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Economy of Moldova vs Peru compared: GDP & Debt

Updated on by Georank team

Moldova has a GDP of $18.2B compared to $289B for Peru, ranking 134/197 and 49/197 by economy size, respectively.

Moldova has $7.06B in government debt (38.8% of GDP), compared to $93B (32.2% of GDP) in Peru.

Moldova vs Peru GDP by year

Moldova
Peru
1x
Year GDP, current $
Moldova Peru
2024 $18,200,340,854 $289,221,969,063
2023 $16,711,906,746 $266,958,720,838
2022 $14,525,337,524 $246,065,570,308
2021 $13,691,869,264 $226,328,766,460
2020 $11,530,746,234 $201,409,694,756
2019 $11,736,797,055 $228,346,006,004
2018 $11,252,353,421 $222,597,009,739
2017 $9,514,404,016 $211,007,984,081
2016 $7,980,917,076 $191,898,104,390
2015 $7,797,667,197 $189,802,976,286
2014 $9,402,090,138 $200,786,250,583
2013 $9,496,717,876 $201,175,543,571
2012 $8,709,138,635 $192,650,021,649
2011 $8,414,352,020 $171,761,737,047
2010 $6,974,982,370 $147,527,631,521
2009 $5,439,434,272 $120,822,986,521
2008 $6,054,824,248 $120,550,599,815
2007 $4,401,173,152 $102,170,981,144
2006 $3,408,255,451 $88,643,193,062
2005 $2,988,342,907 $76,060,606,061
2004 $2,598,249,556 $66,768,703,498
2003 $1,980,907,435 $58,731,030,122
2002 $1,661,818,168 $54,777,553,515
2001 $1,480,673,594 $52,030,158,775
2000 $1,288,429,392 $51,744,749,133
1999 $1,170,782,957 $50,187,324,568
1998 $1,698,717,505 $55,501,467,877
1997 $1,930,081,169 $58,147,522,523
1996 $1,695,122,174 $55,252,414,130
1995 $1,752,999,370 $53,312,793,687
1994 $1,702,314,268 $44,882,079,767
1993 $2,371,813,324 $34,832,077,221
1992 $2,319,243,436 $35,966,302,303
1991 $3,094,565,871 $34,341,465,998
1990 $3,592,857,043 $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/moldova/peru | CC BY

GDP per capita in Moldova vs Peru by year

Moldova
GDP per capita

GDP per capita, PPP
Peru
GDP per capita

GDP per capita, PPP
1x
Year Current $
Moldova Peru
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $7,576 $18,615 $8,452 $17,802
2023 $6,800 $17,747 $7,888 $17,011
2022 $5,744 $16,453 $7,351 $16,669
2021 $5,275 $15,682 $6,826 $15,281
2020 $4,376 $13,527 $6,133 $12,563
2019 $4,405 $13,413 $7,037 $13,564
2018 $4,156 $11,868 $6,978 $13,078
2017 $3,453 $11,252 $6,736 $12,592
2016 $2,847 $10,326 $6,217 $12,067
2015 $2,750 $9,198 $6,232 $11,600
2014 $3,290 $8,643 $6,667 $11,518
2013 $3,321 $8,233 $6,747 $11,291
2012 $3,045 $7,255 $6,519 $10,757
2011 $2,941 $6,833 $5,861 $10,463
2010 $2,437 $6,323 $5,072 $9,713
2009 $1,898 $5,827 $4,181 $8,917
2008 $2,111 $6,153 $4,198 $8,820
2007 $1,531 $5,590 $3,581 $7,982
2006 $1,183 $5,271 $3,130 $7,214
2005 $1,034 $4,866 $2,707 $6,560
2004 $897 $4,378 $2,397 $6,038
2003 $682 $3,960 $2,129 $5,657
2002 $571 $3,633 $2,007 $5,383
2001 $507 $3,311 $1,930 $5,086
2000 $441 $3,045 $1,945 $5,012
1999 $399 $2,910 $1,917 $4,847
1998 $579 $2,965 $2,156 $4,791
1997 $657 $3,136 $2,301 $4,844
1996 $575 $3,021 $2,227 $4,556
1995 $594 $3,146 $2,190 $4,435
1994 $574 $3,111 $1,879 $4,123
1993 $797 $4,394 $1,488 $3,666
1992 $778 $4,337 $1,567 $3,472
1991 $1,038 $5,980 $1,527 $3,484
1990 $1,207 $6,895 $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/moldova/peru | CC BY

Moldova's GDP per capita is $7,576, ranking 99/197, compared to $8,452 in Peru, ranking 91/197. Adjusted for purchasing power (GDP per capita PPP), Moldova ranks 100th at $18,615, while Peru ranks 104th at $17,802.

Economic indicators

Moldova Peru
Gross domestic product
$18.2B
2024
$289B
2024
GDP rank
134/197
2024
49/197
2024
GDP growth
0.1%
2023-2024
3.3%
2023-2024
GDP per capita
$7,576
2024
$8,452
2024
GDP per capita rank
99/197
2024
91/197
2024
GDP per capita, PPP
$18,615
2024
$17,802
2024
GDP per capita PPP rank
100/197
2024
104/197
2024
Government debt
$7.06B
2024
$93B
2024
Debt-to-GDP ratio
38.8%
2024
32.2%
2024
Government debt per person
$2,938
2024
$2,717
2024
Government debt per person rank
102/185
2024
108/185
2024
Average annual personal income after taxes
$4,291
2026
$7,290
2026
Market capitalization of domestic companies n/a
$82.2B
2024
Income share by richest 10%
22.8%
2023
30.3%
2024
Income share by poorest 10%
4.3%
2023
2%
2024
Government expenditure, % of GDP
38%
2024
22.3%
2024
Consumer prices inflation
4.68%
2023-2024
2.01%
2023-2024
Central bank interest rate
6%
2025
4.25%
2025
Unemployment rate
1.43%
2024
4.86%
2024
Population
2341166
35031596

Spending and national debt comparison by year

Moldova
Spending

Debt
Peru
Spending

Debt
1x
Year % of GDP
Moldova Peru
Government spending Government debt Government spending Government debt
2024 38% 38.8% 22.3% 32.2%
2023 38.8% 34.9% 22.1% 32.4%
2022 36.6% 35% 23.1% 33.5%
2021 34.6% 33.6% 23.1% 35.5%
2020 36.7% 36.6% 25.6% 34.3%
2019 32% 28.8% 20.8% 26.5%
2018 31.5% 31.8% 21% 25.7%
2017 31% 34.9% 20.6% 24.8%
2016 30.5% 39.7% 20.5% 23.9%
2015 31.7% 42.1% 22% 23.7%
2014 33.8% 35.4% 22.4% 20.5%
2013 32.4% 30% 21.5% 19.9%
2012 33.7% 31.3% 20.3% 20.7%
2011 32.6% 24.2% 19.8% 23.1%
2010 34.1% 25.5% 21% 25.1%
2009 45.3% 32.6% 21.3% 28.2%
2008 41.5% 22.2% 19.9% 28.1%
2007 42.7% 28.3% 18.6% 31.9%
2006 40.3% 35% 19.2% 34.9%
2005 37.1% 40.4% 20.4% 40.4%
2004 34.8% 49.3% 19.6% 46.7%
2003 33.5% 68.1% 20.1% 49.4%
2002 30.7% 80.3% 19.6% 45.5%
2001 29.5% 85.4% 20.9% 43.8%
2000 34% 89.1% 21.7% 44.9%
1999 33% 150.7% 17.8% 41.1%
1998 39.1% 159.4% 16.3% 36.8%
1997 46% 89% 15.6% 34.5%
1996 43.3% 87.5% 16.5% 37.4%
1995 42% 79.5% 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/moldova/peru | CC BY

In 2024, Moldova's government spending was $6.91B, accounting for 38% of its GDP, while Peru spent $64.4B, or 22.3% of GDP.

Debt-to-GDP ratio is 38.8% in Moldova and 32.2% in Peru, ranking 137/185 and 154/185, respectively.

Government deficit by year

Deficit/surplus
Moldova

Peru
1x
Year Deficit/surplus, % of GDP
Moldova Peru
2024 -3.88% -3.54%
2023 -5.13% -2.78%
2022 -3.24% -1.38%
2021 -2.62% -2.49%
2020 -5.32% -8.16%
2019 -1.47% -1.37%
2018 -0.85% -1.94%
2017 -0.65% -2.79%
2016 -1.56% -2.12%
2015 -1.93% -2.02%
2014 -1.6% -0.19%
2013 -1.57% 0.75%
2012 -1.93% 2.07%
2011 -2.05% 2.05%
2010 -2.18% -0.02%
2009 -6.38% -1.48%
2008 -0.87% 2.48%
2007 0.15% 3.35%
2006 -0.42% 2.03%
2005 1.44% -0.44%
2004 0.59% -1.03%
2003 0.47% -1.62%
2002 -1.18% -1.4%
2001 -0.34% -2.15%
2000 -3.55% -2.12%
1999 -2.64% -2.93%
1998 -1.52% -0.2%
1997 -7.47% 0.47%
1996 -7.42% -0.25%
1995 -2.58% -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/moldova/peru | CC BY

In 2024, Moldova's government deficit, the difference between spending and revenue, was $707M, equivalent to 3.88% of GDP. This compares to Peru's deficit of $10.2B, or 3.54% of GDP.

Over the past 30 years, Moldova recorded a fiscal deficit in 26 of those years, while Peru ran a deficit in 23 years. On average, Moldova posted an annual deficit equal to 2.26% of GDP, compared to deficit of 1.04% of GDP for Peru.

Inflation comparison by year

Inflation
Moldova

Peru
1x
Year Consumer prices inflation
Moldova Peru
2024 4.68% 2.01%
2023 13.4% 6.46%
2022 28.7% 8.33%
2021 5.11% 4.27%
2020 3.77% 2%
2019 4.84% 2.25%
2018 3.05% 1.51%
2017 6.57% 2.99%
2016 6.36% 3.56%
2015 9.68% 3.4%
2014 5.09% 3.41%
2013 4.6% 2.77%
2012 4.55% 3.61%
2011 7.69% 3.37%
2010 7.48% 1.53%
2009 -0.06% 2.94%
2008 12.8% 5.79%
2007 12.4% 1.78%
2006 12.8% 2%
2005 12% 1.62%
2004 12.5% 3.66%
2003 11.7% 2.26%
2002 5.3% 0.19%
2001 9.76% 1.98%
2000 31.3% 3.76%
1999 39.3% 3.47%
1998 7.7% 7.25%
1997 11.8% 8.56%

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

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

Over the past 28 years, Moldova has recorded an average annual inflation rate of 10.5%, compared with 3.45% in Peru. In 2024, inflation was 4.68% in Moldova and 2.01% in Peru.

Top exports between countries

Moldova
Export category Export value
Machinery & equipment $605K
Processed food, beverages & tobacco $83K
Textiles & consumer goods $1K
Peru
Export category Export value
Raw agricultural goods $33K

Balance of trade

Moldova Peru
Current account balance
-$3.01B
2024
$6.39B
2024
Current account balance ranking
156/190
2024
29/190
2024
Current account balance, % of GDP
-16.6%
2024
+2.21%
2024
Goods imports
$8.63B
2024
$52.1B
2024
Goods exports
$3.01B
2024
$76.2B
2024
Service imports
$1.8B
2024
$15.1B
2024
Service exports
$2.73B
2024
$7.15B
2024
Imports of goods and services, % of GDP
57.3%
2024
22.9%
2024
Exports of goods and services, % of GDP
31.4%
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.

Moldova Peru
Economic freedom 58.1 66.3
Economic freedom ranking 112/197 62/197
Property rights 40.4 44
Government integrity 45.1 35
Judicial effectiveness 32.4 47.8
Tax burden 87.9 79.4
Government spending 57.2 84.8
Fiscal health 70.3 87.4
Business freedom 68.3 73.1
Labor freedom 48.1 64.7
Monetary freedom 66 77.6
Trade freedom 76.8 81.6
Investment freedom 55 60
Financial freedom 50 60

Economic freedom comparison by year

Moldova
Peru
1x
Year Economic freedom index
Moldova Peru
2026 58.1 66.3
2025 58.3 65.9
2024 57.1 64.8
2023 58.5 66.5
2022 61.3 66.5
2021 62.5 67.7
2020 62 67.9
2019 59.1 67.8
2018 58.4 68.7
2017 58 68.9
2016 57.4 67.4
2015 57.5 67.7
2014 57.3 67.4
2013 55.5 68.2
2012 54.4 68.7
2011 55.7 68.6
2010 53.7 67.6
2009 54.9 64.6
2008 57.9 63.8
2007 58.7 62.7
2006 58 60.5
2005 57.4 61.3
2004 57.1 64.7
2003 60 64.6
2002 57.4 64.8
2001 54.9 69.6
2000 59.6 68.7
1999 56.1 69.2
1998 53.5 65
1997 48.9 63.8
1996 52.5 62.5
1995 33 56.9

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

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

The Economic Freedom Index for Moldova is 58.1, ranking 112/197, 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

Moldova Peru
Services, % of GDP
62.3%
2024
51.3%
2024
Industry, % of GDP
16.8%
2024
34%
2024
Agriculture, forestry, and fishing, % of GDP
7.11%
2024
7.34%
2024
GNI, Atlas method
$16.5B
2024
$257B
2024
GNI per capita, PPP
$18,710
2024
$16,780
2024
Total reserves including gold
$5.48B
2024
$79.2B
2024
Total reserves ranking
96/177
2024
33/177
2024
Net foreign direct investment
-$360M
2024
-$5.63B
2024
Net inflows of foreign direct investment
$458M
2024
$6.8B
2024
Net outflows of foreign direct investment
$98.4M
2024
$1.17B
2024
Servicing debt to the IMF, % of GNI
6.22%
2024
5.58%
2024
Poverty at national poverty lines
31.6%
2023
27.6%
2024
Gross capital formation, % of GDP
21.1%
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/moldova/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 (2023–2024, 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.