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.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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 |
