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Economy of Peru vs Senegal compared: GDP & Debt

Updated on by Georank team

Peru has a GDP of $289B compared to $32.8B for Senegal, ranking 49/197 and 109/197 by economy size, respectively.

Peru has $93B in government debt (32.2% of GDP), compared to $42.1B (128.4% of GDP) in Senegal.

Peru vs Senegal GDP by year

Peru
Senegal
1x
Year GDP, current $
Peru Senegal
2024 $289,221,969,063 $32,808,056,601
2023 $266,958,720,838 $30,696,331,296
2022 $246,065,570,308 $27,783,332,223
2021 $226,328,766,460 $27,520,784,130
2020 $201,409,694,756 $24,530,513,038
2019 $228,346,006,004 $23,403,995,992
2018 $222,597,009,739 $23,116,701,556
2017 $211,007,984,081 $20,996,562,944
2016 $191,898,104,390 $19,040,312,333
2015 $189,802,976,286 $17,774,766,696
2014 $200,786,250,583 $19,797,253,440
2013 $201,175,543,571 $18,918,667,725
2012 $192,650,021,649 $17,660,870,412
2011 $171,761,737,047 $17,814,283,639
2010 $147,527,631,521 $16,121,315,909
2009 $120,822,986,521 $16,145,867,495
2008 $120,550,599,815 $16,853,989,628
2007 $102,170,981,144 $13,994,218,413
2006 $88,643,193,062 $11,697,918,243
2005 $76,060,606,061 $11,009,033,438
2004 $66,768,703,498 $10,076,816,667
2003 $58,731,030,122 $8,768,721,563
2002 $54,777,553,515 $7,006,402,320
2001 $52,030,158,775 $6,507,824,829
2000 $51,744,749,133 $6,013,185,004
1999 $50,187,324,568 $6,592,834,933
1998 $55,501,467,877 $6,505,607,909
1997 $58,147,522,523 $6,041,478,726
1996 $55,252,414,130 $6,559,712,166
1995 $53,312,793,687 $6,326,342,633
1994 $44,882,079,767 $5,034,588,196
1993 $34,832,077,221 $7,367,986,241
1992 $35,966,302,303 $7,769,817,840
1991 $34,341,465,998 $7,255,210,470
1990 $26,410,386,963 $7,390,967,360
1989 $22,499,558,526 $6,366,039,373
1988 $15,439,408,447 $6,418,419,389
1987 $36,889,706,593 $6,487,353,103
1986 $21,859,448,586 $5,392,093,446
1985 $15,078,736,875 $3,818,944,918
1984 $17,600,400,385 $3,485,165,432
1983 $17,345,260,564 $3,569,356,125
1982 $21,794,535,621 $4,013,951,443
1981 $21,648,214,893 $4,095,892,781
1980 $18,136,838,538 $4,510,108,291
1979 $15,954,012,439 $4,084,877,823
1978 $12,491,876,743 $3,280,354,921
1977 $14,544,913,961 $2,938,046,463
1976 $16,131,958,851 $2,869,777,884
1975 $16,931,162,355 $2,830,388,405
1974 $13,858,441,211 $2,099,325,229
1973 $10,994,381,895 $1,863,398,590
1972 $9,189,413,409 $1,620,857,104
1971 $8,289,582,884 $1,339,549,033
1970 $7,432,223,177 $1,297,407,655
1969 $6,420,909,790 $1,245,234,931
1968 $5,736,083,835 $1,309,384,862
1967 $6,194,340,080 $1,246,480,766
1966 $6,109,048,737 $1,246,908,186
1965 $5,163,008,077 $1,210,058,228
1964 $4,353,664,867 $1,188,930,645
1963 $3,598,272,493 $1,122,139,862
1962 $3,284,322,201 $1,085,475,791
1961 $2,897,852,693 $1,058,975,257
1960 $2,571,986,572 $1,003,692,370

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

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

GDP per capita in Peru vs Senegal by year

Peru
GDP per capita

GDP per capita, PPP
Senegal
GDP per capita

GDP per capita, PPP
1x
Year Current $
Peru Senegal
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $8,452 $17,802 $1,773 $5,071
2023 $7,888 $17,011 $1,698 $4,778
2022 $7,351 $16,669 $1,574 $4,530
2021 $6,826 $15,281 $1,598 $4,174
2020 $6,133 $12,563 $1,461 $3,753
2019 $7,037 $13,564 $1,431 $3,648
2018 $6,978 $13,078 $1,453 $3,380
2017 $6,736 $12,592 $1,357 $3,234
2016 $6,217 $12,067 $1,266 $3,101
2015 $6,232 $11,600 $1,218 $2,994
2014 $6,667 $11,518 $1,399 $2,854
2013 $6,747 $11,291 $1,380 $2,769
2012 $6,519 $10,757 $1,327 $2,764
2011 $5,861 $10,463 $1,375 $2,685
2010 $5,072 $9,713 $1,276 $2,663
2009 $4,181 $8,917 $1,309 $2,606
2008 $4,198 $8,820 $1,399 $2,581
2007 $3,581 $7,982 $1,189 $2,499
2006 $3,130 $7,214 $1,017 $2,422
2005 $2,707 $6,560 $980 $2,350
2004 $2,397 $6,038 $918 $2,236
2003 $2,129 $5,657 $818 $2,131
2002 $2,007 $5,383 $669 $2,027
2001 $1,930 $5,086 $637 $2,044
2000 $1,945 $5,012 $603 $1,963
1999 $1,917 $4,847 $678 $1,893
1998 $2,156 $4,791 $685 $1,798
1997 $2,301 $4,844 $651 $1,719
1996 $2,227 $4,556 $723 $1,679
1995 $2,190 $4,435 $715 $1,656
1994 $1,879 $4,123 $584 $1,578
1993 $1,488 $3,666 $878 $1,588
1992 $1,567 $3,472 $951 $1,573
1991 $1,527 $3,484 $913 $1,561
1990 $1,200 $3,367 $957 $1,513
1989 $1,045 - $849 -
1988 $733 - $880 -
1987 $1,792 - $916 -
1986 $1,087 - $784 -
1985 $767 - $571 -
1984 $918 - $536 -
1983 $927 - $564 -
1982 $1,194 - $652 -
1981 $1,216 - $683 -
1980 $1,045 - $772 -
1979 $942 - $716 -
1978 $756 - $589 -
1977 $903 - $540 -
1976 $1,026 - $541 -
1975 $1,104 - $547 -
1974 $927 - $417 -
1973 $754 - $381 -
1972 $647 - $342 -
1971 $599 - $291.1 -
1970 $550 - $290.5 -
1969 $488 - $287.3 -
1968 $448 - $311 -
1967 $498 - $305 -
1966 $505 - $315 -
1965 $439 - $314 -
1964 $381 - $318 -
1963 $324 - $309 -
1962 $305 - $307 -
1961 $276.6 - $308 -
1960 $252.8 - $300 -

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

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

Peru's GDP per capita is $8,452, ranking 91/197, compared to $1,773 in Senegal, ranking 159/197. Adjusted for purchasing power (GDP per capita PPP), Peru ranks 104th at $17,802, while Senegal ranks 158th at $5,071.

Economic indicators

Peru Senegal
Gross domestic product
$289B
2024
$32.8B
2024
GDP rank
49/197
2024
109/197
2024
GDP growth
3.3%
2023-2024
6.06%
2023-2024
GDP per capita
$8,452
2024
$1,773
2024
GDP per capita rank
91/197
2024
159/197
2024
GDP per capita, PPP
$17,802
2024
$5,071
2024
GDP per capita PPP rank
104/197
2024
158/197
2024
Government debt
$93B
2024
$42.1B
2024
Debt-to-GDP ratio
32.2%
2024
128.4%
2024
Government debt per person
$2,717
2024
$2,277
2024
Government debt per person rank
108/185
2024
115/185
2024
Average annual personal income after taxes
$7,290
2026
$2,194
2026
Market capitalization of domestic companies
$82.2B
2024
n/a
Income share by richest 10%
30.3%
2024
28.8%
2021
Income share by poorest 10%
2%
2024
3%
2021
Government expenditure, % of GDP
22.3%
2024
33.5%
2024
Consumer prices inflation
2.01%
2023-2024
0.8%
2023-2024
Central bank interest rate
4.25%
2025
n/a
Unemployment rate
4.86%
2024
5.78%
2024
Population
35031596
19491599

Spending and national debt comparison by year

Peru
Spending

Debt
Senegal
Spending

Debt
1x
Year % of GDP
Peru Senegal
Government spending Government debt Government spending Government debt
2024 22.3% 32.2% 33.5% 128.4%
2023 22.1% 32.4% 35.5% 118.4%
2022 23.1% 33.5% 36.2% 105%
2021 23.1% 35.5% 33.6% 98.6%
2020 25.6% 34.3% 29.6% 90.2%
2019 20.8% 26.5% 34.3% 81.5%
2018 21% 25.7% 22.6% 61.5%
2017 20.6% 24.8% 22.5% 61.1%
2016 20.5% 23.9% 24% 47.5%
2015 22% 23.7% 22.9% 44.5%
2014 22.4% 20.5% 23.1% 42.4%
2013 21.5% 19.9% 22.1% 36.9%
2012 20.3% 20.7% 23% 34.5%
2011 19.8% 23.1% 23.3% 32.9%
2010 21% 25.1% 21.7% 34.6%
2009 21.3% 28.2% 21.1% 29.9%
2008 19.9% 28.1% 20.9% 19.1%
2007 18.6% 31.9% 22.2% 19%
2006 19.2% 34.9% 21.3% 17.5%
2005 20.4% 40.4% 18.7% 36.1%
2004 19.6% 46.7% 18.1% 38%
2003 20.1% 49.4% 17.1% 42.9%
2002 19.6% 45.5% 15.5% 52%
2001 20.9% 43.8% 15.7% 53.2%
2000 21.7% 44.9% 14% 57.5%
1999 17.8% 41.1% 14.6% 15%
1998 16.3% 36.8% 13.5% 18.8%
1997 15.6% 34.5% 14.1% 67.8%
1996 16.5% 37.4% 15.4% 0.07%
1995 17.5% 36.8% 14.4% 65.3%
1994 16.9% 41.9% 15.9% 77.3%
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 (1994–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

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

In 2024, Peru's government spending was $64.4B, accounting for 22.3% of its GDP, while Senegal spent $11B, or 33.5% of GDP.

Debt-to-GDP ratio is 32.2% in Peru and 128.4% in Senegal, ranking 154/185 and 11/185, respectively.

Government deficit by year

Deficit/surplus
Peru

Senegal
1x
Year Deficit/surplus, % of GDP
Peru Senegal
2024 -3.54% -13.4%
2023 -2.78% -14.8%
2022 -1.38% -16.1%
2021 -2.49% -13.7%
2020 -8.16% -9.64%
2019 -1.37% -13.9%
2018 -1.94% -3.66%
2017 -2.79% -2.97%
2016 -2.12% -3.27%
2015 -2.02% -3.66%
2014 -0.19% -3.9%
2013 0.75% -4.34%
2012 2.07% -4.18%
2011 2.05% -4.92%
2010 -0.02% -3.94%
2009 -1.48% -3.66%
2008 2.48% -3.53%
2007 3.35% -2.8%
2006 2.03% -3.67%
2005 -0.44% -0.26%
2004 -1.03% 0.18%
2003 -1.62% -0.52%
2002 -1.4% 0.19%
2001 -2.15% -1.44%
2000 -2.12% 0.78%
1999 -2.93% -0.62%
1998 -0.2% 0.93%
1997 0.47% 0.98%
1996 -0.25% 0.92%
1995 -2.05% 2.41%
1994 -1.9% 5.9%
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 (1994–2024, retrieved 2026-02-20).

GeoRank.org/economy/peru/senegal | 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 Senegal's deficit of $4.4B, or 13.4% of GDP.

Over the past 31 years, Peru recorded a fiscal deficit in 24 of those years, while Senegal ran a deficit in 23 years. On average, Peru posted an annual deficit equal to 1.07% of GDP, compared to deficit of 3.89% of GDP for Senegal.

Inflation comparison by year

Inflation
Peru

Senegal
1x
Year Consumer prices inflation
Peru Senegal
2024 2.01% 0.8%
2023 6.46% 5.94%
2022 8.33% 9.7%
2021 4.27% 2.18%
2020 2% 2.54%
2019 2.25% 1.76%
2018 1.51% 0.46%
2017 2.99% 1.32%
2016 3.56% 0.84%
2015 3.4% 0.14%
2014 3.41% -1.09%
2013 2.77% 0.71%
2012 3.61% 1.42%
2011 3.37% 3.4%
2010 1.53% 1.23%
2009 2.94% -2.25%
2008 5.79% 7.35%
2007 1.78% 5.85%
2006 2% 2.11%
2005 1.62% 1.71%
2004 3.66% 0.51%
2003 2.26% -0.05%
2002 0.19% 2.34%
2001 1.98% 2.97%
2000 3.76% 0.73%
1999 3.47% 0.83%
1998 7.25% 1.16%
1997 8.56% 1.75%

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

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

Over the past 28 years, Peru has recorded an average annual inflation rate of 3.45%, compared with 2.01% in Senegal. In 2024, inflation was 2.01% in Peru and 0.8% in Senegal.

Top exports between countries

Peru
Export category Export value
Metals $1.04M
Processed food, beverages & tobacco $243K
Chemicals & pharma $226K
Raw agricultural goods $210K
Machinery & equipment $165K
Animal & marine products $129K
Wood & paper products $43K
Raw materials & minerals $35K
Senegal
Export category Export value
Animal & marine products $733K

Balance of trade

Peru Senegal
Current account balance
$6.39B
2024
-$6.07B
2023
Current account balance ranking
29/190
2024
170/190
2023
Current account balance, % of GDP
+2.21%
2024
-19.8%
2023
Goods imports
$52.1B
2024
$10.8B
2023
Goods exports
$76.2B
2024
$5.52B
2023
Service imports
$15.1B
2024
$4.08B
2023
Service exports
$7.15B
2024
$1.48B
2023
Imports of goods and services, % of GDP
22.9%
2024
43.4%
2024
Exports of goods and services, % of GDP
28.5%
2024
24.7%
2024

Economic freedom indices

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

Peru Senegal
Economic freedom 66.3 53.2
Economic freedom ranking 62/197 140/197
Property rights 44 57.4
Government integrity 35 47.3
Judicial effectiveness 47.8 50.5
Tax burden 79.4 68.8
Government spending 84.8 63.1
Fiscal health 87.4 0
Business freedom 73.1 55.2
Labor freedom 64.7 54.4
Monetary freedom 77.6 74.3
Trade freedom 81.6 67
Investment freedom 60 60
Financial freedom 60 40

Economic freedom comparison by year

Peru
Senegal
1x
Year Economic freedom index
Peru Senegal
2026 66.3 53.2
2025 65.9 56.4
2024 64.8 55.4
2023 66.5 57.7
2022 66.5 60
2021 67.7 58
2020 67.9 58
2019 67.8 56.3
2018 68.7 55.7
2017 68.9 55.9
2016 67.4 58.1
2015 67.7 57.8
2014 67.4 55.4
2013 68.2 55.5
2012 68.7 55.4
2011 68.6 55.7
2010 67.6 54.6
2009 64.6 56.3
2008 63.8 58.3
2007 62.7 58.1
2006 60.5 56.2
2005 61.3 57.9
2004 64.7 58.9
2003 64.6 58.1
2002 64.8 58.6
2001 69.6 58.7
2000 68.7 58.9
1999 69.2 60.6
1998 65 59.7
1997 63.8 58.1
1996 62.5 58.2
1995 56.9 -

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

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

The Economic Freedom Index for Peru is 66.3, ranking 62/197, compared to 53.2 for Senegal, ranking 140/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Peru Senegal
Services, % of GDP
51.3%
2024
48.4%
2024
Industry, % of GDP
34%
2024
25%
2024
Agriculture, forestry, and fishing, % of GDP
7.34%
2024
16.6%
2024
GNI, Atlas method
$257B
2024
$31.1B
2024
GNI per capita, PPP
$16,780
2024
$4,920
2024
Total reserves including gold
$79.2B
2024
n/a
Total reserves ranking
33/177
2024
n/a
Net foreign direct investment
-$5.63B
2024
-$4.72B
2023
Net inflows of foreign direct investment
$6.8B
2024
$2.02B
2024
Net outflows of foreign direct investment
$1.17B
2024
$48.1M
2024
Servicing debt to the IMF, % of GNI
5.58%
2024
10.8%
2024
Poverty at national poverty lines
27.6%
2024
37.5%
2021
Gross capital formation, % of GDP
19.4%
2024
37.5%
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/senegal | 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 (1994–2024, 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 (2020–2024, 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.