 $20,260 $31,013 $6,747 $11,291
2014 $20,038 $32,743 $6,667 $11,518
2015 $17,932 $34,102 $6,232 $11,600
2016 $18,754 $36,445 $6,217 $12,067
2017 $20,913 $39,346 $6,736 $12,592
2018 $23,706 $41,638 $6,978 $13,078
2019 $24,063 $45,614 $7,037 $13,564
2020 $23,473 $44,839 $6,133 $12,563
2021 $27,696 $47,796 $6,826 $15,281
2022 $28,282 $51,710 $7,351 $16,669
2023 $31,591 $53,217 $7,888 $17,011
2024 $31,707 $56,806 $8,452 $17,802

Spending and national debt comparison

In 2024, the Czech Republic's government spending was $148B, accounting for 43.3% of its GDP, while Peru's spent $65.6B, or 22.6% of GDP.

Debt-to-GDP ratio is 44.2% in the Czech Republic and 33.7% in Peru, ranking 119/185 and 153/185, respectively.

Czech Republic
Government spending

Government debt
Peru
Government spending

Government debt
Year % of GDP
Czech Republic 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 52.8% 13.5% 17.5% 36.8%
1996 41.4% 11.5% 16.5% 37.4%
1997 41.3% 12.1% 15.6% 34.5%
1998 41.6% 13.9% 16.3% 36.8%
1999 40.9% 15.1% 17.8% 41.1%
2000 40.6% 16.9% 21.7% 44.9%
2001 43.1% 22.6% 20.9% 43.8%
2002 44.4% 25.7% 19.6% 45.5%
2003 49% 28.1% 20.1% 49.4%
2004 42.2% 28.3% 19.6% 46.7%
2005 42.3% 27.7% 20.4% 40.4%
2006 41.5% 27.6% 19.2% 34.9%
2007 40.5% 27.3% 18.6% 31.9%
2008 40.9% 28.2% 19.8% 28%
2009 44.5% 33.4% 21.4% 28.3%
2010 43.2% 36.7% 21% 25.1%
2011 42.8% 39.4% 19.7% 23%
2012 44.4% 43.8% 20.3% 20.6%
2013 42.4% 44.1% 21.5% 19.9%
2014 42.3% 41.5% 22.4% 20.5%
2015 41.7% 39.5% 22.2% 23.9%
2016 39.4% 36.2% 20.8% 24.2%
2017 38.5% 33.8% 20.9% 25.1%
2018 40.1% 31.7% 21.2% 25.9%
2019 40.4% 29.6% 21.1% 26.9%
2020 46.3% 36.9% 26.1% 34.9%
2021 45% 40.7% 23.5% 36.1%
2022 43% 42.5% 23.5% 34%
2023 43.9% 42.4% 22.5% 33%
2024 43% 43% 22.7% 32.8%
2025 43.3% 44.2% 22.6% 33.7%

Government deficit by year

In 2024, the Czech Republic's government deficit, the difference between spending and revenue, was -$7.63B, equivalent to -2.21% of GDP. This compares to Peru's deficit of -$10.4B, or -3.6% 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 -3.17% of GDP, compared to deficit of -1.06% of GDP for Peru.

Deficit/surplus
Czech Republic

Peru
Year Deficit/surplus, % of GDP
Czech Republic 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 -12.3% -2.05%
1996 -2.98% -0.25%
1997 -3.14% 0.47%
1998 -4.14% -0.2%
1999 -3.08% -2.93%
2000 -3.55% -2.12%
2001 -5.76% -2.15%
2002 -6.34% -1.4%
2003 -6.87% -1.62%
2004 -2.4% -1.03%
2005 -3.06% -0.44%
2006 -2.19% 2.03%
2007 -0.68% 3.35%
2008 -2% 2.48%
2009 -5.46% -1.48%
2010 -4.14% -0.02%
2011 -2.71% 2.04%
2012 -3.92% 2.07%
2013 -1.3% 0.75%
2014 -2.09% -0.19%
2015 -0.67% -2.04%
2016 0.68% -2.15%
2017 1.46% -2.83%
2018 0.88% -1.96%
2019 0.28% -1.39%
2020 -5.65% -8.3%
2021 -4.95% -2.53%
2022 -3.07% -1.4%
2023 -3.78% -2.82%
2024 -2.21% -3.6%
2025 -2.56% -2.54%

Inflation comparison by year

Over the past 29 years, the Czech Republic has recorded an average annual inflation rate of 3.8%, compared with 3.73% in Peru. In 2024, inflation was 2.44% in the Czech Republic and 2.01% in Peru.

Inflation
Czech Republic

Peru
Year Inflation
Czech Republic Peru Czech Republic Peru
1996 8.76% 11.5%
1997 8.6% 8.56%
1998 10.7% 7.25%
1999 2.14% 3.47%
2000 3.78% 3.76%
2001 4.66% 1.98%
2002 1.9% 0.19%
2003 0.12% 2.26%
2004 2.76% 3.66%
2005 1.86% 1.62%
2006 2.53% 2%
2007 2.85% 1.78%
2008 6.36% 5.79%
2009 1.02% 2.94%
2010 1.47% 1.53%
2011 1.92% 3.37%
2012 3.29% 3.61%
2013 1.44% 2.77%
2014 0.34% 3.41%
2015 0.31% 3.4%
2016 0.68% 3.56%
2017 2.45% 2.99%
2018 2.15% 1.51%
2019 2.85% 2.25%
2020 3.16% 2%
2021 3.84% 4.27%
2022 15.1% 8.33%
2023 10.7% 6.46%
2024 2.44% 2.01%

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
31/189
2024
29/189
2024
Current account balance, % of GDP
+1.75%
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
62.7%
2024
22.9%
2024
Exports of goods and services, % of GDP
69.2%
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 72.9 65.9
Economic freedom ranking 25/197 60/197
Property rights 89.9 44.9
Government integrity 62.8 34
Judicial effectiveness 92 47.3
Tax burden 78.9 79.4
Government spending 42.2 83.9
Fiscal health 71.5 89.8
Business freedom 81.4 70.6
Labor freedom 57.9 65.1
Monetary freedom 68.9 73.9
Trade freedom 79.6 81.6
Investment freedom 70 60
Financial freedom 80 60

Economic freedom by year comparison

The Economic Freedom Index for the Czech Republic is 72.9, ranking 25/197, compared to 65.9 for Peru, ranking 60/197. The chart below displays a comparison of annual changes in economic freedom indexes.

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

More economic indicators

Czech Republic Peru
Services, % of GDP
59.5%
2024
52.7%
2024
Industry, % of GDP
30.2%
2024
32.2%
2024
Agriculture, forestry, and fishing, % of GDP
1.5%
2024
6.06%
2024
GNI, Atlas method
$317B
2024
$256B
2024
GNI per capita, PPP
$54,340
2024
$16,770
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
5.42%
2023
Poverty at national poverty lines
10.2%
2021
27.6%
2024
Gross capital formation, % of GDP
26%
2024
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.