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Economy of Peru vs Sierra Leone compared: GDP & Debt

Updated on by Georank team

Peru has a GDP of $289B compared to $6.97B for Sierra Leone, ranking 49/197 and 160/197 by economy size, respectively.

Peru has $93B in government debt (32.2% of GDP), compared to $2.91B (41.7% of GDP) in Sierra Leone.

Peru vs Sierra Leone GDP by year

Peru
Sierra Leone
1x
Year GDP, current $
Peru Sierra Leone
2024 $289,221,969,063 $6,971,127,235
2023 $266,958,720,838 $6,415,852,767
2022 $246,065,570,308 $7,121,125,278
2021 $226,328,766,460 $7,166,931,485
2020 $201,409,694,756 $6,688,307,703
2019 $228,346,006,004 $6,523,577,594
2018 $222,597,009,739 $6,390,514,689
2017 $211,007,984,081 $5,749,846,528
2016 $191,898,104,390 $6,084,297,211
2015 $189,802,976,286 $6,788,352,975
2014 $200,786,250,583 $7,686,138,791
2013 $201,175,543,571 $7,502,762,863
2012 $192,650,021,649 $6,141,666,509
2011 $171,761,737,047 $4,861,632,885
2010 $147,527,631,521 $4,262,805,967
2009 $120,822,986,521 $3,953,403,098
2008 $120,550,599,815 $4,157,895,298
2007 $102,170,981,144 $3,632,957,611
2006 $88,643,193,062 $3,263,697,467
2005 $76,060,606,061 $2,545,275,313
2004 $66,768,703,498 $2,237,350,687
2003 $58,731,030,122 $2,142,618,046
2002 $54,777,553,515 $1,933,863,911
2001 $52,030,158,775 $1,681,473,894
2000 $51,744,749,133 $635,866,404
1999 $50,187,324,568 $669,386,624
1998 $55,501,467,877 $672,368,187
1997 $58,147,522,523 $850,232,760
1996 $55,252,414,130 $941,709,423
1995 $53,312,793,687 $870,740,292
1994 $44,882,079,767 $911,853,802
1993 $34,832,077,221 $768,867,883
1992 $35,966,302,303 $679,940,814
1991 $34,341,465,998 $779,981,987
1990 $26,410,386,963 $649,644,098
1989 $22,499,558,526 $932,974,420
1988 $15,439,408,447 $1,055,083,933
1987 $36,889,706,593 $660,106,336
1986 $21,859,448,586 $490,181,457
1985 $15,078,736,875 $856,890,459
1984 $17,600,400,385 $1,087,471,862
1983 $17,345,260,564 $995,104,305
1982 $21,794,535,621 $1,295,361,886
1981 $21,648,214,893 $1,114,830,472
1980 $18,136,838,538 $1,100,685,845
1979 $15,954,012,439 $1,109,374,911
1978 $12,491,876,743 $960,728,339
1977 $14,544,913,961 $691,777,584
1976 $16,131,958,851 $594,895,942
1975 $16,931,162,355 $679,336,344
1974 $13,858,441,211 $648,590,643
1973 $10,994,381,895 $575,230,724
1972 $9,189,413,409 $465,381,340
1971 $8,289,582,884 $419,549,305
1970 $7,432,223,177 $434,410,974
1969 $6,420,909,790 $408,690,163
1968 $5,736,083,835 $329,859,732
1967 $6,194,340,080 $348,795,303
1966 $6,109,048,737 $375,479,850
1965 $5,163,008,077 $359,379,856
1964 $4,353,664,867 $371,847,461
1963 $3,598,272,493 $348,547,279
1962 $3,284,322,201 $342,721,416
1961 $2,897,852,693 $327,834,191
1960 $2,571,986,572 $322,009,962

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

GeoRank.org/economy/peru/sierra-leone | CC BY

GDP per capita in Peru vs Sierra Leone by year

Peru
GDP per capita

GDP per capita, PPP
Sierra Leone
GDP per capita

GDP per capita, PPP
1x
Year Current $
Peru Sierra Leone
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $8,452 $17,802 $807 $3,522
2023 $7,888 $17,011 $758 $3,368
2022 $7,351 $16,669 $860 $3,144
2021 $6,826 $15,281 $885 $2,849
2020 $6,133 $12,563 $845 $2,719
2019 $7,037 $13,564 $844 $2,704
2018 $6,978 $13,078 $846 $2,640
2017 $6,736 $12,592 $779 $2,501
2016 $6,217 $12,067 $844 $2,635
2015 $6,232 $11,600 $965 $2,560
2014 $6,667 $11,518 $1,118 $2,762
2013 $6,747 $11,291 $1,117 $2,701
2012 $6,519 $10,757 $938 $2,317
2011 $5,861 $10,463 $761 $2,043
2010 $5,072 $9,713 $685 $1,900
2009 $4,181 $8,917 $653 $1,814
2008 $4,198 $8,820 $705 $1,824
2007 $3,581 $7,982 $632 $1,770
2006 $3,130 $7,214 $580 $1,698
2005 $2,707 $6,560 $463 $1,615
2004 $2,397 $6,038 $418 $1,541
2003 $2,129 $5,657 $414 $1,458
2002 $2,007 $5,383 $389 $1,360
2001 $1,930 $5,086 $358 $1,121
2000 $1,945 $5,012 $143.7 $1,242
1999 $1,917 $4,847 $155 $1,167
1998 $2,156 $4,791 $156.5 $1,180
1997 $2,301 $4,844 $199.9 $1,157
1996 $2,227 $4,556 $224.3 $1,225
1995 $2,190 $4,435 $208.4 $1,187
1994 $1,879 $4,123 $218.5 $1,266
1993 $1,488 $3,666 $185 $1,269
1992 $1,567 $3,472 $163.2 $1,220
1991 $1,527 $3,484 $183.7 $1,445
1990 $1,200 $3,367 $154.8 $1,382
1989 $1,045 - $231.3 -
1988 $733 - $268.2 -
1987 $1,792 - $172.4 -
1986 $1,087 - $131.5 -
1985 $767 - $235.5 -
1984 $918 - $306 -
1983 $927 - $285.8 -
1982 $1,194 - $380 -
1981 $1,216 - $334 -
1980 $1,045 - $336 -
1979 $942 - $346 -
1978 $756 - $305 -
1977 $903 - $224.2 -
1976 $1,026 - $196.4 -
1975 $1,104 - $228.4 -
1974 $927 - $222.1 -
1973 $754 - $200.6 -
1972 $647 - $165.4 -
1971 $599 - $151.8 -
1970 $550 - $160.2 -
1969 $488 - $153.6 -
1968 $448 - $126.3 -
1967 $498 - $136.1 -
1966 $505 - $149.3 -
1965 $439 - $145.6 -
1964 $381 - $153.4 -
1963 $324 - $146.3 -
1962 $305 - $146.3 -
1961 $276.6 - $142.3 -
1960 $252.8 - $142 -

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

GeoRank.org/economy/peru/sierra-leone | CC BY

Peru's GDP per capita is $8,452, ranking 91/197, compared to $807 in Sierra Leone, ranking 186/197. Adjusted for purchasing power (GDP per capita PPP), Peru ranks 104th at $17,802, while Sierra Leone ranks 171st at $3,522.

Economic indicators

Peru Sierra Leone
Gross domestic product
$289B
2024
$6.97B
2024
GDP rank
49/197
2024
160/197
2024
GDP growth
3.3%
2023-2024
4.29%
2023-2024
GDP per capita
$8,452
2024
$807
2024
GDP per capita rank
91/197
2024
186/197
2024
GDP per capita, PPP
$17,802
2024
$3,522
2024
GDP per capita PPP rank
104/197
2024
171/197
2024
Government debt
$93B
2024
$2.91B
2024
Debt-to-GDP ratio
32.2%
2024
41.7%
2024
Government debt per person
$2,717
2024
$337
2024
Government debt per person rank
108/185
2024
174/185
2024
Average annual personal income after taxes
$7,290
2026
$2,915
2026
Market capitalization of domestic companies
$82.2B
2024
n/a
Income share by richest 10%
30.3%
2024
29.4%
2018
Income share by poorest 10%
2%
2024
3.4%
2018
Government expenditure, % of GDP
22.3%
2024
15.6%
2024
Consumer prices inflation
2.01%
2023-2024
28.4%
2023-2024
Central bank interest rate
4.25%
2025
18.8%
2025
Unemployment rate
4.86%
2024
3.19%
2018
Population
35031596
9049533

Spending and national debt comparison by year

Peru
Spending

Debt
Sierra Leone
Spending

Debt
1x
Year % of GDP
Peru Sierra Leone
Government spending Government debt Government spending Government debt
2024 22.3% 32.2% 15.6% 41.7%
2023 22.1% 32.4% 15.4% 49.5%
2022 23.1% 33.5% 16.7% 54%
2021 23.1% 35.5% 16.8% 47.1%
2020 25.6% 34.3% 15.6% 46.4%
2019 20.8% 26.5% 13.3% 45.3%
2018 21% 25.7% 13.7% 44.2%
2017 20.6% 24.8% 15% 44.2%
2016 20.5% 23.9% 14.9% 38.9%
2015 22% 23.7% 13.1% 28.4%
2014 22.4% 20.5% 13.5% 26.8%
2013 21.5% 19.9% 11.4% 22.3%
2012 20.3% 20.7% 13.5% 24.1%
2011 19.8% 23.1% 13.2% 25.8%
2010 21% 25.1% 12.5% 28.9%
2009 21.3% 28.2% 11.3% 31.1%
2008 19.9% 28.1% 10.3% 46.1%
2007 18.6% 31.9% 8.1% 26.4%
2006 19.2% 34.9% 9.97% 61.9%
2005 20.4% 40.4% 10.9% 78.9%
2004 19.6% 46.7% 11.1% 93.2%
2003 20.1% 49.4% 11.7% 99.8%
2002 19.6% 45.5% 12.6% 99.8%
2001 20.9% 43.8% 12% 113.5%
2000 21.7% 44.9% 10.3% -
1999 17.8% 41.1% - -
1998 16.3% 36.8% - -
1997 15.6% 34.5% - -
1996 16.5% 37.4% - -
1995 17.5% 36.8% - -
1994 16.9% 41.9% - -
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 (2000–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

GeoRank.org/economy/peru/sierra-leone | CC BY

In 2024, Peru's government spending was $64.4B, accounting for 22.3% of its GDP, while Sierra Leone spent $1.09B, or 15.6% of GDP.

Debt-to-GDP ratio is 32.2% in Peru and 41.7% in Sierra Leone, ranking 154/185 and 128/185, respectively.

Government deficit by year

Deficit/surplus
Peru

Sierra Leone
1x
Year Deficit/surplus, % of GDP
Peru Sierra Leone
2024 -3.54% -4.53%
2023 -2.78% -4.99%
2022 -1.38% -5.93%
2021 -2.49% -4.35%
2020 -8.16% -3.5%
2019 -1.37% -1.95%
2018 -1.94% -3.57%
2017 -2.79% -5.61%
2016 -2.12% -5.41%
2015 -2.02% -2.86%
2014 -0.19% -2.77%
2013 0.75% -1.74%
2012 2.07% -3.41%
2011 2.05% -2.78%
2010 -0.02% -3.09%
2009 -1.48% -1.51%
2008 2.48% -2.22%
2007 3.35% 12.6%
2006 2.03% -0.93%
2005 -0.44% -1.17%
2004 -1.03% -1.46%
2003 -1.62% -2.78%
2002 -1.4% -3.03%
2001 -2.15% -3.22%
2000 -2.12% -1.94%
1999 -2.93% -
1998 -0.2% -
1997 0.47% -
1996 -0.25% -
1995 -2.05% -
1994 -1.9% -
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 (2000–2024, retrieved 2026-02-20).

GeoRank.org/economy/peru/sierra-leone | 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 Sierra Leone's deficit of $316M, or 4.53% of GDP.

Over the past 25 years, Peru recorded a fiscal deficit in 19 of those years, while Sierra Leone ran a deficit in 24 years. On average, Peru posted an annual deficit equal to 1.05% of GDP, compared to deficit of 2.49% of GDP for Sierra Leone.

Inflation comparison by year

Inflation
Peru

Sierra Leone
1x
Year Consumer prices inflation
Peru Sierra Leone
2024 2.01% 28.4%
2023 6.46% 47.7%
2022 8.33% 27.2%
2021 4.27% 11.9%
2020 2% 13.4%
2019 2.25% 14.8%
2018 1.51% 16%
2017 2.99% 18.2%
2016 3.56% 10.9%
2015 3.4% 6.7%
2014 3.41% 4.6%
2013 2.77% 5.5%
2012 3.61% 6.6%
2011 3.37% 6.8%
2010 1.53% 7.2%
2009 2.94% 7.5%
2008 5.79% 8.2%
2007 1.78% 17%
2006 2% 10.5%
2005 1.62% 13.7%
2004 3.66% 12.9%
2003 2.26% 4%
2002 0.19% 0.1%
2001 1.98% 2.6%
2000 3.76% -0.9%
1999 3.47% 34.1%
1998 7.25% 36%
1997 8.56% 14.6%

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/sierra-leone | CC BY

Over the past 28 years, Peru has recorded an average annual inflation rate of 3.45%, compared with 13.8% in Sierra Leone. In 2024, inflation was 2.01% in Peru and 28.4% in Sierra Leone.

Top exports between countries

Peru
Export category Export value
Animal & marine products $123K
Processed food, beverages & tobacco $31K
Textiles & consumer goods $4K
Wood & paper products $1K
Sierra Leone
Export category Export value

Balance of trade

Peru Sierra Leone
Current account balance
$6.39B
2024
-$606M
2023
Current account balance ranking
29/190
2024
109/190
2023
Current account balance, % of GDP
+2.21%
2024
-9.45%
2023
Goods imports
$52.1B
2024
$1.92B
2023
Goods exports
$76.2B
2024
$1.34B
2023
Service imports
$15.1B
2024
$348M
2023
Service exports
$7.15B
2024
$42.5M
2023
Imports of goods and services, % of GDP
22.9%
2024
23.3%
2024
Exports of goods and services, % of GDP
28.5%
2024
17.3%
2024

Economic freedom indices

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

Peru Sierra Leone
Economic freedom 66.3 49.6
Economic freedom ranking 62/197 165/197
Property rights 44 32.9
Government integrity 35 35.8
Judicial effectiveness 47.8 42
Tax burden 79.4 88.2
Government spending 84.8 92.4
Fiscal health 87.4 54.1
Business freedom 73.1 44.8
Labor freedom 64.7 38.2
Monetary freedom 77.6 53.6
Trade freedom 81.6 63.6
Investment freedom 60 30
Financial freedom 60 20

Economic freedom comparison by year

Peru
Sierra Leone
1x
Year Economic freedom index
Peru Sierra Leone
2026 66.3 49.6
2025 65.9 48
2024 64.8 44.6
2023 66.5 50.2
2022 66.5 52
2021 67.7 51.7
2020 67.9 48
2019 67.8 47.5
2018 68.7 51.8
2017 68.9 52.6
2016 67.4 52.3
2015 67.7 51.7
2014 67.4 50.5
2013 68.2 48.3
2012 68.7 49.1
2011 68.6 49.6
2010 67.6 47.9
2009 64.6 47.8
2008 63.8 48.3
2007 62.7 47
2006 60.5 45.2
2005 61.3 44.8
2004 64.7 43.6
2003 64.6 42.2
2002 64.8 -
2001 69.6 -
2000 68.7 44.2
1999 69.2 47.2
1998 65 47.7
1997 63.8 45
1996 62.5 52.3
1995 56.9 49.8

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

GeoRank.org/economy/peru/sierra-leone | CC BY

The Economic Freedom Index for Peru is 66.3, ranking 62/197, compared to 49.6 for Sierra Leone, ranking 165/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Peru Sierra Leone
Services, % of GDP
51.3%
2024
42.6%
2024
Industry, % of GDP
34%
2024
25.6%
2024
Agriculture, forestry, and fishing, % of GDP
7.34%
2024
29.2%
2024
GNI, Atlas method
$257B
2024
$7.08B
2024
GNI per capita, PPP
$16,780
2024
$3,490
2024
Total reserves including gold
$79.2B
2024
$433M
2024
Total reserves ranking
33/177
2024
160/177
2024
Net foreign direct investment
-$5.63B
2024
-$241M
2023
Net inflows of foreign direct investment
$6.8B
2024
$122M
2024
Net outflows of foreign direct investment
$1.17B
2024
$0
2024
Servicing debt to the IMF, % of GNI
5.58%
2024
2.22%
2024
Poverty at national poverty lines
27.6%
2024
56.8%
2018
Gross capital formation, % of GDP
19.4%
2024
20.5%
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/sierra-leone | 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 (2000–2024, 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 (2020–2023, 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.