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Economy of Peru vs Vanuatu compared: GDP & Debt

Updated on by Georank team

Peru has a GDP of $289B compared to $1.12B for Vanuatu, ranking 49/197 and 188/197 by economy size, respectively.

Peru has $93B in government debt (32.2% of GDP), compared to $507M (45.3% of GDP) in Vanuatu.

Peru vs Vanuatu GDP by year

Peru
Vanuatu
1x
Year GDP, current $
Peru Vanuatu
2024 $289,221,969,063 $1,117,972,034
2023 $266,958,720,838 $1,115,861,056
2022 $246,065,570,308 $1,055,031,361
2021 $226,328,766,460 $950,394,007
2020 $201,409,694,756 $909,421,044
2019 $228,346,006,004 $936,526,268
2018 $222,597,009,739 $914,727,908
2017 $211,007,984,081 $880,043,284
2016 $191,898,104,390 $804,323,577
2015 $189,802,976,286 $759,690,181
2014 $200,786,250,583 $773,717,011
2013 $201,175,543,571 $758,304,466
2012 $192,650,021,649 $747,839,698
2011 $171,761,737,047 $770,153,588
2010 $147,527,631,521 $670,712,980
2009 $120,822,986,521 $592,622,319
2008 $120,550,599,815 $590,748,429
2007 $102,170,981,144 $516,392,923
2006 $88,643,193,062 $439,358,587
2005 $76,060,606,061 $394,962,433
2004 $66,768,703,498 $364,996,869
2003 $58,731,030,122 $314,471,413
2002 $54,777,553,515 $262,596,536
2001 $52,030,158,775 $257,926,882
2000 $51,744,749,133 $272,014,628
1999 $50,187,324,568 $268,006,973
1998 $55,501,467,877 $262,293,411
1997 $58,147,522,523 $272,771,209
1996 $55,252,414,130 $261,370,044
1995 $53,312,793,687 $249,333,250
1994 $44,882,079,767 $233,701,301
1993 $34,832,077,221 $200,491,853
1992 $35,966,302,303 $209,088,825
1991 $34,341,465,998 $201,334,169
1990 $26,410,386,963 $168,879,207
1989 $22,499,558,526 $154,013,202
1988 $15,439,408,447 $158,351,368
1987 $36,889,706,593 $139,464,174
1986 $21,859,448,586 $126,498,935
1985 $15,078,736,875 $131,856,421
1984 $17,600,400,385 $144,482,515
1983 $17,345,260,564 $117,389,554
1982 $21,794,535,621 $114,501,913
1981 $21,648,214,893 $113,781,796
1980 $18,136,838,538 $121,185,498
1979 $15,954,012,439 $119,258,835
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/vanuatu | CC BY

GDP per capita in Peru vs Vanuatu by year

Peru
GDP per capita

GDP per capita, PPP
Vanuatu
GDP per capita

GDP per capita, PPP
1x
Year Current $
Peru Vanuatu
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $8,452 $17,802 $3,411 $3,606
2023 $7,888 $17,011 $3,483 $3,568
2022 $7,351 $16,669 $3,370 $3,453
2021 $6,826 $15,281 $3,107 $3,136
2020 $6,133 $12,563 $3,043 $3,118
2019 $7,037 $13,564 $3,207 $3,315
2018 $6,978 $13,078 $3,207 $3,233
2017 $6,736 $12,592 $3,160 $3,146
2016 $6,217 $12,067 $2,956 $3,030
2015 $6,232 $11,600 $2,855 $2,966
2014 $6,667 $11,518 $2,973 $2,890
2013 $6,747 $11,291 $2,980 $2,832
2012 $6,519 $10,757 $3,005 $2,834
2011 $5,861 $10,463 $3,163 $2,816
2010 $5,072 $9,713 $2,815 $2,733
2009 $4,181 $8,917 $2,546 $2,730
2008 $4,198 $8,820 $2,604 $2,701
2007 $3,581 $7,982 $2,334 $2,573
2006 $3,130 $7,214 $2,035 $2,496
2005 $2,707 $6,560 $1,874 $2,287
2004 $2,397 $6,038 $1,774 $2,157
2003 $2,129 $5,657 $1,567 $2,070
2002 $2,007 $5,383 $1,341 $1,995
2001 $1,930 $5,086 $1,350 $2,125
2000 $1,945 $5,012 $1,460 $2,206
1999 $1,917 $4,847 $1,472 $2,084
1998 $2,156 $4,791 $1,471 $2,091
1997 $2,301 $4,844 $1,562 $2,087
1996 $2,227 $4,556 $1,529 $1,998
1995 $2,190 $4,435 $1,492 $1,961
1994 $1,879 $4,123 $1,431 $1,946
1993 $1,488 $3,666 $1,257 $1,789
1992 $1,567 $3,472 $1,344 $1,777
1991 $1,527 $3,484 $1,326 $1,737
1990 $1,200 $3,367 $1,141 $1,670
1989 $1,045 - $1,067 -
1988 $733 - $1,125 -
1987 $1,792 - $1,017 -
1986 $1,087 - $946 -
1985 $767 - $1,012 -
1984 $918 - $1,137 -
1983 $927 - $947 -
1982 $1,194 - $946 -
1981 $1,216 - $962 -
1980 $1,045 - $1,048 -
1979 $942 - $1,055 -
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/vanuatu | CC BY

Peru's GDP per capita is $8,452, ranking 91/197, compared to $3,411 in Vanuatu, ranking 137/197. Adjusted for purchasing power (GDP per capita PPP), Peru ranks 104th at $17,802, while Vanuatu ranks 170th at $3,606.

Economic indicators

Peru Vanuatu
Gross domestic product
$289B
2024
$1.12B
2024
GDP rank
49/197
2024
188/197
2024
GDP growth
3.3%
2023-2024
0.94%
2023-2024
GDP per capita
$8,452
2024
$3,411
2024
GDP per capita rank
91/197
2024
137/197
2024
GDP per capita, PPP
$17,802
2024
$3,606
2024
GDP per capita PPP rank
104/197
2024
170/197
2024
Government debt
$93B
2024
$507M
2024
Debt-to-GDP ratio
32.2%
2024
45.3%
2024
Government debt per person
$2,717
2024
$1,546
2024
Government debt per person rank
108/185
2024
131/185
2024
Average annual personal income after taxes
$7,290
2026
$3,164
2026
Market capitalization of domestic companies
$82.2B
2024
n/a
Income share by richest 10%
30.3%
2024
24.7%
2019
Income share by poorest 10%
2%
2024
3%
2019
Government expenditure, % of GDP
22.3%
2024
41.1%
2024
Consumer prices inflation
2.01%
2023-2024
11.2%
2022-2023
Central bank interest rate
4.25%
2025
n/a
Unemployment rate
4.86%
2024
4.05%
2020
Population
35031596
344750

Spending and national debt comparison by year

Peru
Spending

Debt
Vanuatu
Spending

Debt
1x
Year % of GDP
Peru Vanuatu
Government spending Government debt Government spending Government debt
2024 22.3% 32.2% 41.1% 45.3%
2023 22.1% 32.4% 41.6% 41.8%
2022 23.1% 33.5% 42% 42.8%
2021 23.1% 35.5% 44.4% 48.5%
2020 25.6% 34.3% 43.4% 48%
2019 20.8% 26.5% 39.8% 45.1%
2018 21% 25.7% 33.3% 45.3%
2017 20.6% 24.8% 37.1% 52.6%
2016 20.5% 23.9% 35.2% 42.5%
2015 22% 23.7% 42.4% 36.3%
2014 22.4% 20.5% 23.3% 20.2%
2013 21.5% 19.9% 22.9% 18.6%
2012 20.3% 20.7% 24.5% 19.3%
2011 19.8% 23.1% 25.1% 21.3%
2010 21% 25.1% 28.3% 20.2%
2009 21.3% 28.2% 27.6% 21.1%
2008 19.9% 28.1% 27.8% 21.2%
2007 18.6% 31.9% 22.5% 19.5%
2006 19.2% 34.9% 20.1% 22.2%
2005 20.4% 40.4% 18.3% 26.3%
2004 19.6% 46.7% 18.5% 30.4%
2003 20.1% 49.4% 18.8% 38.3%
2002 19.6% 45.5% 22.3% 38.8%
2001 20.9% 43.8% 22.3% 37%
2000 21.7% 44.9% 25.4% 36.1%
1999 17.8% 41.1% 23.9% 30.6%
1998 16.3% 36.8% 27.9% 28%
1997 15.6% 34.5% 22.2% 22.9%
1996 16.5% 37.4% 24.5% 23.1%
1995 17.5% 36.8% 28% 24.1%
1994 16.9% 41.9% 24.4% 21.6%
1993 18.2% 49.9% 26.2% 20.3%
1992 19.1% 46.8% 31.8% 21%
1991 15.7% 48.3% 33.2% 15.9%
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/vanuatu | CC BY

In 2024, Peru's government spending was $64.4B, accounting for 22.3% of its GDP, while Vanuatu spent $459M, or 41.1% of GDP.

Debt-to-GDP ratio is 32.2% in Peru and 45.3% in Vanuatu, ranking 154/185 and 119/185, respectively.

Government deficit by year

Deficit/surplus
Peru

Vanuatu
1x
Year Deficit/surplus, % of GDP
Peru Vanuatu
2024 -3.54% -2.34%
2023 -2.78% -0.95%
2022 -1.38% -6.5%
2021 -2.49% 2.38%
2020 -8.16% -1.95%
2019 -1.37% 2.81%
2018 -1.94% 6.26%
2017 -2.79% -1.2%
2016 -2.12% -0.72%
2015 -2.02% -8.66%
2014 -0.19% 1.44%
2013 0.75% -0.25%
2012 2.07% -1.7%
2011 2.05% -2.19%
2010 -0.02% -2.63%
2009 -1.48% -0.85%
2008 2.48% -0.04%
2007 3.35% 0.28%
2006 2.03% 0.49%
2005 -0.44% 1.86%
2004 -1.03% 0.8%
2003 -1.62% -1.35%
2002 -1.4% -3.63%
2001 -2.15% -3.33%
2000 -2.12% -6.28%
1999 -2.93% -0.55%
1998 -0.2% -6.65%
1997 0.47% -0.51%
1996 -0.25% -1.78%
1995 -2.05% -2.59%
1994 -1.9% -1.49%
1993 -2.82% -3.67%
1992 -3.55% -2.32%
1991 -1.98% -2.81%
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/vanuatu | 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 Vanuatu's deficit of $26.2M, or 2.34% of GDP.

Over the past 34 years, Peru recorded a fiscal deficit in 27 of those years, while Vanuatu ran a deficit in 26 years. On average, Peru posted an annual deficit equal to 1.22% of GDP, compared to deficit of 1.49% of GDP for Vanuatu.

Inflation comparison by year

Inflation
Peru

Vanuatu
1x
Year Consumer prices inflation
Peru Vanuatu
2024 2.01% -
2023 6.46% 11.2%
2022 8.33% 6.68%
2021 4.27% 2.34%
2020 2% 5.33%
2019 2.25% 2.76%
2018 1.51% 2.33%
2017 2.99% 3.08%
2016 3.56% 0.84%
2015 3.4% 2.48%
2014 3.41% 0.8%
2013 2.77% 1.46%
2012 3.61% 1.35%
2011 3.37% 0.87%
2010 1.53% 2.76%
2009 2.94% 4.3%
2008 5.79% 4.84%
2007 1.78% 3.94%
2006 2% 2.04%
2005 1.62% 1.2%
2004 3.66% 1.42%
2003 2.26% 3.02%
2002 0.19% 1.96%
2001 1.98% 3.58%
2000 3.76% 2.54%
1999 3.47% 2%
1998 7.25% 3.28%
1997 8.56% 2.83%

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

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

Over the past 27 years, Peru has recorded an average annual inflation rate of 3.51%, compared with 3.01% in Vanuatu. In 2023, inflation was 2.01% in Peru and 11.2% in Vanuatu.

Top exports between countries

Peru
Export category Export value
Machinery & equipment $9K
Vanuatu
Export category Export value

Balance of trade

Peru Vanuatu
Current account balance
$6.39B
2024
-$127M
2022
Current account balance ranking
29/190
2024
90/190
2022
Current account balance, % of GDP
+2.21%
2024
-12.1%
2022
Goods imports
$52.1B
2024
$350M
2022
Goods exports
$76.2B
2024
$73.6M
2022
Service imports
$15.1B
2024
$230M
2022
Service exports
$7.15B
2024
$78.5M
2022
Imports of goods and services, % of GDP
22.9%
2024
54.2%
2022
Exports of goods and services, % of GDP
28.5%
2024
9.43%
2022

Economic freedom indices

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

Peru Vanuatu
Economic freedom 66.3 61.1
Economic freedom ranking 62/197 92/197
Property rights 44 62.1
Government integrity 35 48.3
Judicial effectiveness 47.8 67.9
Tax burden 79.4 96.9
Government spending 84.8 48.1
Fiscal health 87.4 78.8
Business freedom 73.1 50.3
Labor freedom 64.7 41
Monetary freedom 77.6 72.1
Trade freedom 81.6 62
Investment freedom 60 65
Financial freedom 60 40

Economic freedom comparison by year

Peru
Vanuatu
1x
Year Economic freedom index
Peru Vanuatu
2026 66.3 61.1
2025 65.9 61.8
2024 64.8 62.2
2023 66.5 62.1
2022 66.5 62.9
2021 67.7 60.5
2020 67.9 60.7
2019 67.8 56.4
2018 68.7 69.5
2017 68.9 67.4
2016 67.4 60.8
2015 67.7 61.1
2014 67.4 59.5
2013 68.2 56.6
2012 68.7 56.6
2011 68.6 56.7
2010 67.6 56.4
2009 64.6 58.4
2008 63.8 -
2007 62.7 -
2006 60.5 -
2005 61.3 -
2004 64.7 -
2003 64.6 -
2002 64.8 -
2001 69.6 -
2000 68.7 -
1999 69.2 -
1998 65 -
1997 63.8 -
1996 62.5 -
1995 56.9 -

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

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

The Economic Freedom Index for Peru is 66.3, ranking 62/197, compared to 61.1 for Vanuatu, ranking 92/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Peru Vanuatu
Services, % of GDP
51.3%
2024
59.1%
2022
Industry, % of GDP
34%
2024
7.37%
2022
Agriculture, forestry, and fishing, % of GDP
7.34%
2024
24.3%
2022
GNI, Atlas method
$257B
2024
$1.28B
2024
GNI per capita, PPP
$16,780
2024
$4,140
2024
Total reserves including gold
$79.2B
2024
$615M
2024
Total reserves ranking
33/177
2024
152/177
2024
Net foreign direct investment
-$5.63B
2024
-$9.21M
2022
Net inflows of foreign direct investment
$6.8B
2024
$28.9M
2024
Net outflows of foreign direct investment
$1.17B
2024
$2.79M
2024
Servicing debt to the IMF, % of GNI
5.58%
2024
2.04%
2024
Poverty at national poverty lines
27.6%
2024
15.9%
2020
Gross capital formation, % of GDP
19.4%
2024
38.3%
2022

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/vanuatu | 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. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. TradeMap (2024, retrieved 2026-02-08)

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.