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Economy of Bolivia vs Bosnia and Herzegovina compared: GDP & Debt

Updated on by Georank team

Bolivia has a GDP of $54.9B compared to $29.6B for Bosnia and Herzegovina, ranking 88/197 and 111/197 by economy size, respectively.

Bolivia has $53.8B in government debt (98% of GDP), compared to $8.74B (29.5% of GDP) in Bosnia and Herzegovina.

Bolivia vs Bosnia and Herzegovina GDP by year

Bolivia
Bosnia and Herzegovina
1x
Year GDP, current $
Bolivia Bosnia
2024 $54,881,327,453 $29,613,572,023
2023 $52,340,206,946 $27,592,361,498
2022 $50,959,081,954 $24,534,663,636
2021 $47,877,892,402 $23,672,712,121
2020 $42,313,784,081 $20,226,038,370
2019 $49,056,643,589 $20,482,608,984
2018 $48,414,038,842 $20,484,058,033
2017 $45,927,439,595 $18,326,373,136
2016 $33,941,126,194 $17,116,926,554
2015 $33,000,198,249 $16,404,348,361
2014 $32,996,188,017 $18,558,734,107
2013 $30,659,338,886 $18,179,109,209
2012 $27,084,497,482 $17,226,735,996
2011 $23,963,164,697 $18,644,233,537
2010 $19,649,723,722 $17,176,315,804
2009 $17,339,992,194 $17,613,949,091
2008 $16,674,276,286 $19,112,796,623
2007 $13,120,108,008 $15,778,734,264
2006 $11,451,844,902 $12,864,841,906
2005 $9,549,122,905 $11,222,796,337
2004 $8,773,451,752 $10,156,541,221
2003 $8,082,399,640 $8,498,894,359
2002 $7,905,485,146 $6,728,220,983
2001 $8,141,516,928 $5,800,615,375
2000 $8,397,855,485 $5,567,772,769
1999 $8,285,064,435 $4,686,256,363
1998 $8,497,494,652 $4,116,774,301
1997 $7,925,736,821 $3,671,909,673
1996 $7,396,949,126 $2,786,045,322
1995 $6,715,161,732 $1,866,572,954
1994 $5,981,222,859 $1,255,802,469
1993 $5,734,699,489 $3,630,668,950
1992 $5,643,868,749 $4,735,044,707
1991 $5,343,262,457 $6,122,959,184
1990 $4,867,582,598 $7,753,478,261
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/bolivia/bosnia-and-herzegovina | CC BY

GDP per capita in Bolivia vs Bosnia and Herzegovina by year

Bolivia
GDP per capita

GDP per capita, PPP
Bosnia and Herzegovina
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bolivia Bosnia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $4,421 $12,878 $9,359 $25,043
2023 $4,275 $12,892 $8,663 $23,376
2022 $4,219 $12,307 $7,656 $21,651
2021 $4,011 $11,202 $7,295 $18,287
2020 $3,581 $9,581 $6,130 $16,370
2019 $4,203 $11,005 $6,122 $16,429
2018 $4,207 $10,758 $6,048 $14,859
2017 $4,048 $10,420 $5,345 $13,627
2016 $3,036 $9,242 $4,929 $12,899
2015 $2,996 $8,757 $4,662 $11,845
2014 $3,041 $8,629 $5,206 $11,168
2013 $2,870 $8,069 $5,035 $10,808
2012 $2,576 $7,184 $4,694 $10,121
2011 $2,316 $6,598 $4,983 $9,761
2010 $1,930 $6,245 $4,506 $9,086
2009 $1,731 $6,024 $4,540 $8,698
2008 $1,693 $5,890 $4,842 $8,587
2007 $1,355 $5,537 $3,931 $7,686
2006 $1,203 $5,244 $3,166 $6,869
2005 $1,020 $4,938 $2,740 $5,956
2004 $953 $4,663 $2,453 $5,407
2003 $893 $4,433 $2,034 $4,917
2002 $888 $4,304 $1,607 $4,665
2001 $930 $4,205 $1,388 $4,307
2000 $976 $4,113 $1,338 $4,148
1999 $979 $3,991 $1,135 $3,875
1998 $1,022 $3,988 $1,007 $3,524
1997 $970 $3,822 $914 $3,041
1996 $922 $3,645 $719 $2,269
1995 $853 $3,494 $502 $1,507
1994 $774 $3,331 $337 $1,269
1993 $757 $3,177 $930 $1,067
1992 $760 $3,036 $1,118 $982
1991 $734 $2,981 $1,373 $975
1990 $683 $2,797 $1,743 $1,043
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/bosnia-and-herzegovina | CC BY

Bolivia's GDP per capita is $4,421, ranking 125/197, compared to $9,359 in Bosnia and Herzegovina, ranking 87/197. Adjusted for purchasing power (GDP per capita PPP), Bolivia ranks 122nd at $12,878, while Bosnia and Herzegovina ranks 83rd at $25,043.

Economic indicators

Bolivia Bosnia
Gross domestic product
$54.9B
2024
$29.6B
2024
GDP rank
88/197
2024
111/197
2024
GDP growth
-1.12%
2023-2024
2.97%
2023-2024
GDP per capita
$4,421
2024
$9,359
2024
GDP per capita rank
125/197
2024
87/197
2024
GDP per capita, PPP
$12,878
2024
$25,043
2024
GDP per capita PPP rank
122/197
2024
83/197
2024
Government debt
$53.8B
2024
$8.74B
2024
Debt-to-GDP ratio
98%
2024
29.5%
2024
Government debt per person
$4,331
2024
$2,763
2024
Government debt per person rank
88/185
2024
107/185
2024
Average annual personal income after taxes
$4,720
2026
$8,501
2026
Income share by richest 10%
31.3%
2023
25.1%
2011
Income share by poorest 10%
1.8%
2023
2.9%
2011
Government expenditure, % of GDP
39.8%
2024
43.3%
2024
Consumer prices inflation
5.1%
2023-2024
1.7%
2023-2024
Central bank interest rate
3.26%
2025
n/a
Unemployment rate
2.73%
2024
10.7%
2024
Population
12798112
3116111

Spending and national debt comparison by year

Bolivia
Spending

Debt
Bosnia and Herzegovina
Spending

Debt
1x
Year % of GDP
Bolivia Bosnia
Government spending Government debt Government spending Government debt
2024 39.8% 98% 43.3% 29.5%
2023 38.7% 90.8% 41.7% 29%
2022 36% 80.1% 39.4% 31.2%
2021 34.8% 81.4% 40.6% 35.8%
2020 36.8% 78% 45.4% 37.2%
2019 36.1% 58.6% 39.9% 32.8%
2018 37.7% 53.1% 40.4% 34.5%
2017 38.6% 51.3% 40% 38.6%
2016 40% 46.5% 41.5% 44.9%
2015 44.5% 40.9% 42.7% 46.4%
2014 41.2% 37.6% 46.2% 47.1%
2013 35.4% 36.1% 44.5% 43.8%
2012 36% 35.4% 46.9% 43.6%
2011 35.4% 35.3% 46.4% 40.9%
2010 31.5% 37.6% 48.7% 42.2%
2009 33.2% 39.2% 49% 36.4%
2008 35.3% 36.8% 48.4% 30.3%
2007 32.7% 40% 45.2% 18.2%
2006 29.8% 54.4% 44.2% 20.6%
2005 33.2% 82.2% 44.5% 24.9%
2004 32.3% 89.8% 45.6% 25.5%
2003 32% 95.6% 47.3% 27.6%
2002 33.3% 86.7% 47.4% 31.1%
2001 32% 83% 50.2% 35.1%
2000 29.3% 74.3% 56.2% 34.6%
1999 29.4% 61.7% 57.5% 56%
1998 30% 61.2% 54.4% 54.4%
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/bolivia/bosnia-and-herzegovina | CC BY

In 2024, Bolivia's government spending was $21.9B, accounting for 39.8% of its GDP, while Bosnia and Herzegovina spent $12.8B, or 43.3% of GDP.

Debt-to-GDP ratio is 98% in Bolivia and 29.5% in Bosnia and Herzegovina, ranking 26/185 and 159/185, respectively.

Government deficit by year

Deficit/surplus
Bolivia

Bosnia and Herzegovina
1x
Year Deficit/surplus, % of GDP
Bolivia Bosnia
2024 -10.6% -1.88%
2023 -10.9% -1.67%
2022 -7.12% 0.15%
2021 -9.33% -0.18%
2020 -12.7% -4.5%
2019 -7.25% 1.37%
2018 -8.17% 1.63%
2017 -7.86% 1.79%
2016 -7.24% 0.34%
2015 -6.93% -0.19%
2014 -3.41% -2.87%
2013 0.6% -1.28%
2012 1.72% -2.68%
2011 0.83% -2.73%
2010 1.62% -4.06%
2009 2.63% -5.34%
2008 3.53% -3.82%
2007 -1.54% 0.17%
2006 4.47% 2.08%
2005 -2.24% 0.74%
2004 -5.54% -0.18%
2003 -7.88% -0.44%
2002 -8.79% -2.99%
2001 -6.82% -3.44%
2000 -3.73% -4.63%
1999 -3.84% -2.78%
1998 -5.1% -0.98%
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/bolivia/bosnia-and-herzegovina | CC BY

In 2024, Bolivia's government deficit, the difference between spending and revenue, was $5.83B, equivalent to 10.6% of GDP. This compares to Bosnia and Herzegovina's deficit of $557M, or 1.88% of GDP.

Over the past 27 years, Bolivia recorded a fiscal deficit in 20 of those years, while Bosnia and Herzegovina ran a deficit in 19 years. On average, Bolivia posted an annual deficit equal to 4.51% of GDP, compared to deficit of 1.42% of GDP for Bosnia and Herzegovina.

Inflation comparison by year

Inflation
Bolivia

Bosnia and Herzegovina
1x
Year Consumer prices inflation
Bolivia Bosnia
2024 5.1% 1.7%
2023 2.58% 6.1%
2022 1.75% 14%
2021 0.74% 2%
2020 0.94% -1.1%
2019 1.84% 0.6%
2018 2.27% 1.4%
2017 2.82% 0.8%
2016 3.62% -1.6%
2015 4.06% -1%
2014 5.77% -0.9%
2013 5.74% -0.1%
2012 4.52% 2.1%
2011 9.88% 4%
2010 2.5% 2.1%
2009 3.35% -0.4%
2008 14% 7.4%
2007 8.71% 1.5%
2006 4.28% 6.1%
2005 5.39% 3.6%
2004 4.44% 0.3%
2003 3.34% 0.5%
2002 0.93% 0.3%
2001 1.59% 3.2%
2000 4.61% 5%
1999 2.16% 2.8%
1998 7.67% -0.3%
1997 4.71% 5.7%

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/bolivia/bosnia-and-herzegovina | CC BY

Over the past 28 years, Bolivia has recorded an average annual inflation rate of 4.26%, compared with 2.35% in Bosnia and Herzegovina. In 2024, inflation was 5.1% in Bolivia and 1.7% in Bosnia and Herzegovina.

Top exports between countries

Bolivia
Export category Export value
Bosnia
Export category Export value
Raw materials & minerals $144K
Machinery & equipment $55K

Balance of trade

Bolivia Bosnia
Current account balance
-$1.41B
2024
-$1.03B
2024
Current account balance ranking
132/190
2024
123/190
2024
Current account balance, % of GDP
-2.56%
2024
-3.47%
2024
Goods imports
$9.15B
2024
$14.8B
2024
Goods exports
$8.93B
2024
$8.36B
2024
Service imports
$2.35B
2024
$1.27B
2024
Service exports
$1.14B
2024
$3.74B
2024
Imports of goods and services, % of GDP
25.5%
2024
54.3%
2024
Exports of goods and services, % of GDP
21.4%
2024
40.9%
2024

Economic freedom indices

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

Bolivia Bosnia
Economic freedom 42.4 63.1
Economic freedom ranking 184/197 83/197
Property rights 20.2 46.9
Government integrity 27.1 36.8
Judicial effectiveness 29.5 36.1
Tax burden 86.4 93.9
Government spending 56.3 48.4
Fiscal health 0.8 96.2
Business freedom 53.6 65.1
Labor freedom 52.2 62.7
Monetary freedom 67.1 77.5
Trade freedom 60.6 69
Investment freedom 15 65
Financial freedom 40 60

Economic freedom comparison by year

Bolivia
Bosnia and Herzegovina
1x
Year Economic freedom index
Bolivia Bosnia
2026 42.4 63.1
2025 44.1 63.5
2024 43.5 62
2023 43.4 62.9
2022 43 63.4
2021 42.7 62.9
2020 42.8 62.6
2019 42.3 61.9
2018 44.1 61.4
2017 47.7 60.2
2016 47.4 58.6
2015 46.8 59
2014 48.4 58.4
2013 47.9 57.3
2012 50.2 57.3
2011 50 57.5
2010 49.4 56.2
2009 53.6 53.1
2008 53.1 53.9
2007 54.2 54.4
2006 57.8 55.6
2005 58.4 48.8
2004 64.5 44.7
2003 64.3 40.6
2002 65.1 37.4
2001 68 36.6
2000 65 45.1
1999 65.6 29.4
1998 68.8 29.4
1997 65.1 -
1996 65.2 -
1995 56.8 -

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

GeoRank.org/economy/bolivia/bosnia-and-herzegovina | CC BY

The Economic Freedom Index for Bolivia is 42.4, ranking 184/197, compared to 63.1 for Bosnia and Herzegovina, ranking 83/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bolivia Bosnia
Services, % of GDP
53.4%
2024
56.6%
2024
Industry, % of GDP
31.3%
2024
22.4%
2024
Agriculture, forestry, and fishing, % of GDP
8.83%
2024
4.53%
2024
GNI, Atlas method
$51.7B
2024
$27.8B
2024
GNI per capita, PPP
$12,620
2024
$24,990
2024
Total reserves including gold
$1.98B
2024
$9.42B
2024
Total reserves ranking
127/177
2024
79/177
2024
Net foreign direct investment
-$113M
2024
-$885M
2024
Net inflows of foreign direct investment
$387M
2024
$1B
2024
Net outflows of foreign direct investment
$133M
2024
$119M
2024
Servicing debt to the IMF, % of GNI
3.41%
2024
4.93%
2024
Poverty at national poverty lines
36.5%
2023
16.9%
2015
Gross capital formation, % of GDP
17.9%
2024
27.5%
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/bolivia/bosnia-and-herzegovina | CC BY

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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 (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.