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Peru's Central Government Debt (% of GDP), 2002-2022

Peru's Central Government Debt (% of GDP), 2002-2022

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TGM StatBox. (2024). Peru's Central Government Debt (% of GDP), 2002-2022. TGM StatBox.
Chart Details
Data Source: International Monetary Fund (IMF)
Timeframe: 1990-2022
Country: Peru
Published date: 2024
Note: The Central Government Debt (Percent of GDP) by the International Monetary Fund (IMF) refers to the total debt owed by a country's central government as a percentage of its Gross Domestic Product (GDP).
Key Takeaways
Peru demonstrated effective debt management between 2002 and 2019, reducing its central government debt from 43.4% in 2002 to 23.04% in 2019. Economic growth, fiscal discipline, and resource exports were key factors in maintaining low debt levels during this period.

The COVID-19 pandemic, however, reversed this trend, pushing debt to 30.64% in 2020 and peaking at 32.43% in 2021 due to increased healthcare and social expenditures. By 2022, debt eased slightly to 30.41%, reflecting Peru’s gradual economic recovery.

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