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Economy of Peru vs Ukraine compared: GDP & Debt

Updated on by Georank team

Peru has a GDP of $289B compared to $191B for Ukraine, ranking 49/197 and 57/197 by economy size, respectively.

Peru has $93B in government debt (32.2% of GDP), compared to $171B (89.7% of GDP) in Ukraine.

Peru vs Ukraine GDP by year

Peru
Ukraine
1x
Year GDP, current $
Peru Ukraine
2024 $289,221,969,063 $190,741,262,415
2023 $266,958,720,838 $181,221,517,869
2022 $246,065,570,308 $161,989,520,721
2021 $226,328,766,460 $199,765,859,571
2020 $201,409,694,756 $156,617,722,013
2019 $228,346,006,004 $153,883,047,510
2018 $222,597,009,739 $130,891,088,294
2017 $211,007,984,081 $112,090,505,082
2016 $191,898,104,390 $93,355,869,404
2015 $189,802,976,286 $91,030,967,789
2014 $200,786,250,583 $133,503,871,862
2013 $201,175,543,571 $190,498,811,460
2012 $192,650,021,649 $182,591,753,828
2011 $171,761,737,047 $169,333,835,202
2010 $147,527,631,521 $141,209,170,427
2009 $120,822,986,521 $121,552,153,444
2008 $120,550,599,815 $188,110,390,660
2007 $102,170,981,144 $148,733,861,386
2006 $88,643,193,062 $111,884,752,475
2005 $76,060,606,061 $89,238,865,119
2004 $66,768,703,498 $67,220,154,164
2003 $58,731,030,122 $52,010,355,753
2002 $54,777,553,515 $43,956,163,612
2001 $52,030,158,775 $39,309,580,983
2000 $51,744,749,133 $32,375,083,935
1999 $50,187,324,568 $31,580,639,554
1998 $55,501,467,877 $41,882,523,345
1997 $58,147,522,523 $50,151,531,592
1996 $55,252,414,130 $44,558,831,005
1995 $53,312,793,687 $48,213,856,469
1994 $44,882,079,767 $52,549,580,265
1993 $34,832,077,221 $65,648,559,903
1992 $35,966,302,303 $73,945,908,384
1991 $34,341,465,998 $77,350,733,982
1990 $26,410,386,963 $81,393,558,423
1989 $22,499,558,526 $82,709,161,099
1988 $15,439,408,447 $74,703,517,903
1987 $36,889,706,593 $64,087,694,038
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/ukraine | CC BY

GDP per capita in Peru vs Ukraine by year

Peru
GDP per capita

GDP per capita, PPP
Ukraine
GDP per capita

GDP per capita, PPP
1x
Year Current $
Peru Ukraine
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $8,452 $17,802 $5,038 $18,550
2023 $7,888 $17,011 $4,803 $17,665
2022 $7,351 $16,669 $3,946 $14,770
2021 $6,826 $15,281 $4,510 $17,846
2020 $6,133 $12,563 $3,505 $15,541
2019 $7,037 $13,564 $3,423 $14,217
2018 $6,978 $13,078 $2,895 $12,555
2017 $6,736 $12,592 $2,467 $11,536
2016 $6,217 $12,067 $2,047 $10,865
2015 $6,232 $11,600 $1,988 $9,922
2014 $6,667 $11,518 $2,904 $10,494
2013 $6,747 $11,291 $4,130 $10,904
2012 $6,519 $10,757 $3,951 $9,552
2011 $5,861 $10,463 $3,657 $9,127
2010 $5,072 $9,713 $3,040 $8,453
2009 $4,181 $8,917 $2,607 $7,995
2008 $4,198 $8,820 $4,018 $9,324
2007 $3,581 $7,982 $3,160 $8,900
2006 $3,130 $7,214 $2,366 $7,971
2005 $2,707 $6,560 $1,875 $7,142
2004 $2,397 $6,038 $1,401 $6,663
2003 $2,129 $5,657 $1,076 $5,764
2002 $2,007 $5,383 $903 $5,123
2001 $1,930 $5,086 $800 $4,747
2000 $1,945 $5,012 $653 $4,228
1999 $1,917 $4,847 $632 $3,871
1998 $2,156 $4,791 $831 $3,794
1997 $2,301 $4,844 $987 $3,794
1996 $2,227 $4,556 $870 $3,812
1995 $2,190 $4,435 $933 $4,124
1994 $1,879 $4,123 $1,009 $4,565
1993 $1,488 $3,666 $1,254 $5,766
1992 $1,567 $3,472 $1,413 $6,568
1991 $1,527 $3,484 $1,483 $7,148
1990 $1,200 $3,367 $1,564 $7,591
1989 $1,045 - $1,593 -
1988 $733 - $1,444 -
1987 $1,792 - $1,244 -
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/ukraine | CC BY

Peru's GDP per capita is $8,452, ranking 91/197, compared to $5,038 in Ukraine, ranking 120/197. Adjusted for purchasing power (GDP per capita PPP), Peru ranks 104th at $17,802, while Ukraine ranks 101st at $18,550.

Economic indicators

Peru Ukraine
Gross domestic product
$289B
2024
$191B
2024
GDP rank
49/197
2024
57/197
2024
GDP growth
3.3%
2023-2024
2.91%
2023-2024
GDP per capita
$8,452
2024
$5,038
2024
GDP per capita rank
91/197
2024
120/197
2024
GDP per capita, PPP
$17,802
2024
$18,550
2024
GDP per capita PPP rank
104/197
2024
101/197
2024
Government debt
$93B
2024
$171B
2024
Debt-to-GDP ratio
32.2%
2024
89.7%
2024
Government debt per person
$2,717
2024
$4,520
2024
Government debt per person rank
108/185
2024
86/185
2024
Average annual personal income after taxes
$7,290
2026
$5,370
2026
Market capitalization of domestic companies
$82.2B
2024
$4.42B
2018
Number of billionaires n/a
7
2025
Income share by richest 10%
30.3%
2024
21.7%
2020
Income share by poorest 10%
2%
2024
4.3%
2020
Government expenditure, % of GDP
22.3%
2024
71.3%
2024
Consumer prices inflation
2.01%
2023-2024
6.5%
2023-2024
Central bank interest rate
4.25%
2025
15.5%
2025
Unemployment rate
4.86%
2024
9.83%
2021
Population
35031596
40125599

Spending and national debt comparison by year

Peru
Spending

Debt
Ukraine
Spending

Debt
1x
Year % of GDP
Peru Ukraine
Government spending Government debt Government spending Government debt
2024 22.3% 32.2% 71.3% 89.7%
2023 22.1% 32.4% 73.4% 81.2%
2022 23.1% 33.5% 65.4% 77.7%
2021 23.1% 35.5% 40.5% 48.9%
2020 25.6% 34.3% 45.6% 60.5%
2019 20.8% 26.5% 41.5% 50.5%
2018 21% 25.7% 41.9% 60.4%
2017 20.6% 24.8% 41.7% 71.6%
2016 20.5% 23.9% 40.8% 79.5%
2015 22% 23.7% 43% 79.3%
2014 22.4% 20.5% 44.8% 70.3%
2013 21.5% 19.9% 48.1% 40.5%
2012 20.3% 20.7% 49% 37.5%
2011 19.8% 23.1% 45.7% 36.9%
2010 21% 25.1% 49.2% 40.6%
2009 21.3% 28.2% 48.6% 35.4%
2008 19.9% 28.1% 47.1% 20.4%
2007 18.6% 31.9% 43.7% 12.3%
2006 19.2% 34.9% 44.6% 14.8%
2005 20.4% 40.4% 44.2% 17.7%
2004 19.6% 46.7% 41.6% 24.8%
2003 20.1% 49.4% 38.9% 29.4%
2002 19.6% 45.5% 37.9% 33.6%
2001 20.9% 43.8% 36.7% 36.7%
2000 21.7% 44.9% 35.5% 43.8%
1999 17.8% 41.1% 25.8% 59%
1998 16.3% 36.8% 37.1% 46.5%
1997 15.6% 34.5% 40.8% 28.9%
1996 16.5% 37.4% 36.9% 24.4%
1995 17.5% 36.8% 41.3% 30.2%
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/ukraine | CC BY

In 2024, Peru's government spending was $64.4B, accounting for 22.3% of its GDP, while Ukraine spent $136B, or 71.3% of GDP.

Debt-to-GDP ratio is 32.2% in Peru and 89.7% in Ukraine, ranking 154/185 and 33/185, respectively.

Government deficit by year

Deficit/surplus
Peru

Ukraine
1x
Year Deficit/surplus, % of GDP
Peru Ukraine
2024 -3.54% -17.2%
2023 -2.78% -19.3%
2022 -1.38% -15.6%
2021 -2.49% -3.97%
2020 -8.16% -5.92%
2019 -1.37% -2.08%
2018 -1.94% -2.12%
2017 -2.79% -2.36%
2016 -2.12% -2.46%
2015 -2.02% -1.16%
2014 -0.19% -4.46%
2013 0.75% -4.78%
2012 2.07% -4.31%
2011 2.05% -2.76%
2010 -0.02% -5.77%
2009 -1.48% -6.27%
2008 2.48% -3.14%
2007 3.35% -1.97%
2006 2.03% -1.36%
2005 -0.44% -2.28%
2004 -1.03% -4.41%
2003 -1.62% -0.89%
2002 -1.4% -1.84%
2001 -2.15% -3.03%
2000 -2.12% -3.19%
1999 -2.93% 4.95%
1998 -0.2% -2.69%
1997 0.47% -5.37%
1996 -0.25% -3.09%
1995 -2.05% -4.72%
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/ukraine | 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 Ukraine's deficit of $32.8B, or 17.2% of GDP.

Over the past 30 years, Peru recorded a fiscal deficit in 23 of those years, while Ukraine ran a deficit in 29 years. On average, Peru posted an annual deficit equal to 1.04% of GDP, compared to deficit of 4.45% of GDP for Ukraine.

Inflation comparison by year

Inflation
Peru

Ukraine
1x
Year Consumer prices inflation
Peru Ukraine
2024 2.01% 6.5%
2023 6.46% 12.9%
2022 8.33% 20.2%
2021 4.27% 9.4%
2020 2% 2.7%
2019 2.25% 7.9%
2018 1.51% 10.9%
2017 2.99% 14.4%
2016 3.56% 13.9%
2015 3.4% 48.7%
2014 3.41% 12.1%
2013 2.77% -0.3%
2012 3.61% 0.6%
2011 3.37% 8%
2010 1.53% 9.4%
2009 2.94% 15.9%
2008 5.79% 25.2%
2007 1.78% 12.8%
2006 2% 9.1%
2005 1.62% 13.5%
2004 3.66% 9%
2003 2.26% 5.2%
2002 0.19% 0.8%
2001 1.98% 12%
2000 3.76% 28.2%
1999 3.47% 22.7%
1998 7.25% 10.6%
1997 8.56% 15.9%

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/ukraine | CC BY

Over the past 28 years, Peru has recorded an average annual inflation rate of 3.45%, compared with 12.8% in Ukraine. In 2024, inflation was 2.01% in Peru and 6.5% in Ukraine.

Top exports between countries

Peru
Export category Export value
Raw materials & minerals $4.13M
Animal & marine products $919K
Raw agricultural goods $614K
Chemicals & pharma $502K
Textiles & consumer goods $82K
Metals $47K
Processed food, beverages & tobacco $42K
Machinery & equipment $31K
Ukraine
Export category Export value
Metals $3.07M
Processed food, beverages & tobacco $957K
Machinery & equipment $944K
Wood & paper products $892K
Raw materials & minerals $540K
Chemicals & pharma $336K
Textiles & consumer goods $146K
Miscellaneous $80K
Raw agricultural goods $76K
Animal & marine products $39K

Balance of trade

Peru Ukraine
Current account balance
$6.39B
2024
-$15.1B
2024
Current account balance ranking
29/190
2024
179/190
2024
Current account balance, % of GDP
+2.21%
2024
-7.94%
2024
Goods imports
$52.1B
2024
$72.3B
2024
Goods exports
$76.2B
2024
$39.3B
2024
Service imports
$15.1B
2024
$22.9B
2024
Service exports
$7.15B
2024
$17.3B
2024
Imports of goods and services, % of GDP
22.9%
2024
48.3%
2024
Exports of goods and services, % of GDP
28.5%
2024
29.4%
2024

Economic freedom indices

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

Peru Ukraine
Economic freedom 66.3 54.1
Economic freedom ranking 62/197 135/197
Property rights 44 21.6
Government integrity 35 35
Judicial effectiveness 47.8 28.2
Tax burden 79.4 83.7
Government spending 84.8 0
Fiscal health 87.4 3.9
Business freedom 73.1 57.4
Labor freedom 64.7 46.9
Monetary freedom 77.6 65.7
Trade freedom 81.6 73
Investment freedom 60 35
Financial freedom 60 30

Economic freedom comparison by year

Peru
Ukraine
1x
Year Economic freedom index
Peru Ukraine
2026 66.3 -
2025 65.9 -
2024 64.8 -
2023 66.5 -
2022 66.5 54.1
2021 67.7 56.2
2020 67.9 54.9
2019 67.8 52.3
2018 68.7 51.9
2017 68.9 48.1
2016 67.4 46.8
2015 67.7 46.9
2014 67.4 49.3
2013 68.2 46.3
2012 68.7 46.1
2011 68.6 45.8
2010 67.6 46.4
2009 64.6 48.8
2008 63.8 51
2007 62.7 51.5
2006 60.5 54.4
2005 61.3 55.8
2004 64.7 53.7
2003 64.6 51.1
2002 64.8 48.2
2001 69.6 48.5
2000 68.7 47.8
1999 69.2 43.7
1998 65 40.4
1997 63.8 43.5
1996 62.5 40.6
1995 56.9 39.9

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

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

The Economic Freedom Index for Peru is 66.3, ranking 62/197, compared to 54.1 for Ukraine, ranking 135/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Peru Ukraine
Services, % of GDP
51.3%
2024
60.6%
2024
Industry, % of GDP
34%
2024
19%
2024
Agriculture, forestry, and fishing, % of GDP
7.34%
2024
7.11%
2024
GNI, Atlas method
$257B
2024
$184B
2024
GNI per capita, PPP
$16,780
2024
$18,560
2024
Total reserves including gold
$79.2B
2024
$43.8B
2024
Total reserves ranking
33/177
2024
46/177
2024
Net foreign direct investment
-$5.63B
2024
-$3.71B
2024
Net inflows of foreign direct investment
$6.8B
2024
$4.02B
2024
Net outflows of foreign direct investment
$1.17B
2024
$305M
2024
Servicing debt to the IMF, % of GNI
5.58%
2024
5.42%
2024
Poverty at national poverty lines
27.6%
2024
23.2%
2020
Gross capital formation, % of GDP
19.4%
2024
18.6%
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/ukraine | 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.