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Economy of Peru vs Slovakia compared: GDP & Debt

Updated on by Georank team

Peru has a GDP of $289B compared to $141B for Slovakia, ranking 49/197 and 61/197 by economy size, respectively.

Peru has $93B in government debt (32.2% of GDP), compared to $80.7B (57.2% of GDP) in Slovakia.

Peru vs Slovakia GDP by year

Peru
Slovakia
1x
Year GDP, current $
Peru Slovakia
2024 $289,221,969,063 $140,934,076,532
2023 $266,958,720,838 $133,578,518,424
2022 $246,065,570,308 $115,792,972,358
2021 $226,328,766,460 $120,511,265,913
2020 $201,409,694,756 $107,732,602,896
2019 $228,346,006,004 $105,843,498,304
2018 $222,597,009,739 $106,611,673,365
2017 $211,007,984,081 $95,978,130,735
2016 $191,898,104,390 $90,347,173,229
2015 $189,802,976,286 $89,178,548,717
2014 $200,786,250,583 $101,713,075,599
2013 $201,175,543,571 $99,134,277,850
2012 $192,650,021,649 $94,724,394,278
2011 $171,761,737,047 $99,705,104,723
2010 $147,527,631,521 $91,112,160,801
2009 $120,822,986,521 $89,342,984,698
2008 $120,550,599,815 $100,830,060,553
2007 $102,170,981,144 $86,587,749,518
2006 $88,643,193,062 $70,751,813,443
2005 $76,060,606,061 $62,547,753,148
2004 $66,768,703,498 $57,215,475,076
2003 $58,731,030,122 $46,616,149,117
2002 $54,777,553,515 $35,243,658,399
2001 $52,030,158,775 $30,726,659,551
2000 $51,744,749,133 $29,215,726,005
1999 $50,187,324,568 $30,496,272,225
1998 $55,501,467,877 $29,976,207,629
1997 $58,147,522,523 $27,844,628,979
1996 $55,252,414,130 $28,197,790,875
1995 $53,312,793,687 $26,180,022,222
1994 $44,882,079,767 $20,428,139,756
1993 $34,832,077,221 $16,737,973,764
1992 $35,966,302,303 $15,699,327,209
1991 $34,341,465,998 $14,459,924,589
1990 $26,410,386,963 $12,915,046,978
1989 $22,499,558,526 -
1988 $15,439,408,447 -
1987 $36,889,706,593 -
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/slovakia | CC BY

GDP per capita in Peru vs Slovakia by year

Peru
GDP per capita

GDP per capita, PPP
Slovakia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Peru Slovakia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $8,452 $17,802 $25,993 $48,132
2023 $7,888 $17,011 $24,615 $45,974
2022 $7,351 $16,669 $21,318 $41,562
2021 $6,826 $15,281 $22,123 $38,346
2020 $6,133 $12,563 $19,735 $35,328
2019 $7,037 $13,564 $19,406 $33,986
2018 $6,978 $13,078 $19,573 $31,510
2017 $6,736 $12,592 $17,646 $30,246
2016 $6,217 $12,067 $16,636 $29,868
2015 $6,232 $11,600 $16,442 $30,148
2014 $6,667 $11,518 $18,771 $29,108
2013 $6,747 $11,291 $18,313 $28,075
2012 $6,519 $10,757 $17,517 $27,023
2011 $5,861 $10,463 $18,469 $26,202
2010 $5,072 $9,713 $16,899 $25,382
2009 $4,181 $8,917 $16,587 $23,077
2008 $4,198 $8,820 $18,744 $23,714
2007 $3,581 $7,982 $16,110 $21,232
2006 $3,130 $7,214 $13,168 $18,906
2005 $2,707 $6,560 $11,642 $16,570
2004 $2,397 $6,038 $10,650 $15,166
2003 $2,129 $5,657 $8,675 $14,088
2002 $2,007 $5,383 $6,555 $13,292
2001 $1,930 $5,086 $5,712 $12,367
2000 $1,945 $5,012 $5,422 $11,370
1999 $1,917 $4,847 $5,652 $10,726
1998 $2,156 $4,791 $5,561 $10,666
1997 $2,301 $4,844 $5,172 $10,137
1996 $2,227 $4,556 $5,248 $9,500
1995 $2,190 $4,435 $4,883 $8,812
1994 $1,879 $4,123 $3,821 $8,178
1993 $1,488 $3,666 $3,143 $7,569
1992 $1,567 $3,472 $2,959 $7,270
1991 $1,527 $3,484 $2,727 $7,623
1990 $1,200 $3,367 $2,437 $8,638
1989 $1,045 - - -
1988 $733 - - -
1987 $1,792 - - -
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/slovakia | CC BY

Peru's GDP per capita is $8,452, ranking 91/197, compared to $25,993 in Slovakia, ranking 47/197. Adjusted for purchasing power (GDP per capita PPP), Peru ranks 104th at $17,802, while Slovakia ranks 49th at $48,132.

Economic indicators

Peru Slovakia
Gross domestic product
$289B
2024
$141B
2024
GDP rank
49/197
2024
61/197
2024
GDP growth
3.3%
2023-2024
1.94%
2023-2024
GDP per capita
$8,452
2024
$25,993
2024
GDP per capita rank
91/197
2024
47/197
2024
GDP per capita, PPP
$17,802
2024
$48,132
2024
GDP per capita PPP rank
104/197
2024
49/197
2024
Government debt
$93B
2024
$80.7B
2024
Debt-to-GDP ratio
32.2%
2024
57.2%
2024
Government debt per person
$2,717
2024
$14,876
2024
Government debt per person rank
108/185
2024
40/185
2024
Average annual personal income after taxes
$7,290
2026
$17,983
2026
Market capitalization of domestic companies
$82.2B
2024
$5.38B
2014
Number of billionaires n/a
2
2025
Income share by richest 10%
30.3%
2024
18.8%
2023
Income share by poorest 10%
2%
2024
3.3%
2023
Government expenditure, % of GDP
22.3%
2024
47.1%
2024
Consumer prices inflation
2.01%
2023-2024
2.76%
2023-2024
Central bank interest rate
4.25%
2025
n/a
Unemployment rate
4.86%
2024
5.34%
2024
Population
35031596
5359438

Spending and national debt comparison by year

Peru
Spending

Debt
Slovakia
Spending

Debt
1x
Year % of GDP
Peru Slovakia
Government spending Government debt Government spending Government debt
2024 22.3% 32.2% 47.1% 57.2%
2023 22.1% 32.4% 48% 55.6%
2022 23.1% 33.5% 43% 57.7%
2021 23.1% 35.5% 44.9% 60.2%
2020 25.6% 34.3% 44.5% 58.4%
2019 20.8% 26.5% 40.6% 48%
2018 21% 25.7% 39.7% 49.3%
2017 20.6% 24.8% 39.8% 51.4%
2016 20.5% 23.9% 40.9% 52.1%
2015 22% 23.7% 44.1% 51.6%
2014 22.4% 20.5% 42% 53.4%
2013 21.5% 19.9% 41.1% 54.6%
2012 20.3% 20.7% 40% 51.7%
2011 19.8% 23.1% 40.8% 43.3%
2010 21% 25.1% 41% 40.7%
2009 21.3% 28.2% 43.2% 36.4%
2008 19.9% 28.1% 36.5% 28.6%
2007 18.6% 31.9% 35.9% 30.4%
2006 19.2% 34.9% 38.2% 31.5%
2005 20.4% 40.4% 39.1% 35%
2004 19.6% 46.7% 38.4% 42%
2003 20.1% 49.4% 40% 43.6%
2002 19.6% 45.5% 46% 45.6%
2001 20.9% 43.8% 46.2% 51.4%
2000 21.7% 44.9% 53.2% 50.6%
1999 17.8% 41.1% 48.4% 47.1%
1998 16.3% 36.8% 46.2% 33.9%
1997 15.6% 34.5% 48.6% 32.8%
1996 16.5% 37.4% 52.8% 30.3%
1995 17.5% 36.8% 47.8% 21.3%
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 (1995–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

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

In 2024, Peru's government spending was $64.4B, accounting for 22.3% of its GDP, while Slovakia spent $66.4B, or 47.1% of GDP.

Debt-to-GDP ratio is 32.2% in Peru and 57.2% in Slovakia, ranking 154/185 and 90/185, respectively.

Government deficit by year

Deficit/surplus
Peru

Slovakia
1x
Year Deficit/surplus, % of GDP
Peru Slovakia
2024 -3.54% -5.27%
2023 -2.78% -5.15%
2022 -1.38% -1.16%
2021 -2.49% -5.09%
2020 -8.16% -5.3%
2019 -1.37% -1.21%
2018 -1.94% -1.01%
2017 -2.79% -0.98%
2016 -2.12% -2.59%
2015 -2.02% -2.78%
2014 -0.19% -3.25%
2013 0.75% -2.86%
2012 2.07% -4.37%
2011 2.05% -4.36%
2010 -0.02% -7.44%
2009 -1.48% -8.18%
2008 2.48% -2.54%
2007 3.35% -2.26%
2006 2.03% -3.57%
2005 -0.44% -2.86%
2004 -1.03% -2.36%
2003 -1.62% -2.28%
2002 -1.4% -8.35%
2001 -2.15% -7.74%
2000 -2.12% -12.7%
1999 -2.93% -7.25%
1998 -0.2% -5.37%
1997 0.47% -6.24%
1996 -0.25% -9.72%
1995 -2.05% -3.43%
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 (1995–2024, retrieved 2026-02-20).

GeoRank.org/economy/peru/slovakia | 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 Slovakia's deficit of $7.43B, or 5.27% of GDP.

Over the past 30 years, Peru recorded a fiscal deficit in 23 of those years, while Slovakia ran a deficit in 30 years. On average, Peru posted an annual deficit equal to 1.04% of GDP, compared to deficit of 4.59% of GDP for Slovakia.

Inflation comparison by year

Inflation
Peru

Slovakia
1x
Year Consumer prices inflation
Peru Slovakia
2024 2.01% 2.76%
2023 6.46% 10.5%
2022 8.33% 12.8%
2021 4.27% 3.15%
2020 2% 1.94%
2019 2.25% 2.66%
2018 1.51% 2.51%
2017 2.99% 1.31%
2016 3.56% -0.52%
2015 3.4% -0.33%
2014 3.41% -0.08%
2013 2.77% 1.4%
2012 3.61% 3.61%
2011 3.37% 3.92%
2010 1.53% 0.96%
2009 2.94% 1.62%
2008 5.79% 4.6%
2007 1.78% 2.76%
2006 2% 4.48%
2005 1.62% 2.71%
2004 3.66% 7.55%
2003 2.26% 8.55%
2002 0.19% 3.13%
2001 1.98% 7.33%
2000 3.76% 12%
1999 3.47% 10.6%
1998 7.25% 6.67%
1997 8.56% 6.14%

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

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

Over the past 28 years, Peru has recorded an average annual inflation rate of 3.45%, compared with 4.45% in Slovakia. In 2024, inflation was 2.01% in Peru and 2.76% in Slovakia.

Top exports between countries

Peru
Export category Export value
Processed food, beverages & tobacco $308K
Raw materials & minerals $234K
Textiles & consumer goods $150K
Chemicals & pharma $20K
Raw agricultural goods $6K
Animal & marine products $4K
Machinery & equipment $4K
Precious metals & jewellery $2K
Miscellaneous $1K
Slovakia
Export category Export value
Machinery & equipment $11.5M
Raw materials & minerals $1.69M
Textiles & consumer goods $666K
Weapons & explosives $607K
Chemicals & pharma $546K
Processed food, beverages & tobacco $429K
Metals $163K
Miscellaneous $23K
Animal & marine products $1K

Balance of trade

Peru Slovakia
Current account balance
$6.39B
2024
-$6.5B
2024
Current account balance ranking
29/190
2024
171/190
2024
Current account balance, % of GDP
+2.21%
2024
-4.61%
2024
Goods imports
$52.1B
2024
$107B
2024
Goods exports
$76.2B
2024
$106B
2024
Service imports
$15.1B
2024
$13.2B
2024
Service exports
$7.15B
2024
$13.9B
2024
Imports of goods and services, % of GDP
22.9%
2024
85.7%
2024
Exports of goods and services, % of GDP
28.5%
2024
85.5%
2024

Economic freedom indices

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

Peru Slovakia
Economic freedom 66.3 67.7
Economic freedom ranking 62/197 54/197
Property rights 44 82.6
Government integrity 35 57.2
Judicial effectiveness 47.8 70.5
Tax burden 79.4 75.4
Government spending 84.8 36.4
Fiscal health 87.4 69.6
Business freedom 73.1 71.1
Labor freedom 64.7 55.1
Monetary freedom 77.6 69.7
Trade freedom 81.6 79.4
Investment freedom 60 75
Financial freedom 60 70

Economic freedom comparison by year

Peru
Slovakia
1x
Year Economic freedom index
Peru Slovakia
2026 66.3 67.7
2025 65.9 68.4
2024 64.8 68.1
2023 66.5 69
2022 66.5 69.7
2021 67.7 66.3
2020 67.9 66.8
2019 67.8 65
2018 68.7 65.3
2017 68.9 65.7
2016 67.4 66.6
2015 67.7 67.2
2014 67.4 66.4
2013 68.2 68.7
2012 68.7 67
2011 68.6 69.5
2010 67.6 69.7
2009 64.6 69.4
2008 63.8 70
2007 62.7 69.6
2006 60.5 69.8
2005 61.3 66.8
2004 64.7 64.6
2003 64.6 59
2002 64.8 59.8
2001 69.6 58.5
2000 68.7 53.8
1999 69.2 54.2
1998 65 57.5
1997 63.8 55.5
1996 62.5 57.6
1995 56.9 60.4

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

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

The Economic Freedom Index for Peru is 66.3, ranking 62/197, compared to 67.7 for Slovakia, ranking 54/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Peru Slovakia
Services, % of GDP
51.3%
2024
60%
2024
Industry, % of GDP
34%
2024
28.9%
2024
Agriculture, forestry, and fishing, % of GDP
7.34%
2024
1.58%
2024
GNI, Atlas method
$257B
2024
$128B
2024
GNI per capita, PPP
$16,780
2024
$47,040
2024
Total reserves including gold
$79.2B
2024
$14.5B
2024
Total reserves ranking
33/177
2024
68/177
2024
Net foreign direct investment
-$5.63B
2024
-$2.77B
2024
Net inflows of foreign direct investment
$6.8B
2024
$5.01B
2024
Net outflows of foreign direct investment
$1.17B
2024
$2.24B
2024
Servicing debt to the IMF, % of GNI
5.58%
2024
n/a
Poverty at national poverty lines
27.6%
2024
13.7%
2021
Gross capital formation, % of GDP
19.4%
2024
20.1%
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/slovakia | 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 (1995–2024, 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.