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Bolivia economy ranking: GDP & GDP per capita, debt

Updated on by Georank team

Bolivia ranked 88/197 by economy size with a GDP of $54.9B and 125/197 by GDP per capita at $4,421. Bolivia has $53.8B in government debt, with a debt-to-GDP ratio of 98%.

In 2024, Bolivia made up 0.05% of the world's economy, compared to 0.03% in 1960.

Bolivia GDP & GDP growth by year

GDP, current $
Real growth
1x
Year GDP GDP growth
2024 $54,881,327,453 -1.12%
2023 $52,340,206,946 2.52%
2022 $50,959,081,954 3.75%
2021 $47,877,892,402 10%
2020 $42,313,784,081 -12.7%
2019 $49,056,643,589 1.51%
2018 $48,414,038,842 2.87%
2017 $45,927,439,595 4.2%
2016 $33,941,126,194 4.26%
2015 $33,000,198,249 4.86%
2014 $32,996,188,017 5.46%
2013 $30,659,338,886 6.8%
2012 $27,084,497,482 5.12%
2011 $23,963,164,697 5.2%
2010 $19,649,723,722 4.13%
2009 $17,339,992,194 3.36%
2008 $16,674,276,286 6.15%
2007 $13,120,108,008 4.56%
2006 $11,451,844,902 4.8%
2005 $9,549,122,905 4.42%
2004 $8,773,451,752 4.17%
2003 $8,082,399,640 2.71%
2002 $7,905,485,146 2.49%
2001 $8,141,516,928 1.68%
2000 $8,397,855,485 2.51%
1999 $8,285,064,435 0.43%
1998 $8,497,494,652 5.03%
1997 $7,925,736,821 4.95%
1996 $7,396,949,126 4.36%
1995 $6,715,161,732 4.68%
1994 $5,981,222,859 4.67%
1993 $5,734,699,489 4.27%
1992 $5,643,868,749 1.65%
1991 $5,343,262,457 5.27%
1990 $4,867,582,598 4.64%
1989 $4,715,973,437 3.79%
1988 $4,597,612,362 2.91%
1987 $4,347,956,338 2.46%
1986 $3,959,382,833 -2.57%
1985 $5,377,276,555 -1.68%
1984 $6,169,483,225 -0.2%
1983 $5,422,656,823 -4.04%
1982 $5,594,126,369 -3.94%
1981 $5,891,598,695 0.28%
1980 $4,537,479,608 -1.37%
1979 $4,421,336,383 0.13%
1978 $3,758,220,890 2.05%
1977 $3,227,436,282 4.97%
1976 $2,731,984,008 4.61%
1975 $2,404,697,651 7.31%
1974 $2,100,249,875 2.94%
1973 $1,262,968,516 5.74%
1972 $1,257,615,645 7.97%
1971 $1,095,622,896 5.06%
1970 $1,017,003,367 5.23%
1969 $929,629,630 4.47%
1968 $857,912,458 8.53%
1967 $755,808,081 6.32%
1966 $669,191,919 7.17%
1965 $604,377,104 4.91%
1964 $544,023,569 3.96%
1963 $482,828,283 6.8%
1962 $448,400,673 5.58%
1961 $410,101,010 2.09%
1960 $377,020,202 -

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

GeoRank.org/economy/bolivia | CC BY

Bolivia GDP per capita by year

GDP per capita
GDP per capita, PPP
1x
Year Current $
GDP per capita GDP per capita, PPP
2024 $4,421 $12,878
2023 $4,275 $12,892
2022 $4,219 $12,307
2021 $4,011 $11,202
2020 $3,581 $9,581
2019 $4,203 $11,005
2018 $4,207 $10,758
2017 $4,048 $10,420
2016 $3,036 $9,242
2015 $2,996 $8,757
2014 $3,041 $8,629
2013 $2,870 $8,069
2012 $2,576 $7,184
2011 $2,316 $6,598
2010 $1,930 $6,245
2009 $1,731 $6,024
2008 $1,693 $5,890
2007 $1,355 $5,537
2006 $1,203 $5,244
2005 $1,020 $4,938
2004 $953 $4,663
2003 $893 $4,433
2002 $888 $4,304
2001 $930 $4,205
2000 $976 $4,113
1999 $979 $3,991
1998 $1,022 $3,988
1997 $970 $3,822
1996 $922 $3,645
1995 $853 $3,494
1994 $774 $3,331
1993 $757 $3,177
1992 $760 $3,036
1991 $734 $2,981
1990 $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/bolivia | CC BY

Bolivia has a GDP per capita of $4,421, ranking 125/197, a GDP per capita based on purchasing power parity (PPP) of $12,878, ranking 122/197, and a median annual after tax income of $4,720, ranking 120/197.

Bolivia GDP rankings by year

GDP
GDP per capita
GDP per capita, PPP
1x
Year Rank
GDP GDP per capita GDP per capita, PPP
2024 87 117 113
2023 87 122 115
2022 88 121 114
2021 87 122 115
2020 91 122 117
2019 88 120 113
2018 88 118 112
2017 89 118 114
2016 95 130 117
2015 96 130 121
2014 98 133 121
2013 98 135 122
2012 103 138 124
2011 104 138 124
2010 105 138 126
2009 107 138 125
2008 109 140 127
2007 108 144 127
2006 109 144 125
2005 112 144 123
2004 109 142 120
2003 106 138 118
2002 100 132 117
2001 101 126 117
2000 98 124 115
1999 94 123 111
1998 93 118 108
1997 94 123 107
1996 96 123 105
1995 97 122 105
1994 95 121 105
1993 98 127 108
1992 97 125 109
1991 99 128 110
1990 101 132 111
1989 89 121 -
1988 89 119 -
1987 90 118 -
1986 86 114 -
1985 77 94 -
1984 75 91 -
1983 77 95 -
1982 76 94 -
1981 75 91 -
1980 80 100 -
1979 74 87 -
1978 73 90 -
1977 75 90 -
1976 79 97 -
1975 80 97 -
1974 78 97 -
1973 83 109 -
1972 80 100 -
1971 79 100 -
1970 79 100 -
1969 77 86 -
1968 77 85 -
1967 78 84 -
1966 79 88 -
1965 79 88 -
1964 77 88 -
1963 80 89 -
1962 80 89 -
1961 79 88 -
1960 78 89 -

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

GeoRank.org/economy/bolivia | CC BY

Compared with 2000, in 2024 Bolivia is ranked 87th out of 182 by GDP (up from 98th), 117th by GDP per capita (up from 124th), and 113th by GDP per capita PPP (up from 115th).

Economic indicators

Bolivia Rank
Gross domestic product
$54.9B
2024
88/197
GDP growth
-1.12%
2023-2024
183/194
GDP per capita
$4,421
2024
125/197
GDP per capita, PPP
$12,878
2024
122/197
Government debt
$53.8B
2024
71/185
Debt-to-GDP ratio
98%
2024
26/185
Government debt per person
$4,331
2024
88/185
Average annual personal income after taxes
$4,720
2026
120/197
Income share by richest 10%
31.3%
2023
41/169
Income share by poorest 10%
1.8%
2023
147/169
Government expenditure, % of GDP
39.8%
2024
53/195
Consumer prices inflation
5.1%
2023-2024
51/195
Central bank interest rate
3.26%
2025
85/106
Unemployment rate
2.73%
2024
160/196
Population
12798112
79/197

Government spending, deficit, and debt by year

Spending
Debt
Deficit/surplus
1x
Year % of GDP
Government spending Government debt Government deficit/surplus
2024 39.8% 98% -10.6%
2023 38.7% 90.8% -10.9%
2022 36% 80.1% -7.12%
2021 34.8% 81.4% -9.33%
2020 36.8% 78% -12.7%
2019 36.1% 58.6% -7.25%
2018 37.7% 53.1% -8.17%
2017 38.6% 51.3% -7.86%
2016 40% 46.5% -7.24%
2015 44.5% 40.9% -6.93%
2014 41.2% 37.6% -3.41%
2013 35.4% 36.1% 0.6%
2012 36% 35.4% 1.72%
2011 35.4% 35.3% 0.83%
2010 31.5% 37.6% 1.62%
2009 33.2% 39.2% 2.63%
2008 35.3% 36.8% 3.53%
2007 32.7% 40% -1.54%
2006 29.8% 54.4% 4.47%
2005 33.2% 82.2% -2.24%
2004 32.3% 89.8% -5.54%
2003 32% 95.6% -7.88%
2002 33.3% 86.7% -8.79%
2001 32% 83% -6.82%
2000 29.3% 74.3% -3.73%
1999 29.4% 61.7% -3.84%
1998 30% 61.2% -5.1%
1997 28.3% 64.6% -3.28%
1996 26% 72.4% -1.9%
1995 25.8% 81.7% -1.82%
1994 26.8% 87.6% -3%
1993 27.2% 83.8% -6.1%
1992 25.3% 92.4% -4.4%
1991 24.2% 92.8% -4.2%
1990 22.8% 102.9% -4.4%
1989 24.4% 98% -5.5%
1988 24% 115.9% -6.5%
1987 24.4% 145.3% -7.7%
1986 22.2% 149% -2.7%
1985 21.8% 205.2% -9.8%
1984 29% 166.5% -25.4%
1983 32.1% 157.3% -19.8%
1982 25% 155.4% -15.9%
1981 16.6% 121.7% -12.3%
1980 19.8% 100% -15.3%
1979 18% 92% -11.2%
1978 17.3% 82.5% -9.97%
1977 18.6% 82.4% -11.2%
1976 16.8% 68.9% -1.15%
1975 14.4% 56.2% -2.33%
1974 14.2% 52.7% -1.87%
1973 14.1% 80.9% -3.72%
1972 11.8% 77.7% -3.69%
1971 11.3% 65.7% -3.67%
1970 10% 63.9% -1.92%
1969 12.3% - -4.16%
1968 14.1% - -5.67%
1967 13.1% - -4.29%
1966 12.9% - -3.55%
1965 12.9% - -4.12%
1964 10.8% - -2.68%
1963 10.8% - -3.02%
1962 10.2% - -2.8%
1961 10.7% - -2.81%
1960 10.1% - -3.35%
1959 11.7% - -4.32%
1958 9.85% - -2.95%
1957 9.22% - -1.11%
1956 2.79% - -0.11%
1955 1.73% - 0.33%
1954 2.37% - 0.006%
1953 2.75% 11.5% -0.48%
1952 3.92% - -0.94%
1951 4.64% - -0.42%
1950 5.13% - -1.17%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/bolivia | CC BY

This chart shows Bolivia's government spending, budget balance, and debt over time, each expressed as a share of GDP.

Over the past 50 years, Bolivia recorded a fiscal deficit in 43 of them, with an average annual deficit equal to 6.15% of GDP. In 2024, government spending reached $21.9B (39.8% of GDP), with a deficit of 10.6%.

The national debt reached $53.8B, ranking 71st out of 185 countries by total size, with a debt-to-GDP ratio of 98%, ranking 26th.

Inflation rate by year

1x
Year Inflation
2024 5.1%
2023 2.58%
2022 1.75%
2021 0.74%
2020 0.94%
2019 1.84%
2018 2.27%
2017 2.82%
2016 3.62%
2015 4.06%
2014 5.77%
2013 5.74%
2012 4.52%
2011 9.88%
2010 2.5%
2009 3.35%
2008 14%
2007 8.71%
2006 4.28%
2005 5.39%
2004 4.44%
2003 3.34%
2002 0.93%
2001 1.59%
2000 4.61%
1999 2.16%
1998 7.67%
1997 4.71%
1996 12.4%
1995 10.2%
1994 7.87%
1993 8.53%
1992 12.1%
1991 21.4%
1990 17.1%
1989 15.2%
1988 16%
1987 14.6%
1986 276.3%
1985 11,750%
1984 1,281%
1983 275.6%
1982 123.5%
1981 32.1%
1980 47.2%
1979 19.7%
1978 10.4%
1977 8.11%
1976 4.49%
1975 7.98%
1974 62.8%
1973 31.5%
1972 6.51%
1971 3.67%
1970 3.96%
1969 2.21%
1968 5.47%
1967 11.2%
1966 6.95%
1965 2.86%
1964 10.2%
1963 -0.71%
1962 5.88%
1961 7.56%
1960 11.5%

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

GeoRank.org/economy/bolivia | CC BY

Over the past 20 years, Bolivia has had an average annual inflation rate of 4.49%. In 2024, inflation was 5.1%. The bar chart above shows consumer price inflation by year.

Balance of trade

Bolivia Rank
Current account balance
-$1.41B
2024
132/190
Current account balance, % of GDP
-2.56%
2024
114/190
Goods imports
$9.15B
2024
112/189
Goods exports
$8.93B
2024
103/189
Service imports
$2.35B
2024
114/189
Service exports
$1.14B
2024
133/189
Imports of goods and services, % of GDP
25.5%
2024
146/181
Exports of goods and services, % of GDP
21.4%
2024
142/193

Bolivia top 10 trading partners

Bolivia's biggest trading partner accounting for 18.9% of all exports and imports is China, with a trade balance between the two of -$861M: Bolivia exports $1.35B worth of goods and services to China and imports $2.21B.

Below is the list of the top 10 trade partners of Bolivia.

Rank Country Trade value Share of total trade Export to Import from Top export to Top import from
1 China $3.56B 18.9% $1.35B $2.21B Raw materials & minerals Machinery & equipment
2 Brazil $2.95B 15.7% $1.53B $1.42B Raw materials & minerals Machinery & equipment
3 Argentina $1.6B 8.52% $512M $1.09B Raw materials & minerals Raw materials & minerals
4 Peru $1.6B 8.51% $601M $1B Processed food, beverages & tobacco Raw materials & minerals
5 United States $1.12B 5.92% $306M $809M Metals Raw materials & minerals
6 Japan $924M 4.9% $717M $207M Raw materials & minerals Machinery & equipment
7 Chile $740M 3.93% $136M $604M Processed food, beverages & tobacco Raw materials & minerals
8 Colombia $661M 3.51% $522M $139M Processed food, beverages & tobacco Chemicals & pharma
9 Belgium $655M 3.48% $380M $275M Raw materials & minerals Raw materials & minerals
10 South Korea $608M 3.23% $554M $54.1M Raw materials & minerals Machinery & equipment

Top 10 exports

Bolivia Rank
Raw materials & minerals $5.06B 73/193
Processed food, beverages & tobacco $1.2B 72/192
Transport & tourism services $1.12B 112/188
Precious metals & jewellery $1.01B 63/190
Metals $612M 81/192
Raw agricultural goods $544M 86/193
Animal & marine products $289M 81/192
Machinery & equipment $139M 120/193
Wood & paper products $104M 96/192
Textiles & consumer goods $58.4M 127/193

Top 10 imports

Bolivia Rank
Raw materials & minerals $3.26B 90/193
Machinery & equipment $2.63B 114/193
Transport & tourism services $1.76B 107/188
Chemicals & pharma $1.58B 98/193
Metals $691M 109/193
Textiles & consumer goods $566M 117/193
Processed food, beverages & tobacco $555M 131/193
Manufacturing & construction services $339M 54/163
Business & finance services $336M 124/188
Wood & paper products $265M 108/193

Economic freedom indices

Bolivia Rank
Economic freedom 42.4 184/197
Property rights 20.2 158/182
Government integrity 27.1 136/182
Judicial effectiveness 29.5 127/182
Tax burden 86.4 50/182
Government spending 56.3 130/180
Fiscal health 0.8 174/181
Business freedom 53.6 128/182
Labor freedom 52.2 126/182
Monetary freedom 67.1 145/180
Trade freedom 60.6 147/181
Investment freedom 15 167/181
Financial freedom 40 103/181

Economic freedom by year

1x
Year Index
Economic freedom Judicial effectiveness Tax burden Government spending Fiscal health
2026 42.4 29.5 86.4 56.3 0.8
2025 44.1 29.4 88.8 61.8 4.4
2024 43.5 28.1 86.9 61.2 7.2
2023 43.4 27.7 87.1 60.8 7
2022 43 28.4 86 58.8 10.9
2021 42.7 11 85.3 58.4 13.4
2020 42.8 11.2 86.3 54.2 14.2
2019 42.3 12.3 82.4 49.3 17.6
2018 44.1 11.4 85.7 46.5 46.8
2017 47.7 15.4 86.1 49.1 81.4
2016 47.4 - 86.4 55.5 -
2015 46.8 - 86.8 60.9 -
2014 48.4 - 87.1 62.5 -
2013 47.9 - 88.8 64.1 -
2012 50.2 - 87 62.2 -
2011 50 - 83.9 63.7 -
2010 49.4 - 84.3 67.5 -
2009 53.6 - 84.8 71.9 -
2008 53.1 - 87.8 68.1 -
2007 54.2 - 88.9 69.3 -
2006 57.8 - 90.4 68.1 -
2005 58.4 - 88.9 66.7 -
2004 64.5 - 88.9 69.9 -
2003 64.3 - 88.6 73 -
2002 65.1 - 88.7 69.3 -
2001 68 - 88.2 74.8 -
2000 65 - 89 65.3 -
1999 65.6 - 88.9 77.8 -
1998 68.8 - 89.1 77.5 -
1997 65.1 - 89.1 76.1 -
1996 65.2 - 89.2 75.3 -
1995 56.8 - 91 60.7 -

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

GeoRank.org/economy/bolivia | CC BY

Bolivia is ranked 166/174 for economic freedom with a score of 42.4, compared to 87/162 and a score of 57.8 in 2006.

Other economic metrics

Bolivia Rank
Services, % of GDP
53.4%
2024
115/191
Industry, % of GDP
31.3%
2024
52/194
Agriculture, forestry, and fishing, % of GDP
8.83%
2024
78/193
GNI, Atlas method
$51.7B
2024
88/194
GNI per capita, PPP
$12,620
2024
117/191
Total reserves including gold
$1.98B
2024
127/177
Net foreign direct investment
-$113M
2024
75/189
Net inflows of foreign direct investment
$387M
2024
123/193
Net outflows of foreign direct investment
$133M
2024
82/193
Servicing debt to the IMF, % of GNI
3.41%
2024
73/121
Poverty at national poverty lines
36.5%
2023
47/176
Gross capital formation, % of GDP
17.9%
2024
140/178

Compare Bolivia vs other countries

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/bolivia | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, 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 (2022–2024, 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.