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Economy of Peru vs Romania compared: GDP & Debt

Updated on by Georank team

Peru has a GDP of $289B compared to $383B for Romania, ranking 49/197 and 42/197 by economy size, respectively.

Peru has $93B in government debt (32.2% of GDP), compared to $220B (57.4% of GDP) in Romania.

Peru vs Romania GDP by year

Peru
Romania
1x
Year GDP, current $
Peru Romania
2024 $289,221,969,063 $382,564,217,989
2023 $266,958,720,838 $347,757,995,759
2022 $246,065,570,308 $295,319,437,557
2021 $226,328,766,460 $285,071,280,114
2020 $201,409,694,756 $250,625,048,304
2019 $228,346,006,004 $250,080,428,512
2018 $222,597,009,739 $241,791,427,224
2017 $211,007,984,081 $210,147,385,855
2016 $191,898,104,390 $185,290,759,249
2015 $189,802,976,286 $177,885,131,240
2014 $200,786,250,583 $199,722,319,676
2013 $201,175,543,571 $189,798,603,751
2012 $192,650,021,649 $179,117,323,107
2011 $171,761,737,047 $192,623,977,894
2010 $147,527,631,521 $170,064,350,672
2009 $120,822,986,521 $174,110,532,659
2008 $120,550,599,815 $214,315,932,061
2007 $102,170,981,144 $174,588,782,939
2006 $88,643,193,062 $122,023,735,993
2005 $76,060,606,061 $98,454,380,120
2004 $66,768,703,498 $74,973,656,852
2003 $58,731,030,122 $57,806,384,143
2002 $54,777,553,515 $46,065,502,703
2001 $52,030,158,775 $40,395,116,581
2000 $51,744,749,133 $37,253,739,511
1999 $50,187,324,568 $35,953,156,754
1998 $55,501,467,877 $41,696,091,974
1997 $58,147,522,523 $35,575,214,078
1996 $55,252,414,130 $36,937,074,278
1995 $53,312,793,687 $37,430,162,103
1994 $44,882,079,767 $30,072,805,104
1993 $34,832,077,221 $26,361,160,450
1992 $35,966,302,303 $25,121,666,667
1991 $34,341,465,998 $28,850,634,900
1990 $26,410,386,963 $38,247,882,300
1989 $22,499,558,526 $41,450,777,202
1988 $15,439,408,447 $40,424,528,302
1987 $36,889,706,593 $38,067,567,568
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/peru/romania | CC BY

GDP per capita in Peru vs Romania by year

Peru
GDP per capita

GDP per capita, PPP
Romania
GDP per capita

GDP per capita, PPP
1x
Year Current $
Peru Romania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $8,452 $17,802 $20,080 $49,077
2023 $7,888 $17,011 $18,244 $45,982
2022 $7,351 $16,669 $15,504 $41,979
2021 $6,826 $15,281 $14,908 $37,534
2020 $6,133 $12,563 $13,009 $34,194
2019 $7,037 $13,564 $12,910 $33,425
2018 $6,978 $13,078 $12,416 $29,383
2017 $6,736 $12,592 $10,728 $26,943
2016 $6,217 $12,067 $9,405 $23,905
2015 $6,232 $11,600 $8,977 $21,625
2014 $6,667 $11,518 $10,032 $20,633
2013 $6,747 $11,291 $9,498 $19,678
2012 $6,519 $10,757 $8,930 $19,808
2011 $5,861 $10,463 $9,561 $18,804
2010 $5,072 $9,713 $8,400 $17,355
2009 $4,181 $8,917 $8,548 $16,641
2008 $4,198 $8,820 $10,435 $16,782
2007 $3,581 $7,982 $8,360 $13,703
2006 $3,130 $7,214 $5,758 $11,554
2005 $2,707 $6,560 $4,618 $9,602
2004 $2,397 $6,038 $3,495 $8,989
2003 $2,129 $5,657 $2,679 $7,559
2002 $2,007 $5,383 $2,120 $7,162
2001 $1,930 $5,086 $1,825 $6,520
2000 $1,945 $5,012 $1,660 $5,850
1999 $1,917 $4,847 $1,600 $5,596
1998 $2,156 $4,791 $1,853 $5,545
1997 $2,301 $4,844 $1,577 $5,564
1996 $2,227 $4,556 $1,633 $5,746
1995 $2,190 $4,435 $1,650 $5,429
1994 $1,879 $4,123 $1,323 $4,995
1993 $1,488 $3,666 $1,158 $4,699
1992 $1,567 $3,472 $1,102 $4,515
1991 $1,527 $3,484 $1,254 $4,795
1990 $1,200 $3,367 $1,648 $5,280
1989 $1,045 - $1,790 -
1988 $733 - $1,753 -
1987 $1,792 - $1,659 -
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/peru/romania | CC BY

Peru's GDP per capita is $8,452, ranking 91/197, compared to $20,080 in Romania, ranking 58/197. Adjusted for purchasing power (GDP per capita PPP), Peru ranks 104th at $17,802, while Romania ranks 47th at $49,077.

Economic indicators

Peru Romania
Gross domestic product
$289B
2024
$383B
2024
GDP rank
49/197
2024
42/197
2024
GDP growth
3.3%
2023-2024
0.92%
2023-2024
GDP per capita
$8,452
2024
$20,080
2024
GDP per capita rank
91/197
2024
58/197
2024
GDP per capita, PPP
$17,802
2024
$49,077
2024
GDP per capita PPP rank
104/197
2024
47/197
2024
Government debt
$93B
2024
$220B
2024
Debt-to-GDP ratio
32.2%
2024
57.4%
2024
Government debt per person
$2,717
2024
$11,533
2024
Government debt per person rank
108/185
2024
48/185
2024
Average annual personal income after taxes
$7,290
2026
$13,912
2026
Market capitalization of domestic companies
$82.2B
2024
$47.4B
2024
Number of billionaires n/a
6
2025
Income share by richest 10%
30.3%
2024
21.8%
2023
Income share by poorest 10%
2%
2024
2.4%
2023
Government expenditure, % of GDP
22.3%
2024
39.9%
2024
Consumer prices inflation
2.01%
2023-2024
5.6%
2023-2024
Central bank interest rate
4.25%
2025
6.5%
2024
Unemployment rate
4.86%
2024
5.43%
2024
Population
35031596
18839108

Spending and national debt comparison by year

Peru
Spending

Debt
Romania
Spending

Debt
1x
Year % of GDP
Peru Romania
Government spending Government debt Government spending Government debt
2024 22.3% 32.2% 39.9% 57.4%
2023 22.1% 32.4% 36.6% 52.1%
2022 23.1% 33.5% 37.4% 51.7%
2021 23.1% 35.5% 37% 51.5%
2020 25.6% 34.3% 38.1% 49.3%
2019 20.8% 26.5% 33.2% 36.5%
2018 21% 25.7% 31.7% 36.2%
2017 20.6% 24.8% 31% 37.1%
2016 20.5% 23.9% 31.8% 39.5%
2015 22% 23.7% 34.2% 39.4%
2014 22.4% 20.5% 33.8% 40.5%
2013 21.5% 19.9% 34.2% 39.3%
2012 20.3% 20.7% 33.5% 36.2%
2011 19.8% 23.1% 35% 32.6%
2010 21% 25.1% 37.4% 30.2%
2009 21.3% 28.2% 36.3% 22.5%
2008 19.9% 28.1% 35.3% 13%
2007 18.6% 31.9% 34.6% 12.4%
2006 19.2% 34.9% 33.9% 12.7%
2005 20.4% 40.4% 32.3% 17.8%
2004 19.6% 46.7% 33.7% 21.3%
2003 20.1% 49.4% 31.8% 24.9%
2002 19.6% 45.5% 32.1% 27.4%
2001 20.9% 43.8% 33.2% 27.4%
2000 21.7% 44.9% 35% 29.6%
1999 17.8% 41.1% 35.1% 21.7%
1998 16.3% 36.8% 34.7% 16.5%
1997 15.6% 34.5% 33.5% 15%
1996 16.5% 37.4% 33.5% 11%
1995 17.5% 36.8% 34.4% 6.91%
1994 16.9% 41.9% 33.1% -
1993 18.2% 49.9% 33.5% -
1992 19.1% 46.8% 41.5% -
1991 15.7% 48.3% 38.3% -
1990 20.4% 56.3% 38.4% -
1989 12.1% 34.9% 40.1% -
1988 12.8% 42.8% 36.6% -
1987 15.5% 39.1% 40.7% -
1986 16.6% 48.6% 42.5% -
1985 17.2% 63.4% 41.6% -
1984 18.3% 56.7% 28.6% -
1983 19.4% 56.2% 25.8% -
1982 17.6% 34.2% 28.5% -
1981 18.4% 30.6% 30.4% -
1980 19.3% 36.3% 33.6% -
1979 16.4% 45.9% 42% -
1978 19% 56% 42.1% -
1977 19.4% 44.8% 39.9% -
1976 21.1% 34.5% 37.5% -
1975 19.8% 27% 40.6% -
1974 17.7% 24% 37.6% -
1973 19.5% 22.6% 32.6% -
1972 15.3% 20.6% 29.9% -
1971 15% 19% 27.2% -
1970 14.3% 20% 28.1% -
1969 16.4% - 32.1% -
1968 18.4% 15.2% 31.8% -
1967 19.1% 12.1% 30.6% -
1966 18.6% 17% 27.3% -
1965 18.7% 14.5% 25.6% -
1964 16.9% 14.1% 25.1% -
1963 16.2% - 23.1% -
1962 14.6% - 43.4% -
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/romania | CC BY

In 2024, Peru's government spending was $64.4B, accounting for 22.3% of its GDP, while Romania spent $153B, or 39.9% of GDP.

Debt-to-GDP ratio is 32.2% in Peru and 57.4% in Romania, ranking 154/185 and 87/185, respectively.

Government deficit by year

Deficit/surplus
Peru

Romania
1x
Year Deficit/surplus, % of GDP
Peru Romania
2024 -3.54% -8.68%
2023 -2.78% -5.61%
2022 -1.38% -5.83%
2021 -2.49% -6.7%
2020 -8.16% -9.54%
2019 -1.37% -4.55%
2018 -1.94% -2.74%
2017 -2.79% -2.86%
2016 -2.12% -2.5%
2015 -2.02% -1.35%
2014 -0.19% -1.76%
2013 0.75% -2.44%
2012 2.07% -2.39%
2011 2.05% -4.14%
2010 -0.02% -6.22%
2009 -1.48% -6.86%
2008 2.48% -4.6%
2007 3.35% -3.05%
2006 2.03% -1.36%
2005 -0.44% -0.69%
2004 -1.03% -3.39%
2003 -1.62% -2.29%
2002 -1.4% -2.59%
2001 -2.15% -3.2%
2000 -2.12% -3.99%
1999 -2.93% -3.58%
1998 -0.2% -5.33%
1997 0.47% -5.19%
1996 -0.25% -4.74%
1995 -2.05% -3.32%
1994 -1.9% -2.2%
1993 -2.82% -0.35%
1992 -3.55% -4.55%
1991 -1.98% 3.23%
1990 -7.99% 1.03%
1989 -1.3% -2.87%
1988 -3.57% 8.4%
1987 -6.26% 2.37%
1986 -4.08% 5.72%
1985 -2.41% 6.36%
1984 -4.45% 15.2%
1983 -7.52% 9.35%
1982 -3.22% 0.36%
1981 -3.98% 0.61%
1980 -2.36% -1.95%
1979 -0.54% 0%
1978 -5.07% 0%
1977 -6.52% 0.23%
1976 -8.37% 0.66%
1975 -6.54% 0.41%
1974 -4.47% 0.51%
1973 -6.68% 1.53%
1972 -2.04% 1.21%
1971 -1.89% 0.89%
1970 -0.42% 0.52%
1969 -1.1% 0.93%
1968 -3.28% 1.65%
1967 -3.76% 1.23%
1966 -5.41% 0.91%
1965 -4.79% -1.29%
1964 -3.37% -3.11%
1963 -1.86% -1.61%
1962 2.16% -4.86%
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/romania | 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 Romania's deficit of $33.2B, or 8.68% of GDP.

Over the past 38 years, Peru recorded a fiscal deficit in 31 of those years, while Romania ran a deficit in 34 years. On average, Peru posted an annual deficit equal to 1.6% of GDP, compared to deficit of 3.06% of GDP for Romania.

Inflation comparison by year

Inflation
Peru

Romania
1x
Year Consumer prices inflation
Peru Romania
2024 2.01% 5.6%
2023 6.46% 10.4%
2022 8.33% 13.8%
2021 4.27% 5%
2020 2% 2.6%
2019 2.25% 3.8%
2018 1.51% 4.6%
2017 2.99% 1.3%
2016 3.56% -1.6%
2015 3.4% -0.6%
2014 3.41% 1.1%
2013 2.77% 4%
2012 3.61% 3.3%
2011 3.37% 5.8%
2010 1.53% 6.1%
2009 2.94% 5.6%
2008 5.79% 7.8%
2007 1.78% 4.8%
2006 2% 6.6%
2005 1.62% 9%
2004 3.66% 11.9%
2003 2.26% 15.4%
2002 0.19% 22.5%
2001 1.98% 34.5%
2000 3.76% 45.7%
1999 3.47% 45.8%
1998 7.25% 59.1%
1997 8.56% 154.8%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Peru has recorded an average annual inflation rate of 3.45%, compared with 17.5% in Romania. In 2024, inflation was 2.01% in Peru and 5.6% in Romania.

Top exports between countries

Peru
Export category Export value
Metals $8.09M
Wood & paper products $1.3M
Textiles & consumer goods $1.08M
Chemicals & pharma $781K
Raw agricultural goods $655K
Processed food, beverages & tobacco $371K
Raw materials & minerals $253K
Animal & marine products $212K
Precious metals & jewellery $41K
Machinery & equipment $34K
Romania
Export category Export value
Machinery & equipment $1.85M
Raw materials & minerals $449K
Processed food, beverages & tobacco $423K
Chemicals & pharma $404K
Textiles & consumer goods $229K
Metals $66K
Wood & paper products $33K
Miscellaneous $1K
Precious metals & jewellery $1K

Balance of trade

Peru Romania
Current account balance
$6.39B
2024
-$31.2B
2024
Current account balance ranking
29/190
2024
185/190
2024
Current account balance, % of GDP
+2.21%
2024
-8.16%
2024
Goods imports
$52.1B
2024
$129B
2024
Goods exports
$76.2B
2024
$93.3B
2024
Service imports
$15.1B
2024
$30.2B
2024
Service exports
$7.15B
2024
$42.9B
2024
Imports of goods and services, % of GDP
22.9%
2024
41.6%
2024
Exports of goods and services, % of GDP
28.5%
2024
35.6%
2024

Economic freedom indices

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

Peru Romania
Economic freedom 66.3 65.4
Economic freedom ranking 62/197 64/197
Property rights 44 81
Government integrity 35 50
Judicial effectiveness 47.8 67
Tax burden 79.4 89.1
Government spending 84.8 56.7
Fiscal health 87.4 21.4
Business freedom 73.1 74.4
Labor freedom 64.7 63.6
Monetary freedom 77.6 72.7
Trade freedom 81.6 79.4
Investment freedom 60 70
Financial freedom 60 60

Economic freedom comparison by year

Peru
Romania
1x
Year Economic freedom index
Peru Romania
2026 66.3 65.4
2025 65.9 66.5
2024 64.8 64.4
2023 66.5 64.5
2022 66.5 67.1
2021 67.7 69.5
2020 67.9 69.7
2019 67.8 68.6
2018 68.7 69.4
2017 68.9 69.7
2016 67.4 65.6
2015 67.7 66.6
2014 67.4 65.5
2013 68.2 65.1
2012 68.7 64.4
2011 68.6 64.7
2010 67.6 64.2
2009 64.6 63.2
2008 63.8 61.7
2007 62.7 61.2
2006 60.5 58.2
2005 61.3 52.1
2004 64.7 50
2003 64.6 50.6
2002 64.8 48.7
2001 69.6 50
2000 68.7 52.1
1999 69.2 50.1
1998 65 54.4
1997 63.8 50.8
1996 62.5 46.2
1995 56.9 42.9

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

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

The Economic Freedom Index for Peru is 66.3, ranking 62/197, compared to 65.4 for Romania, ranking 64/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Peru Romania
Services, % of GDP
51.3%
2024
62.6%
2024
Industry, % of GDP
34%
2024
25.3%
2024
Agriculture, forestry, and fishing, % of GDP
7.34%
2024
2.81%
2024
GNI, Atlas method
$257B
2024
$335B
2024
GNI per capita, PPP
$16,780
2024
$47,920
2024
Total reserves including gold
$79.2B
2024
$73.4B
2024
Total reserves ranking
33/177
2024
35/177
2024
Net foreign direct investment
-$5.63B
2024
-$5.17B
2024
Net inflows of foreign direct investment
$6.8B
2024
$7.16B
2024
Net outflows of foreign direct investment
$1.17B
2024
$1.99B
2024
Servicing debt to the IMF, % of GNI
5.58%
2024
n/a
Poverty at national poverty lines
27.6%
2024
19%
2023
Gross capital formation, % of GDP
19.4%
2024
25%
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/peru/romania | 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 (2022–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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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.