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Economy of Maldives vs Peru compared: GDP & Debt

Updated on by Georank

Maldives has a GDP of $7.74B compared to $335B for Peru, ranking 159/197 and 47/197 by economy size, respectively.

Maldives has $9.71B in government debt (125.4% of GDP), compared to $101B (30.2% of GDP) in Peru.

Maldives vs Peru GDP by year

Maldives
Peru
1x
Year GDP, current $
Maldives Peru
2025 $7,741,066,861 $334,854,659,182
2024 $7,061,608,267 $291,751,523,019
2023 $6,621,008,704 $268,025,009,709
2022 $6,177,123,352 $246,169,867,863
2021 $5,252,457,370 $226,406,075,009
2020 $3,712,604,583 $201,409,694,756
2019 $5,726,094,799 $228,346,006,004
2018 $5,404,344,163 $222,597,009,739
2017 $4,816,426,257 $211,007,984,081
2016 $4,409,942,624 $191,898,104,390
2015 $4,129,505,319 $189,802,976,286
2014 $3,697,353,039 $200,786,250,583
2013 $3,295,009,238 $201,175,543,571
2012 $2,886,163,997 $192,650,021,649
2011 $2,774,350,240 $171,761,737,047
2010 $2,588,176,055 $147,527,631,521
2009 $2,345,294,875 $120,822,986,521
2008 $2,271,646,188 $120,550,599,815
2007 $1,868,383,461 $102,170,981,144
2006 $1,575,200,391 $88,643,193,062
2005 $1,163,362,438 $76,060,606,061
2004 $1,226,829,563 $66,768,703,498
2003 $1,052,121,055 $58,731,030,122
2002 $897,031,250 $54,777,553,515
2001 $870,031,677 $52,030,158,775
2000 $624,337,145 $51,744,749,133
1999 $589,239,754 $50,187,324,568
1998 $540,096,398 $55,501,467,877
1997 $508,223,602 $58,147,522,523
1996 $450,382,328 $55,252,414,130
1995 $398,988,955 $53,312,793,687
1994 $356,014,932 $44,882,079,767
1993 $322,417,837 $34,832,077,221
1992 $284,875,809 $35,966,302,303
1991 $244,396,762 $34,341,465,998
1990 $215,043,970 $26,410,386,963
1989 $189,514,434 $22,499,558,526
1988 $168,514,513 $15,439,408,447
1987 $141,223,029 $36,889,706,593
1986 $141,882,254 $21,859,448,586
1985 $127,190,758 $15,078,736,875
1984 $109,503,546 $17,600,400,385
1983 $57,829,787 $17,345,260,564
1982 $47,911,340 $21,794,535,621
1981 $44,781,457 $21,648,214,893
1980 $42,463,576 $18,136,838,538
1979 $38,523,364 $15,954,012,439
1978 $24,369,109 $12,491,876,743
1977 $20,853,789 $14,544,913,961
1976 $22,399,467 $16,131,958,851
1975 $24,540,878 $16,931,162,355
1974 $39,120,171 $13,858,441,211
1973 $30,862,042 $10,994,381,895
1972 $25,177,138 $9,189,413,409
1971 $21,566,404 $8,289,582,884
1970 $19,328,038 $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/maldives/peru | CC BY

GDP per capita in Maldives vs Peru by year

Maldives
GDP per capita

GDP per capita, PPP
Peru
GDP per capita

GDP per capita, PPP
1x
Year Current $
Maldives Peru
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $14,615 - $9,684 -
2024 $13,379 $26,183 $8,526 $17,802
2023 $12,588 $24,786 $7,919 $17,011
2022 $11,786 $22,881 $7,354 $16,669
2021 $10,176 $19,053 $6,829 $15,281
2020 $7,394 $13,425 $6,133 $12,563
2019 $11,740 $23,077 $7,037 $13,564
2018 $11,423 $21,899 $6,978 $13,078
2017 $10,510 $19,768 $6,736 $12,592
2016 $9,948 $18,770 $6,217 $12,067
2015 $9,645 $17,875 $6,232 $11,600
2014 $8,939 $16,723 $6,667 $11,518
2013 $8,236 $15,264 $6,747 $11,291
2012 $7,461 $13,989 $6,519 $10,757
2011 $7,425 $13,726 $5,861 $10,463
2010 $7,174 $12,797 $5,072 $9,713
2009 $6,734 $12,266 $4,181 $8,917
2008 $6,757 $13,779 $4,198 $8,820
2007 $5,758 $12,852 $3,581 $7,982
2006 $5,019 $12,075 $3,130 $7,214
2005 $3,797 $9,704 $2,707 $6,560
2004 $4,070 $10,770 $2,397 $6,038
2003 $3,549 $10,065 $2,129 $5,657
2002 $3,076 $8,823 $2,007 $5,383
2001 $3,034 $8,236 $1,930 $5,086
2000 $2,214 $8,526 $1,945 $5,012
1999 $2,124 $8,162 $1,917 $4,847
1998 $1,980 $7,710 $2,156 $4,791
1997 $1,898 $7,226 $2,301 $4,844
1996 $1,717 $6,687 $2,227 $4,556
1995 $1,555 $6,223 $2,190 $4,435
1994 $1,419 $5,520 $1,879 $4,123
1993 $1,317 $5,138 $1,488 $3,666
1992 $1,194 $4,881 $1,567 $3,472
1991 $1,054 $4,604 $1,527 $3,484
1990 $957 $4,528 $1,200 $3,367
1989 $870 - $1,045 -
1988 $799 - $733 -
1987 $692 - $1,792 -
1986 $720 - $1,087 -
1985 $669 - $767 -
1984 $594 - $918 -
1983 $323 - $927 -
1982 $274.8 - $1,194 -
1981 $264.1 - $1,216 -
1980 $257.6 - $1,045 -
1979 $240.2 - $942 -
1978 $156.1 - $756 -
1977 $137.3 - $903 -
1976 $151.8 - $1,026 -
1975 $171.4 - $1,104 -
1974 $281.5 - $927 -
1973 $228.7 - $754 -
1972 $192.2 - $647 -
1971 $169.8 - $599 -
1970 $156.9 - $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/maldives/peru | CC BY

Maldives' GDP per capita is $14,615, ranking 75/197, compared to $9,684 in Peru, ranking 90/197. Adjusted for purchasing power (GDP per capita PPP), Maldives ranks 81st at $26,183, while Peru ranks 104th at $17,802.

Economic indicators

Maldives Peru
Gross domestic product
$7.74B
2025
$335B
2025
GDP rank
159/197
2025
47/197
2025
GDP growth
6.31%
2024-2025
3.43%
2024-2025
GDP per capita
$14,615
2025
$9,684
2025
GDP per capita rank
75/197
2025
90/197
2025
GDP per capita, PPP
$26,183
2024
$17,802
2024
GDP per capita PPP rank
81/197
2024
104/197
2024
Government debt
$9.71B
2025
$101B
2025
Debt-to-GDP ratio
125.4%
2025
30.2%
2025
Government debt per person
$18,329
2025
$2,927
2025
Government debt per person rank
35/185
2025
107/185
2025
Average annual personal income after taxes
$9,733
2026
$7,143
2026
Market capitalization of domestic companies n/a
$105B
2025
Income share by richest 10%
23.3%
2019
30.3%
2024
Income share by poorest 10%
3.8%
2019
2%
2024
Government expenditure, % of GDP
36.5%
2025
21.4%
2025
Consumer prices inflation
3.5%
2024-2025
1.53%
2024-2025
Central bank interest rate n/a
4.25%
2025
Unemployment rate
4.56%
2019
4.32%
2025
Population
532468
35105331

Spending and national debt comparison by year

Maldives
Spending

Debt
Peru
Spending

Debt
1x
Year % of GDP
Maldives Peru
Government spending Government debt Government spending Government debt
2025 36.5% 125.4% 21.4% 30.2%
2024 43.9% 133.3% 22.2% 32.1%
2023 46.7% 122.4% 22.1% 32.4%
2022 42% 111.6% 23.1% 33.5%
2021 40.6% 123.4% 23.1% 35.5%
2020 50.4% 155.7% 25.7% 34.3%
2019 32.9% 77.2% 20.8% 26.5%
2018 31.9% 70.7% 21% 25.7%
2017 30.4% 63.8% 20.6% 24.8%
2016 37.3% 61.9% 20.5% 23.9%
2015 33.8% 54.8% 22% 23.7%
2014 29.1% 55.1% 22.4% 20.5%
2013 27% 55.9% 21.5% 19.9%
2012 29.8% 57.1% 20.3% 20.7%
2011 31.3% 51.9% 19.8% 23.1%
2010 33.2% 52.7% 21% 25.1%
2009 37% 48.4% 21.3% 28.2%
2008 35.6% 39% 19.9% 28.1%
2007 34.8% 35.8% 18.6% 31.9%
2006 35% 36.8% 19.2% 34.9%
2005 38.8% 43.2% 20.4% 40.4%
2004 24.1% 34.7% 19.6% 46.7%
2003 26.4% 37.6% 20.1% 49.4%
2002 29.6% 44.3% 19.6% 45.5%
2001 29.6% 41.8% 20.9% 43.8%
2000 29% 39% 21.7% 44.9%
1999 28% 38.9% 17.8% 41.1%
1998 25.9% 39.3% 16.3% 36.8%
1997 25.2% 38.1% 15.6% 34.5%
1996 27.3% 46.9% 16.5% 37.4%
1995 31.3% 52.2% 17.5% 36.8%
1994 30.7% 54.6% 16.9% 41.9%
1993 34.7% 55.7% 18.2% 49.9%
1992 36.1% 49% 19.1% 46.8%
1991 37.7% 46.7% 15.7% 48.3%
1990 33.3% 42.4% 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/maldives/peru | CC BY

In 2025, Maldives' government spending was $2.83B, accounting for 36.5% of its GDP, while Peru spent $71.7B, or 21.4% of GDP.

Debt-to-GDP ratio is 125.4% in Maldives and 30.2% in Peru, ranking 11/185 and 154/185, respectively.

Government deficit by year

Deficit/surplus
Maldives

Peru
1x
Year Deficit/surplus, % of GDP
Maldives Peru
2025 -2.94% -2.36%
2024 -11.6% -3.53%
2023 -13.2% -2.74%
2022 -11.2% -1.38%
2021 -14.2% -2.49%
2020 -23.7% -8.19%
2019 -6.54% -1.37%
2018 -5.17% -1.94%
2017 -3.02% -2.79%
2016 -9.93% -2.12%
2015 -6.52% -2.02%
2014 -2.42% -0.19%
2013 -3.49% 0.75%
2012 -6.91% 2.07%
2011 -8.13% 2.05%
2010 -13.6% -0.02%
2009 -17.9% -1.48%
2008 -9.92% 2.48%
2007 -3.16% 3.35%
2006 -4.52% 2.03%
2005 -7.81% -0.44%
2004 -2.26% -1.03%
2003 -3.45% -1.62%
2002 -3.97% -1.4%
2001 -3.97% -2.15%
2000 -3.89% -2.12%
1999 -3.03% -2.93%
1998 -2.25% -0.2%
1997 -1.46% 0.47%
1996 -2.01% -0.25%
1995 -5.66% -2.05%
1994 -4.82% -1.9%
1993 -13.9% -2.82%
1992 -12.6% -3.55%
1991 -10.2% -1.98%
1990 -12.8% -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 (1990–2025, retrieved 2026-07-08).

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

In 2025, Maldives' government deficit, the difference between spending and revenue, was $228M, equivalent to 2.94% of GDP. This compares to Peru's deficit of $7.9B, or 2.36% of GDP.

Over the past 36 years, Maldives recorded a fiscal deficit in 36 of those years, while Peru ran a deficit in 29 years. On average, Maldives posted an annual deficit equal to 7.56% of GDP, compared to deficit of 1.44% of GDP for Peru.

Inflation comparison by year

Inflation
Maldives

Peru
1x
Year Consumer prices inflation
Maldives Peru
2025 3.5% 1.53%
2024 1.4% 2.01%
2023 2.6% 6.46%
2022 2.6% 8.33%
2021 0.2% 4.27%
2020 -1.6% 2%
2019 1.3% 2.25%
2018 1.4% 1.51%
2017 2.3% 2.99%
2016 0.8% 3.56%
2015 1.4% 3.4%
2014 2.4% 3.41%
2013 4% 2.77%
2012 10.9% 3.61%
2011 11.3% 3.37%
2010 6.1% 1.53%
2009 4.5% 2.94%
2008 12% 5.79%
2007 6.8% 1.78%
2006 3.5% 2%
2005 2.5% 1.62%
2004 6.3% 3.66%
2003 -2.8% 2.26%
2002 0.9% 0.19%
2001 0.7% 1.98%
2000 -1.2% 3.76%
1999 3% 3.47%
1998 -1.4% 7.25%
1997 7.6% 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/maldives/peru | CC BY

Over the past 29 years, Maldives has recorded an average annual inflation rate of 3.21%, compared with 3.39% in Peru. In 2025, inflation was 3.5% in Maldives and 1.53% in Peru.

Top exports between countries

Maldives
Export category Export value
Peru
Export category Export value
Chemicals & pharma $205K
Raw agricultural goods $89K

Balance of trade

Maldives Peru
Current account balance
-$1.32B
2024
$12B
2025
Current account balance ranking
126/190
2024
23/190
2025
Current account balance, % of GDP
-18.7%
2024
+3.58%
2025
Goods imports
$3.46B
2024
$58.6B
2025
Goods exports
$383M
2024
$94B
2025
Service imports
$1.89B
2024
$15.9B
2025
Service exports
$5.03B
2024
$7.64B
2025
Imports of goods and services, % of GDP
78.3%
2024
21.8%
2025
Exports of goods and services, % of GDP
78.2%
2024
30%
2025

Economic freedom indices

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

Maldives Peru
Economic freedom 47.6 66.3
Economic freedom ranking 174/197 62/197
Property rights 52.2 44
Government integrity 41.9 35
Judicial effectiveness 39.3 47.8
Tax burden 89.9 79.4
Government spending 39.5 84.8
Fiscal health 0 87.4
Business freedom 49.7 73.1
Labor freedom 54.1 64.7
Monetary freedom 76.4 77.6
Trade freedom 62.8 81.6
Investment freedom 35 60
Financial freedom 30 60

Economic freedom comparison by year

Maldives
Peru
1x
Year Economic freedom index
Maldives Peru
2026 47.6 66.3
2025 48.3 65.9
2024 47.8 64.8
2023 46.6 66.5
2022 47.3 66.5
2021 55.2 67.7
2020 56.5 67.9
2019 53.2 67.8
2018 51.1 68.7
2017 50.3 68.9
2016 53.9 67.4
2015 53.4 67.7
2014 51 67.4
2013 49 68.2
2012 49.2 68.7
2011 48.3 68.6
2010 49 67.6
2009 51.3 64.6
2008 - 63.8
2007 - 62.7
2006 - 60.5
2005 - 61.3
2004 - 64.7
2003 - 64.6
2002 - 64.8
2001 - 69.6
2000 - 68.7
1999 - 69.2
1998 - 65
1997 - 63.8
1996 - 62.5
1995 - 56.9

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

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

The Economic Freedom Index for Maldives is 47.6, ranking 174/197, 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

Maldives Peru
Services, % of GDP
69.9%
2025
50.9%
2024
Industry, % of GDP
9.33%
2025
34.3%
2024
Agriculture, forestry, and fishing, % of GDP
4.59%
2025
7.47%
2024
GNI, Atlas method
$6.86B
2025
$291B
2025
GNI per capita, PPP
$25,600
2025
$17,540
2025
Total reserves including gold
$985M
2025
$90.4B
2025
Total reserves ranking
143/177
2025
32/177
2025
Net foreign direct investment
-$806M
2024
-$8.93B
2025
Net inflows of foreign direct investment
$806M
2024
$6.7B
2024
Net outflows of foreign direct investment
$0
2024
$1.14B
2024
Servicing debt to the IMF, % of GNI
8.02%
2024
5.54%
2024
Poverty at national poverty lines
15%
2020
27.6%
2024
Gross capital formation, % of GDP
30.8%
2024
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/maldives/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 (2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)
  9. Central Intelligence Agency (CIA) (2020, 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.