Peru Budget Deficit
General government net lending/borrowing as % of GDP GGXCNL_NGDP
Peru's budget deficit was -2.42% in 2025, ranked 73rd globally. This represents a 31.6% increase from 2024. Data from IMF WEO, covering 2000–2025.
Overview
Peru's budget deficit stood at -2.42% in 2025, a rise of +1.12% from 2024. The IMF projects -2.42% by 2025. Peru ranked 73rd globally.
Peru's budget deficit has exhibited significant fluctuations over the past two and a half decades, as per IMF World Economic Outlook data. The country's budget deficit peaked in 2007 at 3.35% of GDP, a level surpassed by only a few peers such as Kazakhstan. Conversely, Peru's deficit reached an all-time low of -8.16% in 2020, a rare instance of a budget deficit being negative. Since then, the deficit has gradually narrowed, with the latest reading at -2.42% of GDP in 2025, ranking Peru 73rd globally. This trend is somewhat mirrored in Uzbekistan, where the budget deficit stood at -2.36% in 2025. Despite this improvement, Peru's budget deficit remains a concern, and any significant deviation in the global economy, particularly in terms of commodity prices and international trade, could alter the trajectory of Peru's fiscal stance.
Data & projection
| Year | Budget Deficit | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | -1.15% | - | - |
| 2029* IMF | -1.31% | - | - |
| 2028* IMF | -1.53% | - | - |
| 2027* IMF | -1.79% | - | - |
| 2026* IMF | -2.17% | - | - |
| 2025* IMF | -2.42% | - | - |
| 2025 | -2.42% | +1.12% | #73 |
| 2024 | -3.54% | −0.76% | #76 |
| 2023 | -2.78% | −1.40% | #97 |
| 2022 | -1.38% | +1.11% | #121 |
| 2021 | -2.49% | +5.67% | #129 |
| 2020 | -8.16% | −6.79% | #60 |
| 2019 | -1.37% | +0.58% | #108 |
| 2018 | -1.94% | +0.85% | #90 |
| 2017 | -2.79% | −0.67% | #78 |
| 2016 | -2.12% | −0.10% | #106 |
| 2015 | -2.02% | −1.83% | #118 |
| 2014 | -0.19% | −0.94% | #148 |
| 2013 | 0.75% | −1.32% | #162 |
| 2012 | 2.07% | +0.02% | #163 |
| 2011 | 2.05% | +2.07% | #166 |
Detected Pattern
Analysis
Peru matched the Export Boom Cycle pattern in 2024. Historically, 71% of countries showing this pattern (546 out of 768) saw budget deficit improve within 24 months. View full analysis →
Frequently Asked Questions
Peru's budget deficit was -2.42% in 2025. Ranked 73rd globally. This represents a 31.6% increase from the previous year.
Peru's budget deficit peaked at 3.35% in 2007.
The lowest budget deficit in Peru was -8.16% in 2020.
Peru ranks 73rd globally in budget deficit as of 2025.
The World Bank indicator code is GGXCNL_NGDP. Data sourced from IMF WEO.
Peru's budget deficit is projected to reach -2.42% by 2025 based on IMF projection.
The budget deficit of Peru in 2025 was -2.42%. This ranks 73rd in the world.
Cite this page
@misc{historysaid_peru_budget-deficit,
title = {Peru Budget Deficit},
url = {https://historysaid.com/peru/budget-deficit/},
publisher = {HistorySaid},
year = {2026}
}