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Bolivia's 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 $52.2B in government debt, with a debt-to-GDP ratio of 92.5%.

In 2026, Bolivia made up 0.05% of the world's economy, compared to 0.03% in 1960.

The chart below shows GDP in nominal terms, GDP adjusted for inflation (in constant dollars), and a bar chart of year-over-year inflation-adjusted growth.

GDP, current $
GDP, constant 2015 $
GDP growth
Year GDP GDP growth
Current $ Constant $
1960 $377,020,202 $4,727,739,746 -
1961 $410,101,010 $4,826,516,221 8.77%
1962 $448,400,673 $5,095,783,597 9.34%
1963 $482,828,283 $5,442,175,895 7.68%
1964 $544,023,569 $5,657,500,838 12.7%
1965 $604,377,104 $5,935,478,858 11.1%
1966 $669,191,919 $6,361,087,691 10.7%
1967 $755,808,081 $6,762,931,565 12.9%
1968 $857,912,458 $7,339,771,963 13.5%
1969 $929,629,630 $7,668,160,505 8.36%
1970 $1,017,003,367 $8,069,284,228 9.4%
1971 $1,095,622,896 $8,477,859,237 7.73%
1972 $1,257,615,645 $9,153,331,417 14.8%
1973 $1,262,968,516 $9,678,655,892 0.43%
1974 $2,100,249,875 $9,963,166,545 66.3%
1975 $2,404,697,651 $10,691,575,418 14.5%
1976 $2,731,984,008 $11,184,945,381 13.6%
1977 $3,227,436,282 $11,740,973,137 18.1%
1978 $3,758,220,890 $11,981,979,455 16.4%
1979 $4,421,336,383 $11,997,956,711 17.6%
1980 $4,537,479,608 $11,833,371,991 2.63%
1981 $5,891,598,695 $11,865,986,702 29.8%
1982 $5,594,126,369 $11,398,616,583 -5.05%
1983 $5,422,656,823 $10,937,870,663 -3.07%
1984 $6,169,483,225 $10,915,922,108 13.8%
1985 $5,377,276,555 $10,732,928,705 -12.8%
1986 $3,959,382,833 $10,456,675,549 -26.4%
1987 $4,347,956,338 $10,714,274,143 9.81%
1988 $4,597,612,362 $11,026,005,731 5.74%
1989 $4,715,973,437 $11,443,905,788 2.57%
1990 $4,867,582,598 $11,974,420,934 3.21%
1991 $5,343,262,457 $12,605,057,006 9.77%
1992 $5,643,868,749 $12,812,599,040 5.63%
1993 $5,734,699,489 $13,359,606,833 1.61%
1994 $5,981,222,859 $13,983,135,101 4.3%
1995 $6,715,161,732 $14,637,304,838 12.3%
1996 $7,396,949,126 $15,275,687,755 10.2%
1997 $7,925,736,821 $16,032,477,213 7.15%
1998 $8,497,494,652 $16,838,807,368 7.21%
1999 $8,285,064,435 $16,910,689,782 -2.5%
2000 $8,397,855,485 $17,334,777,888 1.36%
2001 $8,141,516,928 $17,626,660,727 -3.05%
2002 $7,905,485,146 $18,064,782,967 -2.9%
2003 $8,082,399,640 $18,554,580,624 2.24%
2004 $8,773,451,752 $19,328,918,118 8.55%
2005 $9,549,122,905 $20,183,533,307 8.84%
2006 $11,451,844,902 $21,151,739,181 19.9%
2007 $13,120,108,008 $22,117,185,837 14.6%
2008 $16,674,276,286 $23,477,060,538 27.1%
2009 $17,339,992,194 $24,265,185,360 3.99%
2010 $19,649,723,722 $25,266,542,246 13.3%
2011 $23,963,164,697 $26,581,436,462 22%
2012 $27,084,497,482 $27,943,010,891 13%
2013 $30,659,338,886 $29,842,021,104 13.2%
2014 $32,996,188,017 $31,471,565,409 7.62%
2015 $33,000,198,249 $33,000,198,249 0.01%
2016 $33,941,126,194 $34,407,300,587 2.85%
2017 $45,927,439,595 $35,850,757,841 35.3%
2018 $48,414,038,842 $36,878,987,707 5.41%
2019 $49,056,643,589 $37,434,651,170 1.33%
2020 $42,313,784,081 $32,673,162,315 -13.7%
2021 $47,877,892,402 $35,949,969,735 13.1%
2022 $50,959,081,954 $37,297,165,305 6.44%
2023 $52,340,206,946 $38,235,698,455 2.71%
2024 $54,881,327,453 $37,806,175,459 4.86%

Economic Statistics of Bolivia

Bolivia Rank
Gross domestic product
$54.9B
2024
88/197
GDP growth
4.86%
2023-2024
118/196
GDP per capita
$4,421
2024
125/197
GDP per capita, PPP
$12,878
2024
122/197
Government debt
$52.2B
2024
72/185
Debt-to-GDP ratio
92.5%
2026
27/185
Government debt per person
$4,202
2024
90/185
Average annual personal income after taxes
$4,374
2026
122/197
Income share by richest 10%
31.3%
2023
41/169
Income share by poorest 10%
1.8%
2023
147/169
Government expenditure, % of GDP
37.6%
2026
61/195
Consumer prices inflation
5.1%
2023-2024
50/195
Central bank interest rate
3.15%
2025
84/105
Unemployment rate
2.73%
2024
159/196
Population
12751108
79/197

Bolivia's GDP per capita

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 $4,374, ranking 122/197.

GDP per capita
GDP per capita, PPP
Year Current $
GDP per capita GDP per capita, PPP
1960 $101.8 -
1961 $108.5 -
1962 $116.2 -
1963 $122.6 -
1964 $135.2 -
1965 $147.1 -
1966 $159.3 -
1967 $176.1 -
1968 $195.5 -
1969 $207.1 -
1970 $221.6 -
1971 $233.4 -
1972 $261.9 -
1973 $257.2 -
1974 $418 -
1975 $468 -
1976 $520 -
1977 $600 -
1978 $683 -
1979 $785 -
1980 $788 -
1981 $1,001 -
1982 $930 -
1983 $882 -
1984 $982 -
1985 $838 -
1986 $604 -
1987 $650 -
1988 $673 -
1989 $675 -
1990 $683 $2,797
1991 $734 $2,981
1992 $760 $3,036
1993 $757 $3,177
1994 $774 $3,331
1995 $853 $3,494
1996 $922 $3,645
1997 $970 $3,822
1998 $1,022 $3,988
1999 $979 $3,991
2000 $976 $4,113
2001 $930 $4,205
2002 $888 $4,304
2003 $893 $4,433
2004 $953 $4,663
2005 $1,020 $4,938
2006 $1,203 $5,244
2007 $1,355 $5,537
2008 $1,693 $5,890
2009 $1,731 $6,024
2010 $1,930 $6,245
2011 $2,316 $6,598
2012 $2,576 $7,184
2013 $2,870 $8,069
2014 $3,041 $8,629
2015 $2,996 $8,757
2016 $3,036 $9,242
2017 $4,048 $10,420
2018 $4,207 $10,758
2019 $4,203 $11,005
2020 $3,581 $9,581
2021 $4,011 $11,202
2022 $4,219 $12,307
2023 $4,275 $12,892
2024 $4,421 $12,878

Bolivia's government spending, deficit, and chart

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 years — average annual deficit equal to -6.56% of GDP. In 2024, government spending reached $21.2B (37.6% of GDP), with a deficit of -13.4%.

The national debt reached $52.2B, ranking 72nd out of 185 countries by total size, with a debt-to-GDP ratio of 92.5%, ranking 27th.

Government spending
Government debt
Deficit/surplus
Year % of GDP
Government spending Government debt Government deficit/surplus
1950 5.13% - -1.17%
1951 4.64% - -0.42%
1952 3.92% - -0.94%
1953 2.75% 11.5% -0.48%
1954 2.37% - 0.006%
1955 1.73% - 0.33%
1956 2.79% - -0.11%
1957 9.22% - -1.11%
1958 9.85% - -2.95%
1959 11.7% - -4.32%
1960 10.1% - -3.35%
1961 10.7% - -2.81%
1962 10.2% - -2.8%
1963 10.8% - -3.02%
1964 10.8% - -2.68%
1965 12.9% - -4.12%
1966 12.9% - -3.55%
1967 13.1% - -4.29%
1968 14.1% - -5.67%
1969 12.3% - -4.16%
1970 10% 63.9% -1.92%
1971 11.3% 65.7% -3.67%
1972 11.8% 77.7% -3.69%
1973 14.1% 80.9% -3.72%
1974 14.2% 52.7% -1.87%
1975 14.4% 56.2% -2.33%
1976 16.8% 68.9% -1.15%
1977 18.6% 82.4% -11.2%
1978 17.3% 82.5% -9.97%
1979 18% 92% -11.2%
1980 19.8% 100% -15.3%
1981 16.6% 121.7% -12.3%
1982 25% 155.4% -15.9%
1983 32.1% 157.3% -19.8%
1984 29% 166.5% -25.4%
1985 21.8% 205.2% -9.8%
1986 22.2% 149% -2.7%
1987 24.4% 145.3% -7.7%
1988 24% 115.9% -6.5%
1989 24.4% 98% -5.5%
1990 22.8% 102.9% -4.4%
1991 24.2% 92.8% -4.2%
1992 25.3% 92.4% -4.4%
1993 27.2% 83.8% -6.1%
1994 26.8% 87.6% -3%
1995 25.8% 81.7% -1.82%
1996 26% 72.4% -1.9%
1997 28.3% 64.6% -3.28%
1998 30% 61.2% -5.1%
1999 29.4% 61.7% -3.84%
2000 29.3% 74.3% -3.73%
2001 32% 83% -6.82%
2002 33.3% 86.7% -8.79%
2003 32% 95.6% -7.88%
2004 32.3% 89.8% -5.54%
2005 33.2% 82.2% -2.24%
2006 29.8% 54.4% 4.47%
2007 32.7% 40% -1.54%
2008 35.3% 36.8% 3.53%
2009 33.2% 39.2% 2.63%
2010 31.5% 37.6% 1.62%
2011 35.4% 35.3% 0.83%
2012 36% 35.4% 1.72%
2013 35.4% 36.1% 0.6%
2014 41.2% 37.6% -3.41%
2015 44.5% 40.9% -6.93%
2016 40% 46.5% -7.24%
2017 38.6% 51.3% -7.86%
2018 37.7% 53.1% -8.17%
2019 36.1% 58.6% -7.25%
2020 36.8% 78% -12.7%
2021 34.8% 81.4% -9.33%
2022 36% 80.1% -7.12%
2023 38.7% 90.8% -10.9%
2024 38.7% 95% -10.3%
2025 35.6% 92.4% -10.7%
2026 37.6% 92.5% -13.4%

Inflation rate by year

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 below shows consumer price inflation by year.

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

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's 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

Bolivia's 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

Bolivia's 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 44.1 180/197
Property rights 19.9 165/182
Government integrity 27.3 165/182
Judicial effectiveness 29.4 165/182
Tax burden 88.8 40/181
Government spending 61.8 122/180
Fiscal health 4.4 170/181
Business freedom 54.8 125/182
Labor freedom 56.5 100/182
Monetary freedom 70.6 99/180
Trade freedom 60.6 146/181
Investment freedom 15 168/181
Financial freedom 40 104/181

Bolivia's economic freedom by year

Bolivia is ranked 166/180 for economic freedom with a score of 44.1, compared to 77/163 and a score of 58.4 in 2005.

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

More economic indicators

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
$292M
2024
124/193
Net outflows of foreign direct investment
$179M
2024
75/193
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

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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.