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Economy of Belarus vs Bolivia compared: GDP & Debt

Updated on by Georank team

Belarus has a GDP of $76B compared to $54.9B for Bolivia, ranking 83/197 and 88/197 by economy size, respectively.

Belarus has $30.3B in government debt (39.9% of GDP), compared to $53.8B (98% of GDP) in Bolivia.

Belarus vs Bolivia GDP by year

Belarus
Bolivia
1x
Year GDP, current $
Belarus Bolivia
2024 $75,961,865,472 $54,881,327,453
2023 $72,478,760,370 $52,340,206,946
2022 $73,775,179,925 $50,959,081,954
2021 $69,673,747,132 $47,877,892,402
2020 $61,371,673,345 $42,313,784,081
2019 $64,410,170,653 $49,056,643,589
2018 $60,031,026,576 $48,414,038,842
2017 $54,725,405,751 $45,927,439,595
2016 $47,723,545,321 $33,941,126,194
2015 $56,454,769,845 $33,000,198,249
2014 $78,813,069,121 $32,996,188,017
2013 $75,527,558,966 $30,659,338,886
2012 $65,685,890,439 $27,084,497,482
2011 $61,762,382,328 $23,963,164,697
2010 $57,231,904,543 $19,649,723,722
2009 $50,873,167,326 $17,339,992,194
2008 $60,752,106,347 $16,674,276,286
2007 $45,275,711,996 $13,120,108,008
2006 $36,961,894,281 $11,451,844,902
2005 $30,210,091,837 $9,549,122,905
2004 $23,141,566,293 $8,773,451,752
2003 $17,825,444,724 $8,082,399,640
2002 $14,594,900,945 $7,905,485,146
2001 $12,354,820,144 $8,141,516,928
2000 $12,736,856,828 $8,397,855,485
1999 $12,138,486,532 $8,285,064,435
1998 $15,222,012,660 $8,497,494,652
1997 $14,128,408,566 $7,925,736,821
1996 $14,500,437,520 $7,396,949,126
1995 $13,972,683,274 $6,715,161,732
1994 $14,931,435,232 $5,981,222,859
1993 $16,275,073,527 $5,734,699,489
1992 $16,939,790,094 $5,643,868,749
1991 $18,404,907,975 $5,343,262,457
1990 $17,389,558,233 $4,867,582,598
1989 - $4,715,973,437
1988 - $4,597,612,362
1987 - $4,347,956,338
1986 - $3,959,382,833
1985 - $5,377,276,555
1984 - $6,169,483,225
1983 - $5,422,656,823
1982 - $5,594,126,369
1981 - $5,891,598,695
1980 - $4,537,479,608
1979 - $4,421,336,383
1978 - $3,758,220,890
1977 - $3,227,436,282
1976 - $2,731,984,008
1975 - $2,404,697,651
1974 - $2,100,249,875
1973 - $1,262,968,516
1972 - $1,257,615,645
1971 - $1,095,622,896
1970 - $1,017,003,367
1969 - $929,629,630
1968 - $857,912,458
1967 - $755,808,081
1966 - $669,191,919
1965 - $604,377,104
1964 - $544,023,569
1963 - $482,828,283
1962 - $448,400,673
1961 - $410,101,010
1960 - $377,020,202

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/belarus/bolivia | CC BY

GDP per capita in Belarus vs Bolivia by year

Belarus
GDP per capita

GDP per capita, PPP
Bolivia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Belarus Bolivia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $8,318 $33,010 $4,421 $12,878
2023 $7,897 $30,834 $4,275 $12,892
2022 $7,995 $28,429 $4,219 $12,307
2021 $7,490 $27,611 $4,011 $11,202
2020 $6,543 $24,872 $3,581 $9,581
2019 $6,838 $22,302 $4,203 $11,005
2018 $6,360 $20,026 $4,207 $10,758
2017 $5,786 $18,414 $4,048 $10,420
2016 $5,040 $17,832 $3,036 $9,242
2015 $5,967 $18,134 $2,996 $8,757
2014 $8,341 $19,038 $3,041 $8,629
2013 $7,998 $19,014 $2,870 $8,069
2012 $6,953 $18,115 $2,576 $7,184
2011 $6,528 $16,563 $2,316 $6,598
2010 $6,035 $15,339 $1,930 $6,245
2009 $5,352 $14,034 $1,731 $6,024
2008 $6,376 $13,886 $1,693 $5,890
2007 $4,735 $12,320 $1,355 $5,537
2006 $3,848 $10,995 $1,203 $5,244
2005 $3,126 $9,637 $1,020 $4,938
2004 $2,378 $8,483 $953 $4,663
2003 $1,820 $7,362 $893 $4,433
2002 $1,479 $6,697 $888 $4,304
2001 $1,244 $6,238 $930 $4,205
2000 $1,276 $5,796 $976 $4,113
1999 $1,211 $5,331 $979 $3,991
1998 $1,511 $5,061 $1,022 $3,988
1997 $1,396 $4,596 $970 $3,822
1996 $1,427 $4,039 $922 $3,645
1995 $1,371 $3,846 $853 $3,494
1994 $1,460 $4,190 $774 $3,331
1993 $1,590 $4,641 $757 $3,177
1992 $1,658 $4,917 $760 $3,036
1991 $1,805 $5,330 $734 $2,981
1990 $1,707 $5,220 $683 $2,797
1989 - - $675 -
1988 - - $673 -
1987 - - $650 -
1986 - - $604 -
1985 - - $838 -
1984 - - $982 -
1983 - - $882 -
1982 - - $930 -
1981 - - $1,001 -
1980 - - $788 -
1979 - - $785 -
1978 - - $683 -
1977 - - $600 -
1976 - - $520 -
1975 - - $468 -
1974 - - $418 -
1973 - - $257.2 -
1972 - - $261.9 -
1971 - - $233.4 -
1970 - - $221.6 -
1969 - - $207.1 -
1968 - - $195.5 -
1967 - - $176.1 -
1966 - - $159.3 -
1965 - - $147.1 -
1964 - - $135.2 -
1963 - - $122.6 -
1962 - - $116.2 -
1961 - - $108.5 -
1960 - - $101.8 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/belarus/bolivia | CC BY

Belarus' GDP per capita is $8,318, ranking 92/197, compared to $4,421 in Bolivia, ranking 125/197. Adjusted for purchasing power (GDP per capita PPP), Belarus ranks 68th at $33,010, while Bolivia ranks 122nd at $12,878.

Economic indicators

Belarus Bolivia
Gross domestic product
$76B
2024
$54.9B
2024
GDP rank
83/197
2024
88/197
2024
GDP growth
4.01%
2023-2024
-1.12%
2023-2024
GDP per capita
$8,318
2024
$4,421
2024
GDP per capita rank
92/197
2024
125/197
2024
GDP per capita, PPP
$33,010
2024
$12,878
2024
GDP per capita PPP rank
68/197
2024
122/197
2024
Government debt
$30.3B
2024
$53.8B
2024
Debt-to-GDP ratio
39.9%
2024
98%
2024
Government debt per person
$3,318
2024
$4,331
2024
Government debt per person rank
97/185
2024
88/185
2024
Average annual personal income after taxes
$7,345
2026
$4,720
2026
Market capitalization of domestic companies
$6.01B
2024
n/a
Income share by richest 10%
20.7%
2020
31.3%
2023
Income share by poorest 10%
4.5%
2020
1.8%
2023
Government expenditure, % of GDP
40.9%
2024
39.8%
2024
Consumer prices inflation
5.7%
2023-2024
5.1%
2023-2024
Central bank interest rate
9.75%
2025
3.26%
2025
Unemployment rate
3.04%
2024
2.73%
2024
Population
9013835
12798112

Spending and national debt comparison by year

Belarus
Spending

Debt
Bolivia
Spending

Debt
1x
Year % of GDP
Belarus Bolivia
Government spending Government debt Government spending Government debt
2024 40.9% 39.9% 39.8% 98%
2023 40.3% 40.7% 38.7% 90.8%
2022 38% 40.8% 36% 80.1%
2021 36.7% 41.2% 34.8% 81.4%
2020 38% 47.5% 36.8% 78%
2019 37.4% 41% 36.1% 58.6%
2018 37.8% 47.5% 37.7% 53.1%
2017 39% 53.2% 38.6% 51.3%
2016 40.7% 53.5% 40% 46.5%
2015 41.8% 53% 44.5% 40.9%
2014 38.8% 38.8% 41.2% 37.6%
2013 40.8% 36.9% 35.4% 36.1%
2012 38.9% 36.9% 36% 35.4%
2011 40.3% 58.2% 35.4% 35.3%
2010 44.3% 36.8% 31.5% 37.6%
2009 51.7% 32.5% 33.2% 39.2%
2008 60% 20.3% 35.3% 36.8%
2007 49.2% 15.8% 32.7% 40%
2006 47.2% 12.3% 29.8% 54.4%
2005 45% 8.12% 33.2% 82.2%
2004 44% 9.22% 32.3% 89.8%
2003 43.5% - 32% 95.6%
2002 43.8% - 33.3% 86.7%
2001 42.4% - 32% 83%
2000 - - 29.3% 74.3%
1999 - - 29.4% 61.7%
1998 - - 30% 61.2%
1997 - - 28.3% 64.6%
1996 - - 26% 72.4%
1995 - - 25.8% 81.7%
1994 - - 26.8% 87.6%
1993 - - 27.2% 83.8%
1992 - - 25.3% 92.4%
1991 - - 24.2% 92.8%
1990 - - 22.8% 102.9%
1989 - - 24.4% 98%
1988 - - 24% 115.9%
1987 - - 24.4% 145.3%
1986 - - 22.2% 149%
1985 - - 21.8% 205.2%
1984 - - 29% 166.5%
1983 - - 32.1% 157.3%
1982 - - 25% 155.4%
1981 - - 16.6% 121.7%
1980 - - 19.8% 100%
1979 - - 18% 92%
1978 - - 17.3% 82.5%
1977 - - 18.6% 82.4%
1976 - - 16.8% 68.9%
1975 - - 14.4% 56.2%
1974 - - 14.2% 52.7%
1973 - - 14.1% 80.9%
1972 - - 11.8% 77.7%
1971 - - 11.3% 65.7%
1970 - - 10% 63.9%
1969 - - 12.3% -
1968 - - 14.1% -
1967 - - 13.1% -
1966 - - 12.9% -
1965 - - 12.9% -
1964 - - 10.8% -
1963 - - 10.8% -
1962 - - 10.2% -
1961 - - 10.7% -
1960 - - 10.1% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

GeoRank.org/economy/belarus/bolivia | CC BY

In 2024, Belarus' government spending was $31.1B, accounting for 40.9% of its GDP, while Bolivia spent $21.9B, or 39.8% of GDP.

Debt-to-GDP ratio is 39.9% in Belarus and 98% in Bolivia, ranking 133/185 and 26/185, respectively.

Government deficit by year

Deficit/surplus
Belarus

Bolivia
1x
Year Deficit/surplus, % of GDP
Belarus Bolivia
2024 1.05% -10.6%
2023 0.76% -10.9%
2022 -1.98% -7.12%
2021 -0.22% -9.33%
2020 -2.87% -12.7%
2019 0.91% -7.25%
2018 1.8% -8.17%
2017 -0.34% -7.86%
2016 -1.66% -7.24%
2015 -2.96% -6.93%
2014 0.09% -3.41%
2013 -0.98% 0.6%
2012 0.36% 1.72%
2011 -2.81% 0.83%
2010 -4.19% 1.62%
2009 -7.23% 2.63%
2008 -10.9% 3.53%
2007 -7.82% -1.54%
2006 -7.71% 4.47%
2005 -6.71% -2.24%
2004 -7.06% -5.54%
2003 -6.74% -7.88%
2002 -7.81% -8.79%
2001 -4.74% -6.82%
2000 - -3.73%
1999 - -3.84%
1998 - -5.1%
1997 - -3.28%
1996 - -1.9%
1995 - -1.82%
1994 - -3%
1993 - -6.1%
1992 - -4.4%
1991 - -4.2%
1990 - -4.4%
1989 - -5.5%
1988 - -6.5%
1987 - -7.7%
1986 - -2.7%
1985 - -9.8%
1984 - -25.4%
1983 - -19.8%
1982 - -15.9%
1981 - -12.3%
1980 - -15.3%
1979 - -11.2%
1978 - -9.97%
1977 - -11.2%
1976 - -1.15%
1975 - -2.33%
1974 - -1.87%
1973 - -3.72%
1972 - -3.69%
1971 - -3.67%
1970 - -1.92%
1969 - -4.16%
1968 - -5.67%
1967 - -4.29%
1966 - -3.55%
1965 - -4.12%
1964 - -2.68%
1963 - -3.02%
1962 - -2.8%
1961 - -2.81%
1960 - -3.35%
1959 - -4.32%
1958 - -2.95%
1957 - -1.11%
1956 - -0.11%
1955 - 0.33%
1954 - 0.006%
1953 - -0.48%
1952 - -0.94%
1951 - -0.42%
1950 - -1.17%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1989, retrieved 2026-02-20).

GeoRank.org/economy/belarus/bolivia | CC BY

In 2024, Belarus' government surplus, the difference between spending and revenue, was $796M, equivalent to 1.05% of GDP. This compares to Bolivia's deficit of $5.83B, or 10.6% of GDP.

Over the past 24 years, Belarus recorded a fiscal deficit in 18 of those years, while Bolivia ran a deficit in 17 years. On average, Belarus posted an annual deficit equal to 3.32% of GDP, compared to deficit of 4.54% of GDP for Bolivia.

Inflation comparison by year

Inflation
Belarus

Bolivia
1x
Year Consumer prices inflation
Belarus Bolivia
2024 5.7% 5.1%
2023 5% 2.58%
2022 15.2% 1.75%
2021 9.5% 0.74%
2020 5.5% 0.94%
2019 5.6% 1.84%
2018 4.9% 2.27%
2017 6% 2.82%
2016 11.8% 3.62%
2015 13.5% 4.06%
2014 18.1% 5.77%
2013 18.3% 5.74%
2012 59.2% 4.52%
2011 53.2% 9.88%
2010 7.7% 2.5%
2009 13% 3.35%
2008 14.8% 14%
2007 8.4% 8.71%
2006 7% 4.28%
2005 10.3% 5.39%
2004 18.1% 4.44%
2003 28.4% 3.34%
2002 42.6% 0.93%
2001 61.1% 1.59%
2000 168.6% 4.61%
1999 293.7% 2.16%
1998 73% 7.67%
1997 63.8% 4.71%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/belarus/bolivia | CC BY

Over the past 28 years, Belarus has recorded an average annual inflation rate of 37.2%, compared with 4.26% in Bolivia. In 2024, inflation was 5.7% in Belarus and 5.1% in Bolivia.

Top exports between countries

Belarus
Export category Export value
Wood & paper products $87K
IT & IP services $19K
Transport & tourism services $7K
Textiles & consumer goods $3K
Business & finance services $2K
Bolivia
Export category Export value
Raw agricultural goods $313K

Balance of trade

Belarus Bolivia
Current account balance
-$1.94B
2024
-$1.41B
2024
Current account balance ranking
142/190
2024
132/190
2024
Current account balance, % of GDP
-2.56%
2024
-2.56%
2024
Goods imports
$44.2B
2024
$9.15B
2024
Goods exports
$39.5B
2024
$8.93B
2024
Service imports
$6.82B
2024
$2.35B
2024
Service exports
$10.1B
2024
$1.14B
2024
Imports of goods and services, % of GDP
66.9%
2024
25.5%
2024
Exports of goods and services, % of GDP
65.1%
2024
21.4%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Belarus Bolivia
Economic freedom 49.1 42.4
Economic freedom ranking 166/197 184/197
Property rights 20 20.2
Government integrity 28.3 27.1
Judicial effectiveness 11.5 29.5
Tax burden 93.5 86.4
Government spending 52.6 56.3
Fiscal health 96.8 0.8
Business freedom 50.3 53.6
Labor freedom 48 52.2
Monetary freedom 69 67.1
Trade freedom 69.2 60.6
Investment freedom 30 15
Financial freedom 20 40

Economic freedom comparison by year

Belarus
Bolivia
1x
Year Economic freedom index
Belarus Bolivia
2026 49.1 42.4
2025 48.9 44.1
2024 48.4 43.5
2023 51 43.4
2022 53 43
2021 61 42.7
2020 61.7 42.8
2019 57.9 42.3
2018 58.1 44.1
2017 58.6 47.7
2016 48.8 47.4
2015 49.8 46.8
2014 50.1 48.4
2013 48 47.9
2012 49 50.2
2011 47.9 50
2010 48.7 49.4
2009 45 53.6
2008 45.3 53.1
2007 47 54.2
2006 47.5 57.8
2005 46.7 58.4
2004 43.1 64.5
2003 39.7 64.3
2002 39 65.1
2001 38 68
2000 41.3 65
1999 35.4 65.6
1998 38 68.8
1997 39.8 65.1
1996 38.7 65.2
1995 40.4 56.8

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/belarus/bolivia | CC BY

The Economic Freedom Index for Belarus is 49.1, ranking 166/197, compared to 42.4 for Bolivia, ranking 184/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Belarus Bolivia
Services, % of GDP
49.7%
2024
53.4%
2024
Industry, % of GDP
30.7%
2024
31.3%
2024
Agriculture, forestry, and fishing, % of GDP
6.87%
2024
8.83%
2024
GNI, Atlas method
$75.4B
2024
$51.7B
2024
GNI per capita, PPP
$32,300
2024
$12,620
2024
Total reserves including gold
$8.91B
2024
$1.98B
2024
Total reserves ranking
82/177
2024
127/177
2024
Net foreign direct investment
-$1.57B
2024
-$113M
2024
Net inflows of foreign direct investment
$1.74B
2024
$387M
2024
Net outflows of foreign direct investment
$170M
2024
$133M
2024
Servicing debt to the IMF, % of GNI
7.19%
2024
3.41%
2024
Poverty at national poverty lines
3.9%
2022
36.5%
2023
Gross capital formation, % of GDP
25.8%
2024
17.9%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/belarus/bolivia | CC BY

Compare countries by 7 more topics

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2021–2023, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.