Peru demonstrated effective debt management between 2002 and 2019, reducing its central government debt from in 2002 to 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 in 2020 and peaking at in 2021 due to increased healthcare and social expenditures. By 2022, debt eased slightly to , reflecting Peru’s gradual economic recovery.
The COVID-19 pandemic, however, reversed this trend, pushing debt to in 2020 and peaking at in 2021 due to increased healthcare and social expenditures. By 2022, debt eased slightly to , reflecting Peru’s gradual economic recovery.
For a deeper dive into the topic, explore industry’s share in Peru’s GDP, Peru’s unemployment rate, Peru’s government debt as a percent of GDP.
