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Economy of Peru vs Uganda compared: GDP & Debt

Updated on by Georank team

Peru has a GDP of $289B compared to $53.9B for Uganda, ranking 49/197 and 89/197 by economy size, respectively.

Peru has $93B in government debt (32.2% of GDP), compared to $27.8B (51.5% of GDP) in Uganda.

Peru vs Uganda GDP by year

Peru
Uganda
1x
Year GDP, current $
Peru Uganda
2024 $289,221,969,063 $53,911,907,086
2023 $266,958,720,838 $48,768,955,863
2022 $246,065,570,308 $45,565,333,211
2021 $226,328,766,460 $40,529,788,749
2020 $201,409,694,756 $37,600,368,242
2019 $228,346,006,004 $35,353,061,003
2018 $222,597,009,739 $32,927,025,620
2017 $211,007,984,081 $30,744,473,841
2016 $191,898,104,390 $29,203,988,696
2015 $189,802,976,286 $32,387,183,730
2014 $200,786,250,583 $32,612,397,257
2013 $201,175,543,571 $28,915,786,517
2012 $192,650,021,649 $27,305,915,911
2011 $171,761,737,047 $27,871,725,241
2010 $147,527,631,521 $26,673,441,431
2009 $120,822,986,521 $25,127,805,567
2008 $120,550,599,815 $14,440,404,132
2007 $102,170,981,144 $11,902,564,495
2006 $88,643,193,062 $9,977,647,683
2005 $76,060,606,061 $9,239,221,763
2004 $66,768,703,498 $7,939,487,548
2003 $58,731,030,122 $6,606,884,275
2002 $54,777,553,515 $6,178,563,591
2001 $52,030,158,775 $5,840,503,869
2000 $51,744,749,133 $6,193,246,837
1999 $50,187,324,568 $5,998,563,258
1998 $55,501,467,877 $6,584,815,847
1997 $58,147,522,523 $6,269,333,313
1996 $55,252,414,130 $6,044,585,327
1995 $53,312,793,687 $5,755,818,842
1994 $44,882,079,767 $3,990,430,447
1993 $34,832,077,221 $3,220,439,044
1992 $35,966,302,303 $2,857,457,762
1991 $34,341,465,998 $3,321,729,160
1990 $26,410,386,963 $4,304,399,310
1989 $22,499,558,526 $5,276,480,799
1988 $15,439,408,447 $6,508,931,652
1987 $36,889,706,593 $6,269,522,042
1986 $21,859,448,586 $3,923,244,050
1985 $15,078,736,875 $3,519,695,444
1984 $17,600,400,385 $3,615,647,477
1983 $17,345,260,564 $2,240,333,333
1982 $21,794,535,621 $2,177,500,000
1981 $21,648,214,893 $1,337,300,000
1980 $18,136,838,538 $1,244,610,000
1979 $15,954,012,439 $2,139,025,000
1978 $12,491,876,743 $2,420,260,870
1977 $14,544,913,961 $2,936,470,588
1976 $16,131,958,851 $2,447,300,000
1975 $16,931,162,355 $2,359,555,556
1974 $13,858,441,211 $2,098,944,967
1973 $10,994,381,895 $1,701,829,789
1972 $9,189,413,409 $1,490,970,181
1971 $8,289,582,884 $1,417,191,656
1970 $7,432,223,177 $1,259,554,809
1969 $6,420,909,790 $1,168,556,629
1968 $5,736,083,835 $1,037,379,252
1967 $6,194,340,080 $967,240,655
1966 $6,109,048,737 $925,381,492
1965 $5,163,008,077 $884,502,310
1964 $4,353,664,867 $589,247,687
1963 $3,598,272,493 $516,315,231
1962 $3,284,322,201 $449,158,233
1961 $2,897,852,693 $441,667,335
1960 $2,571,986,572 $423,145,605

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

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

GDP per capita in Peru vs Uganda by year

Peru
GDP per capita

GDP per capita, PPP
Uganda
GDP per capita

GDP per capita, PPP
1x
Year Current $
Peru Uganda
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $8,452 $17,802 $1,078 $3,273
2023 $7,888 $17,011 $1,002 $3,098
2022 $7,351 $16,669 $963 $2,919
2021 $6,826 $15,281 $883 $2,685
2020 $6,133 $12,563 $846 $2,532
2019 $7,037 $13,564 $822 $2,441
2018 $6,978 $13,078 $792 $2,312
2017 $6,736 $12,592 $765 $2,158
2016 $6,217 $12,067 $753 $2,165
2015 $6,232 $11,600 $863 $2,190
2014 $6,667 $11,518 $896 $2,134
2013 $6,747 $11,291 $818 $2,045
2012 $6,519 $10,757 $795 $2,032
2011 $5,861 $10,463 $836 $2,268
2010 $5,072 $9,713 $823 $2,092
2009 $4,181 $8,917 $799 $2,015
2008 $4,198 $8,820 $473 $1,931
2007 $3,581 $7,982 $401 $1,795
2006 $3,130 $7,214 $347 $1,660
2005 $2,707 $6,560 $330 $1,497
2004 $2,397 $6,038 $292.4 $1,405
2003 $2,129 $5,657 $250.7 $1,320
2002 $2,007 $5,383 $242 $1,255
2001 $1,930 $5,086 $236 $1,173
2000 $1,945 $5,012 $258.1 $1,124
1999 $1,917 $4,847 $257.9 $1,100
1998 $2,156 $4,791 $292.5 $1,037
1997 $2,301 $4,844 $286.8 $1,007
1996 $2,227 $4,556 $284.7 $969
1995 $2,190 $4,435 $278.5 $897
1994 $1,879 $4,123 $198.4 $809
1993 $1,488 $3,666 $165.6 $770
1992 $1,567 $3,472 $152.1 $719
1991 $1,527 $3,484 $183 $703
1990 $1,200 $3,367 $245 $666
1989 $1,045 - $310 -
1988 $733 - $395 -
1987 $1,792 - $393 -
1986 $1,087 - $253.6 -
1985 $767 - $234.3 -
1984 $918 - $247.5 -
1983 $927 - $157.5 -
1982 $1,194 - $157 -
1981 $1,216 - $98.6 -
1980 $1,045 - $93.8 -
1979 $942 - $164.5 -
1978 $756 - $190.7 -
1977 $903 - $237.6 -
1976 $1,026 - $203.3 -
1975 $1,104 - $201.2 -
1974 $927 - $183.7 -
1973 $754 - $152.7 -
1972 $647 - $137 -
1971 $599 - $133.5 -
1970 $550 - $122 -
1969 $488 - $116.7 -
1968 $448 - $106.9 -
1967 $498 - $102.8 -
1966 $505 - $101.4 -
1965 $439 - $100 -
1964 $381 - $68.6 -
1963 $324 - $62 -
1962 $305 - $55.5 -
1961 $276.6 - $56.2 -
1960 $252.8 - $55.4 -

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

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

Peru's GDP per capita is $8,452, ranking 91/197, compared to $1,078 in Uganda, ranking 176/197. Adjusted for purchasing power (GDP per capita PPP), Peru ranks 104th at $17,802, while Uganda ranks 176th at $3,273.

Economic indicators

Peru Uganda
Gross domestic product
$289B
2024
$53.9B
2024
GDP rank
49/197
2024
89/197
2024
GDP growth
3.3%
2023-2024
6.06%
2023-2024
GDP per capita
$8,452
2024
$1,078
2024
GDP per capita rank
91/197
2024
176/197
2024
GDP per capita, PPP
$17,802
2024
$3,273
2024
GDP per capita PPP rank
104/197
2024
176/197
2024
Government debt
$93B
2024
$27.8B
2024
Debt-to-GDP ratio
32.2%
2024
51.5%
2024
Government debt per person
$2,717
2024
$555
2024
Government debt per person rank
108/185
2024
163/185
2024
Average annual personal income after taxes
$7,290
2026
$1,466
2026
Market capitalization of domestic companies
$82.2B
2024
n/a
Income share by richest 10%
30.3%
2024
34.5%
2019
Income share by poorest 10%
2%
2024
2.4%
2019
Government expenditure, % of GDP
22.3%
2024
18.7%
2024
Consumer prices inflation
2.01%
2023-2024
3.3%
2023-2024
Central bank interest rate
4.25%
2025
9.75%
2024
Unemployment rate
4.86%
2024
3.42%
2021
Population
35031596
53170946

Spending and national debt comparison by year

Peru
Spending

Debt
Uganda
Spending

Debt
1x
Year % of GDP
Peru Uganda
Government spending Government debt Government spending Government debt
2024 22.3% 32.2% 18.7% 51.5%
2023 22.1% 32.4% 19.3% 50.5%
2022 23.1% 33.5% 19.5% 50.2%
2021 23.1% 35.5% 22% 50.3%
2020 25.6% 34.3% 21.4% 46.3%
2019 20.8% 26.5% 18.3% 37.5%
2018 21% 25.7% 16.2% 34.9%
2017 20.6% 24.8% 16.3% 33.6%
2016 20.5% 23.9% 15.2% 31.3%
2015 22% 23.7% 14.9% 28%
2014 22.4% 20.5% 13.6% 24.8%
2013 21.5% 19.9% 13.3% 22.1%
2012 20.3% 20.7% 13.1% 19.5%
2011 19.8% 23.1% 13.2% 18%
2010 21% 25.1% 15.4% 18.4%
2009 21.3% 28.2% 11.8% 14.8%
2008 19.9% 28.1% 12.9% 15.7%
2007 18.6% 31.9% 13.2% 17%
2006 19.2% 34.9% 13.7% 27.8%
2005 20.4% 40.4% 14.5% 42.6%
2004 19.6% 46.7% 15.6% 49%
2003 20.1% 49.4% 16.5% 55.1%
2002 19.6% 45.5% 16.8% 54.7%
2001 20.9% 43.8% 16.2% 51.4%
2000 21.7% 44.9% 15.2% 48.5%
1999 17.8% 41.1% 14.7% 47.7%
1998 16.3% 36.8% 14% 45.1%
1997 15.6% 34.5% 13.9% 44.2%
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 (1997–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

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

In 2024, Peru's government spending was $64.4B, accounting for 22.3% of its GDP, while Uganda spent $10.1B, or 18.7% of GDP.

Debt-to-GDP ratio is 32.2% in Peru and 51.5% in Uganda, ranking 154/185 and 103/185, respectively.

Government deficit by year

Deficit/surplus
Peru

Uganda
1x
Year Deficit/surplus, % of GDP
Peru Uganda
2024 -3.54% -3.99%
2023 -2.78% -4.87%
2022 -1.38% -5.45%
2021 -2.49% -7.76%
2020 -8.16% -7.76%
2019 -1.37% -4.82%
2018 -1.94% -3.02%
2017 -2.79% -3.83%
2016 -2.12% -2.64%
2015 -2.02% -2.59%
2014 -0.19% -2.74%
2013 0.75% -3.19%
2012 2.07% -2.39%
2011 2.05% -2.04%
2010 -0.02% -4.64%
2009 -1.48% -1.61%
2008 2.48% -1.99%
2007 3.35% -0.82%
2006 2.03% -0.64%
2005 -0.44% -0.17%
2004 -1.03% 0.34%
2003 -1.62% -0.97%
2002 -1.4% -2.07%
2001 -2.15% -0.99%
2000 -2.12% -0.62%
1999 -2.93% -1.24%
1998 -0.2% -0.7%
1997 0.47% -0.83%
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 (1997–2024, retrieved 2026-02-20).

GeoRank.org/economy/peru/uganda | 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 Uganda's deficit of $2.15B, or 3.99% of GDP.

Over the past 28 years, Peru recorded a fiscal deficit in 21 of those years, while Uganda ran a deficit in 27 years. On average, Peru posted an annual deficit equal to 1.03% of GDP, compared to deficit of 2.64% of GDP for Uganda.

Inflation comparison by year

Inflation
Peru

Uganda
1x
Year Consumer prices inflation
Peru Uganda
2024 2.01% 3.3%
2023 6.46% 5.4%
2022 8.33% 7.2%
2021 4.27% 2.2%
2020 2% 2.8%
2019 2.25% 2.1%
2018 1.51% 2.5%
2017 2.99% 5.6%
2016 3.56% 5.2%
2015 3.4% 3.7%
2014 3.41% 4.3%
2013 2.77% 5.5%
2012 3.61% 14%
2011 3.37% 18.7%
2010 1.53% 4%
2009 2.94% 13%
2008 5.79% 12%
2007 1.78% 6.1%
2006 2% 7.2%
2005 1.62% 8.6%
2004 3.66% 3.7%
2003 2.26% 8.7%
2002 0.19% -0.3%
2001 1.98% 1.9%
2000 3.76% 3.4%
1999 3.47% 5.8%
1998 7.25% 5.8%
1997 8.56% 7.7%

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/uganda | CC BY

Over the past 28 years, Peru has recorded an average annual inflation rate of 3.45%, compared with 6.08% in Uganda. In 2024, inflation was 2.01% in Peru and 3.3% in Uganda.

Top exports between countries

Peru
Export category Export value
Machinery & equipment $558K
Chemicals & pharma $75K
Textiles & consumer goods $3K
Raw materials & minerals $1K
Uganda
Export category Export value
Processed food, beverages & tobacco $4K
Machinery & equipment $3K

Balance of trade

Peru Uganda
Current account balance
$6.39B
2024
-$4.29B
2024
Current account balance ranking
29/190
2024
164/190
2024
Current account balance, % of GDP
+2.21%
2024
-7.96%
2024
Goods imports
$52.1B
2024
$11.7B
2024
Goods exports
$76.2B
2024
$8.67B
2024
Service imports
$15.1B
2024
$4.38B
2024
Service exports
$7.15B
2024
$2.39B
2024
Imports of goods and services, % of GDP
22.9%
2024
25.9%
2024
Exports of goods and services, % of GDP
28.5%
2024
16.8%
2024

Economic freedom indices

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

Peru Uganda
Economic freedom 66.3 52.4
Economic freedom ranking 62/197 149/197
Property rights 44 42.2
Government integrity 35 25.1
Judicial effectiveness 47.8 29.4
Tax burden 79.4 73.4
Government spending 84.8 89
Fiscal health 87.4 58.3
Business freedom 73.1 50.2
Labor freedom 64.7 55.9
Monetary freedom 77.6 77.1
Trade freedom 81.6 58
Investment freedom 60 30
Financial freedom 60 40

Economic freedom comparison by year

Peru
Uganda
1x
Year Economic freedom index
Peru Uganda
2026 66.3 52.4
2025 65.9 51.3
2024 64.8 50.7
2023 66.5 51.4
2022 66.5 54.2
2021 67.7 58.6
2020 67.9 59.5
2019 67.8 59.7
2018 68.7 62
2017 68.9 60.9
2016 67.4 59.3
2015 67.7 59.7
2014 67.4 59.9
2013 68.2 61.1
2012 68.7 61.9
2011 68.6 61.7
2010 67.6 62.2
2009 64.6 63.5
2008 63.8 63.8
2007 62.7 63.1
2006 60.5 63.9
2005 61.3 62.9
2004 64.7 64.1
2003 64.6 60.1
2002 64.8 61
2001 69.6 60.4
2000 68.7 58.2
1999 69.2 64.8
1998 65 64.7
1997 63.8 66.6
1996 62.5 66.2
1995 56.9 62.9

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

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

The Economic Freedom Index for Peru is 66.3, ranking 62/197, compared to 52.4 for Uganda, ranking 149/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Peru Uganda
Services, % of GDP
51.3%
2024
43.1%
2024
Industry, % of GDP
34%
2024
24.9%
2024
Agriculture, forestry, and fishing, % of GDP
7.34%
2024
24.6%
2024
GNI, Atlas method
$257B
2024
$50.9B
2024
GNI per capita, PPP
$16,780
2024
$3,190
2024
Total reserves including gold
$79.2B
2024
$3.36B
2018
Total reserves ranking
33/177
2024
114/177
2018
Net foreign direct investment
-$5.63B
2024
-$3.26B
2024
Net inflows of foreign direct investment
$6.8B
2024
$3.26B
2024
Net outflows of foreign direct investment
$1.17B
2024
$400K
2024
Servicing debt to the IMF, % of GNI
5.58%
2024
2.96%
2024
Poverty at national poverty lines
27.6%
2024
20.3%
2019
Gross capital formation, % of GDP
19.4%
2024
22.4%
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/uganda | 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 (1997–2024, 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.