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Peru's economy ranking: GDP & GDP per capita, debt

Updated on by Georank team

Peru ranked 49/197 by economy size with a GDP of $289B and 93/197 by GDP per capita at $8,452. Peru has $94.8B in government debt, with a debt-to-GDP ratio of 33.7%.

In 2025, Peru made up 0.26% of the world's economy, compared to 0.19% in 1960.

The chart below shows GDP in nominal terms, GDP adjusted for inflation (in constant dollars), and a bar chart of year-over-year inflation-adjusted growth.

GDP, current $
GDP, constant 2015 $
GDP growth
Year GDP GDP growth
Current $ Constant $
1960 $2,571,986,572 $27,514,598,739 -
1961 $2,897,852,693 $29,536,122,814 12.7%
1962 $3,284,322,201 $32,500,159,378 13.3%
1963 $3,598,272,493 $33,906,847,467 9.56%
1964 $4,353,664,867 $36,127,022,964 21%
1965 $5,163,008,077 $38,157,987,898 18.6%
1966 $6,109,048,737 $41,301,794,164 18.3%
1967 $6,194,340,080 $42,892,972,386 1.4%
1968 $5,736,083,835 $42,958,271,666 -7.4%
1969 $6,420,909,790 $44,468,022,473 11.9%
1970 $7,432,223,177 $45,964,792,098 15.8%
1971 $8,289,582,884 $48,074,824,232 11.5%
1972 $9,189,413,409 $49,746,643,130 10.9%
1973 $10,994,381,895 $52,869,207,462 19.6%
1974 $13,858,441,211 $57,831,952,690 26.1%
1975 $16,931,162,355 $60,319,225,841 22.2%
1976 $16,131,958,851 $61,192,111,990 -4.72%
1977 $14,544,913,961 $61,405,711,440 -9.84%
1978 $12,491,876,743 $59,783,063,686 -14.1%
1979 $15,954,012,439 $62,228,639,707 27.7%
1980 $18,136,838,538 $65,927,096,479 13.7%
1981 $21,648,214,893 $69,587,396,443 19.4%
1982 $21,794,535,621 $69,432,408,996 0.68%
1983 $17,345,260,564 $62,205,824,296 -20.4%
1984 $17,600,400,385 $64,450,388,680 1.47%
1985 $15,078,736,875 $65,778,796,308 -14.3%
1986 $21,859,448,586 $71,979,080,890 45%
1987 $36,889,706,593 $78,979,871,696 68.8%
1988 $15,439,408,447 $71,523,166,042 -58.1%
1989 $22,499,558,526 $62,717,204,195 45.7%
1990 $26,410,386,963 $59,592,279,647 17.4%
1991 $34,341,465,998 $60,914,786,738 30%
1992 $35,966,302,303 $60,585,536,757 4.73%
1993 $34,832,077,221 $63,762,386,033 -3.15%
1994 $44,882,079,767 $71,610,493,994 28.9%
1995 $53,312,793,687 $76,917,830,599 18.8%
1996 $55,252,414,130 $79,070,739,970 3.64%
1997 $58,147,522,523 $84,192,012,967 5.24%
1998 $55,501,467,877 $83,862,369,617 -4.55%
1999 $50,187,324,568 $85,116,037,106 -9.57%
2000 $51,744,749,133 $87,409,379,265 3.1%
2001 $52,030,158,775 $87,949,475,111 0.55%
2002 $54,777,553,515 $92,745,825,187 5.28%
2003 $58,731,030,122 $96,608,710,265 7.22%
2004 $66,768,703,498 $101,398,766,434 13.7%
2005 $76,060,606,061 $107,771,740,074 13.9%
2006 $88,643,193,062 $115,885,765,582 16.5%
2007 $102,170,981,144 $125,757,364,463 15.3%
2008 $120,550,599,815 $137,234,696,225 18%
2009 $120,822,986,521 $138,738,546,495 0.23%
2010 $147,527,631,521 $150,298,879,148 22.1%
2011 $171,761,737,047 $159,808,578,409 16.4%
2012 $192,650,021,649 $169,620,385,179 12.2%
2013 $201,175,543,571 $179,547,449,111 4.43%
2014 $200,786,250,583 $183,824,551,906 -0.19%
2015 $189,802,976,286 $189,802,976,286 -5.47%
2016 $191,898,104,390 $197,306,492,869 1.1%
2017 $211,007,984,081 $202,276,318,742 9.96%
2018 $222,597,009,739 $210,305,376,513 5.49%
2019 $228,346,006,004 $215,017,545,590 2.58%
2020 $201,409,694,756 $191,509,018,300 -11.8%
2021 $226,328,766,460 $217,099,648,514 12.4%
2022 $246,065,570,308 $223,198,050,485 8.72%
2023 $266,958,720,838 $222,298,021,864 8.49%
2024 $289,221,969,060 $229,642,617,310 8.34%

Economic Statistics of Peru

Peru Rank
Gross domestic product
$289B
2024
49/197
GDP growth
8.34%
2023-2024
55/196
GDP per capita
$8,452
2024
93/197
GDP per capita, PPP
$17,802
2024
102/197
Government debt
$94.8B
2024
59/185
Debt-to-GDP ratio
33.7%
2025
153/185
Government debt per person
$2,770
2024
106/185
Average annual personal income after taxes
$6,804
2025
96/197
Listed domestic companies
176
2024
37/103
Market capitalization of domestic companies
$82.2B
2024
42/100
Income share by richest 10%
30.3%
2024
55/169
Income share by poorest 10%
2%
2024
140/169
Government expenditure, % of GDP
22.6%
2025
140/195
Consumer prices inflation
2.01%
2023-2024
139/195
Central bank interest rate
4.25%
2025
73/105
Unemployment rate
5.2%
2024
98/196
Population
34854181
48/197

Peru's GDP per capita

Peru has a GDP per capita of $8,452, ranking 93/197, a GDP per capita based on purchasing power parity (PPP) of $17,802, ranking 102/197, and a median annual after tax income of $6,804, ranking 96/197.

GDP per capita
GDP per capita, PPP
Year Current $
GDP per capita GDP per capita, PPP
1960 $252.8 -
1961 $276.6 -
1962 $305 -
1963 $324 -
1964 $381 -
1965 $439 -
1966 $505 -
1967 $498 -
1968 $448 -
1969 $488 -
1970 $550 -
1971 $599 -
1972 $647 -
1973 $754 -
1974 $927 -
1975 $1,104 -
1976 $1,026 -
1977 $903 -
1978 $756 -
1979 $942 -
1980 $1,045 -
1981 $1,216 -
1982 $1,194 -
1983 $927 -
1984 $918 -
1985 $767 -
1986 $1,087 -
1987 $1,792 -
1988 $733 -
1989 $1,045 -
1990 $1,200 $3,367
1991 $1,527 $3,484
1992 $1,567 $3,472
1993 $1,488 $3,666
1994 $1,879 $4,123
1995 $2,190 $4,435
1996 $2,227 $4,556
1997 $2,301 $4,844
1998 $2,156 $4,791
1999 $1,917 $4,847
2000 $1,945 $5,012
2001 $1,930 $5,086
2002 $2,007 $5,383
2003 $2,129 $5,657
2004 $2,397 $6,038
2005 $2,707 $6,560
2006 $3,130 $7,214
2007 $3,581 $7,982
2008 $4,198 $8,820
2009 $4,181 $8,917
2010 $5,072 $9,713
2011 $5,861 $10,463
2012 $6,519 $10,757
2013 $6,747 $11,291
2014 $6,667 $11,518
2015 $6,232 $11,600
2016 $6,217 $12,067
2017 $6,736 $12,592
2018 $6,978 $13,078
2019 $7,037 $13,564
2020 $6,133 $12,563
2021 $6,826 $15,281
2022 $7,351 $16,669
2023 $7,888 $17,011
2024 $8,452 $17,802

Peru's government spending, deficit, and chart

This chart shows Peru's government spending, budget balance, and debt over time, each expressed as a share of GDP.

Over the past 50 years, Peru recorded a fiscal deficit in 43 years — average annual deficit equal to -2.24% of GDP. In 2024, government spending reached $65.6B (22.6% of GDP), with a deficit of -2.54%.

The national debt reached $94.8B, ranking 59th out of 185 countries by total size, with a debt-to-GDP ratio of 33.7%, ranking 153rd.

Government spending
Government debt
Deficit/surplus
Year % of GDP
Government spending Government debt Government deficit/surplus
1900 3.59% 23.9% 0%
1901 3.67% 16.6% 0.26%
1902 3.59% 15.6% 0.26%
1903 3.55% 15.8% 0.24%
1904 4.23% 14.5% 0.22%
1905 4.26% 13.6% 0.2%
1906 4.54% 12.5% 0.38%
1907 4.86% 11.7% 0.18%
1908 5.49% 11.2% -0.18%
1909 4.51% 11.6% -0.33%
1910 4.39% 10.4% 0.16%
1911 4.87% 10% 0.32%
1912 5.57% 10.1% -0.45%
1913 8.63% 9.51% -3.04%
1914 6.53% 10.1% -1.59%
1915 4.21% 11% -0.74%
1916 3.3% 9% 0.27%
1917 3.93% 5.62% -0.25%
1918 3.7% 6.88% -0.34%
1919 4.27% 5.98% -0.26%
1920 4.47% 5.29% -0.4%
1921 5.17% 4.35% -1.53%
1922 4.98% 5.42% -1.24%
1923 5.17% 5.87% -0.85%
1924 5.94% 6.73% -1.31%
1925 6.01% 6.75% -1.69%
1926 6.45% 6.42% -1.84%
1927 4.79% 7.16% 0%
1928 7.24% 12.9% -1.88%
1929 5.83% 14% 0.008%
1930 7.04% 13.1% -0.67%
1931 5.8% 20.4% -0.28%
1932 5.8% 29% -0.57%
1933 5.53% 33.4% 0.02%
1934 5.81% 33.1% 0.11%
1935 6.13% 32% 0.09%
1936 6.2% 30.8% 0.18%
1937 6.1% 28.3% 0.18%
1938 9.5% 26.3% -1.57%
1939 8.73% 27.9% -1.01%
1940 6.65% 30.9% 0.27%
1941 9.5% 28.6% -1.76%
1942 9.89% 28.8% -2.38%
1943 9.17% 26.7% 0.18%
1944 8.16% 26.5% 0%
1945 8.81% 26% 0%
1946 10.8% 25.7% -1.39%
1947 13.1% 25.8% -0.54%
1948 12.6% 24% -0.84%
1949 9.38% 19.4% 0.26%
1950 11.3% 13.9% 0.08%
1951 10.9% 10.6% 0.61%
1952 10.5% 7.96% 0.04%
1953 11.9% 7.6% -2.35%
1954 15.2% 8.21% -0.66%
1955 16.7% 13.8% 0.06%
1956 18.3% 17.3% -0.93%
1957 17.9% 16.3% -2.23%
1958 16.9% 17.5% -2.63%
1959 16.3% 20.6% -1.46%
1960 13.3% - 3.32%
1961 14.8% 16% 2.46%
1962 14.6% - 2.16%
1963 16.2% - -1.86%
1964 16.9% 14.1% -3.37%
1965 18.7% 14.5% -4.79%
1966 18.6% 17% -5.41%
1967 19.1% 12.1% -3.76%
1968 18.4% 15.2% -3.28%
1969 16.4% - -1.1%
1970 14.3% 20% -0.42%
1971 15% 19% -1.89%
1972 15.3% 20.6% -2.04%
1973 19.5% 22.6% -6.68%
1974 17.7% 24% -4.47%
1975 19.8% 27% -6.54%
1976 21.1% 34.5% -8.37%
1977 19.4% 44.8% -6.52%
1978 19% 56% -5.07%
1979 16.4% 45.9% -0.54%
1980 19.3% 36.3% -2.36%
1981 18.4% 30.6% -3.98%
1982 17.6% 34.2% -3.22%
1983 19.4% 56.2% -7.52%
1984 18.3% 56.7% -4.45%
1985 17.2% 63.4% -2.41%
1986 16.6% 48.6% -4.08%
1987 15.5% 39.1% -6.26%
1988 12.8% 42.8% -3.57%
1989 12.1% 34.9% -1.3%
1990 20.4% 56.3% -7.99%
1991 15.7% 48.3% -1.98%
1992 19.1% 46.8% -3.55%
1993 18.2% 49.9% -2.82%
1994 16.9% 41.9% -1.9%
1995 17.5% 36.8% -2.05%
1996 16.5% 37.4% -0.25%
1997 15.6% 34.5% 0.47%
1998 16.3% 36.8% -0.2%
1999 17.8% 41.1% -2.93%
2000 21.7% 44.9% -2.12%
2001 20.9% 43.8% -2.15%
2002 19.6% 45.5% -1.4%
2003 20.1% 49.4% -1.62%
2004 19.6% 46.7% -1.03%
2005 20.4% 40.4% -0.44%
2006 19.2% 34.9% 2.03%
2007 18.6% 31.9% 3.35%
2008 19.8% 28% 2.48%
2009 21.4% 28.3% -1.48%
2010 21% 25.1% -0.02%
2011 19.7% 23% 2.04%
2012 20.3% 20.6% 2.07%
2013 21.5% 19.9% 0.75%
2014 22.4% 20.5% -0.19%
2015 22.2% 23.9% -2.04%
2016 20.8% 24.2% -2.15%
2017 20.9% 25.1% -2.83%
2018 21.2% 25.9% -1.96%
2019 21.1% 26.9% -1.39%
2020 26.1% 34.9% -8.3%
2021 23.5% 36.1% -2.53%
2022 23.5% 34% -1.4%
2023 22.5% 33% -2.82%
2024 22.7% 32.8% -3.6%
2025 22.6% 33.7% -2.54%

Inflation rate by year

Over the past 20 years, Peru has had an average annual inflation rate of 3.28%. In 2024, inflation was 2.01%. The bar chart below shows consumer price inflation by year.

Year Inflation
1960 8.66%
1961 5.92%
1962 6.64%
1963 6.07%
1964 9.79%
1965 16.4%
1966 8.84%
1967 9.78%
1968 19.1%
1969 6.24%
1970 5.03%
1971 6.79%
1972 7.22%
1973 9.49%
1974 16.9%
1975 23.6%
1976 33.5%
1977 38.1%
1978 57.8%
1979 66.7%
1980 59.1%
1981 75.4%
1982 64.4%
1983 111.2%
1984 110.2%
1985 163.4%
1986 77.9%
1987 85.8%
1988 667%
1989 3,399%
1990 7,482%
1991 410%
1992 73.5%
1993 48.6%
1994 23.7%
1995 11.1%
1996 11.5%
1997 8.56%
1998 7.25%
1999 3.47%
2000 3.76%
2001 1.98%
2002 0.19%
2003 2.26%
2004 3.66%
2005 1.62%
2006 2%
2007 1.78%
2008 5.79%
2009 2.94%
2010 1.53%
2011 3.37%
2012 3.61%
2013 2.77%
2014 3.41%
2015 3.4%
2016 3.56%
2017 2.99%
2018 1.51%
2019 2.25%
2020 2%
2021 4.27%
2022 8.33%
2023 6.46%
2024 2.01%

Balance of trade

Peru Rank
Current account balance
$6.39B
2024
29/189
Current account balance, % of GDP
+2.21%
2024
53/189
Goods imports
$52.1B
2024
52/188
Goods exports
$76.2B
2024
45/188
Service imports
$15.1B
2024
54/188
Service exports
$7.15B
2024
79/188
Imports of goods and services, % of GDP
22.9%
2024
157/180
Exports of goods and services, % of GDP
28.5%
2024
116/193

Peru's top 10 trading partners

Peru's biggest trading partner accounting for 32%% of all exports and imports is China, with a trade balance between the two of +$9.47B — Peru exports $25.2B worth of goods and services to China and imports $15.8B.

Below is the list of the top 10 trade partners of Peru.

Rank Country Trade value Share of total trade Export to Import from Top export to Top import from
1 China $41B 32% $25.2B $15.8B Raw materials & minerals Machinery & equipment
2 United States $19.6B 15.3% $9.55B $10B Raw agricultural goods Raw materials & minerals
3 India $5.89B 4.6% $4.72B $1.18B Precious metals & jewellery Machinery & equipment
4 Canada $5.24B 4.09% $3.81B $1.43B Precious metals & jewellery Raw materials & minerals
5 Brazil $5.12B 3.99% $1.64B $3.48B Raw materials & minerals Machinery & equipment
6 Japan $4.48B 3.49% $3.33B $1.14B Raw materials & minerals Machinery & equipment
7 Chile $3.47B 2.71% $2.22B $1.25B Raw materials & minerals Metals
8 Argentina $3.08B 2.4% $195M $2.88B Raw materials & minerals Raw agricultural goods
9 Spain $2.96B 2.31% $2.1B $856M Raw materials & minerals Machinery & equipment
10 South Korea $2.82B 2.2% $2.08B $739M Raw materials & minerals Machinery & equipment

Peru's top 10 exports

Peru Rank
Raw materials & minerals $35B 31/193
Precious metals & jewellery $13.3B 19/190
Raw agricultural goods $9.18B 21/193
Metals $5.89B 46/192
Processed food, beverages & tobacco $5.73B 38/192
Transport & tourism services $4.44B 72/188
Textiles & consumer goods $2B 61/193
Chemicals & pharma $1.44B 66/193
Animal & marine products $1.15B 52/192
Business & finance services $886M 78/188

Peru's top 10 imports

Peru Rank
Machinery & equipment $17.7B 54/193
Raw materials & minerals $12.4B 45/193
Transport & tourism services $7.5B 54/188
Chemicals & pharma $7.22B 53/193
Textiles & consumer goods $5.01B 50/193
Metals $3.86B 57/193
Processed food, beverages & tobacco $3.37B 58/193
Business & finance services $3.14B 57/188
Raw agricultural goods $2.65B 46/193
IT & IP services $1.59B 50/182

Economic freedom indices

Peru Rank
Economic freedom 65.9 60/197
Property rights 44.9 107/182
Government integrity 34 107/182
Judicial effectiveness 47.3 107/182
Tax burden 79.4 88/181
Government spending 83.9 49/180
Fiscal health 89.8 46/181
Business freedom 70.6 72/182
Labor freedom 65.1 32/182
Monetary freedom 73.9 60/180
Trade freedom 81.6 20/181
Investment freedom 60 81/181
Financial freedom 60 58/181

Peru's economic freedom by year

Peru is ranked 54/180 for economic freedom with a score of 65.9, compared to 65/163 and a score of 61.3 in 2005.

Economic freedom
Judicial effectiveness
Tax burden
Government spending
Fiscal health
Year Index
Economic freedom Judicial effectiveness Tax burden Government spending Fiscal health
1995 56.9 - 81.1 89.5 -
1996 62.5 - 81 93.4 -
1997 63.8 - 80.5 92 -
1998 65 - 80.4 91.4 -
1999 69.2 - 80.2 91.3 -
2000 68.7 - 80 88 -
2001 69.6 - 80.1 92.3 -
2002 64.8 - 80.5 91.3 -
2003 64.6 - 81.6 88.8 -
2004 64.7 - 81.5 87.5 -
2005 61.3 - 82.3 76 -
2006 60.5 - 80.3 75.6 -
2007 62.7 - 80.2 91.4 -
2008 63.8 - 80.2 91.8 -
2009 64.6 - 79.7 91.8 -
2010 67.6 - 79.5 92.3 -
2011 68.6 - 79.4 91 -
2012 68.7 - 79.7 90.9 -
2013 68.2 - 79.9 89.1 -
2014 67.4 - 79.1 89.1 -
2015 67.7 - 78.6 88.5 -
2016 67.4 - 78.5 86.1 -
2017 68.9 28.2 80.3 85.1 98.4
2018 68.7 33.5 80.6 85.6 94.7
2019 67.8 34 80.6 86.1 88.5
2020 67.9 30.6 80.8 86.4 89
2021 67.7 28.2 79.4 86.4 91.5
2022 66.5 49.7 79.5 84.2 73.1
2023 66.5 38.5 80 83.3 70.8
2024 64.8 48.2 79.1 81.8 67.8
2025 65.9 47.3 79.4 83.9 89.8

More economic indicators

Peru Rank
Services, % of GDP
52.7%
2024
116/191
Industry, % of GDP
32.2%
2024
43/194
Agriculture, forestry, and fishing, % of GDP
6.06%
2024
98/193
GNI, Atlas method
$256B
2024
51/194
GNI per capita, PPP
$16,770
2024
101/191
Total reserves including gold
$79.2B
2024
33/177
Net foreign direct investment
-$5.63B
2024
168/188
Net inflows of foreign direct investment
$6.8B
2024
41/193
Net outflows of foreign direct investment
$1.17B
2024
47/187
Servicing debt to the IMF, % of GNI
5.42%
2023
42/119
Poverty at national poverty lines
27.6%
2024
63/176
Gross capital formation, % of GDP
19.4%
2024
130/176

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GDP per capita map

GDP per capita

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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.