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Economy of Peru vs Sri Lanka compared: GDP & Debt

Updated on by Georank team

Peru has a GDP of $289B compared to $99B for Sri Lanka, ranking 49/197 and 72/197 by economy size, respectively.

Peru has $93B in government debt (32.2% of GDP), compared to $99.8B (100.8% of GDP) in Sri Lanka.

Peru vs Sri Lanka GDP by year

Peru
Sri Lanka
1x
Year GDP, current $
Peru Sri Lanka
2024 $289,221,969,063 $98,963,185,510
2023 $266,958,720,838 $83,716,142,582
2022 $246,065,570,308 $74,143,020,263
2021 $226,328,766,460 $88,556,698,938
2020 $201,409,694,756 $84,335,574,582
2019 $228,346,006,004 $88,998,706,297
2018 $222,597,009,739 $94,450,015,983
2017 $211,007,984,081 $94,369,350,286
2016 $191,898,104,390 $88,000,211,172
2015 $189,802,976,286 $85,090,301,052
2014 $200,786,250,583 $82,531,125,191
2013 $201,175,543,571 $76,976,203,829
2012 $192,650,021,649 $70,447,217,164
2011 $171,761,737,047 $67,753,285,897
2010 $147,527,631,521 $58,636,049,434
2009 $120,822,986,521 $42,066,224,093
2008 $120,550,599,815 $40,713,826,215
2007 $102,170,981,144 $32,350,238,760
2006 $88,643,193,062 $28,267,410,543
2005 $76,060,606,061 $24,405,791,045
2004 $66,768,703,498 $20,662,525,941
2003 $58,731,030,122 $18,881,765,437
2002 $54,777,553,515 $16,536,535,647
2001 $52,030,158,775 $15,749,753,805
2000 $51,744,749,133 $16,595,882,819
1999 $50,187,324,568 $15,711,933,513
1998 $55,501,467,877 $15,760,736,956
1997 $58,147,522,523 $15,091,913,884
1996 $55,252,414,130 $13,897,738,375
1995 $53,312,793,687 $13,029,697,561
1994 $44,882,079,767 $11,717,604,209
1993 $34,832,077,221 $10,338,679,636
1992 $35,966,302,303 $9,703,011,636
1991 $34,341,465,998 $9,000,362,582
1990 $26,410,386,963 $8,032,551,173
1989 $22,499,558,526 $6,987,267,684
1988 $15,439,408,447 $6,978,371,581
1987 $36,889,706,593 $6,682,167,120
1986 $21,859,448,586 $6,405,210,564
1985 $15,078,736,875 $5,978,460,972
1984 $17,600,400,385 $6,043,474,843
1983 $17,345,260,564 $5,167,913,302
1982 $21,794,535,621 $4,768,765,017
1981 $21,648,214,893 $4,415,844,156
1980 $18,136,838,538 $4,024,621,900
1979 $15,954,012,439 $3,364,611,432
1978 $12,491,876,743 $2,733,183,857
1977 $14,544,913,961 $4,104,509,583
1976 $16,131,958,851 $3,591,319,857
1975 $16,931,162,355 $3,791,298,146
1974 $13,858,441,211 $3,574,586,466
1973 $10,994,381,895 $2,875,625,000
1972 $9,189,413,409 $2,553,936,348
1971 $8,289,582,884 $2,369,308,600
1970 $7,432,223,177 $2,296,470,588
1969 $6,420,909,790 $1,965,546,218
1968 $5,736,083,835 $1,801,344,538
1967 $6,194,340,080 $1,859,465,021
1966 $6,109,048,737 $1,751,470,588
1965 $5,163,008,077 $1,698,319,328
1964 $4,353,664,867 $1,309,747,899
1963 $3,598,272,493 $1,240,672,269
1962 $3,284,322,201 $1,434,156,379
1961 $2,897,852,693 $1,444,327,731
1960 $2,571,986,572 $1,409,873,950

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

GeoRank.org/economy/peru/sri-lanka | CC BY

GDP per capita in Peru vs Sri Lanka by year

Peru
GDP per capita

GDP per capita, PPP
Sri Lanka
GDP per capita

GDP per capita, PPP
1x
Year Current $
Peru Sri Lanka
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $8,452 $17,802 $4,516 $15,633
2023 $7,888 $17,011 $3,799 $14,456
2022 $7,351 $16,669 $3,343 $14,194
2021 $6,826 $15,281 $3,997 $14,316
2020 $6,133 $12,563 $3,848 $12,941
2019 $7,037 $13,564 $4,082 $14,113
2018 $6,978 $13,078 $4,359 $14,178
2017 $6,736 $12,592 $4,399 $13,610
2016 $6,217 $12,067 $4,149 $13,079
2015 $6,232 $11,600 $4,058 $12,227
2014 $6,667 $11,518 $3,972 $11,721
2013 $6,747 $11,291 $3,739 $11,253
2012 $6,519 $10,757 $3,328 $10,249
2011 $5,861 $10,463 $3,225 $9,076
2010 $5,072 $9,713 $2,808 $8,234
2009 $4,181 $8,917 $2,027 $7,576
2008 $4,198 $8,820 $1,974 $7,317
2007 $3,581 $7,982 $1,579 $6,820
2006 $3,130 $7,214 $1,389 $6,261
2005 $2,707 $6,560 $1,207 $5,679
2004 $2,397 $6,038 $1,029 $5,216
2003 $2,129 $5,657 $946 $4,850
2002 $2,007 $5,383 $835 $4,522
2001 $1,930 $5,086 $804 $4,328
2000 $1,945 $5,012 $860 $4,368
1999 $1,917 $4,847 $829 $4,103
1998 $2,156 $4,791 $848 $3,952
1997 $2,301 $4,844 $827 $3,804
1996 $2,227 $4,556 $776 $3,582
1995 $2,190 $4,435 $742 $3,454
1994 $1,879 $4,123 $678 $3,260
1993 $1,488 $3,666 $607 $3,067
1992 $1,567 $3,472 $580 $2,851
1991 $1,527 $3,484 $546 $2,713
1990 $1,200 $3,367 $491 $2,527
1989 $1,045 - $430 -
1988 $733 - $434 -
1987 $1,792 - $420 -
1986 $1,087 - $407 -
1985 $767 - $385 -
1984 $918 - $391 -
1983 $927 - $336 -
1982 $1,194 - $312 -
1981 $1,216 - $292.5 -
1980 $1,045 - $271.1 -
1979 $942 - $230.8 -
1978 $756 - $191 -
1977 $903 - $292.1 -
1976 $1,026 - $260.3 -
1975 $1,104 - $279.8 -
1974 $927 - $268.7 -
1973 $754 - $220.2 -
1972 $647 - $199.4 -
1971 $599 - $188.8 -
1970 $550 - $186.9 -
1969 $488 - $163.6 -
1968 $448 - $153.5 -
1967 $498 - $162.3 -
1966 $505 - $156.6 -
1965 $439 - $155.6 -
1964 $381 - $122.9 -
1963 $324 - $119.4 -
1962 $305 - $141.4 -
1961 $276.6 - $145.9 -
1960 $252.8 - $145.9 -

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

GeoRank.org/economy/peru/sri-lanka | CC BY

Peru's GDP per capita is $8,452, ranking 91/197, compared to $4,516 in Sri Lanka, ranking 124/197. Adjusted for purchasing power (GDP per capita PPP), Peru ranks 104th at $17,802, while Sri Lanka ranks 111th at $15,633.

Economic indicators

Peru Sri Lanka
Gross domestic product
$289B
2024
$99B
2024
GDP rank
49/197
2024
72/197
2024
GDP growth
3.3%
2023-2024
5.01%
2023-2024
GDP per capita
$8,452
2024
$4,516
2024
GDP per capita rank
91/197
2024
124/197
2024
GDP per capita, PPP
$17,802
2024
$15,633
2024
GDP per capita PPP rank
104/197
2024
111/197
2024
Government debt
$93B
2024
$99.8B
2024
Debt-to-GDP ratio
32.2%
2024
100.8%
2024
Government debt per person
$2,717
2024
$4,554
2024
Government debt per person rank
108/185
2024
85/185
2024
Average annual personal income after taxes
$7,290
2026
$2,874
2026
Market capitalization of domestic companies
$82.2B
2024
$19.5B
2024
Income share by richest 10%
30.3%
2024
30.8%
2019
Income share by poorest 10%
2%
2024
3.1%
2019
Government expenditure, % of GDP
22.3%
2024
19.3%
2024
Consumer prices inflation
2.01%
2023-2024
-0.43%
2023-2024
Central bank interest rate
4.25%
2025
7.75%
2025
Unemployment rate
4.86%
2024
4.67%
2023
Population
35031596
22185425

Spending and national debt comparison by year

Peru
Spending

Debt
Sri Lanka
Spending

Debt
1x
Year % of GDP
Peru Sri Lanka
Government spending Government debt Government spending Government debt
2024 22.3% 32.2% 19.3% 100.8%
2023 22.1% 32.4% 19.5% 110.4%
2022 23.1% 33.5% 18.6% 115.9%
2021 23.1% 35.5% 20% 102.7%
2020 25.6% 34.3% 22.1% 96.9%
2019 20.8% 26.5% 19.5% 82.6%
2018 21% 25.7% 17.5% 83.6%
2017 20.6% 24.8% 17.9% 72.3%
2016 20.5% 23.9% 18.2% 75%
2015 22% 23.7% 19.3% 76.3%
2014 22.4% 20.5% 17.2% 69.6%
2013 21.5% 19.9% 16.6% 69.5%
2012 20.3% 20.7% 17.3% 67.5%
2011 19.8% 23.1% 19.1% 69.4%
2010 21% 25.1% 19.3% 68.7%
2009 21.3% 28.2% 21% 72.8%
2008 19.9% 28.1% 19.1% 68.8%
2007 18.6% 31.9% 19.9% 71.8%
2006 19.2% 34.9% 20.5% 74.3%
2005 20.4% 40.4% 20.1% 76.6%
2004 19.6% 46.7% 19.3% 86.5%
2003 20.1% 49.4% 19.3% 86.5%
2002 19.6% 45.5% 20.8% 96.3%
2001 20.9% 43.8% 22.4% 84.4%
2000 21.7% 44.9% 21.7% 79.2%
1999 17.8% 41.1% 20.5% 77.7%
1998 16.3% 36.8% 21.4% 74.2%
1997 15.6% 34.5% 21.4% 70.1%
1996 16.5% 37.4% 23.1% 76.2%
1995 17.5% 36.8% 24.8% 77.8%
1994 16.9% 41.9% 24.1% 77.9%
1993 18.2% 49.9% 23.2% 79.2%
1992 19.1% 46.8% 23% 77.9%
1991 15.7% 48.3% 26.4% 80.5%
1990 20.4% 56.3% 25.4% 78.9%
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 (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/sri-lanka | CC BY

In 2024, Peru's government spending was $64.4B, accounting for 22.3% of its GDP, while Sri Lanka spent $19.1B, or 19.3% of GDP.

Debt-to-GDP ratio is 32.2% in Peru and 100.8% in Sri Lanka, ranking 154/185 and 23/185, respectively.

Government deficit by year

Deficit/surplus
Peru

Sri Lanka
1x
Year Deficit/surplus, % of GDP
Peru Sri Lanka
2024 -3.54% -5.64%
2023 -2.78% -8.32%
2022 -1.38% -10.2%
2021 -2.49% -11.7%
2020 -8.16% -13.4%
2019 -1.37% -7.52%
2018 -1.94% -4.96%
2017 -2.79% -5.1%
2016 -2.12% -5%
2015 -2.02% -6.64%
2014 -0.19% -5.99%
2013 0.75% -5%
2012 2.07% -5.44%
2011 2.05% -6.01%
2010 -0.02% -6.73%
2009 -1.48% -8.33%
2008 2.48% -5.93%
2007 3.35% -5.81%
2006 2.03% -5.91%
2005 -0.44% -5.93%
2004 -1.03% -6.32%
2003 -1.62% -6.15%
2002 -1.4% -6.9%
2001 -2.15% -8.48%
2000 -2.12% -7.78%
1999 -2.93% -5.58%
1998 -0.2% -6.79%
1997 0.47% -5.71%
1996 -0.25% -6.89%
1995 -2.05% -7.11%
1994 -1.9% -7.41%
1993 -2.82% -5.77%
1992 -3.55% -4.95%
1991 -1.98% -7.97%
1990 -7.99% -6.39%
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 (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/peru/sri-lanka | 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 Sri Lanka's deficit of $5.58B, or 5.64% of GDP.

Over the past 35 years, Peru recorded a fiscal deficit in 28 of those years, while Sri Lanka ran a deficit in 35 years. On average, Peru posted an annual deficit equal to 1.41% of GDP, compared to deficit of 6.85% of GDP for Sri Lanka.

Inflation comparison by year

Inflation
Peru

Sri Lanka
1x
Year Consumer prices inflation
Peru Sri Lanka
2024 2.01% -0.43%
2023 6.46% 16.5%
2022 8.33% 49.7%
2021 4.27% 7.01%
2020 2% 6.15%
2019 2.25% 3.53%
2018 1.51% 2.14%
2017 2.99% 7.7%
2016 3.56% 3.96%
2015 3.4% 3.77%
2014 3.41% 3.18%
2013 2.77% 6.91%
2012 3.61% 7.54%
2011 3.37% 6.72%
2010 1.53% 6.22%
2009 2.94% 3.46%
2008 5.79% 22.6%
2007 1.78% 15.8%
2006 2% 10%
2005 1.62% 11.6%
2004 3.66% 7.58%
2003 2.26% 6.31%
2002 0.19% 9.55%
2001 1.98% 14.2%
2000 3.76% 6.18%
1999 3.47% 4.69%
1998 7.25% 9.36%
1997 8.56% 9.57%

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

GeoRank.org/economy/peru/sri-lanka | CC BY

Over the past 28 years, Peru has recorded an average annual inflation rate of 3.45%, compared with 9.34% in Sri Lanka. In 2024, inflation was 2.01% in Peru and -0.43% in Sri Lanka.

Top exports between countries

Peru
Export category Export value
Metals $1.89M
Chemicals & pharma $605K
Raw materials & minerals $112K
Processed food, beverages & tobacco $6K
Sri Lanka
Export category Export value
Raw agricultural goods $28M
Textiles & consumer goods $17.5M
Wood & paper products $2.03M
Raw materials & minerals $1.41M
Machinery & equipment $1.05M
Chemicals & pharma $924K
Processed food, beverages & tobacco $579K

Balance of trade

Peru Sri Lanka
Current account balance
$6.39B
2024
$1.21B
2024
Current account balance ranking
29/190
2024
53/190
2024
Current account balance, % of GDP
+2.21%
2024
+1.22%
2024
Goods imports
$52.1B
2024
$18.8B
2024
Goods exports
$76.2B
2024
$12.8B
2024
Service imports
$15.1B
2024
$3.48B
2024
Service exports
$7.15B
2024
$6.91B
2024
Imports of goods and services, % of GDP
22.9%
2024
22.5%
2024
Exports of goods and services, % of GDP
28.5%
2024
19.9%
2024

Economic freedom indices

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

Peru Sri Lanka
Economic freedom 66.3 50.3
Economic freedom ranking 62/197 162/197
Property rights 44 47.3
Government integrity 35 37.3
Judicial effectiveness 47.8 47.2
Tax burden 79.4 77
Government spending 84.8 89
Fiscal health 87.4 0
Business freedom 73.1 60.1
Labor freedom 64.7 54.3
Monetary freedom 77.6 65.9
Trade freedom 81.6 65.6
Investment freedom 60 30
Financial freedom 60 30

Economic freedom comparison by year

Peru
Sri Lanka
1x
Year Economic freedom index
Peru Sri Lanka
2026 66.3 50.3
2025 65.9 49.4
2024 64.8 49.2
2023 66.5 52.2
2022 66.5 53.3
2021 67.7 55.7
2020 67.9 57.4
2019 67.8 56.4
2018 68.7 57.8
2017 68.9 57.4
2016 67.4 59.9
2015 67.7 58.6
2014 67.4 60
2013 68.2 60.7
2012 68.7 58.3
2011 68.6 57.1
2010 67.6 54.6
2009 64.6 56
2008 63.8 58.4
2007 62.7 59.4
2006 60.5 58.7
2005 61.3 61
2004 64.7 61.6
2003 64.6 62.5
2002 64.8 64
2001 69.6 66
2000 68.7 63.2
1999 69.2 64
1998 65 64.6
1997 63.8 65.5
1996 62.5 62.5
1995 56.9 60.6

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

GeoRank.org/economy/peru/sri-lanka | CC BY

The Economic Freedom Index for Peru is 66.3, ranking 62/197, compared to 50.3 for Sri Lanka, ranking 162/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Peru Sri Lanka
Services, % of GDP
51.3%
2024
57.5%
2024
Industry, % of GDP
34%
2024
25.5%
2024
Agriculture, forestry, and fishing, % of GDP
7.34%
2024
8.3%
2024
GNI, Atlas method
$257B
2024
$84.6B
2024
GNI per capita, PPP
$16,780
2024
$15,240
2024
Total reserves including gold
$79.2B
2024
$6.09B
2024
Total reserves ranking
33/177
2024
92/177
2024
Net foreign direct investment
-$5.63B
2024
-$651M
2024
Net inflows of foreign direct investment
$6.8B
2024
$761M
2024
Net outflows of foreign direct investment
$1.17B
2024
$110M
2024
Servicing debt to the IMF, % of GNI
5.58%
2024
4.98%
2024
Poverty at national poverty lines
27.6%
2024
14.3%
2019
Gross capital formation, % of GDP
19.4%
2024
27%
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/sri-lanka | 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 (2021–2024, 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.