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Economy of Peru vs Zimbabwe compared: GDP & Debt

Updated on by Georank team

Peru has a GDP of $289B compared to $41.5B for Zimbabwe, ranking 49/197 and 102/197 by economy size, respectively.

Peru has $93B in government debt (32.2% of GDP), compared to $30.3B (73% of GDP) in Zimbabwe.

Peru vs Zimbabwe GDP by year

Peru
Zimbabwe
1x
Year GDP, current $
Peru Zimbabwe
2024 $289,221,969,063 $41,539,411,516
2023 $266,958,720,838 $35,871,779,681
2022 $246,065,570,308 $40,757,561,709
2021 $226,328,766,460 $41,287,673,690
2020 $201,409,694,756 $31,980,334,561
2019 $228,346,006,004 $33,357,695,635
2018 $222,597,009,739 $34,141,666,667
2017 $211,007,984,081 $51,035,657,371
2016 $191,898,104,390 $20,559,250,000
2015 $189,802,976,286 $19,973,250,000
2014 $200,786,250,583 $19,505,500,000
2013 $201,175,543,571 $19,100,750,000
2012 $192,650,021,649 $17,123,500,000
2011 $171,761,737,047 $14,109,000,000
2010 $147,527,631,521 $12,047,750,000
2009 $120,822,986,521 $9,670,750,000
2008 $120,550,599,815 $4,418,000,000
2007 $102,170,981,144 $5,294,750,000
2006 $88,643,193,062 $5,446,750,000
2005 $76,060,606,061 $5,758,250,000
2004 $66,768,703,498 $5,808,500,000
2003 $58,731,030,122 $5,730,500,000
2002 $54,777,553,515 $6,345,250,000
2001 $52,030,158,775 $6,780,750,000
2000 $51,744,749,133 $6,693,250,000
1999 $50,187,324,568 $6,861,500,000
1998 $55,501,467,877 $6,405,250,000
1997 $58,147,522,523 $8,534,000,000
1996 $55,252,414,130 $8,557,500,000
1995 $53,312,793,687 $7,115,000,000
1994 $44,882,079,767 $6,894,250,000
1993 $34,832,077,221 $6,567,250,000
1992 $35,966,302,303 $6,755,000,000
1991 $34,341,465,998 $8,646,000,000
1990 $26,410,386,963 $8,788,301,546
1989 $22,499,558,526 $8,290,553,535
1988 $15,439,408,447 $7,818,774,177
1987 $36,889,706,593 $6,744,657,033
1986 $21,859,448,586 $6,220,698,247
1985 $15,078,736,875 $5,640,137,575
1984 $17,600,400,385 $6,355,369,172
1983 $17,345,260,564 $7,768,031,182
1982 $21,794,535,621 $8,544,060,905
1981 $21,648,214,893 $8,015,464,252
1980 $18,136,838,538 $6,682,278,300
1979 $15,954,012,439 $5,180,102,910
1978 $12,491,876,743 $4,353,822,343
1977 $14,544,913,961 $4,366,610,469
1976 $16,131,958,851 $4,320,576,877
1975 $16,931,162,355 $4,373,532,601
1974 $13,858,441,211 $3,984,194,614
1973 $10,994,381,895 $3,311,043,292
1972 $9,189,413,409 $2,679,096,597
1971 $8,289,582,884 $2,179,828,710
1970 $7,432,223,177 $1,885,168,339
1969 $6,420,909,790 $1,748,891,294
1968 $5,736,083,835 $1,480,355,355
1967 $6,194,340,080 $1,397,715,282
1966 $6,109,048,737 $1,282,403,936
1965 $5,163,008,077 $1,312,105,394
1964 $4,353,664,867 $1,217,759,447
1963 $3,598,272,493 $1,160,103,724
1962 $3,284,322,201 $1,118,172,226
1961 $2,897,852,693 $1,097,206,526
1960 $2,571,986,572 $1,053,528,036

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

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

GDP per capita in Peru vs Zimbabwe by year

Peru
GDP per capita

GDP per capita, PPP
Zimbabwe
GDP per capita

GDP per capita, PPP
1x
Year Current $
Peru Zimbabwe
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $8,452 $17,802 $2,497 $5,928
2023 $7,888 $17,011 $2,195 $5,791
2022 $7,351 $16,669 $2,536 $5,396
2021 $6,826 $15,281 $2,614 $4,827
2020 $6,133 $12,563 $2,060 $4,179
2019 $7,037 $13,564 $2,184 $4,166
2018 $6,978 $13,078 $2,271 $3,993
2017 $6,736 $12,592 $3,445 $10,756
2016 $6,217 $12,067 $1,408 $4,275
2015 $6,232 $11,600 $1,387 $4,046
2014 $6,667 $11,518 $1,373 $3,903
2013 $6,747 $11,291 $1,363 $3,784
2012 $6,519 $10,757 $1,239 $3,472
2011 $5,861 $10,463 $1,038 $3,047
2010 $5,072 $9,713 $902 $2,661
2009 $4,181 $8,917 $736 $2,233
2008 $4,198 $8,820 $341 $1,987
2007 $3,581 $7,982 $414 $2,396
2006 $3,130 $7,214 $431 $2,454
2005 $2,707 $6,560 $461 $2,496
2004 $2,397 $6,038 $470 $2,591
2003 $2,129 $5,657 $468 $2,708
2002 $2,007 $5,383 $525 $3,238
2001 $1,930 $5,086 $566 $3,533
2000 $1,945 $5,012 $563 $3,429
1999 $1,917 $4,847 $582 $3,491
1998 $2,156 $4,791 $552 $3,527
1997 $2,301 $4,844 $751 $3,457
1996 $2,227 $4,556 $767 $3,372
1995 $2,190 $4,435 $648 $3,051
1994 $1,879 $4,123 $634 $3,012
1993 $1,488 $3,666 $605 $2,703
1992 $1,567 $3,472 $631 $2,651
1991 $1,527 $3,484 $831 $2,930
1990 $1,200 $3,367 $867 $2,757
1989 $1,045 - $840 -
1988 $733 - $816 -
1987 $1,792 - $726 -
1986 $1,087 - $693 -
1985 $767 - $649 -
1984 $918 - $757 -
1983 $927 - $959 -
1982 $1,194 - $1,096 -
1981 $1,216 - $1,069 -
1980 $1,045 - $949 -
1979 $942 - $779 -
1978 $756 - $665 -
1977 $903 - $677 -
1976 $1,026 - $687 -
1975 $1,104 - $717 -
1974 $927 - $674 -
1973 $754 - $579 -
1972 $647 - $483 -
1971 $599 - $406 -
1970 $550 - $361 -
1969 $488 - $346 -
1968 $448 - $302 -
1967 $498 - $294.4 -
1966 $505 - $278.7 -
1965 $439 - $294.3 -
1964 $381 - $281.9 -
1963 $324 - $277.1 -
1962 $305 - $275.7 -
1961 $276.6 - $279.2 -
1960 $252.8 - $276.6 -

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

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

Peru's GDP per capita is $8,452, ranking 91/197, compared to $2,497 in Zimbabwe, ranking 148/197. Adjusted for purchasing power (GDP per capita PPP), Peru ranks 104th at $17,802, while Zimbabwe ranks 154th at $5,928.

Economic indicators

Peru Zimbabwe
Gross domestic product
$289B
2024
$41.5B
2024
GDP rank
49/197
2024
102/197
2024
GDP growth
3.3%
2023-2024
1.74%
2023-2024
GDP per capita
$8,452
2024
$2,497
2024
GDP per capita rank
91/197
2024
148/197
2024
GDP per capita, PPP
$17,802
2024
$5,928
2024
GDP per capita PPP rank
104/197
2024
154/197
2024
Government debt
$93B
2024
$30.3B
2024
Debt-to-GDP ratio
32.2%
2024
73%
2024
Government debt per person
$2,717
2024
$1,824
2024
Government debt per person rank
108/185
2024
121/185
2024
Average annual personal income after taxes
$7,290
2026
$2,897
2026
Market capitalization of domestic companies
$82.2B
2024
$2.46B
1999
Number of billionaires n/a
1
2025
Income share by richest 10%
30.3%
2024
40.5%
2019
Income share by poorest 10%
2%
2024
1.9%
2019
Government expenditure, % of GDP
22.3%
2024
12.9%
2024
Consumer prices inflation
2.01%
2023-2024
736%
2023-2024
Central bank interest rate
4.25%
2025
35%
2024
Unemployment rate
4.86%
2024
12.1%
2024
Population
35031596
17361868

Spending and national debt comparison by year

Peru
Spending

Debt
Zimbabwe
Spending

Debt
1x
Year % of GDP
Peru Zimbabwe
Government spending Government debt Government spending Government debt
2024 22.3% 32.2% 12.9% 73%
2023 22.1% 32.4% 15.5% 76.1%
2022 23.1% 33.5% 14.4% 66.8%
2021 23.1% 35.5% 12.8% 39.9%
2020 25.6% 34.3% 9.27% 56.8%
2019 20.8% 26.5% 9.36% 53.9%
2018 21% 25.7% 13.9% 33%
2017 20.6% 24.8% 19.8% 49%
2016 20.5% 23.9% 16.6% 35.1%
2015 22% 23.7% 14.7% 34.1%
2014 22.4% 20.5% 14.1% 29.2%
2013 21.5% 19.9% 14.7% 26.4%
2012 20.3% 20.7% 14.6% 27.2%
2011 19.8% 23.1% 16.2% 30%
2010 21% 25.1% 12.8% 33.2%
2009 21.3% 28.2% 7.93% 39.7%
2008 19.9% 28.1% 2.54% 41.3%
2007 18.6% 31.9% 3.43% 30.2%
2006 19.2% 34.9% 5.72% 26.7%
2005 20.4% 40.4% 10.5% 22.4%
2004 19.6% 46.7% - -
2003 20.1% 49.4% - -
2002 19.6% 45.5% - -
2001 20.9% 43.8% - -
2000 21.7% 44.9% - -
1999 17.8% 41.1% - -
1998 16.3% 36.8% - -
1997 15.6% 34.5% - -
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 (2000–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

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

In 2024, Peru's government spending was $64.4B, accounting for 22.3% of its GDP, while Zimbabwe spent $5.37B, or 12.9% of GDP.

Debt-to-GDP ratio is 32.2% in Peru and 73% in Zimbabwe, ranking 154/185 and 50/185, respectively.

Government deficit by year

Deficit/surplus
Peru

Zimbabwe
1x
Year Deficit/surplus, % of GDP
Peru Zimbabwe
2024 -3.54% -1.06%
2023 -2.78% -3.9%
2022 -1.38% -3.3%
2021 -2.49% -2.24%
2020 -8.16% -0.34%
2019 -1.37% -1.72%
2018 -1.94% -3.81%
2017 -2.79% -7.37%
2016 -2.12% -4.63%
2015 -2.02% -1.45%
2014 -0.19% -0.71%
2013 0.75% -0.69%
2012 2.07% -0.13%
2011 2.05% -1.72%
2010 -0.02% -0.11%
2009 -1.48% -1.39%
2008 2.48% -1.2%
2007 3.35% -1.67%
2006 2.03% -1.4%
2005 -0.44% -3.46%
2004 -1.03% -
2003 -1.62% -
2002 -1.4% -
2001 -2.15% -
2000 -2.12% -
1999 -2.93% -
1998 -0.2% -
1997 0.47% -
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 (2000–2024, retrieved 2026-02-20).

GeoRank.org/economy/peru/zimbabwe | 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 Zimbabwe's deficit of $438M, or 1.06% of GDP.

Over the past 20 years, Peru recorded a fiscal deficit in 14 of those years, while Zimbabwe ran a deficit in 20 years. On average, Peru posted an annual deficit equal to 0.9% of GDP, compared to deficit of 2.11% of GDP for Zimbabwe.

Inflation comparison by year

Inflation
Peru

Zimbabwe
1x
Year Consumer prices inflation
Peru Zimbabwe
2024 2.01% 736%
2023 6.46% 667%
2022 8.33% 193.4%
2021 4.27% 98.5%
2020 2% 557%
2019 2.25% 255.3%
2018 1.51% 10.6%
2017 2.99% 0.9%
2016 3.56% -1.6%
2015 3.4% -2.4%
2014 3.41% -0.2%
2013 2.77% 1.6%
2012 3.61% 3.7%
2011 3.37% 3.5%
2010 1.53% 3%
2009 2.94% 6.2%
2008 5.79% 157%
2007 1.78% -72.7%
2006 2% 33%
2005 1.62% -31.5%
2004 3.66% 113.6%
2003 2.26% -8.6%
2002 0.19% -34.4%
2001 1.98% -37.2%
2000 3.76% 4.5%
1999 3.47% -13.4%
1998 7.25% -28%
1997 8.56% -1%

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/zimbabwe | CC BY

Over the past 28 years, Peru has recorded an average annual inflation rate of 3.45%, compared with 93.4% in Zimbabwe. In 2024, inflation was 2.01% in Peru and 736% in Zimbabwe.

Top exports between countries

Peru
Export category Export value
Weapons & explosives $109K
Machinery & equipment $97K
Chemicals & pharma $37K
Metals $10K
Zimbabwe
Export category Export value
Raw materials & minerals $1K
Textiles & consumer goods $1K

Balance of trade

Peru Zimbabwe
Current account balance
$6.39B
2024
$501M
2024
Current account balance ranking
29/190
2024
62/190
2024
Current account balance, % of GDP
+2.21%
2024
+1.21%
2024
Goods imports
$52.1B
2024
$9.06B
2024
Goods exports
$76.2B
2024
$7.79B
2024
Service imports
$15.1B
2024
$1.66B
2024
Service exports
$7.15B
2024
$457M
2024
Imports of goods and services, % of GDP
22.9%
2024
23.4%
2024
Exports of goods and services, % of GDP
28.5%
2024
18%
2024

Economic freedom indices

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

Peru Zimbabwe
Economic freedom 66.3 35.2
Economic freedom ranking 62/197 190/197
Property rights 44 19.4
Government integrity 35 20.7
Judicial effectiveness 47.8 16.8
Tax burden 79.4 73.6
Government spending 84.8 93.9
Fiscal health 87.4 52.4
Business freedom 73.1 42
Labor freedom 64.7 33.3
Monetary freedom 77.6 0
Trade freedom 81.6 50.4
Investment freedom 60 10
Financial freedom 60 10

Economic freedom comparison by year

Peru
Zimbabwe
1x
Year Economic freedom index
Peru Zimbabwe
2026 66.3 35.2
2025 65.9 35.1
2024 64.8 38.2
2023 66.5 39
2022 66.5 33.1
2021 67.7 39.5
2020 67.9 43.1
2019 67.8 40.4
2018 68.7 44
2017 68.9 44
2016 67.4 38.2
2015 67.7 37.6
2014 67.4 35.5
2013 68.2 28.6
2012 68.7 26.3
2011 68.6 22.1
2010 67.6 21.4
2009 64.6 22.7
2008 63.8 29.5
2007 62.7 32
2006 60.5 33.5
2005 61.3 35.2
2004 64.7 34.4
2003 64.6 36.7
2002 64.8 36.7
2001 69.6 38.8
2000 68.7 48.7
1999 69.2 47.2
1998 65 44.6
1997 63.8 48
1996 62.5 46.7
1995 56.9 48.5

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

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

The Economic Freedom Index for Peru is 66.3, ranking 62/197, compared to 35.2 for Zimbabwe, ranking 190/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Peru Zimbabwe
Services, % of GDP
51.3%
2024
50.6%
2024
Industry, % of GDP
34%
2024
35%
2024
Agriculture, forestry, and fishing, % of GDP
7.34%
2024
8.69%
2024
GNI, Atlas method
$257B
2024
$39.9B
2024
GNI per capita, PPP
$16,780
2024
$5,870
2024
Total reserves including gold
$79.2B
2024
$485M
2024
Total reserves ranking
33/177
2024
157/177
2024
Net foreign direct investment
-$5.63B
2024
-$465M
2024
Net inflows of foreign direct investment
$6.8B
2024
$465M
2024
Net outflows of foreign direct investment
$1.17B
2024
$131M
2024
Servicing debt to the IMF, % of GNI
5.58%
2024
3.44%
2024
Poverty at national poverty lines
27.6%
2024
38.3%
2019
Gross capital formation, % of GDP
19.4%
2024
8.85%
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/zimbabwe | 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 (2000–2024, 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 (2022–2024, 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.