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Economy of Bolivia vs Bulgaria compared: GDP & Debt

Updated on by Georank

Bolivia has a GDP of $64.8B compared to $131B for Bulgaria, ranking 88/197 and 63/197 by economy size, respectively.

Bolivia has $54.9B in government debt (84.8% of GDP), compared to $35.4B (27.1% of GDP) in Bulgaria.

Bolivia vs Bulgaria GDP by year

Bolivia
Bulgaria
1x
Year GDP, current $
Bolivia Bulgaria
2025 $64,768,947,525 $130,777,235,530
2024 $54,881,327,453 $113,349,149,167
2023 $52,340,206,946 $102,204,457,335
2022 $50,959,081,954 $90,510,784,778
2021 $47,877,892,402 $84,378,926,047
2020 $42,313,784,081 $70,490,478,088
2019 $49,056,643,589 $68,511,235,459
2018 $48,414,038,842 $66,100,606,677
2017 $45,927,439,595 $59,170,671,046
2016 $33,941,126,194 $53,932,152,154
2015 $33,000,198,249 $50,768,512,173
2014 $32,996,188,017 $57,083,817,240
2013 $30,659,338,886 $55,822,115,861
2012 $27,084,497,482 $54,299,825,600
2011 $23,963,164,697 $57,684,243,980
2010 $19,649,723,722 $50,691,645,231
2009 $17,339,992,194 $52,026,461,290
2008 $16,674,276,286 $54,483,464,293
2007 $13,120,108,008 $44,433,521,725
2006 $11,451,844,902 $34,382,295,487
2005 $9,549,122,905 $29,870,182,425
2004 $8,773,451,752 $26,159,078,743
2003 $8,082,399,640 $21,146,038,619
2002 $7,905,485,146 $16,403,880,783
2001 $8,141,516,928 $14,184,170,319
2000 $8,397,855,485 $13,246,669,554
1999 $8,285,064,435 $13,637,793,854
1998 $8,497,494,652 $15,031,821,788
1997 $7,925,736,821 $11,316,706,412
1996 $7,396,949,126 $12,295,588,924
1995 $6,715,161,732 $18,992,388,645
1994 $5,981,222,859 $9,709,230,161
1993 $5,734,699,489 $10,832,041,595
1992 $5,643,868,749 $8,602,874,120
1991 $5,343,262,457 $7,628,764,750
1990 $4,867,582,598 $20,726,605,649
1989 $4,715,973,437 $21,746,286,447
1988 $4,597,612,362 $23,003,003,708
1987 $4,347,956,338 $28,428,718,531
1986 $3,959,382,833 $20,261,546,635
1985 $5,377,276,555 $17,562,270,447
1984 $6,169,483,225 $17,410,894,971
1983 $5,422,656,823 $16,959,180,922
1982 $5,594,126,369 $19,803,624,625
1981 $5,891,598,695 $20,055,685,481
1980 $4,537,479,608 $20,039,544,133
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 (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Bolivia vs Bulgaria by year

Bolivia
GDP per capita

GDP per capita, PPP
Bulgaria
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bolivia Bulgaria
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $5,148 - $20,328 -
2024 $4,421 $12,878 $17,597 $41,969
2023 $4,275 $12,892 $15,854 $38,829
2022 $4,219 $12,307 $14,000 $36,320
2021 $4,011 $11,202 $12,967 $30,959
2020 $3,581 $9,581 $10,761 $27,352
2019 $4,203 $11,005 $10,354 $26,766
2018 $4,207 $10,758 $9,850 $23,998
2017 $4,048 $10,420 $8,697 $22,317
2016 $3,036 $9,242 $7,823 $20,746
2015 $2,996 $8,757 $7,269 $18,896
2014 $3,041 $8,629 $8,070 $17,991
2013 $2,870 $8,069 $7,796 $16,894
2012 $2,576 $7,184 $7,432 $16,327
2011 $2,316 $6,598 $7,850 $15,747
2010 $1,930 $6,245 $6,854 $14,954
2009 $1,731 $6,024 $6,989 $14,188
2008 $1,693 $5,890 $7,272 $14,347
2007 $1,355 $5,537 $5,889 $12,822
2006 $1,203 $5,244 $4,523 $11,406
2005 $1,020 $4,938 $3,900 $10,291
2004 $953 $4,663 $3,390 $9,200
2003 $893 $4,433 $2,720 $8,416
2002 $888 $4,304 $2,093 $7,786
2001 $930 $4,205 $1,771 $6,960
2000 $976 $4,113 $1,621 $6,424
1999 $979 $3,991 $1,661 $5,808
1998 $1,022 $3,988 $1,821 $6,178
1997 $970 $3,822 $1,361 $5,751
1996 $922 $3,645 $1,470 $6,849
1995 $853 $3,494 $2,259 $7,743
1994 $774 $3,331 $1,150 $7,338
1993 $757 $3,177 $1,279 $7,032
1992 $760 $3,036 $1,007 $6,917
1991 $734 $2,981 $884 $7,215
1990 $683 $2,797 $2,377 $7,548
1989 $675 - $2,450 -
1988 $673 - $2,561 -
1987 $650 - $3,169 -
1986 $604 - $2,262 -
1985 $838 - $1,960 -
1984 $982 - $1,943 -
1983 $882 - $1,897 -
1982 $930 - $2,221 -
1981 $1,001 - $2,256 -
1980 $788 - $2,261 -
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 (1960–2025, retrieved 2026-07-08).

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

Bolivia's GDP per capita is $5,148, ranking 121/197, compared to $20,328 in Bulgaria, ranking 58/197. Adjusted for purchasing power (GDP per capita PPP), Bolivia ranks 122nd at $12,878, while Bulgaria ranks 54th at $41,969.

Economic indicators

Bolivia Bulgaria
Gross domestic product
$64.8B
2025
$131B
2025
GDP rank
88/197
2025
63/197
2025
GDP growth
-1.58%
2024-2025
3.1%
2024-2025
GDP per capita
$5,148
2025
$20,328
2025
GDP per capita rank
121/197
2025
58/197
2025
GDP per capita, PPP
$12,878
2024
$41,969
2024
GDP per capita PPP rank
122/197
2024
54/197
2024
Government debt
$54.9B
2025
$35.4B
2025
Debt-to-GDP ratio
84.8%
2025
27.1%
2025
Government debt per person
$4,364
2025
$5,507
2025
Government debt per person rank
93/185
2025
79/185
2025
Average annual personal income after taxes
$4,410
2026
$16,126
2026
Market capitalization of domestic companies n/a
$11.2B
2025
Number of billionaires n/a
2
2026
Income share by richest 10%
30.6%
2024
31.1%
2023
Income share by poorest 10%
1.9%
2024
2.1%
2023
Government expenditure, % of GDP
32.2%
2025
38.9%
2025
Consumer prices inflation
19.5%
2024-2025
3.5%
2024-2025
Central bank interest rate
3.26%
2025
1.81%
2025
Unemployment rate
2.73%
2024
3.5%
2025
Population
12837312
6390149

Spending and national debt comparison by year

Bolivia
Spending

Debt
Bulgaria
Spending

Debt
1x
Year % of GDP
Bolivia Bulgaria
Government spending Government debt Government spending Government debt
2025 32.2% 84.8% 38.9% 27.1%
2024 33.5% 83.2% 36.3% 23.8%
2023 33.5% 78.3% 37.5% 22.9%
2022 31.2% 69.2% 37.6% 22.5%
2021 29.4% 68.7% 38.5% 23.9%
2020 31.9% 67.5% 37.7% 22.7%
2019 30.1% 48.9% 36.1% 18.4%
2018 31.4% 44.2% 34.4% 20.1%
2017 31.6% 41.9% 32% 22.9%
2016 32.9% 38.2% 32.7% 27%
2015 37% 34% 37.3% 25.4%
2014 34.9% 31.8% 37.1% 26.3%
2013 30.4% 31% 35.5% 17.2%
2012 31.3% 30.7% 32.5% 16.5%
2011 30.6% 30.5% 32% 14.3%
2010 27.5% 32.8% 34.6% 14.1%
2009 28.9% 34.1% 33.8% 14.5%
2008 31.1% 32.4% 33.5% 14.7%
2007 28.9% 35.5% 33.1% 17.6%
2006 26.6% 48.6% 32.5% 22.6%
2005 29.5% 73.2% 34% 28.5%
2004 29% 80.6% 34.6% 37.8%
2003 28.6% 85.5% 35.8% 45.4%
2002 29.6% 77.2% 35.1% 53.4%
2001 28.6% 74.4% 36.5% 67.1%
2000 26.2% 66.5% 37.1% 73.3%
1999 26.3% 61.7% 36.2% 78.7%
1998 26.8% 61.2% 30.6% 67.3%
1997 25.3% 64.6% 32.9% 88.4%
1996 23.3% 72.4% 44% 113.8%
1995 23.1% 81.7% 45.4% 72%
1994 23.9% 87.6% - -
1993 24.3% 83.8% - -
1992 22.6% 92.4% - -
1991 21.6% 92.8% - -
1990 20.4% 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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08).

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

In 2025, Bolivia's government spending was $20.8B, accounting for 32.2% of its GDP, while Bulgaria spent $50.8B, or 38.9% of GDP.

Debt-to-GDP ratio is 84.8% in Bolivia and 27.1% in Bulgaria, ranking 36/185 and 164/185, respectively.

Government deficit by year

Deficit/surplus
Bolivia

Bulgaria
1x
Year Deficit/surplus, % of GDP
Bolivia Bulgaria
2025 -11.6% -3.01%
2024 -8.7% -3.01%
2023 -9.46% -3.04%
2022 -6.15% -0.8%
2021 -7.87% -2.8%
2020 -11% -2.92%
2019 -6.04% -0.96%
2018 -6.8% 0.12%
2017 -6.42% 0.82%
2016 -5.95% 1.54%
2015 -5.76% -2.77%
2014 -2.88% -3.65%
2013 0.51% -1.75%
2012 1.49% -0.43%
2011 0.72% -1.83%
2010 1.42% -3.77%
2009 2.29% -0.86%
2008 3.1% 2.73%
2007 -1.37% 3.09%
2006 3.99% 3.22%
2005 -2% 2.19%
2004 -4.97% 1.59%
2003 -7.04% 0.003%
2002 -7.82% -0.61%
2001 -6.11% -0.58%
2000 -3.34% -0.6%
1999 -3.43% 0.15%
1998 -4.56% 1.08%
1997 -2.94% 0.83%
1996 -1.7% -10.1%
1995 -1.63% -7.98%
1994 -2.68% -
1993 -5.46% -
1992 -3.94% -
1991 -3.76% -
1990 -3.94% -
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% -
1949 - -
1948 - -
1947 - -
1946 - -
1945 - -
1944 - 0%
1943 - 0%
1942 - -0.3%
1941 - 3.96%
1940 - 0.75%
1939 - 0.72%
1938 - 1%
1937 - 1.41%
1936 - 1.17%
1935 - 1.34%
1934 - -0.12%
1933 - -0.56%
1932 - -2.14%
1931 - -3.07%
1930 - -5.48%
1929 - -6.67%
1928 - -1.09%
1927 - -0.02%
1926 - -0.25%
1925 - -0.97%
1924 - 1.26%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1924–1997, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Bolivia's government deficit, the difference between spending and revenue, was $7.51B, equivalent to 11.6% of GDP. This compares to Bulgaria's deficit of $3.94B, or 3.01% of GDP.

Over the past 31 years, Bolivia recorded a fiscal deficit in 24 of those years, while Bulgaria ran a deficit in 19 years. On average, Bolivia posted an annual deficit equal to 3.94% of GDP, compared to deficit of 1.1% of GDP for Bulgaria.

Inflation comparison by year

Inflation
Bolivia

Bulgaria
1x
Year Consumer prices inflation
Bolivia Bulgaria
2025 19.5% 3.5%
2024 5.1% 2.6%
2023 2.58% 8.6%
2022 1.75% 13%
2021 0.74% 2.8%
2020 0.94% 1.2%
2019 1.84% 2.5%
2018 2.27% 2.6%
2017 2.82% 1.2%
2016 3.62% -1.3%
2015 4.06% -1.1%
2014 5.77% -1.6%
2013 5.74% 0.4%
2012 4.52% 2.4%
2011 9.88% 3.4%
2010 2.5% 3%
2009 3.35% 2.5%
2008 14% 12%
2007 8.71% 7.6%
2006 4.28% 7.4%
2005 5.39% 6%
2004 4.44% 6.1%
2003 3.34% 2.3%
2002 0.93% 5.8%
2001 1.59% 7.4%
2000 4.61% 10.3%
1999 2.16% 2.6%
1998 7.67% 18.7%
1997 4.71% 1,061%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Bolivia has recorded an average annual inflation rate of 4.79%, compared with 41.1% in Bulgaria. In 2025, inflation was 19.5% in Bolivia and 3.5% in Bulgaria.

Top exports between countries

Bolivia
Export category Export value
Precious metals & jewellery $972K
Raw agricultural goods $154K
Wood & paper products $24K
Processed food, beverages & tobacco $12K
Miscellaneous $6K
Bulgaria
Export category Export value
Chemicals & pharma $551K
Machinery & equipment $544K
Processed food, beverages & tobacco $420K
Raw materials & minerals $48K
Textiles & consumer goods $37K
Metals $5K
Miscellaneous $2K
Precious metals & jewellery $2K

Balance of trade

Bolivia Bulgaria
Current account balance
-$1.22B
2025
-$7.64B
2025
Current account balance ranking
124/190
2025
170/190
2025
Current account balance, % of GDP
-1.88%
2025
-5.84%
2025
Goods imports
$9.23B
2025
$58.5B
2025
Goods exports
$9.56B
2025
$47.9B
2025
Service imports
$2.25B
2025
$9.42B
2025
Service exports
$1.21B
2025
$18.6B
2025
Imports of goods and services, % of GDP
25.5%
2024
51.8%
2025
Exports of goods and services, % of GDP
21.4%
2024
50.7%
2025

Economic freedom indices

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

Bolivia Bulgaria
Economic freedom 42.4 68.9
Economic freedom ranking 184/197 44/197
Property rights 20.2 75.8
Government integrity 27.1 48.4
Judicial effectiveness 29.5 58.5
Tax burden 86.4 89.1
Government spending 56.3 58.4
Fiscal health 0.8 90.4
Business freedom 53.6 78.2
Labor freedom 52.2 62.4
Monetary freedom 67.1 75.8
Trade freedom 60.6 79.4
Investment freedom 15 60
Financial freedom 40 50

Economic freedom comparison by year

Bolivia
Bulgaria
1x
Year Economic freedom index
Bolivia Bulgaria
2026 42.4 68.9
2025 44.1 68.8
2024 43.5 68.5
2023 43.4 69.3
2022 43 71
2021 42.7 70.4
2020 42.8 70.2
2019 42.3 69
2018 44.1 68.3
2017 47.7 67.9
2016 47.4 65.9
2015 46.8 66.8
2014 48.4 65.7
2013 47.9 65
2012 50.2 64.7
2011 50 64.9
2010 49.4 62.3
2009 53.6 64.6
2008 53.1 63.7
2007 54.2 62.7
2006 57.8 64.1
2005 58.4 62.3
2004 64.5 59.2
2003 64.3 57
2002 65.1 57.1
2001 68 51.9
2000 65 47.3
1999 65.6 46.2
1998 68.8 45.7
1997 65.1 47.6
1996 65.2 48.6
1995 56.8 50

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Bolivia is 42.4, ranking 184/197, compared to 68.9 for Bulgaria, ranking 44/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bolivia Bulgaria
Services, % of GDP
53.4%
2024
63.3%
2025
Industry, % of GDP
31.3%
2024
21.2%
2025
Agriculture, forestry, and fishing, % of GDP
8.83%
2024
2.47%
2025
GNI, Atlas method
$55.6B
2025
$114B
2025
GNI per capita, PPP
$12,530
2025
$42,170
2025
Total reserves including gold
$580M
2025
$47.1B
2025
Total reserves ranking
155/177
2025
51/177
2025
Net foreign direct investment
-$464M
2025
-$3.37B
2025
Net inflows of foreign direct investment
$358M
2024
$3.05B
2024
Net outflows of foreign direct investment
$133M
2024
$1.21B
2024
Servicing debt to the IMF, % of GNI
3.41%
2024
6.8%
2024
Poverty at national poverty lines
37.7%
2024
21.7%
2023
Gross capital formation, % of GDP
17.9%
2024
21.7%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1924–1999, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2021–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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.