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Economy of Peru vs Qatar compared: GDP & Debt

Updated on by Georank team

Peru has a GDP of $289B compared to $219B for Qatar, ranking 49/197 and 56/197 by economy size, respectively.

Peru has $93B in government debt (32.2% of GDP), compared to $90.2B (41.2% of GDP) in Qatar.

Peru vs Qatar GDP by year

Peru
Qatar
1x
Year GDP, current $
Peru Qatar
2024 $289,221,969,063 $219,162,637,363
2023 $266,958,720,838 $217,308,516,484
2022 $246,065,570,308 $235,709,340,659
2021 $226,328,766,460 $179,732,142,857
2020 $201,409,694,756 $144,411,538,462
2019 $228,346,006,004 $176,371,428,571
2018 $222,597,009,739 $183,335,164,835
2017 $211,007,984,081 $161,099,175,824
2016 $191,898,104,390 $151,732,142,857
2015 $189,802,976,286 $161,739,835,165
2014 $200,786,250,583 $206,224,725,275
2013 $201,175,543,571 $198,727,747,253
2012 $192,650,021,649 $186,833,516,484
2011 $171,761,737,047 $167,775,274,725
2010 $147,527,631,521 $123,627,197,802
2009 $120,822,986,521 $97,798,351,648
2008 $120,550,599,815 $115,270,054,945
2007 $102,170,981,144 $79,712,087,912
2006 $88,643,193,062 $60,882,142,857
2005 $76,060,606,061 $44,530,494,505
2004 $66,768,703,498 $31,734,065,934
2003 $58,731,030,122 $23,533,791,209
2002 $54,777,553,515 $19,363,736,264
2001 $52,030,158,775 $17,538,461,538
2000 $51,744,749,133 $17,759,890,110
1999 $50,187,324,568 $12,393,131,868
1998 $55,501,467,877 $10,255,495,027
1997 $58,147,522,523 $11,297,802,115
1996 $55,252,414,130 $9,059,340,385
1995 $53,312,793,687 $8,137,911,978
1994 $44,882,079,767 $7,374,450,769
1993 $34,832,077,221 $7,156,593,654
1992 $35,966,302,303 $7,646,153,984
1991 $34,341,465,998 $6,883,516,484
1990 $26,410,386,963 $7,360,439,423
1989 $22,499,558,526 $6,487,912,088
1988 $15,439,408,447 $6,038,187,033
1987 $36,889,706,593 $5,446,428,681
1986 $21,859,448,586 $5,053,021,951
1985 $15,078,736,875 $6,153,296,456
1984 $17,600,400,385 $6,704,395,824
1983 $17,345,260,564 $6,467,582,308
1982 $21,794,535,621 $7,596,703,214
1981 $21,648,214,893 $8,661,263,764
1980 $18,136,838,538 $7,829,165,262
1979 $15,954,012,439 $5,632,962,997
1978 $12,491,876,743 $4,052,000,413
1977 $14,544,913,961 $3,617,564,638
1976 $16,131,958,851 $3,284,273,987
1975 $16,931,162,355 $2,512,773,166
1974 $13,858,441,211 $2,401,403,227
1973 $10,994,381,895 $793,885,560
1972 $9,189,413,409 $510,262,500
1971 $8,289,582,884 $387,703,106
1970 $7,432,223,177 $301,791,302
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/peru/qatar | CC BY

GDP per capita in Peru vs Qatar by year

Peru
GDP per capita

GDP per capita, PPP
Qatar
GDP per capita

GDP per capita, PPP
1x
Year Current $
Peru Qatar
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $8,452 $17,802 $76,689 $126,046
2023 $7,888 $17,011 $81,817 $129,368
2022 $7,351 $16,669 $88,701 $122,921
2021 $6,826 $15,281 $71,752 $116,833
2020 $6,133 $12,563 $51,684 $82,149
2019 $7,037 $13,564 $66,841 $107,503
2018 $6,978 $13,078 $71,040 $110,033
2017 $6,736 $12,592 $63,280 $99,358
2016 $6,217 $12,067 $61,254 $89,935
2015 $6,232 $11,600 $68,985 $102,546
2014 $6,667 $11,518 $95,841 $148,389
2013 $6,747 $11,291 $103,697 $169,203
2012 $6,519 $10,757 $108,470 $180,939
2011 $5,861 $10,463 $103,262 $174,620
2010 $5,072 $9,713 $76,463 $151,646
2009 $4,181 $8,917 $60,786 $125,898
2008 $4,198 $8,820 $80,781 $126,015
2007 $3,581 $7,982 $65,954 $124,056
2006 $3,130 $7,214 $62,582 $127,181
2005 $2,707 $6,560 $53,950 $115,250
2004 $2,397 $6,038 $41,036 $110,958
2003 $2,129 $5,657 $31,602 $94,120
2002 $2,007 $5,383 $27,227 $93,177
2001 $1,930 $5,086 $25,871 $89,805
2000 $1,945 $5,012 $27,535 $88,849
1999 $1,917 $4,847 $20,234 $84,690
1998 $2,156 $4,791 $17,665 $84,486
1997 $2,301 $4,844 $20,523 $79,219
1996 $2,227 $4,556 $17,125 $62,331
1995 $2,190 $4,435 $15,823 $60,321
1994 $1,879 $4,123 $14,765 $59,415
1993 $1,488 $3,666 $14,770 $59,125
1992 $1,567 $3,472 $16,280 $60,387
1991 $1,527 $3,484 $15,133 $54,759
1990 $1,200 $3,367 $16,722 $55,659
1989 $1,045 - $15,243 -
1988 $733 - $14,682 -
1987 $1,792 - $13,719 -
1986 $1,087 - $13,213 -
1985 $767 - $16,815 -
1984 $918 - $19,272 -
1983 $927 - $19,616 -
1982 $1,194 - $24,385 -
1981 $1,216 - $29,505 -
1980 $1,045 - $28,375 -
1979 $942 - $21,777 -
1978 $756 - $16,757 -
1977 $903 - $16,058 -
1976 $1,026 - $15,710 -
1975 $1,104 - $13,014 -
1974 $927 - $13,540 -
1973 $754 - $4,905 -
1972 $647 - $3,483 -
1971 $599 - $2,952 -
1970 $550 - $2,594 -
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/peru/qatar | CC BY

Peru's GDP per capita is $8,452, ranking 91/197, compared to $76,689 in Qatar, ranking 11/197. Adjusted for purchasing power (GDP per capita PPP), Peru ranks 104th at $17,802, while Qatar ranks 5th at $126,046.

Economic indicators

Peru Qatar
Gross domestic product
$289B
2024
$219B
2024
GDP rank
49/197
2024
56/197
2024
GDP growth
3.3%
2023-2024
2.36%
2023-2024
GDP per capita
$8,452
2024
$76,689
2024
GDP per capita rank
91/197
2024
11/197
2024
GDP per capita, PPP
$17,802
2024
$126,046
2024
GDP per capita PPP rank
104/197
2024
5/197
2024
Government debt
$93B
2024
$90.2B
2024
Debt-to-GDP ratio
32.2%
2024
41.2%
2024
Government debt per person
$2,717
2024
$31,579
2024
Government debt per person rank
108/185
2024
23/185
2024
Average annual personal income after taxes
$7,290
2026
$35,660
2026
Market capitalization of domestic companies
$82.2B
2024
$170M
2024
Number of millionaires n/a
26,163
2025
Number of billionaires n/a
2
2025
Income share by richest 10%
30.3%
2024
25.8%
2017
Income share by poorest 10%
2%
2024
2.6%
2017
Government expenditure, % of GDP
22.3%
2024
26%
2024
Consumer prices inflation
2.01%
2023-2024
1.27%
2023-2024
Central bank interest rate
4.25%
2025
4.1%
2025
Unemployment rate
4.86%
2024
0.13%
2022
Population
35031596
2999260

Spending and national debt comparison by year

Peru
Spending

Debt
Qatar
Spending

Debt
1x
Year % of GDP
Peru Qatar
Government spending Government debt Government spending Government debt
2024 22.3% 32.2% 26% 41.2%
2023 22.1% 32.4% 27.3% 43.7%
2022 23.1% 33.5% 24.3% 42.6%
2021 23.1% 35.5% 29.4% 58.4%
2020 25.6% 34.3% 34.7% 72.6%
2019 20.8% 26.5% 32.5% 62.1%
2018 21% 25.7% 28.9% 52.2%
2017 20.6% 24.8% 34.7% 51.6%
2016 20.5% 23.9% 40.1% 46.7%
2015 22% 23.7% 38.6% 35.5%
2014 22.4% 20.5% 32.3% 24.9%
2013 21.5% 19.9% 28.3% 30.9%
2012 20.3% 20.7% 31% 32.1%
2011 19.8% 23.1% 28.5% 33.5%
2010 21% 25.1% 32% 30.4%
2009 21.3% 28.2% 36.4% 36%
2008 19.9% 28.1% 23.5% 11.4%
2007 18.6% 31.9% 29.5% 9.37%
2006 19.2% 34.9% 29.5% 13.9%
2005 20.4% 40.4% 29% 19.1%
2004 19.6% 46.7% 29.9% 30.1%
2003 20.1% 49.4% 28.5% 38.8%
2002 19.6% 45.5% 31.6% 47.7%
2001 20.9% 43.8% 32.1% 59.2%
2000 21.7% 44.9% 29.8% 51.6%
1999 17.8% 41.1% 42.4% 81.8%
1998 16.3% 36.8% 55.1% 76.6%
1997 15.6% 34.5% 47.6% 54.4%
1996 16.5% 37.4% 55.2% 57.8%
1995 17.5% 36.8% 52.2% 50.2%
1994 16.9% 41.9% 59.8% 54.8%
1993 18.2% 49.9% 62.8% 46.3%
1992 19.1% 46.8% 54.2% 19.9%
1991 15.7% 48.3% 57.5% 21.8%
1990 20.4% 56.3% 50% 12.6%
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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

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

In 2024, Peru's government spending was $64.4B, accounting for 22.3% of its GDP, while Qatar spent $56.9B, or 26% of GDP.

Debt-to-GDP ratio is 32.2% in Peru and 41.2% in Qatar, ranking 154/185 and 130/185, respectively.

Government deficit by year

Deficit/surplus
Peru

Qatar
1x
Year Deficit/surplus, % of GDP
Peru Qatar
2024 -3.54% 0.69%
2023 -2.78% 5.56%
2022 -1.38% 10.4%
2021 -2.49% 0.24%
2020 -8.16% -2.13%
2019 -1.37% 1%
2018 -1.94% 2.26%
2017 -2.79% -6.82%
2016 -2.12% -9.2%
2015 -2.02% 18.4%
2014 -0.19% 13.4%
2013 0.75% 19.3%
2012 2.07% 8.55%
2011 2.05% 5.24%
2010 -0.02% 4.6%
2009 -1.48% 14.1%
2008 2.48% 9.49%
2007 3.35% 10.3%
2006 2.03% 8.39%
2005 -0.44% 9.8%
2004 -1.03% 17.7%
2003 -1.62% 6.71%
2002 -1.4% 7.89%
2001 -2.15% 4.48%
2000 -2.12% 4.62%
1999 -2.93% -4.35%
1998 -0.2% -7%
1997 0.47% -9.4%
1996 -0.25% -8.73%
1995 -2.05% -5.78%
1994 -1.9% -11.8%
1993 -2.82% -9.53%
1992 -3.55% -2.74%
1991 -1.98% -2.57%
1990 -7.99% 3.23%
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 (1990–2024, retrieved 2026-02-20).

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

In 2024, Peru's government deficit, the difference between spending and revenue, was $10.2B, equivalent to 3.54% of GDP. This compares to Qatar's surplus of $1.52B, or 0.69% of GDP.

Over the past 35 years, Peru recorded a fiscal deficit in 28 of those years, while Qatar ran a deficit in 12 years. On average, Peru posted an annual deficit equal to 1.41% of GDP, compared to surplus of 3.04% of GDP for Qatar.

Inflation comparison by year

Inflation
Peru

Qatar
1x
Year Consumer prices inflation
Peru Qatar
2024 2.01% 1.27%
2023 6.46% 3.03%
2022 8.33% 5%
2021 4.27% 2.3%
2020 2% -2.54%
2019 2.25% -0.67%
2018 1.51% 0.26%
2017 2.99% 0.39%
2016 3.56% 2.68%
2015 3.4% 1.81%
2014 3.41% 3.35%
2013 2.77% 3.22%
2012 3.61% 2.32%
2011 3.37% 1.14%
2010 1.53% -2.43%
2009 2.94% -4.86%
2008 5.79% 15.1%
2007 1.78% 13.8%
2006 2% 11.8%
2005 1.62% 8.81%
2004 3.66% 6.8%
2003 2.26% 2.26%
2002 0.19% 0.24%
2001 1.98% 1.47%
2000 3.76% 1.65%
1999 3.47% 2.18%
1998 7.25% 2.95%
1997 8.56% 4.83%

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

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

Over the past 28 years, Peru has recorded an average annual inflation rate of 3.45%, compared with 3.15% in Qatar. In 2024, inflation was 2.01% in Peru and 1.27% in Qatar.

Top exports between countries

Peru
Export category Export value
Raw agricultural goods $269K
Machinery & equipment $175K
Chemicals & pharma $162K
Wood & paper products $139K
Textiles & consumer goods $53K
Processed food, beverages & tobacco $47K
Metals $26K
Raw materials & minerals $13K
Precious metals & jewellery $11K
Qatar
Export category Export value
Chemicals & pharma $7.59M
Raw materials & minerals $1.39M
Machinery & equipment $1.37M

Balance of trade

Peru Qatar
Current account balance
$6.39B
2024
$37.9B
2024
Current account balance ranking
29/190
2024
16/190
2024
Current account balance, % of GDP
+2.21%
2024
+17.3%
2024
Goods imports
$52.1B
2024
$32.6B
2024
Goods exports
$76.2B
2024
$95B
2024
Service imports
$15.1B
2024
$37.1B
2024
Service exports
$7.15B
2024
$30.2B
2024
Imports of goods and services, % of GDP
22.9%
2024
31.6%
2022
Exports of goods and services, % of GDP
28.5%
2024
68.6%
2022

Economic freedom indices

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

Peru Qatar
Economic freedom 66.3 70.2
Economic freedom ranking 62/197 37/197
Property rights 44 66.2
Government integrity 35 53.5
Judicial effectiveness 47.8 41.5
Tax burden 79.4 99.9
Government spending 84.8 79.9
Fiscal health 87.4 96.6
Business freedom 73.1 68
Labor freedom 64.7 58.5
Monetary freedom 77.6 76
Trade freedom 81.6 81.8
Investment freedom 60 60
Financial freedom 60 60

Economic freedom comparison by year

Peru
Qatar
1x
Year Economic freedom index
Peru Qatar
2026 66.3 70.2
2025 65.9 70.2
2024 64.8 68.8
2023 66.5 68.6
2022 66.5 67.7
2021 67.7 72
2020 67.9 72.3
2019 67.8 72.6
2018 68.7 72.6
2017 68.9 73.1
2016 67.4 70.7
2015 67.7 70.8
2014 67.4 71.2
2013 68.2 71.3
2012 68.7 71.3
2011 68.6 70.5
2010 67.6 69
2009 64.6 65.8
2008 63.8 62.2
2007 62.7 62.9
2006 60.5 62.4
2005 61.3 63.5
2004 64.7 66.5
2003 64.6 65.9
2002 64.8 61.9
2001 69.6 60
2000 68.7 62
1999 69.2 62
1998 65 -
1997 63.8 -
1996 62.5 -
1995 56.9 -

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

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

The Economic Freedom Index for Peru is 66.3, ranking 62/197, compared to 70.2 for Qatar, ranking 37/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Peru Qatar
Services, % of GDP
51.3%
2024
46.1%
2024
Industry, % of GDP
34%
2024
58.2%
2024
Agriculture, forestry, and fishing, % of GDP
7.34%
2024
0.29%
2024
GNI, Atlas method
$257B
2024
$221B
2024
GNI per capita, PPP
$16,780
2024
$121,900
2024
Total reserves including gold
$79.2B
2024
$54B
2024
Total reserves ranking
33/177
2024
40/177
2024
Net foreign direct investment
-$5.63B
2024
$1.1B
2024
Net inflows of foreign direct investment
$6.8B
2024
$460M
2024
Net outflows of foreign direct investment
$1.17B
2024
$1.56B
2024
Servicing debt to the IMF, % of GNI
5.58%
2024
n/a
Poverty at national poverty lines
27.6%
2024
n/a
Gross capital formation, % of GDP
19.4%
2024
30.6%
2022

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/peru/qatar | 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 (1990–2024, 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 (2021–2024, 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.