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Economy of Malta vs Peru compared: GDP & Debt

Updated on by Georank

Malta has a GDP of $27.8B compared to $335B for Peru, ranking 118/197 and 47/197 by economy size, respectively.

Malta has $13B in government debt (46.8% of GDP), compared to $101B (30.2% of GDP) in Peru.

Malta vs Peru GDP by year

Malta
Peru
1x
Year GDP, current $
Malta Peru
2025 $27,771,821,561 $334,854,659,182
2024 $25,042,712,191 $291,751,523,019
2023 $22,625,329,776 $268,025,009,709
2022 $18,938,869,147 $246,169,867,863
2021 $19,730,119,031 $226,406,075,009
2020 $16,404,655,808 $201,409,694,756
2019 $16,337,788,881 $228,346,006,004
2018 $16,153,785,817 $222,597,009,739
2017 $14,161,374,599 $211,007,984,081
2016 $12,025,777,078 $191,898,104,390
2015 $11,340,789,706 $189,802,976,286
2014 $11,888,029,752 $200,786,250,583
2013 $10,796,780,874 $201,175,543,571
2012 $9,609,530,619 $192,650,021,649
2011 $9,789,363,086 $171,761,737,047
2010 $9,097,044,301 $147,527,631,521
2009 $8,769,897,418 $120,822,986,521
2008 $9,172,399,573 $120,550,599,815
2007 $7,908,412,374 $102,170,981,144
2006 $6,749,838,862 $88,643,193,062
2005 $6,393,234,965 $76,060,606,061
2004 $6,104,141,501 $66,768,703,498
2003 $5,418,315,225 $58,731,030,122
2002 $4,455,127,398 $54,777,553,515
2001 $4,070,867,153 $52,030,158,775
2000 $4,036,809,767 $51,744,749,133
1999 $4,111,857,836 $50,187,324,568
1998 $4,010,111,652 $55,501,467,877
1997 $3,787,023,655 $58,147,522,523
1996 $3,822,547,151 $55,252,414,130
1995 $3,709,396,089 $53,312,793,687
1994 $2,998,505,428 $44,882,079,767
1993 $2,709,193,538 $34,832,077,221
1992 $3,021,942,759 $35,966,302,303
1991 $2,750,216,747 $34,341,465,998
1990 $2,547,328,748 $26,410,386,963
1989 $2,118,655,677 $22,499,558,526
1988 $2,019,503,068 $15,439,408,447
1987 $1,751,293,461 $36,889,706,593
1986 $1,435,038,441 $21,859,448,586
1985 $1,117,797,439 $15,078,736,875
1984 $1,101,807,023 $17,600,400,385
1983 $1,165,729,707 $17,345,260,564
1982 $1,234,474,404 $21,794,535,621
1981 $1,243,509,394 $21,648,214,893
1980 $1,250,198,601 $18,136,838,538
1979 $1,001,288,847 $15,954,012,439
1978 $793,673,402 $12,491,876,743
1977 $625,563,171 $14,544,913,961
1976 $527,936,989 $16,131,958,851
1975 $474,618,321 $16,931,162,355
1974 $376,081,124 $13,858,441,211
1973 $345,616,106 $10,994,381,895
1972 $295,106,628 $9,189,413,409
1971 $264,578,485 $8,289,582,884
1970 $250,728,796 $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/malta/peru | CC BY

GDP per capita in Malta vs Peru by year

Malta
GDP per capita

GDP per capita, PPP
Peru
GDP per capita

GDP per capita, PPP
1x
Year Current $
Malta Peru
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $47,907 - $9,684 -
2024 $44,024 $69,864 $8,526 $17,802
2023 $40,933 $67,057 $7,919 $17,011
2022 $35,659 $60,589 $7,354 $16,669
2021 $38,078 $56,852 $6,829 $15,281
2020 $31,823 $49,972 $6,133 $12,563
2019 $32,422 $51,393 $7,037 $13,564
2018 $33,382 $48,178 $6,978 $13,078
2017 $30,317 $45,764 $6,736 $12,592
2016 $26,459 $41,000 $6,217 $12,067
2015 $25,530 $38,369 $6,232 $11,600
2014 $27,425 $35,206 $6,667 $11,518
2013 $25,416 $33,138 $6,747 $11,291
2012 $22,878 $30,716 $6,519 $10,757
2011 $23,517 $29,426 $5,861 $10,463
2010 $21,947 $28,909 $5,072 $9,713
2009 $21,262 $26,782 $4,181 $8,917
2008 $22,406 $26,654 $4,198 $8,820
2007 $19,444 $25,012 $3,581 $7,982
2006 $16,654 $23,219 $3,130 $7,214
2005 $15,831 $22,227 $2,707 $6,560
2004 $15,212 $21,566 $2,397 $6,038
2003 $13,594 $20,813 $2,129 $5,657
2002 $11,251 $19,532 $2,007 $5,383
2001 $10,358 $18,435 $1,930 $5,086
2000 $10,348 $18,214 $1,945 $5,012
1999 $10,609 $16,898 $1,917 $4,847
1998 $10,408 $16,219 $2,156 $4,791
1997 $9,893 $15,465 $2,301 $4,844
1996 $10,062 $14,661 $2,227 $4,556
1995 $9,828 $13,950 $2,190 $4,435
1994 $8,000 $12,938 $1,879 $4,123
1993 $7,296 $12,103 $1,488 $3,666
1992 $8,220 $11,429 $1,567 $3,472
1991 $7,559 $10,784 $1,527 $3,484
1990 $7,192 $10,086 $1,200 $3,367
1989 $6,041 - $1,045 -
1988 $5,814 - $733 -
1987 $5,084 - $1,792 -
1986 $4,195 - $1,087 -
1985 $3,322 - $767 -
1984 $3,333 - $918 -
1983 $3,527 - $927 -
1982 $3,788 - $1,194 -
1981 $3,898 - $1,216 -
1980 $3,948 - $1,045 -
1979 $3,196 - $942 -
1978 $2,559 - $756 -
1977 $2,038 - $903 -
1976 $1,727 - $1,026 -
1975 $1,560 - $1,104 -
1974 $1,245 - $927 -
1973 $1,144 - $754 -
1972 $976 - $647 -
1971 $874 - $599 -
1970 $828 - $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/malta/peru | CC BY

Malta's GDP per capita is $47,907, ranking 28/197, compared to $9,684 in Peru, ranking 90/197. Adjusted for purchasing power (GDP per capita PPP), Malta ranks 25th at $69,864, while Peru ranks 104th at $17,802.

Economic indicators

Malta Peru
Gross domestic product
$27.8B
2025
$335B
2025
GDP rank
118/197
2025
47/197
2025
GDP growth
3.96%
2024-2025
3.43%
2024-2025
GDP per capita
$47,907
2025
$9,684
2025
GDP per capita rank
28/197
2025
90/197
2025
GDP per capita, PPP
$69,864
2024
$17,802
2024
GDP per capita PPP rank
25/197
2024
104/197
2024
Government debt
$13B
2025
$101B
2025
Debt-to-GDP ratio
46.8%
2025
30.2%
2025
Government debt per person
$22,407
2025
$2,927
2025
Government debt per person rank
30/185
2025
107/185
2025
Average annual personal income after taxes
$22,914
2026
$7,143
2026
Market capitalization of domestic companies
$5.35B
2025
$105B
2025
Income share by richest 10%
24.7%
2023
30.3%
2024
Income share by poorest 10%
2.8%
2023
2%
2024
Government expenditure, % of GDP
37%
2025
21.4%
2025
Consumer prices inflation
2.36%
2024-2025
1.53%
2024-2025
Central bank interest rate n/a
4.25%
2025
Unemployment rate
3.1%
2025
4.32%
2025
Population
586345
35105331

Spending and national debt comparison by year

Malta
Spending

Debt
Peru
Spending

Debt
1x
Year % of GDP
Malta Peru
Government spending Government debt Government spending Government debt
2025 37% 46.8% 21.4% 30.2%
2024 37.4% 46% 22.2% 32.1%
2023 35.8% 46.8% 22.1% 32.4%
2022 38.4% 50.1% 23.1% 33.5%
2021 39.5% 49.6% 23.1% 35.5%
2020 42.1% 48.6% 25.7% 34.3%
2019 34.9% 39.2% 20.8% 26.5%
2018 34.5% 41.4% 21% 25.7%
2017 32.7% 45.6% 20.6% 24.8%
2016 35.5% 53.1% 20.5% 23.9%
2015 37.8% 55% 22% 23.7%
2014 39.6% 60.7% 22.4% 20.5%
2013 40.1% 64.9% 21.5% 19.9%
2012 41.7% 65.6% 20.3% 20.7%
2011 41.5% 68.9% 19.8% 23.1%
2010 40.1% 65% 21% 25.1%
2009 41.1% 66% 21.3% 28.2%
2008 42.1% 61.5% 19.9% 28.1%
2007 41.2% 62% 18.6% 31.9%
2006 42.5% 64.5% 19.2% 34.9%
2005 42.5% 70.2% 20.4% 40.4%
2004 42% 70.4% 19.6% 46.7%
2003 45.6% 68.6% 20.1% 49.4%
2002 43.6% 65.1% 19.6% 45.5%
2001 44.4% 70% 20.9% 43.8%
2000 42.9% 64.4% 21.7% 44.9%
1999 - 69.8% 17.8% 41.1%
1998 - 66.4% 16.3% 36.8%
1997 - 60.8% 15.6% 34.5%
1996 - 51.5% 16.5% 37.4%
1995 - 45.3% 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 (1995–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08).

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

In 2025, Malta's government spending was $10.3B, accounting for 37% of its GDP, while Peru spent $71.7B, or 21.4% of GDP.

Debt-to-GDP ratio is 46.8% in Malta and 30.2% in Peru, ranking 113/185 and 154/185, respectively.

Government deficit by year

Deficit/surplus
Malta

Peru
1x
Year Deficit/surplus, % of GDP
Malta Peru
2025 -3.1% -2.36%
2024 -3.51% -3.53%
2023 -4.43% -2.74%
2022 -5.33% -1.38%
2021 -6.96% -2.49%
2020 -8.71% -8.19%
2019 0.72% -1.37%
2018 1.86% -1.94%
2017 3.4% -2.79%
2016 1.1% -2.12%
2015 -0.84% -2.02%
2014 -1.49% -0.19%
2013 -2.19% 0.75%
2012 -3.31% 2.07%
2011 -2.99% 2.05%
2010 -2.22% -0.02%
2009 -3.11% -1.48%
2008 -4.06% 2.48%
2007 -2.05% 3.35%
2006 -2.46% 2.03%
2005 -2.83% -0.44%
2004 -4.28% -1.03%
2003 -9.04% -1.62%
2002 -5.62% -1.4%
2001 -6.5% -2.15%
2000 -5.83% -2.12%
1999 - -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 (2000–2025, retrieved 2026-07-08).

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

In 2025, Malta's government deficit, the difference between spending and revenue, was $861M, equivalent to 3.1% of GDP. This compares to Peru's deficit of $7.9B, or 2.36% of GDP.

Over the past 26 years, Malta recorded a fiscal deficit in 22 of those years, while Peru ran a deficit in 20 years. On average, Malta posted an annual deficit equal to 3.22% of GDP, compared to deficit of 1.1% of GDP for Peru.

Inflation comparison by year

Inflation
Malta

Peru
1x
Year Consumer prices inflation
Malta Peru
2025 2.36% 1.53%
2024 1.65% 2.01%
2023 5.09% 6.46%
2022 6.15% 8.33%
2021 1.5% 4.27%
2020 0.64% 2%
2019 1.64% 2.25%
2018 1.16% 1.51%
2017 1.36% 2.99%
2016 0.64% 3.56%
2015 1.1% 3.4%
2014 0.31% 3.41%
2013 1.18% 2.77%
2012 2.38% 3.61%
2011 2.96% 3.37%
2010 1.52% 1.53%
2009 2.08% 2.94%
2008 4.26% 5.79%
2007 1.25% 1.78%
2006 2.77% 2%
2005 3.01% 1.62%
2004 2.79% 3.66%
2003 1.3% 2.26%
2002 2.19% 0.19%
2001 2.93% 1.98%
2000 2.37% 3.76%
1999 2.13% 3.47%
1998 2.39% 7.25%
1997 3.11% 8.56%

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

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

Over the past 29 years, Malta has recorded an average annual inflation rate of 2.22%, compared with 3.39% in Peru. In 2025, inflation was 2.36% in Malta and 1.53% in Peru.

Top exports between countries

Malta
Export category Export value
Chemicals & pharma $61K
Raw agricultural goods $18K
Textiles & consumer goods $17K
Machinery & equipment $14K
Peru
Export category Export value
Raw materials & minerals $465K
Raw agricultural goods $192K
Processed food, beverages & tobacco $77K
Textiles & consumer goods $21K
Chemicals & pharma $9K

Balance of trade

Malta Peru
Current account balance
$1.78B
2024
$12B
2025
Current account balance ranking
45/190
2024
23/190
2025
Current account balance, % of GDP
+7.1%
2024
+3.58%
2025
Goods imports
$7.56B
2024
$58.6B
2025
Goods exports
$4.58B
2024
$94B
2025
Service imports
$17.4B
2024
$15.9B
2025
Service exports
$25B
2024
$7.64B
2025
Imports of goods and services, % of GDP
99.9%
2025
21.8%
2025
Exports of goods and services, % of GDP
119.1%
2025
30%
2025

Economic freedom indices

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

Malta Peru
Economic freedom 68.2 66.3
Economic freedom ranking 49/197 62/197
Property rights 85.5 44
Government integrity 54.3 35
Judicial effectiveness 80.2 47.8
Tax burden 68.5 79.4
Government spending 58.4 84.8
Fiscal health 63.2 87.4
Business freedom 83.2 73.1
Labor freedom 62.6 64.7
Monetary freedom 73.1 77.6
Trade freedom 79.4 81.6
Investment freedom 60 60
Financial freedom 50 60

Economic freedom comparison by year

Malta
Peru
1x
Year Economic freedom index
Malta Peru
2026 68.2 66.3
2025 66.8 65.9
2024 64.5 64.8
2023 67.5 66.5
2022 71.5 66.5
2021 70.2 67.7
2020 69.5 67.9
2019 68.6 67.8
2018 68.5 68.7
2017 67.7 68.9
2016 66.7 67.4
2015 66.5 67.7
2014 66.4 67.4
2013 67.5 68.2
2012 67 68.7
2011 65.7 68.6
2010 67.2 67.6
2009 66.1 64.6
2008 66 63.8
2007 66.1 62.7
2006 67.3 60.5
2005 68.9 61.3
2004 63.3 64.7
2003 61.1 64.6
2002 62.2 64.8
2001 62.9 69.6
2000 58.3 68.7
1999 59.3 69.2
1998 61.2 65
1997 57.9 63.8
1996 55.8 62.5
1995 56.3 56.9

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

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

The Economic Freedom Index for Malta is 68.2, ranking 49/197, 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

Malta Peru
Services, % of GDP
81.3%
2025
50.9%
2024
Industry, % of GDP
10.1%
2025
34.3%
2024
Agriculture, forestry, and fishing, % of GDP
0.47%
2025
7.47%
2024
GNI, Atlas method
$24B
2025
$291B
2025
GNI per capita, PPP
$64,900
2025
$17,540
2025
Total reserves including gold
$1.54B
2025
$90.4B
2025
Total reserves ranking
134/177
2025
32/177
2025
Net foreign direct investment
-$6.13B
2024
-$8.93B
2025
Net inflows of foreign direct investment
$42.6B
2024
$6.7B
2024
Net outflows of foreign direct investment
$36.5B
2024
$1.14B
2024
Servicing debt to the IMF, % of GNI n/a
5.54%
2024
Poverty at national poverty lines
16.7%
2021
27.6%
2024
Gross capital formation, % of GDP
18.7%
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/malta/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 (1995–2025, 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 (2020–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, 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.