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Economy of Peru vs United Arab Emirates compared: GDP & Debt

Updated on by Georank team

Peru has a GDP of $289B compared to $552B for the United Arab Emirates, ranking 49/197 and 27/197 by economy size, respectively.

Peru has $93B in government debt (32.2% of GDP), compared to $193B (34.9% of GDP) in the United Arab Emirates.

Peru vs United Arab Emirates GDP by year

Peru
United Arab Emirates
1x
Year GDP, current $
Peru UAE
2024 $289,221,969,063 $552,324,846,835
2023 $266,958,720,838 $522,622,191,967
2022 $246,065,570,308 $511,403,403,676
2021 $226,328,766,460 $422,441,388,700
2020 $201,409,694,756 $357,161,878,829
2019 $228,346,006,004 $433,926,208,305
2018 $222,597,009,739 $440,560,108,918
2017 $211,007,984,081 $403,365,010,211
2016 $191,898,104,390 $381,717,086,453
2015 $189,802,976,286 $381,973,042,886
2014 $200,786,250,583 $424,935,874,745
2013 $201,175,543,571 $409,632,675,289
2012 $192,650,021,649 $392,793,464,942
2011 $171,761,737,047 $368,881,143,635
2010 $147,527,631,521 $307,736,419,333
2009 $120,822,986,521 $253,547,358,747
2008 $120,550,599,815 $315,474,615,739
2007 $102,170,981,144 $257,916,133,424
2006 $88,643,193,062 $222,116,541,865
2005 $76,060,606,061 $180,617,467,965
2004 $66,768,703,498 $147,824,370,320
2003 $58,731,030,122 $124,346,358,067
2002 $54,777,553,515 $109,816,201,498
2001 $52,030,158,775 $103,311,640,572
2000 $51,744,749,133 $104,337,372,362
1999 $50,187,324,568 $84,445,473,111
1998 $55,501,467,877 $75,674,336,283
1997 $58,147,522,523 $78,839,008,445
1996 $55,252,414,130 $73,571,233,996
1995 $53,312,793,687 $65,743,666,576
1994 $44,882,079,767 $59,305,093,980
1993 $34,832,077,221 $55,625,170,253
1992 $35,966,302,303 $54,239,171,888
1991 $34,341,465,998 $51,552,165,622
1990 $26,410,386,963 $50,701,443,748
1989 $22,499,558,526 $41,464,995,914
1988 $15,439,408,447 $36,275,674,203
1987 $36,889,706,593 $36,384,908,744
1986 $21,859,448,586 $33,943,612,095
1985 $15,078,736,875 $40,603,650,232
1984 $17,600,400,385 $41,807,954,236
1983 $17,345,260,564 $42,803,323,345
1982 $21,794,535,621 $46,622,718,605
1981 $21,648,214,893 $49,333,424,135
1980 $18,136,838,538 $43,599,160,050
1979 $15,954,012,439 $31,225,659,621
1978 $12,491,876,743 $23,775,764,225
1977 $14,544,913,961 $24,871,775,165
1976 $16,131,958,851 $19,213,158,779
1975 $16,931,162,355 $14,720,728,249
1974 $13,858,441,211 $11,651,505,689
1973 $10,994,381,895 $4,231,243,616
1972 $9,189,413,409 $1,415,086,929
1971 $8,289,582,884 $939,893,600
1970 $7,432,223,177 $685,986,701
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/united-arab-emirates | CC BY

GDP per capita in Peru vs United Arab Emirates by year

Peru
GDP per capita

GDP per capita, PPP
United Arab Emirates
GDP per capita

GDP per capita, PPP
1x
Year Current $
Peru UAE
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $8,452 $17,802 $50,274 $79,229
2023 $7,888 $17,011 $49,851 $77,955
2022 $7,351 $16,669 $50,760 $75,072
2021 $6,826 $15,281 $44,119 $68,580
2020 $6,133 $12,563 $37,992 $66,791
2019 $7,037 $13,564 $45,939 $79,816
2018 $6,978 $13,078 $47,135 $77,446
2017 $6,736 $12,592 $43,734 $70,282
2016 $6,217 $12,067 $42,721 $69,987
2015 $6,232 $11,600 $44,910 $73,986
2014 $6,667 $11,518 $52,725 $87,478
2013 $6,747 $11,291 $53,247 $87,526
2012 $6,519 $10,757 $53,142 $89,198
2011 $5,861 $10,463 $51,922 $89,665
2010 $5,072 $9,713 $44,795 $85,120
2009 $4,181 $8,917 $37,803 $84,780
2008 $4,198 $8,820 $50,054 $94,628
2007 $3,581 $7,982 $45,855 $100,813
2006 $3,130 $7,214 $44,343 $106,814
2005 $2,707 $6,560 $38,719 $101,301
2004 $2,397 $6,038 $33,377 $98,661
2003 $2,129 $5,657 $29,660 $92,636
2002 $2,007 $5,383 $27,754 $88,467
2001 $1,930 $5,086 $27,745 $90,370
2000 $1,945 $5,012 $29,866 $92,899
1999 $1,917 $4,847 $25,856 $87,658
1998 $2,156 $4,791 $24,889 $90,229
1997 $2,301 $4,844 $27,983 $96,009
1996 $2,227 $4,556 $28,323 $94,620
1995 $2,190 $4,435 $27,003 $93,702
1994 $1,879 $4,123 $25,473 $89,959
1993 $1,488 $3,666 $25,033 $86,330
1992 $1,567 $3,472 $25,648 $87,509
1991 $1,527 $3,484 $25,691 $87,250
1990 $1,200 $3,367 $26,710 $88,455
1989 $1,045 - $23,167 -
1988 $733 - $21,570 -
1987 $1,792 - $23,113 -
1986 $1,087 - $23,132 -
1985 $767 - $29,468 -
1984 $918 - $32,012 -
1983 $927 - $34,650 -
1982 $1,194 - $39,972 -
1981 $1,216 - $44,854 -
1980 $1,045 - $42,925 -
1979 $942 - $34,238 -
1978 $756 - $29,379 -
1977 $903 - $35,020 -
1976 $1,026 - $31,197 -
1975 $1,104 - $27,117 -
1974 $927 - $23,823 -
1973 $754 - $9,696 -
1972 $647 - $3,675 -
1971 $599 - $2,805 -
1970 $550 - $2,394 -
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/united-arab-emirates | CC BY

Peru's GDP per capita is $8,452, ranking 91/197, compared to $50,274 in the United Arab Emirates, ranking 24/197. Adjusted for purchasing power (GDP per capita PPP), Peru ranks 104th at $17,802, while the United Arab Emirates ranks 16th at $79,229.

Economic indicators

Peru UAE
Gross domestic product
$289B
2024
$552B
2024
GDP rank
49/197
2024
27/197
2024
GDP growth
3.3%
2023-2024
3.99%
2023-2024
GDP per capita
$8,452
2024
$50,274
2024
GDP per capita rank
91/197
2024
24/197
2024
GDP per capita, PPP
$17,802
2024
$79,229
2024
GDP per capita PPP rank
104/197
2024
16/197
2024
Government debt
$93B
2024
$193B
2024
Debt-to-GDP ratio
32.2%
2024
34.9%
2024
Government debt per person
$2,717
2024
$17,568
2024
Government debt per person rank
108/185
2024
36/185
2024
Average annual personal income after taxes
$7,290
2026
$40,522
2026
Market capitalization of domestic companies
$82.2B
2024
$1.05T
2024
Number of millionaires n/a
339,000
2025
Number of billionaires n/a
6
2025
Income share by richest 10%
30.3%
2024
20.5%
2018
Income share by poorest 10%
2%
2024
2.8%
2018
Government expenditure, % of GDP
22.3%
2024
21.4%
2024
Consumer prices inflation
2.01%
2023-2024
1.7%
2023-2024
Central bank interest rate
4.25%
2025
3.65%
2025
Unemployment rate
4.86%
2024
1.88%
2024
Population
35031596
11686438

Spending and national debt comparison by year

Peru
Spending

Debt
United Arab Emirates
Spending

Debt
1x
Year % of GDP
Peru UAE
Government spending Government debt Government spending Government debt
2024 22.3% 32.2% 21.4% 34.9%
2023 22.1% 32.4% 22.7% 31.9%
2022 23.1% 33.5% 22.7% 31.5%
2021 23.1% 35.5% 25.9% 35.7%
2020 25.6% 34.3% 30.5% 30.1%
2019 20.8% 26.5% 27.4% 25.8%
2018 21% 25.7% 25.9% 20.7%
2017 20.6% 24.8% 27.2% 21.2%
2016 20.5% 23.9% 31.7% 18.6%
2015 22% 23.7% 26.4% 15.6%
2014 22.4% 20.5% 31.4% 13.5%
2013 21.5% 19.9% 28.9% 15.3%
2012 20.3% 20.7% 27.8% 20.2%
2011 19.8% 23.1% 29.6% 20.4%
2010 21% 25.1% 30.4% 18.3%
2009 21.3% 28.2% 35% 21.1%
2008 19.9% 28.1% 22% 8.95%
2007 18.6% 31.9% 17.7% 8.89%
2006 19.2% 34.9% 15.6% 5.05%
2005 20.4% 40.4% 15.7% 4.48%
2004 19.6% 46.7% 17.7% 4.08%
2003 20.1% 49.4% 20% 3.33%
2002 19.6% 45.5% 21.3% 3.43%
2001 20.9% 43.8% 25.2% 2.69%
2000 21.7% 44.9% 21.8% 3.12%
1999 17.8% 41.1% 24.3% 4.73%
1998 16.3% 36.8% 25.8% 4.18%
1997 15.6% 34.5% 22.6% 2.86%
1996 16.5% 37.4% 27.6% 3.48%
1995 17.5% 36.8% 26.1% 5.06%
1994 16.9% 41.9% 30.1% 5.58%
1993 18.2% 49.9% 31.5% 6.01%
1992 19.1% 46.8% 29.6% 5.31%
1991 15.7% 48.3% 36% 4.97%
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 (1991–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

GeoRank.org/economy/peru/united-arab-emirates | CC BY

In 2024, Peru's government spending was $64.4B, accounting for 22.3% of its GDP, while the United Arab Emirates spent $118B, or 21.4% of GDP.

Debt-to-GDP ratio is 32.2% in Peru and 34.9% in the United Arab Emirates, ranking 154/185 and 146/185, respectively.

Government deficit by year

Deficit/surplus
Peru

United Arab Emirates
1x
Year Deficit/surplus, % of GDP
Peru UAE
2024 -3.54% 6.41%
2023 -2.78% 5.82%
2022 -1.38% 9.8%
2021 -2.49% 3.96%
2020 -8.16% -2.42%
2019 -1.37% 2.5%
2018 -1.94% 3.65%
2017 -2.79% -0.16%
2016 -2.12% -2.95%
2015 -2.02% -6.35%
2014 -0.19% 1.74%
2013 0.75% 7.99%
2012 2.07% 8.59%
2011 2.05% 5.05%
2010 -0.02% 0.52%
2009 -1.48% -6.13%
2008 2.48% 17.6%
2007 3.35% 17.1%
2006 2.03% 20.2%
2005 -0.44% 16%
2004 -1.03% 6.4%
2003 -1.62% 2.35%
2002 -1.4% -1.24%
2001 -2.15% 1.21%
2000 -2.12% 10.7%
1999 -2.93% 1.31%
1998 -0.2% 1%
1997 0.47% 6.71%
1996 -0.25% 0.92%
1995 -2.05% 3.58%
1994 -1.9% -1.78%
1993 -2.82% -2.89%
1992 -3.55% 3.34%
1991 -1.98% 3.89%
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 (1991–2024, retrieved 2026-02-20).

GeoRank.org/economy/peru/united-arab-emirates | 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 the United Arab Emirates' surplus of $35.4B, or 6.41% of GDP.

Over the past 34 years, Peru recorded a fiscal deficit in 27 of those years, while the United Arab Emirates ran a deficit in 8 years. On average, Peru posted an annual deficit equal to 1.22% of GDP, compared to surplus of 4.25% of GDP for the United Arab Emirates.

Inflation comparison by year

Inflation
Peru

United Arab Emirates
1x
Year Consumer prices inflation
Peru UAE
2024 2.01% 1.7%
2023 6.46% 1.6%
2022 8.33% 4.8%
2021 4.27% -0.1%
2020 2% -2.1%
2019 2.25% -1.9%
2018 1.51% 3.1%
2017 2.99% 2%
2016 3.56% 1.6%
2015 3.4% 4.1%
2014 3.41% 2.3%
2013 2.77% 1.1%
2012 3.61% 0.7%
2011 3.37% 0.9%
2010 1.53% 0.9%
2009 2.94% -4.7%
2008 5.79% 12.3%
2007 1.78% 11.1%
2006 2% 9.3%
2005 1.62% 6.2%
2004 3.66% 5%
2003 2.26% 3.1%
2002 0.19% 2.9%
2001 1.98% 2.8%
2000 3.76% 1.3%
1999 3.47% 2.1%
1998 7.25% 2%
1997 8.56% 3%

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/united-arab-emirates | CC BY

Over the past 28 years, Peru has recorded an average annual inflation rate of 3.45%, compared with 2.75% in the United Arab Emirates. In 2024, inflation was 2.01% in Peru and 1.7% in the United Arab Emirates.

Top exports between countries

Peru
Export category Export value
Precious metals & jewellery $1.91B
Raw agricultural goods $11.4M
Metals $7.85M
Machinery & equipment $2.07M
Chemicals & pharma $1.88M
Raw materials & minerals $1.87M
Textiles & consumer goods $941K
Wood & paper products $691K
Animal & marine products $457K
Processed food, beverages & tobacco $155K
UAE
Export category Export value
Chemicals & pharma $31.7M
Machinery & equipment $14.1M
Raw materials & minerals $6.98M
Textiles & consumer goods $1.21M
Metals $1.1M
Raw agricultural goods $204K
Wood & paper products $163K
Animal & marine products $85K
Miscellaneous $17K
Precious metals & jewellery $9K

Balance of trade

Peru UAE
Current account balance
$6.39B
2024
$80B
2024
Current account balance ranking
29/190
2024
9/190
2024
Current account balance, % of GDP
+2.21%
2024
+14.5%
2024
Goods imports
$52.1B
2024
$400B
2024
Goods exports
$76.2B
2024
$467B
2024
Service imports
$15.1B
2024
$117B
2024
Service exports
$7.15B
2024
$181B
2024
Imports of goods and services, % of GDP
22.9%
2024
92.2%
2023
Exports of goods and services, % of GDP
28.5%
2024
106.8%
2023

Economic freedom indices

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

Peru UAE
Economic freedom 66.3 71.9
Economic freedom ranking 62/197 29/197
Property rights 44 62.9
Government integrity 35 65.3
Judicial effectiveness 47.8 34.4
Tax burden 79.4 99.9
Government spending 84.8 85.1
Fiscal health 87.4 97.6
Business freedom 73.1 84.5
Labor freedom 64.7 63.2
Monetary freedom 77.6 81.2
Trade freedom 81.6 78.6
Investment freedom 60 50
Financial freedom 60 60

Economic freedom comparison by year

Peru
United Arab Emirates
1x
Year Economic freedom index
Peru UAE
2026 66.3 71.9
2025 65.9 71.6
2024 64.8 71.1
2023 66.5 70.9
2022 66.5 70.2
2021 67.7 76.9
2020 67.9 76.2
2019 67.8 77.6
2018 68.7 77.6
2017 68.9 76.9
2016 67.4 72.6
2015 67.7 72.4
2014 67.4 71.4
2013 68.2 71.1
2012 68.7 69.3
2011 68.6 67.8
2010 67.6 67.3
2009 64.6 64.7
2008 63.8 62.6
2007 62.7 62.6
2006 60.5 62.2
2005 61.3 65.2
2004 64.7 67.2
2003 64.6 73.4
2002 64.8 73.6
2001 69.6 74.9
2000 68.7 74.2
1999 69.2 71.5
1998 65 72.2
1997 63.8 71.9
1996 62.5 71.6
1995 56.9 -

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

GeoRank.org/economy/peru/united-arab-emirates | CC BY

The Economic Freedom Index for Peru is 66.3, ranking 62/197, compared to 71.9 for the United Arab Emirates, ranking 29/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Peru UAE
Services, % of GDP
51.3%
2024
54.9%
2024
Industry, % of GDP
34%
2024
44.3%
2024
Agriculture, forestry, and fishing, % of GDP
7.34%
2024
0.77%
2024
GNI, Atlas method
$257B
2024
$566B
2024
GNI per capita, PPP
$16,780
2024
$81,530
2024
Total reserves including gold
$79.2B
2024
$238B
2024
Total reserves ranking
33/177
2024
14/177
2024
Net foreign direct investment
-$5.63B
2024
$31.5B
2024
Net inflows of foreign direct investment
$6.8B
2024
$45.6B
2024
Net outflows of foreign direct investment
$1.17B
2024
$77.2B
2024
Servicing debt to the IMF, % of GNI
5.58%
2024
n/a
Poverty at national poverty lines
27.6%
2024
19.5%
2020
Gross capital formation, % of GDP
19.4%
2024
26.6%
2023

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/united-arab-emirates | 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 (1991–2024, 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.