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Economy of Peru vs Rwanda compared: GDP & Debt

Updated on by Georank

Peru has a GDP of $335B compared to $16.4B for Rwanda, ranking 47/197 and 142/197 by economy size, respectively.

Peru has $101B in government debt (30.2% of GDP), compared to $10.6B (64.6% of GDP) in Rwanda.

Peru vs Rwanda GDP by year

Peru
Rwanda
1x
Year GDP, current $
Peru Rwanda
2025 $334,854,659,182 $16,372,132,990
2024 $291,751,523,019 $15,111,064,182
2023 $268,025,009,709 $14,806,501,437
2022 $246,169,867,863 $13,747,404,814
2021 $226,406,075,009 $11,252,894,910
2020 $201,409,694,756 $10,487,146,253
2019 $228,346,006,004 $10,519,272,170
2018 $222,597,009,739 $9,650,161,136
2017 $211,007,984,081 $9,164,345,443
2016 $191,898,104,390 $8,596,812,241
2015 $189,802,976,286 $8,447,064,079
2014 $200,786,250,583 $8,129,984,484
2013 $201,175,543,571 $7,714,276,920
2012 $192,650,021,649 $7,556,673,276
2011 $171,761,737,047 $6,802,676,034
2010 $147,527,631,521 $6,052,276,078
2009 $120,822,986,521 $5,603,399,015
2008 $120,550,599,815 $5,120,655,375
2007 $102,170,981,144 $4,017,977,507
2006 $88,643,193,062 $3,274,207,945
2005 $76,060,606,061 $2,933,819,766
2004 $66,768,703,498 $2,376,496,067
2003 $58,731,030,122 $2,138,237,279
2002 $54,777,553,515 $1,966,003,468
2001 $52,030,158,775 $1,966,600,715
2000 $51,744,749,133 $2,068,836,754
1999 $50,187,324,568 $2,157,108,263
1998 $55,501,467,877 $1,989,343,546
1997 $58,147,522,523 $1,851,558,197
1996 $55,252,414,130 $1,382,334,879
1995 $53,312,793,687 $1,293,535,193
1994 $44,882,079,767 $753,636,370
1993 $34,832,077,221 $1,971,525,712
1992 $35,966,302,303 $2,029,026,962
1991 $34,341,465,998 $1,911,600,237
1990 $26,410,386,963 $2,550,185,679
1989 $22,499,558,526 $2,405,022,593
1988 $15,439,408,447 $2,395,492,687
1987 $36,889,706,593 $2,157,432,668
1986 $21,859,448,586 $1,944,710,684
1985 $15,078,736,875 $1,715,626,331
1984 $17,600,400,385 $1,587,413,084
1983 $17,345,260,564 $1,479,687,587
1982 $21,794,535,621 $1,407,243,139
1981 $21,648,214,893 $1,407,062,527
1980 $18,136,838,538 $1,254,765,642
1979 $15,954,012,439 $1,109,346,131
1978 $12,491,876,743 $905,709,076
1977 $14,544,913,961 $746,650,613
1976 $16,131,958,851 $637,753,853
1975 $16,931,162,355 $571,863,500
1974 $13,858,441,211 $308,458,423
1973 $10,994,381,895 $290,746,157
1972 $9,189,413,409 $246,457,838
1971 $8,289,582,884 $222,952,504
1970 $7,432,223,177 $219,900,006
1969 $6,420,909,790 $188,700,037
1968 $5,736,083,835 $172,200,018
1967 $6,194,340,080 $159,560,018
1966 $6,109,048,737 $124,525,703
1965 $5,163,008,077 $148,799,980
1964 $4,353,664,867 $129,999,994
1963 $3,598,272,493 $128,000,000
1962 $3,284,322,201 $125,000,008
1961 $2,897,852,693 $122,000,016
1960 $2,571,986,572 $119,000,024

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Peru vs Rwanda by year

Peru
GDP per capita

GDP per capita, PPP
Rwanda
GDP per capita

GDP per capita, PPP
1x
Year Current $
Peru Rwanda
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $9,684 - $1,124 -
2024 $8,526 $17,802 $1,060 $3,711
2023 $7,919 $17,011 $1,061 $3,399
2022 $7,354 $16,669 $1,007 $3,099
2021 $6,829 $15,281 $843 $2,733
2020 $6,133 $12,563 $803 $2,285
2019 $7,037 $13,564 $823 $2,336
2018 $6,978 $13,078 $773 $2,125
2017 $6,736 $12,592 $751 $1,968
2016 $6,217 $12,067 $721 $1,866
2015 $6,232 $11,600 $726 $1,781
2014 $6,667 $11,518 $715 $1,678
2013 $6,747 $11,291 $695 $1,512
2012 $6,519 $10,757 $698 $1,455
2011 $5,861 $10,463 $643 $1,413
2010 $5,072 $9,713 $587 $1,314
2009 $4,181 $8,917 $557 $1,241
2008 $4,198 $8,820 $522 $1,191
2007 $3,581 $7,982 $421 $1,079
2006 $3,130 $7,214 $352 $1,002
2005 $2,707 $6,560 $324 $914
2004 $2,397 $6,038 $269.5 $832
2003 $2,129 $5,657 $249 $775
2002 $2,007 $5,383 $234 $760
2001 $1,930 $5,086 $237.3 $670
2000 $1,945 $5,012 $251.9 $609
1999 $1,917 $4,847 $264.7 $554
1998 $2,156 $4,791 $246.2 $528
1997 $2,301 $4,844 $238.7 $500
1996 $2,227 $4,556 $206 $499
1995 $2,190 $4,435 $228 $514
1994 $1,879 $4,123 $111 $311
1993 $1,488 $3,666 $247 $521
1992 $1,567 $3,472 $264.1 $575
1991 $1,527 $3,484 $254 $542
1990 $1,200 $3,367 $346 $549
1989 $1,045 - $335 -
1988 $733 - $344 -
1987 $1,792 - $320 -
1986 $1,087 - $297.7 -
1985 $767 - $271.6 -
1984 $918 - $259.9 -
1983 $927 - $250.6 -
1982 $1,194 - $246.4 -
1981 $1,216 - $254.6 -
1980 $1,045 - $234.4 -
1979 $942 - $213.8 -
1978 $756 - $179.9 -
1977 $903 - $152.7 -
1976 $1,026 - $134.4 -
1975 $1,104 - $124.1 -
1974 $927 - $68.9 -
1973 $754 - $66.9 -
1972 $647 - $58.4 -
1971 $599 - $54.4 -
1970 $550 - $55.2 -
1969 $488 - $48.9 -
1968 $448 - $46 -
1967 $498 - $44 -
1966 $505 - $35.4 -
1965 $439 - $43.5 -
1964 $381 - $39 -
1963 $324 - $39.3 -
1962 $305 - $39.2 -
1961 $276.6 - $39.3 -
1960 $252.8 - $39.4 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Peru's GDP per capita is $9,684, ranking 90/197, compared to $1,124 in Rwanda, ranking 178/197. Adjusted for purchasing power (GDP per capita PPP), Peru ranks 104th at $17,802, while Rwanda ranks 168th at $3,711.

Economic indicators

Peru Rwanda
Gross domestic product
$335B
2025
$16.4B
2025
GDP rank
47/197
2025
142/197
2025
GDP growth
3.43%
2024-2025
9.38%
2024-2025
GDP per capita
$9,684
2025
$1,124
2025
GDP per capita rank
90/197
2025
178/197
2025
GDP per capita, PPP
$17,802
2024
$3,711
2024
GDP per capita PPP rank
104/197
2024
168/197
2024
Government debt
$101B
2025
$10.6B
2025
Debt-to-GDP ratio
30.2%
2025
64.6%
2025
Government debt per person
$2,927
2025
$726
2025
Government debt per person rank
107/185
2025
155/185
2025
Average annual personal income after taxes
$7,143
2026
$1,614
2026
Market capitalization of domestic companies
$105B
2025
$3.2B
2025
Income share by richest 10%
30.3%
2024
33.4%
2023
Income share by poorest 10%
2%
2024
3.1%
2023
Government expenditure, % of GDP
21.4%
2025
24.1%
2025
Consumer prices inflation
1.53%
2024-2025
5.91%
2024-2025
Central bank interest rate
4.25%
2025
6.75%
2025
Unemployment rate
4.32%
2025
5.36%
2025
Population
35105331
15062056

Spending and national debt comparison by year

Peru
Spending

Debt
Rwanda
Spending

Debt
1x
Year % of GDP
Peru Rwanda
Government spending Government debt Government spending Government debt
2025 21.4% 30.2% 24.1% 64.6%
2024 22.2% 32.1% 27.1% 63.4%
2023 22.1% 32.4% 26.2% 61.4%
2022 23.1% 33.5% 28.7% 59%
2021 23.1% 35.5% 31% 66.2%
2020 25.7% 34.3% 32.5% 66.7%
2019 20.8% 26.5% 27.7% 52.8%
2018 21% 25.7% 26.3% 49.2%
2017 20.6% 24.8% 25.3% 46.1%
2016 20.5% 23.9% 25.4% 41.5%
2015 22% 23.7% 26.9% 33.5%
2014 22.4% 20.5% 27.8% 29.5%
2013 21.5% 19.9% 26.5% 27%
2012 20.3% 20.7% 24.9% 19.3%
2011 19.8% 23.1% 25% 18.9%
2010 21% 25.1% 24.1% 19%
2009 21.3% 28.2% 22.6% 18.7%
2008 19.9% 28.1% 22.7% 18.5%
2007 18.6% 31.9% 22.7% 22.4%
2006 19.2% 34.9% 20.9% 22.8%
2005 20.4% 40.4% 20.2% 59.8%
2004 19.6% 46.7% 18.1% 82.1%
2003 20.1% 49.4% 18.8% 80.7%
2002 19.6% 45.5% 20.7% 93.4%
2001 20.9% 43.8% 19.3% 85.2%
2000 21.7% 44.9% 18.5% 87.2%
1999 17.8% 41.1% 22.7% 79.5%
1998 16.3% 36.8% 16.6% 71.1%
1997 15.6% 34.5% 17.2% 73.3%
1996 16.5% 37.4% 19.8% 84.6%
1995 17.5% 36.8% 18.3% 102.2%
1994 16.9% 41.9% 13.5% -
1993 18.2% 49.9% 20.6% -
1992 19.1% 46.8% 21.8% -
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 (1992–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08).

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

In 2025, Peru's government spending was $71.7B, accounting for 21.4% of its GDP, while Rwanda spent $3.95B, or 24.1% of GDP.

Debt-to-GDP ratio is 30.2% in Peru and 64.6% in Rwanda, ranking 154/185 and 68/185, respectively.

Government deficit by year

Deficit/surplus
Peru

Rwanda
1x
Year Deficit/surplus, % of GDP
Peru Rwanda
2025 -2.36% -4.49%
2024 -3.53% -6.19%
2023 -2.74% -4.88%
2022 -1.38% -5.56%
2021 -2.49% -6.89%
2020 -8.19% -9.26%
2019 -1.37% -5%
2018 -1.94% -2.57%
2017 -2.79% -2.54%
2016 -2.12% -2.3%
2015 -2.02% -2.71%
2014 -0.19% -3.97%
2013 0.75% -1.29%
2012 2.07% -2.41%
2011 2.05% -0.87%
2010 -0.02% -0.65%
2009 -1.48% 0.26%
2008 2.48% 0.84%
2007 3.35% -1.58%
2006 2.03% -0.03%
2005 -0.44% 1.14%
2004 -1.03% 2.31%
2003 -1.62% -1.25%
2002 -1.4% -2.06%
2001 -2.15% -1.83%
2000 -2.12% -0.22%
1999 -2.93% -4.48%
1998 -0.2% -2.63%
1997 0.47% -2.25%
1996 -0.25% -5.08%
1995 -2.05% -2.07%
1994 -1.9% -9.68%
1993 -2.82% -6.7%
1992 -3.55% -7.31%
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 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1992–2025, retrieved 2026-07-08).

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

In 2025, Peru's government deficit, the difference between spending and revenue, was $7.9B, equivalent to 2.36% of GDP. This compares to Rwanda's deficit of $736M, or 4.49% of GDP.

Over the past 34 years, Peru recorded a fiscal deficit in 27 of those years, while Rwanda ran a deficit in 30 years. On average, Peru posted an annual deficit equal to 1.23% of GDP, compared to deficit of 3.06% of GDP for Rwanda.

Inflation comparison by year

Inflation
Peru

Rwanda
1x
Year Consumer prices inflation
Peru Rwanda
2025 1.53% 5.91%
2024 2.01% 1.77%
2023 6.46% 19.8%
2022 8.33% 17.7%
2021 4.27% -0.39%
2020 2% 9.85%
2019 2.25% 3.35%
2018 1.51% -0.31%
2017 2.99% 8.28%
2016 3.56% 7.17%
2015 3.4% 2.53%
2014 3.41% 2.35%
2013 2.77% 5.92%
2012 3.61% 10.3%
2011 3.37% 3.08%
2010 1.53% -0.25%
2009 2.94% 12.9%
2008 5.79% 15.4%
2007 1.78% 9.08%
2006 2% 8.88%
2005 1.62% 9.01%
2004 3.66% 12.3%
2003 2.26% 7.45%
2002 0.19% 1.99%
2001 1.98% 3.34%
2000 3.76% 3.9%
1999 3.47% -2.41%
1998 7.25% 6.21%
1997 8.56% 12%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Peru has recorded an average annual inflation rate of 3.39%, compared with 6.8% in Rwanda. In 2025, inflation was 1.53% in Peru and 5.91% in Rwanda.

Top exports between countries

Peru
Export category Export value
Machinery & equipment $38K
Raw materials & minerals $3K
Chemicals & pharma $1K
Metals $1K
Textiles & consumer goods $1K
Rwanda
Export category Export value

Balance of trade

Peru Rwanda
Current account balance
$12B
2025
-$1.81B
2024
Current account balance ranking
23/190
2025
136/190
2024
Current account balance, % of GDP
+3.58%
2025
-12%
2024
Goods imports
$58.6B
2025
$5.55B
2024
Goods exports
$94B
2025
$3.2B
2024
Service imports
$15.9B
2025
$991M
2024
Service exports
$7.64B
2025
$1.08B
2024
Imports of goods and services, % of GDP
21.8%
2025
35.1%
2025
Exports of goods and services, % of GDP
30%
2025
21.6%
2025

Economic freedom indices

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

Peru Rwanda
Economic freedom 66.3 56.5
Economic freedom ranking 62/197 121/197
Property rights 44 60.3
Government integrity 35 53.9
Judicial effectiveness 47.8 27.5
Tax burden 79.4 80.6
Government spending 84.8 75.7
Fiscal health 87.4 37.5
Business freedom 73.1 60.1
Labor freedom 64.7 49.1
Monetary freedom 77.6 72.3
Trade freedom 81.6 61.8
Investment freedom 60 60
Financial freedom 60 40

Economic freedom comparison by year

Peru
Rwanda
1x
Year Economic freedom index
Peru Rwanda
2026 66.3 56.5
2025 65.9 54.8
2024 64.8 51.6
2023 66.5 52.2
2022 66.5 57.1
2021 67.7 68.3
2020 67.9 70.9
2019 67.8 71.1
2018 68.7 69.1
2017 68.9 67.6
2016 67.4 63.1
2015 67.7 64.8
2014 67.4 64.7
2013 68.2 64.1
2012 68.7 64.9
2011 68.6 62.7
2010 67.6 59.1
2009 64.6 54.2
2008 63.8 54.2
2007 62.7 52.4
2006 60.5 52.8
2005 61.3 51.7
2004 64.7 53.3
2003 64.6 47.8
2002 64.8 50.4
2001 69.6 45.4
2000 68.7 42.3
1999 69.2 39.8
1998 65 39.1
1997 63.8 38.3
1996 62.5 -
1995 56.9 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Peru is 66.3, ranking 62/197, compared to 56.5 for Rwanda, ranking 121/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Peru Rwanda
Services, % of GDP
50.9%
2024
52.3%
2025
Industry, % of GDP
34.3%
2024
22%
2025
Agriculture, forestry, and fishing, % of GDP
7.47%
2024
20.3%
2025
GNI, Atlas method
$291B
2025
$16.7B
2025
GNI per capita, PPP
$17,540
2025
$4,070
2025
Total reserves including gold
$90.4B
2025
$1.96B
2025
Total reserves ranking
32/177
2025
128/177
2025
Net foreign direct investment
-$8.93B
2025
-$560M
2024
Net inflows of foreign direct investment
$6.7B
2024
$573M
2024
Net outflows of foreign direct investment
$1.14B
2024
$13.2M
2024
Servicing debt to the IMF, % of GNI
5.54%
2024
2.91%
2024
Poverty at national poverty lines
27.6%
2024
27.4%
2023
Gross capital formation, % of GDP
20.3%
2025
34.1%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1900–1999, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1992–2025, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2022, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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.