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Peru Debt to GDP Ratio

Peru's government debt to GDP is estimated at 32.8% for 2024, down from 33% in 2023. This decrease is expected due to a projected 3.0% GDP growth in 2024, recovering from a recession. The fiscal deficit is also anticipated to fall after increasing to 2.8% in 2023. Strong net international reserves of $78.0 billion support Peru's economic stability. Peru's record low government debt to GDP was 24% in 2015 and record high was 36.1% in 2021.

Yearly Historical Data (2015-2024)

(in %)
Year Debt to GDP Ratio
2024 32.8%
2023 33%
2022 34%
2021 36.1%
2020 34.9%
2019 26.9%
2018 25.9%
2017 25.4%
2016 24.5%
2015 24%
Peru Debt to GDP Ratio : Definition
Peru's government debt to GDP ratio compares total public sector debt to the nation's Gross Domestic Product. It is calculated by dividing the sum of all government liabilities by the total value of goods and services produced. This ratio shows Peru's ability to manage its debt relative to its economic size.
Indicator Last Value Prior Value Period
Current Account to GDP Ratio 2.2% 0.7% Dec'24
Interest Rate 4.25% 4.5% Oct'25
Private Credit (% GDP) 45.67% 47.13% 2022