Peru GDP Trends from 1980 to 2024: A overall increase with some decline Flow

Peru's GDP changed from approximately $20B 190M in 1980 to $282B 458M in 2024, showing an overall 1299.0% sharply increased during the period.
The lowest GDP was recorded in 1985 at $16B 823M, and the highest in 2024 at $282B 458M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 6.2%.
For comparison, the average annual growth rate of Chile was 5.7%, and that of Ecuador was 4.7%.

Overview of Peru's GDP (1980–2024)

The Gross Domestic Product (GDP) of Peru recorded a 1299.0% sharply increased from 1980 to 2024.
The average GDP during this period was $104B 430M, and the median was $56B 281M.
GDP fluctuated within a range of $265B 635M, with a standard deviation of $83B 858M.
The average annual change was $5B 971M.


Peru GDP from 1980 to 2024

The total market value of goods and services produced annually in Peru.

Change Chart

    Highest and Lowest GDP Records

    • Lowest GDP: 1985, $16B 823M
    • Highest GDP: 2024, $282B 458M
    • Most Recent GDP: 2024, $282B 458M

    Notable Annual GDP Changes

    • 2010: Significant increase in GDP
    • 2020: Noticeable drop in GDP

    Overall pattern: overall increase with some decline


    Global Economic Events and Peru's GDP

    COVID-19 Pandemic (2020)

    • Period: From 2019 to 2020
    • GDP Change: $232B 419M → $206B 199M
    • Outcome: sharply declined

    2008 Global Financial Crisis

    • Period: From 2007 to 2009
    • GDP Change: $102B 187M → $121B 821M
    • Outcome: sharply increased

    2001 Dot-com Bubble Burst

    • Period: From 2000 to 2001
    • GDP Change: $50B 414M → $51B 34M
    • Outcome: increased

    1998 Asian Financial Crisis

    • Period: From 1997 to 1998
    • GDP Change: $56B 281M → $53B 918M
    • Outcome: declined

    Key Economic Indicators of Peru (1980–2024)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    1980
    $ 20B 190M
    $ 1,150.69
    $ 3,073.92
    $ 53B 935M
    7.661 %
    -5.175 %
    30.54 %
    0 %
    17M 546K people
    1981
    $ 24B 398M
    $ 1,356.40
    $ 3,461.45
    $ 62B 263M
    5.461 %
    -9.673 %
    29.01 %
    0 %
    17M 987K people
    1982
    $ 24B 259M
    $ 1,316.28
    $ 3,575.51
    $ 65B 896M
    -0.324 %
    -9.142 %
    31.01 %
    0 %
    18M 430K people
    1983
    $ 18B 863M
    $ 999.44
    $ 3,289.73
    $ 62B 88M
    -9.329 %
    -6.842 %
    23.56 %
    0 %
    18M 873K people
    1984
    $ 19B 442M
    $ 1,006.42
    $ 3,456.47
    $ 66B 774M
    3.801 %
    -1.381 %
    25.14 %
    0 %
    19M 318K people
    1985
    $ 16B 823M
    $ 851.14
    $ 3,557.86
    $ 70B 324M
    2.089 %
    0.301 %
    24.06 %
    0 %
    19M 766K people
    1986
    $ 25B 241M
    $ 1,248.39
    $ 3,977.78
    $ 80B 425M
    12.106 %
    -5.432 %
    19.94 %
    0 %
    20M 219K people
    1987
    $ 41B 681M
    $ 2,015.88
    $ 4,294.53
    $ 88B 796M
    7.738 %
    -4.307 %
    20.65 %
    0 %
    20M 676K people
    1988
    $ 32B 978M
    $ 1,560.37
    $ 3,939.81
    $ 83B 266M
    -9.422 %
    -5.438 %
    23.14 %
    0 %
    21M 135K people
    1989
    $ 40B 699M
    $ 1,885.29
    $ 3,470.32
    $ 74B 917M
    -13.422 %
    -0.539 %
    21.82 %
    0 %
    21M 588K people
    1990
    $ 28B 326M
    $ 1,285.66
    $ 3,348.09
    $ 73B 765M
    -5.09 %
    -5.148 %
    15.86 %
    0 %
    22M 32K people
    1991
    $ 33B 988M
    $ 1,511.94
    $ 3,467.62
    $ 77B 952M
    2.219 %
    -4.464 %
    13.66 %
    0 %
    22M 480K people
    1992
    $ 35B 377M
    $ 1,543.24
    $ 3,459.15
    $ 79B 298M
    -0.541 %
    -5.417 %
    10.53 %
    0 %
    22M 924K people
    1993
    $ 34B 330M
    $ 1,469.21
    $ 3,656.34
    $ 85B 434M
    5.244 %
    -7.174 %
    10.46 %
    0 %
    23M 366K people
    1994
    $ 43B 225M
    $ 1,815.74
    $ 4,116.52
    $ 97B 998M
    12.308 %
    -6.242 %
    12.84 %
    0 %
    23M 806K people
    1995
    $ 51B 380M
    $ 2,119.38
    $ 4,432.94
    $ 107B 468M
    7.411 %
    -8.999 %
    12.67 %
    0 %
    24M 243K people
    1996
    $ 53B 412M
    $ 2,163.40
    $ 4,556.64
    $ 112B 499M
    2.799 %
    -6.823 %
    12.90 %
    0 %
    24M 689K people
    1997
    $ 56B 281M
    $ 2,238.26
    $ 4,845.90
    $ 121B 850M
    6.476 %
    -5.983 %
    15.15 %
    0 %
    25M 145K people
    1998
    $ 53B 918M
    $ 2,106.75
    $ 4,795.74
    $ 122B 737M
    -0.392 %
    -6.193 %
    14.65 %
    0 %
    25M 593K people
    1999
    $ 48B 719M
    $ 1,872.79
    $ 4,856.42
    $ 126B 335M
    1.495 %
    -2.833 %
    15.35 %
    0 %
    26M 14K people