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%.
Peru GDP from 1980 to 2024
The total market value of goods and services produced annually in Peru.
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.
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)
| year | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
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 |