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Economy of Nepal vs Peru compared: GDP & Debt

Updated on by Georank team

Nepal has a GDP of $42.9B compared to $289B for Peru, ranking 101/197 and 49/197 by economy size, respectively.

Nepal has $20.7B in government debt (48.3% of GDP), compared to $93B (32.2% of GDP) in Peru.

Nepal vs Peru GDP by year

Nepal
Peru
1x
Year GDP, current $
Nepal Peru
2024 $42,914,268,287 $289,221,969,063
2023 $41,047,772,331 $266,958,720,838
2022 $41,182,939,601 $246,065,570,308
2021 $36,924,841,394 $226,328,766,460
2020 $33,433,659,301 $201,409,694,756
2019 $34,186,180,699 $228,346,006,004
2018 $33,111,525,237 $222,597,009,739
2017 $28,971,588,940 $211,007,984,081
2016 $24,524,109,484 $191,898,104,390
2015 $24,360,801,287 $189,802,976,286
2014 $22,731,612,922 $200,786,250,583
2013 $22,162,204,925 $201,175,543,571
2012 $21,703,100,877 $192,650,021,649
2011 $21,573,872,421 $171,761,737,047
2010 $16,002,656,434 $147,527,631,521
2009 $12,854,985,464 $120,822,986,521
2008 $12,545,438,605 $120,550,599,815
2007 $10,325,618,017 $102,170,981,144
2006 $9,043,715,356 $88,643,193,062
2005 $8,130,258,378 $76,060,606,061
2004 $7,273,938,315 $66,768,703,498
2003 $6,330,473,097 $58,731,030,122
2002 $6,050,875,807 $54,777,553,515
2001 $6,007,055,042 $52,030,158,775
2000 $5,494,252,208 $51,744,749,133
1999 $5,033,642,384 $50,187,324,568
1998 $4,856,255,044 $55,501,467,877
1997 $4,918,691,917 $58,147,522,523
1996 $4,521,580,381 $55,252,414,130
1995 $4,401,104,418 $53,312,793,687
1994 $4,066,775,510 $44,882,079,767
1993 $3,660,041,667 $34,832,077,221
1992 $3,401,211,581 $35,966,302,303
1991 $3,921,476,085 $34,341,465,998
1990 $3,627,560,239 $26,410,386,963
1989 $3,525,225,787 $22,499,558,526
1988 $3,487,009,748 $15,439,408,447
1987 $2,957,255,380 $36,889,706,593
1986 $2,850,782,044 $21,859,448,586
1985 $2,619,913,956 $15,078,736,875
1984 $2,581,207,388 $17,600,400,385
1983 $2,447,174,803 $17,345,260,564
1982 $2,395,423,742 $21,794,535,621
1981 $2,275,583,317 $21,648,214,893
1980 $1,945,916,583 $18,136,838,538
1979 $1,851,250,008 $15,954,012,439
1978 $1,604,162,497 $12,491,876,743
1977 $1,382,400,000 $14,544,913,961
1976 $1,452,788,985 $16,131,958,851
1975 $1,575,789,254 $16,931,162,355
1974 $1,217,953,547 $13,858,441,211
1973 $972,101,725 $10,994,381,895
1972 $1,024,098,400 $9,189,413,409
1971 $882,765,472 $8,289,582,884
1970 $865,975,309 $7,432,223,177
1969 $788,641,965 $6,420,909,790
1968 $772,231,387 $5,736,083,835
1967 $841,974,025 $6,194,340,080
1966 $906,811,944 $6,109,048,737
1965 $735,267,082 $5,163,008,077
1964 $496,098,775 $4,353,664,867
1963 $496,947,904 $3,598,272,493
1962 $574,091,101 $3,284,322,201
1961 $531,959,562 $2,897,852,693
1960 $508,334,414 $2,571,986,572

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Nepal vs Peru by year

Nepal
GDP per capita

GDP per capita, PPP
Peru
GDP per capita

GDP per capita, PPP
1x
Year Current $
Nepal Peru
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $1,447 $5,737 $8,452 $17,802
2023 $1,382 $5,395 $7,888 $17,011
2022 $1,386 $5,103 $7,351 $16,669
2021 $1,253 $4,546 $6,826 $15,281
2020 $1,154 $4,236 $6,133 $12,563
2019 $1,203 $4,261 $7,037 $13,564
2018 $1,179 $3,956 $6,978 $13,078
2017 $1,034 $3,605 $6,736 $12,592
2016 $877 $2,976 $6,217 $12,067
2015 $876 $2,957 $6,232 $11,600
2014 $821 $2,901 $6,667 $11,518
2013 $803 $2,658 $6,747 $11,291
2012 $788 $2,466 $6,519 $10,757
2011 $786 $2,248 $5,861 $10,463
2010 $585 $2,139 $5,072 $9,713
2009 $473 $2,029 $4,181 $8,917
2008 $465 $1,942 $4,198 $8,820
2007 $385 $1,809 $3,581 $7,982
2006 $340 $1,718 $3,130 $7,214
2005 $309 $1,628 $2,707 $6,560
2004 $279.6 $1,542 $2,397 $6,038
2003 $246.4 $1,453 $2,129 $5,657
2002 $238.9 $1,390 $2,007 $5,383
2001 $240.8 $1,388 $1,930 $5,086
2000 $223.8 $1,317 $1,945 $5,012
1999 $208.6 $1,234 $1,917 $4,847
1998 $205.1 $1,187 $2,156 $4,791
1997 $211.8 $1,162 $2,301 $4,844
1996 $198.8 $1,110 $2,227 $4,556
1995 $197.8 $1,058 $2,190 $4,435
1994 $187.3 $1,026 $1,879 $4,123
1993 $172.8 $952 $1,488 $3,666
1992 $165 $920 $1,567 $3,472
1991 $195.7 $889 $1,527 $3,484
1990 $185.8 $830 $1,200 $3,367
1989 $185 - $1,045 -
1988 $187.1 - $733 -
1987 $162 - $1,792 -
1986 $159.5 - $1,087 -
1985 $149.9 - $767 -
1984 $151.1 - $918 -
1983 $146.6 - $927 -
1982 $147 - $1,194 -
1981 $142.9 - $1,216 -
1980 $125.1 - $1,045 -
1979 $121.9 - $942 -
1978 $108.1 - $756 -
1977 $95.3 - $903 -
1976 $102.5 - $1,026 -
1975 $113.6 - $1,104 -
1974 $89.8 - $927 -
1973 $73.2 - $754 -
1972 $78.8 - $647 -
1971 $69.5 - $599 -
1970 $69.6 - $550 -
1969 $64.8 - $488 -
1968 $64.9 - $448 -
1967 $72.3 - $498 -
1966 $79.5 - $505 -
1965 $65.8 - $439 -
1964 $45.3 - $381 -
1963 $46.3 - $324 -
1962 $54.6 - $305 -
1961 $51.6 - $276.6 -
1960 $50.2 - $252.8 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Nepal's GDP per capita is $1,447, ranking 164/197, compared to $8,452 in Peru, ranking 91/197. Adjusted for purchasing power (GDP per capita PPP), Nepal ranks 155th at $5,737, while Peru ranks 104th at $17,802.

Economic indicators

Nepal Peru
Gross domestic product
$42.9B
2024
$289B
2024
GDP rank
101/197
2024
49/197
2024
GDP growth
3.67%
2023-2024
3.3%
2023-2024
GDP per capita
$1,447
2024
$8,452
2024
GDP per capita rank
164/197
2024
91/197
2024
GDP per capita, PPP
$5,737
2024
$17,802
2024
GDP per capita PPP rank
155/197
2024
104/197
2024
Government debt
$20.7B
2024
$93B
2024
Debt-to-GDP ratio
48.3%
2024
32.2%
2024
Government debt per person
$700
2024
$2,717
2024
Government debt per person rank
154/185
2024
108/185
2024
Average annual personal income after taxes
$2,170
2026
$7,290
2026
Market capitalization of domestic companies n/a
$82.2B
2024
Number of billionaires
2
2025
n/a
Income share by richest 10%
24.2%
2022
30.3%
2024
Income share by poorest 10%
3.7%
2022
2%
2024
Government expenditure, % of GDP
22.1%
2024
22.3%
2024
Consumer prices inflation
4.69%
2023-2024
2.01%
2023-2024
Central bank interest rate n/a
4.25%
2025
Unemployment rate
10.7%
2017
4.86%
2024
Population
29596762
35031596

Spending and national debt comparison by year

Nepal
Spending

Debt
Peru
Spending

Debt
1x
Year % of GDP
Nepal Peru
Government spending Government debt Government spending Government debt
2024 22.1% 48.3% 22.3% 32.2%
2023 25.1% 47% 22.1% 32.4%
2022 26.1% 42.7% 23.1% 33.5%
2021 27.2% 43.3% 23.1% 35.5%
2020 28.5% 43.3% 25.6% 34.3%
2019 27.1% 34% 20.8% 26.5%
2018 28% 31.1% 21% 25.7%
2017 23.6% 25% 20.6% 24.8%
2016 19% 25% 20.5% 23.9%
2015 17.7% 25.7% 22% 23.7%
2014 16.6% 27.6% 22.4% 20.5%
2013 15.5% 31.9% 21.5% 19.9%
2012 16.8% 34.5% 20.3% 20.7%
2011 16.3% 32.4% 19.8% 23.1%
2010 16.5% 35.4% 21% 25.1%
2009 17% 39.5% 21.3% 28.2%
2008 13.4% 36.8% 19.9% 28.1%
2007 13.1% 37.9% 18.6% 31.9%
2006 11.2% 42.9% 19.2% 34.9%
2005 12% 45.1% 20.4% 40.4%
2004 11.8% 51.3% 19.6% 46.7%
2003 12% 53% 20.1% 49.4%
2002 13% 51.8% 19.6% 45.5%
2001 12.9% 50.8% 20.9% 43.8%
2000 11.4% 50.8% 21.7% 44.9%
1999 - - 17.8% 41.1%
1998 - - 16.3% 36.8%
1997 - - 15.6% 34.5%
1996 - - 16.5% 37.4%
1995 - - 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 (2000–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

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

In 2024, Nepal's government spending was $9.5B, accounting for 22.1% of its GDP, while Peru spent $64.4B, or 22.3% of GDP.

Debt-to-GDP ratio is 48.3% in Nepal and 32.2% in Peru, ranking 112/185 and 154/185, respectively.

Government deficit by year

Deficit/surplus
Nepal

Peru
1x
Year Deficit/surplus, % of GDP
Nepal Peru
2024 -2.76% -3.54%
2023 -5.81% -2.78%
2022 -3.12% -1.38%
2021 -3.98% -2.49%
2020 -7.47% -8.16%
2019 -4.27% -1.37%
2018 -5.83% -1.94%
2017 -2.69% -2.79%
2016 1.2% -2.12%
2015 0.46% -2.02%
2014 1.36% -0.19%
2013 1.57% 0.75%
2012 -1.18% 2.07%
2011 -0.72% 2.05%
2010 -0.67% -0.02%
2009 -2.24% -1.48%
2008 -0.29% 2.48%
2007 -0.67% 3.35%
2006 0.24% 2.03%
2005 0.24% -0.44%
2004 -0.14% -1.03%
2003 -0.34% -1.62%
2002 -2.46% -1.4%
2001 -2.35% -2.15%
2000 -1.48% -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 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (2000–2024, retrieved 2026-02-20).

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

In 2024, Nepal's government deficit, the difference between spending and revenue, was $1.19B, equivalent to 2.76% of GDP. This compares to Peru's deficit of $10.2B, or 3.54% of GDP.

Over the past 25 years, Nepal recorded a fiscal deficit in 19 of those years, while Peru ran a deficit in 19 years. On average, Nepal posted an annual deficit equal to 1.74% of GDP, compared to deficit of 1.05% of GDP for Peru.

Inflation comparison by year

Inflation
Nepal

Peru
1x
Year Consumer prices inflation
Nepal Peru
2024 4.69% 2.01%
2023 7.12% 6.46%
2022 7.67% 8.33%
2021 4.13% 4.27%
2020 5.06% 2%
2019 5.57% 2.25%
2018 4.41% 1.51%
2017 2.78% 2.99%
2016 8.79% 3.56%
2015 7.87% 3.4%
2014 8.36% 3.41%
2013 9.04% 2.77%
2012 9.46% 3.61%
2011 9.23% 3.37%
2010 9.33% 1.53%
2009 11.1% 2.94%
2008 9.91% 5.79%
2007 2.27% 1.78%
2006 6.92% 2%
2005 6.84% 1.62%
2004 2.84% 3.66%
2003 5.71% 2.26%
2002 3.03% 0.19%
2001 2.69% 1.98%
2000 2.48% 3.76%
1999 7.45% 3.47%
1998 11.2% 7.25%
1997 4.01% 8.56%

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

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

Over the past 28 years, Nepal has recorded an average annual inflation rate of 6.43%, compared with 3.45% in Peru. In 2024, inflation was 4.69% in Nepal and 2.01% in Peru.

Top exports between countries

Nepal
Export category Export value
Textiles & consumer goods $22K
Precious metals & jewellery $5K
Peru
Export category Export value
Textiles & consumer goods $309K
Chemicals & pharma $13K
Machinery & equipment $2K

Balance of trade

Nepal Peru
Current account balance
$1.68B
2024
$6.39B
2024
Current account balance ranking
50/190
2024
29/190
2024
Current account balance, % of GDP
+3.91%
2024
+2.21%
2024
Goods imports
$12.1B
2024
$52.1B
2024
Goods exports
$1.54B
2024
$76.2B
2024
Service imports
$2.27B
2024
$15.1B
2024
Service exports
$1.9B
2024
$7.15B
2024
Imports of goods and services, % of GDP
32.9%
2024
22.9%
2024
Exports of goods and services, % of GDP
7.62%
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.

Nepal Peru
Economic freedom 52.9 66.3
Economic freedom ranking 144/197 62/197
Property rights 38.8 44
Government integrity 38.9 35
Judicial effectiveness 42.9 47.8
Tax burden 84.3 79.4
Government spending 82.1 84.8
Fiscal health 71 87.4
Business freedom 60.8 73.1
Labor freedom 48.2 64.7
Monetary freedom 69.4 77.6
Trade freedom 58.6 81.6
Investment freedom 10 60
Financial freedom 30 60

Economic freedom comparison by year

Nepal
Peru
1x
Year Economic freedom index
Nepal Peru
2026 52.9 66.3
2025 52.5 65.9
2024 52.1 64.8
2023 51.4 66.5
2022 49.7 66.5
2021 50.7 67.7
2020 54.2 67.9
2019 53.8 67.8
2018 54.1 68.7
2017 55.1 68.9
2016 50.9 67.4
2015 51.3 67.7
2014 50.1 67.4
2013 50.4 68.2
2012 50.2 68.7
2011 50.1 68.6
2010 52.7 67.6
2009 53.2 64.6
2008 54.1 63.8
2007 54.4 62.7
2006 53.7 60.5
2005 51.4 61.3
2004 51.2 64.7
2003 51.5 64.6
2002 52.3 64.8
2001 51.6 69.6
2000 51.3 68.7
1999 53.1 69.2
1998 53.5 65
1997 53.6 63.8
1996 50.3 62.5
1995 - 56.9

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

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

The Economic Freedom Index for Nepal is 52.9, ranking 144/197, 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

Nepal Peru
Services, % of GDP
55.2%
2024
51.3%
2024
Industry, % of GDP
11.4%
2024
34%
2024
Agriculture, forestry, and fishing, % of GDP
21.9%
2024
7.34%
2024
GNI, Atlas method
$43.7B
2024
$257B
2024
GNI per capita, PPP
$5,830
2024
$16,780
2024
Total reserves including gold
$12.5B
2023
$79.2B
2024
Total reserves ranking
74/177
2023
33/177
2024
Net foreign direct investment
-$56.9M
2024
-$5.63B
2024
Net inflows of foreign direct investment
$56.9M
2024
$6.8B
2024
Net outflows of foreign direct investment
$0
2024
$1.17B
2024
Servicing debt to the IMF, % of GNI
1.23%
2024
5.58%
2024
Poverty at national poverty lines
20.3%
2022
27.6%
2024
Gross capital formation, % of GDP
30.4%
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/nepal/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 (2000–2024, 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 (2022–2024, 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.