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Economy of Iran vs Peru compared: GDP & Debt

Updated on by Georank

Iran has a GDP of $363B compared to $335B for Peru, ranking 44/197 and 47/197 by economy size, respectively.

Iran has $135B in government debt (37.3% of GDP), compared to $101B (30.2% of GDP) in Peru.

Iran vs Peru GDP by year

Iran
Peru
1x
Year GDP, current $
Iran Peru
2025 $362,682,115,433 $334,854,659,182
2024 $475,252,089,215 $291,751,523,019
2023 $457,510,482,317 $268,025,009,709
2022 $422,662,261,526 $246,169,867,863
2021 $407,350,685,583 $226,406,075,009
2020 $280,934,329,280 $201,409,694,756
2019 $347,988,400,958 $228,346,006,004
2018 $411,903,303,606 $222,597,009,739
2017 $510,239,893,418 $211,007,984,081
2016 $478,618,064,871 $191,898,104,390
2015 $409,191,686,497 $189,802,976,286
2014 $462,284,793,281 $200,786,250,583
2013 $500,399,839,840 $201,175,543,571
2012 $644,019,315,004 $192,650,021,649
2011 $629,082,257,472 $171,761,737,047
2010 $487,069,570,464 $147,527,631,521
2009 $414,059,094,949 $120,822,986,521
2008 $406,070,949,554 $120,550,599,815
2007 $349,736,591,832 $102,170,981,144
2006 $265,602,187,404 $88,643,193,062
2005 $224,970,371,325 $76,060,606,061
2004 $187,754,571,248 $66,768,703,498
2003 $151,911,222,119 $58,731,030,122
2002 $128,626,917,504 $54,777,553,515
2001 $126,878,750,296 $52,030,158,775
2000 $109,591,707,802 $51,744,749,133
1999 $113,848,450,088 $50,187,324,568
1998 $110,276,913,363 $55,501,467,877
1997 $113,919,163,421 $58,147,522,523
1996 $120,403,931,885 $55,252,414,130
1995 $96,419,225,744 $53,312,793,687
1994 $71,841,461,173 $44,882,079,767
1993 $63,743,623,232 $34,832,077,221
1992 $119,768,691,217 $35,966,302,303
1991 $131,637,664,958 $34,341,465,998
1990 $124,813,263,926 $26,410,386,963
1989 $120,496,362,916 $22,499,558,526
1988 $123,057,861,334 $15,439,408,447
1987 $134,009,995,923 $36,889,706,593
1986 $209,094,561,833 $21,859,448,586
1985 $180,183,629,600 $15,078,736,875
1984 $162,276,728,620 $17,600,400,385
1983 $156,365,156,618 $17,345,260,564
1982 $125,948,756,439 $21,794,535,621
1981 $100,499,312,750 $21,648,214,893
1980 $94,362,275,580 $18,136,838,538
1979 $90,391,877,326 $15,954,012,439
1978 $77,994,316,621 $12,491,876,743
1977 $80,600,122,702 $14,544,913,961
1976 $68,055,295,081 $16,131,958,851
1975 $51,776,222,350 $16,931,162,355
1974 $46,209,092,072 $13,858,441,211
1973 $27,081,698,250 $10,994,381,895
1972 $17,153,463,263 $9,189,413,409
1971 $13,731,802,833 $8,289,582,884
1970 $10,976,245,154 $7,432,223,177
1969 $9,743,089,607 $6,420,909,790
1968 $8,623,172,960 $5,736,083,835
1967 $7,555,383,690 $6,194,340,080
1966 $6,789,938,672 $6,109,048,737
1965 $6,197,319,929 $5,163,008,077
1964 $5,379,845,648 $4,353,664,867
1963 $4,928,628,018 $3,598,272,493
1962 $4,693,566,416 $3,284,322,201
1961 $4,426,949,095 $2,897,852,693
1960 $4,199,134,390 $2,571,986,572

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

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

GDP per capita in Iran vs Peru by year

Iran
GDP per capita

GDP per capita, PPP
Peru
GDP per capita

GDP per capita, PPP
1x
Year Current $
Iran Peru
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $3,924 - $9,684 -
2024 $5,190 $19,874 $8,526 $17,802
2023 $5,049 $18,917 $7,919 $17,011
2022 $4,721 $17,546 $7,354 $16,669
2021 $4,605 $15,884 $6,829 $15,281
2020 $3,203 $15,119 $6,133 $12,563
2019 $3,997 $13,928 $7,037 $13,564
2018 $4,783 $15,324 $6,978 $13,078
2017 $6,001 $15,719 $6,736 $12,592
2016 $5,711 $15,195 $6,217 $12,067
2015 $4,953 $14,274 $6,232 $11,600
2014 $5,672 $16,065 $6,667 $11,518
2013 $6,223 $16,215 $6,747 $11,291
2012 $8,114 $17,021 $6,519 $10,757
2011 $8,026 $19,275 $5,861 $10,463
2010 $6,291 $18,628 $5,072 $9,713
2009 $5,416 $17,615 $4,181 $8,917
2008 $5,377 $17,549 $4,198 $8,820
2007 $4,688 $17,384 $3,581 $7,982
2006 $3,619 $15,907 $3,130 $7,214
2005 $3,132 $15,016 $2,707 $6,560
2004 $2,672 $14,425 $2,397 $6,038
2003 $2,209 $13,755 $2,129 $5,657
2002 $1,891 $12,554 $2,007 $5,383
2001 $1,881 $11,533 $1,930 $5,086
2000 $1,650 $11,187 $1,945 $5,012
1999 $1,740 $10,489 $1,917 $4,847
1998 $1,709 $10,285 $2,156 $4,791
1997 $1,790 $10,101 $2,301 $4,844
1996 $1,915 $9,916 $2,227 $4,556
1995 $1,550 $9,255 $2,190 $4,435
1994 $1,168 $8,951 $1,879 $4,123
1993 $1,038 $8,933 $1,488 $3,666
1992 $1,957 $8,888 $1,567 $3,472
1991 $2,194 $8,580 $1,527 $3,484
1990 $2,138 $7,566 $1,200 $3,367
1989 $2,125 - $1,045 -
1988 $2,234 - $733 -
1987 $2,513 - $1,792 -
1986 $4,064 - $1,087 -
1985 $3,634 - $767 -
1984 $3,395 - $918 -
1983 $3,397 - $927 -
1982 $2,845 - $1,194 -
1981 $2,393 - $1,216 -
1980 $2,368 - $1,045 -
1979 $2,352 - $942 -
1978 $2,101 - $756 -
1977 $2,243 - $903 -
1976 $1,954 - $1,026 -
1975 $1,532 - $1,104 -
1974 $1,409 - $927 -
1973 $851 - $754 -
1972 $555 - $647 -
1971 $457 - $599 -
1970 $377 - $550 -
1969 $345 - $488 -
1968 $314 - $448 -
1967 $283.7 - $498 -
1966 $262.9 - $505 -
1965 $247.5 - $439 -
1964 $221.7 - $381 -
1963 $209.6 - $324 -
1962 $205.8 - $305 -
1961 $200.1 - $276.6 -
1960 $195.6 - $252.8 -

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

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

Iran's GDP per capita is $3,924, ranking 135/197, compared to $9,684 in Peru, ranking 90/197. Adjusted for purchasing power (GDP per capita PPP), Iran ranks 97th at $19,874, while Peru ranks 104th at $17,802.

Economic indicators

Iran Peru
Gross domestic product
$363B
2025
$335B
2025
GDP rank
44/197
2025
47/197
2025
GDP growth
-2.83%
2024-2025
3.43%
2024-2025
GDP per capita
$3,924
2025
$9,684
2025
GDP per capita rank
135/197
2025
90/197
2025
GDP per capita, PPP
$19,874
2024
$17,802
2024
GDP per capita PPP rank
97/197
2024
104/197
2024
Government debt
$135B
2025
$101B
2025
Debt-to-GDP ratio
37.3%
2025
30.2%
2025
Government debt per person
$1,463
2025
$2,927
2025
Government debt per person rank
133/185
2025
107/185
2025
Average annual personal income after taxes
$2,958
2026
$7,143
2026
Market capitalization of domestic companies
$186B
2025
$105B
2025
Income share by richest 10%
28.2%
2023
30.3%
2024
Income share by poorest 10%
2.8%
2023
2%
2024
Government expenditure, % of GDP
13.4%
2025
21.4%
2025
Consumer prices inflation
42.2%
2024-2025
1.53%
2024-2025
Central bank interest rate
23%
2023
4.25%
2025
Unemployment rate
7.63%
2024
4.32%
2025
Population
93580141
35105331

Spending and national debt comparison by year

Iran
Spending

Debt
Peru
Spending

Debt
1x
Year % of GDP
Iran Peru
Government spending Government debt Government spending Government debt
2025 13.4% 37.3% 21.4% 30.2%
2024 16% 31.2% 22.2% 32.1%
2023 12.8% 29.6% 22.1% 32.4%
2022 12.8% 34.5% 23.1% 33.5%
2021 13.4% 39.9% 23.1% 35.5%
2020 12.1% 47.1% 25.7% 34.3%
2019 13.6% 44.6% 20.8% 26.5%
2018 14.8% 41.6% 21% 25.7%
2017 16.4% 43.2% 20.6% 24.8%
2016 16.3% 45.9% 20.5% 23.9%
2015 14.1% 32.1% 22% 23.7%
2014 12.3% 10.9% 22.4% 20.5%
2013 11.5% 10.2% 21.5% 19.9%
2012 11.4% 11.7% 20.3% 20.7%
2011 14.6% 10.6% 19.8% 23.1%
2010 14.1% 12.8% 21% 25.1%
2009 15.7% 11.5% 21.3% 28.2%
2008 16.8% 10.6% 19.9% 28.1%
2007 14.2% 13.5% 18.6% 31.9%
2006 18.7% 15.2% 19.2% 34.9%
2005 17.9% 18.3% 20.4% 40.4%
2004 15.1% 21.1% 19.6% 46.7%
2003 15.7% 21.9% 20.1% 49.4%
2002 15.6% 23.4% 19.6% 45.5%
2001 13.6% 21% 20.9% 43.8%
2000 13.3% 18.2% 21.7% 44.9%
1999 15.7% 22.2% 17.8% 41.1%
1998 16.9% 29.6% 16.3% 36.8%
1997 17.4% 30.9% 15.6% 34.5%
1996 17.3% 29.3% 16.5% 37.4%
1995 21% 31.2% 17.5% 36.8%
1994 23% 41.7% 16.9% 41.9%
1993 27.2% 25.6% 18.2% 49.9%
1992 14.4% 25.2% 19.1% 46.8%
1991 14% 29.3% 15.7% 48.3%
1990 16.4% 37% 20.4% 56.3%
1989 20% 48.8% 12.1% 34.9%
1988 23.6% 53.2% 12.8% 42.8%
1987 18.6% 48.6% 15.5% 39.1%
1986 19% 47.4% 16.6% 48.6%
1985 21.6% 8.73% 17.2% 63.4%
1984 23.7% 10% 18.3% 56.7%
1983 27.5% 35.7% 19.4% 56.2%
1982 29.7% 47.7% 17.6% 34.2%
1981 33.7% 47.6% 18.4% 30.6%
1980 35.8% 35.5% 19.3% 36.3%
1979 - - 16.4% 45.9%
1978 - - 19% 56%
1977 - 9.23% 19.4% 44.8%
1976 - 6.92% 21.1% 34.5%
1975 - 8.81% 19.8% 27%
1974 - 6.68% 17.7% 24%
1973 - 12.8% 19.5% 22.6%
1972 - 12.7% 15.3% 20.6%
1971 - 14.2% 15% 19%
1970 - 14.1% 14.3% 20%
1969 - - 16.4% -
1968 23.6% - 18.4% 15.2%
1967 22.3% - 19.1% 12.1%
1966 20.5% - 18.6% 17%
1965 16.3% 14.9% 18.7% 14.5%
1964 15.4% 15.2% 16.9% 14.1%
1963 14.8% 12.4% 16.2% -
1962 15.6% 13.4% 14.6% -
1961 - - 14.8% 16%
1960 - - 13.3% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Iran's government spending was $48.7B, accounting for 13.4% of its GDP, while Peru spent $71.7B, or 21.4% of GDP.

Debt-to-GDP ratio is 37.3% in Iran and 30.2% in Peru, ranking 139/185 and 154/185, respectively.

Government deficit by year

Deficit/surplus
Iran

Peru
1x
Year Deficit/surplus, % of GDP
Iran Peru
2025 -5.65% -2.36%
2024 -2.68% -3.53%
2023 -3.04% -2.74%
2022 -2.64% -1.38%
2021 -3.01% -2.49%
2020 -4.87% -8.19%
2019 -4.3% -1.37%
2018 -1.59% -1.94%
2017 -1.55% -2.79%
2016 -1.7% -2.12%
2015 -1.3% -2.02%
2014 -0.91% -0.19%
2013 -0.72% 0.75%
2012 -0.5% 2.07%
2011 -0.66% 2.05%
2010 -0.84% -0.02%
2009 -3.3% -1.48%
2008 -4.39% 2.48%
2007 -2.41% 3.35%
2006 -4.91% 2.03%
2005 -2.44% -0.44%
2004 -2.45% -1.03%
2003 -2.76% -1.62%
2002 -2.88% -1.4%
2001 0.02% -2.15%
2000 5.42% -2.12%
1999 -0.51% -2.93%
1998 -5.03% -0.2%
1997 -1.81% 0.47%
1996 -0.75% -0.25%
1995 -2.63% -2.05%
1994 -3.36% -1.9%
1993 -5.15% -2.82%
1992 -0.86% -3.55%
1991 -1.64% -1.98%
1990 -1.73% -7.99%
1989 -4.45% -1.3%
1988 -10.3% -3.57%
1987 -6.84% -6.26%
1986 -7.84% -4.08%
1985 -3.74% -2.41%
1984 -4.02% -4.45%
1983 -6.15% -7.52%
1982 -5.55% -3.22%
1981 -10.7% -3.98%
1980 -14.2% -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 -4.57% -3.28%
1967 -4% -3.76%
1966 -2.63% -5.41%
1965 -1.23% -4.79%
1964 -0.04% -3.37%
1963 0.26% -1.86%
1962 -1.39% 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 (1990–2025, retrieved 2026-07-08).

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

In 2025, Iran's government deficit, the difference between spending and revenue, was $20.5B, equivalent to 5.65% of GDP. This compares to Peru's deficit of $7.9B, or 2.36% of GDP.

Over the past 64 years, Iran recorded a fiscal deficit in 50 of those years, while Peru ran a deficit in 56 years. On average, Iran posted an annual deficit equal to 3.15% of GDP, compared to deficit of 2.42% of GDP for Peru.

Inflation comparison by year

Inflation
Iran

Peru
1x
Year Consumer prices inflation
Iran Peru
2025 42.2% 1.53%
2024 32.5% 2.01%
2023 44.6% 6.46%
2022 43.5% 8.33%
2021 43.4% 4.27%
2020 30.6% 2%
2019 39.9% 2.25%
2018 18% 1.51%
2017 8.04% 2.99%
2016 7.25% 3.56%
2015 12.5% 3.4%
2014 16.6% 3.41%
2013 36.6% 2.77%
2012 27.3% 3.61%
2011 26.3% 3.37%
2010 10.1% 1.53%
2009 13.6% 2.94%
2008 25.4% 5.79%
2007 17.3% 1.78%
2006 10% 2%
2005 13.4% 1.62%
2004 14.8% 3.66%
2003 16.5% 2.26%
2002 14.3% 0.19%
2001 11.3% 1.98%
2000 14.5% 3.76%
1999 20.1% 3.47%
1998 17.9% 7.25%
1997 17.3% 8.56%

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

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

Over the past 29 years, Iran has recorded an average annual inflation rate of 22.3%, compared with 3.39% in Peru. In 2025, inflation was 42.2% in Iran and 1.53% in Peru.

Top exports between countries

Iran
Export category Export value
Chemicals & pharma $942K
Raw materials & minerals $77K
Metals $73K
Raw agricultural goods $65K
Textiles & consumer goods $39K
Peru
Export category Export value
Chemicals & pharma $643K
Raw materials & minerals $324K
Animal & marine products $99K

Balance of trade

Iran Peru
Current account balance
$12.5B
2000
$12B
2025
Current account balance ranking
22/190
2000
23/190
2025
Current account balance, % of GDP
+11.4%
2000
+3.58%
2025
Goods imports
$15.2B
2000
$58.6B
2025
Goods exports
$28.3B
2000
$94B
2025
Service imports
$2.3B
2000
$15.9B
2025
Service exports
$1.38B
2000
$7.64B
2025
Imports of goods and services, % of GDP
34.5%
2025
21.8%
2025
Exports of goods and services, % of GDP
25.8%
2025
30%
2025

Economic freedom indices

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

Iran Peru
Economic freedom 41.8 66.3
Economic freedom ranking 185/197 62/197
Property rights 20.2 44
Government integrity 16.2 35
Judicial effectiveness 18.7 47.8
Tax burden 81.3 79.4
Government spending 94.7 84.8
Fiscal health 83.3 87.4
Business freedom 37.4 73.1
Labor freedom 41.8 64.7
Monetary freedom 42.2 77.6
Trade freedom 55.8 81.6
Investment freedom 5 60
Financial freedom 5 60

Economic freedom comparison by year

Iran
Peru
1x
Year Economic freedom index
Iran Peru
2026 41.8 66.3
2025 42.5 65.9
2024 41.2 64.8
2023 42.2 66.5
2022 42.4 66.5
2021 47.2 67.7
2020 49.2 67.9
2019 51.1 67.8
2018 50.9 68.7
2017 50.5 68.9
2016 43.5 67.4
2015 41.8 67.7
2014 40.3 67.4
2013 43.2 68.2
2012 42.3 68.7
2011 42.1 68.6
2010 43.4 67.6
2009 44.6 64.6
2008 45 63.8
2007 45 62.7
2006 45 60.5
2005 50.5 61.3
2004 42.8 64.7
2003 43.2 64.6
2002 36.4 64.8
2001 35.9 69.6
2000 36.1 68.7
1999 36.8 69.2
1998 36 65
1997 34.5 63.8
1996 36.1 62.5
1995 - 56.9

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

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

The Economic Freedom Index for Iran is 41.8, ranking 185/197, 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

Iran Peru
Services, % of GDP
47.1%
2025
50.9%
2024
Industry, % of GDP
39.6%
2025
34.3%
2024
Agriculture, forestry, and fishing, % of GDP
10.6%
2025
7.47%
2024
GNI, Atlas method
$429B
2025
$291B
2025
GNI per capita, PPP
$19,660
2025
$17,540
2025
Total reserves including gold
$7.69B
1982
$90.4B
2025
Total reserves ranking
89/177
1982
32/177
2025
Net foreign direct investment
-$39M
2000
-$8.93B
2025
Net inflows of foreign direct investment
$1.45B
2024
$6.7B
2024
Net outflows of foreign direct investment
$89.4M
2024
$1.14B
2024
Servicing debt to the IMF, % of GNI
0.08%
2024
5.54%
2024
Poverty at national poverty lines
18.7%
2020
27.6%
2024
Gross capital formation, % of GDP
41.8%
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/iran/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)
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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.