Peru

Peru moved up 1 place to 48th, passing Finland and closing on Portugal, but most of its +14.8% rise in US$ GDP, to US$334.9 billion, was exchange-rate and price effects, not output. Real growth was +3.4%. As of 2024, services made up 50.9% of output and industry 34.3%, with manufacturing at 12.2% and agriculture at 7.5%. Inflation was a mild 1.5%, unemployment 5.1% and government gross debt 30.1% of GDP.

High local prices push Peru 15 places lower on PPP per capita than on nominal. GDP per capita of US$9,684 ranks 91st of 196, while the PPP figure of $18,816 international dollars ranks 106th. The economy, about the size of the San Diego, CA metro area, has grown 6.5 times in US$ terms since 2000, when it ranked 53rd. The IMF projects a +42% rise to US$477.0 billion by 2030, which would place it 46th.