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Economy of Bolivia vs Croatia compared: GDP & Debt

Updated on by Georank team

Bolivia has a GDP of $54.9B compared to $93B for Croatia, ranking 88/197 and 75/197 by economy size, respectively.

Bolivia has $53.8B in government debt (98% of GDP), compared to $53.5B (57.6% of GDP) in Croatia.

Bolivia vs Croatia GDP by year

Bolivia
Croatia
1x
Year GDP, current $
Bolivia Croatia
2024 $54,881,327,453 $92,983,810,329
2023 $52,340,206,946 $85,624,153,964
2022 $50,959,081,954 $71,196,498,671
2021 $47,877,892,402 $69,002,365,163
2020 $42,313,784,081 $57,959,843,541
2019 $49,056,643,589 $61,466,721,186
2018 $48,414,038,842 $61,667,925,219
2017 $45,927,439,595 $56,182,782,586
2016 $33,941,126,194 $52,650,714,172
2015 $33,000,198,249 $50,998,893,385
2014 $32,996,188,017 $59,606,934,501
2013 $30,659,338,886 $59,846,265,182
2012 $27,084,497,482 $57,548,115,904
2011 $23,963,164,697 $62,889,007,657
2010 $19,649,723,722 $58,975,205,417
2009 $17,339,992,194 $62,315,996,675
2008 $16,674,276,286 $68,472,854,617
2007 $13,120,108,008 $59,290,621,398
2006 $11,451,844,902 $49,583,544,860
2005 $9,549,122,905 $45,013,119,282
2004 $8,773,451,752 $41,836,292,157
2003 $8,082,399,640 $35,245,317,002
2002 $7,905,485,146 $26,757,722,429
2001 $8,141,516,928 $23,066,883,850
2000 $8,397,855,485 $22,134,411,297
1999 $8,285,064,435 $23,777,026,779
1998 $8,497,494,652 $25,890,228,430
1997 $7,925,736,821 $24,175,764,812
1996 $7,396,949,126 $24,150,978,347
1995 $6,715,161,732 $22,772,394,547
1994 $5,981,222,859 $15,062,911,617
1993 $5,734,699,489 $11,259,647,874
1992 $5,643,868,749 $10,621,169,291
1991 $5,343,262,457 $18,760,386,775
1990 $4,867,582,598 $25,650,213,280
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/croatia | CC BY

GDP per capita in Bolivia vs Croatia by year

Bolivia
GDP per capita

GDP per capita, PPP
Croatia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bolivia Croatia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $4,421 $12,878 $24,050 $49,551
2023 $4,275 $12,892 $22,184 $47,760
2022 $4,219 $12,307 $18,466 $42,125
2021 $4,011 $11,202 $17,789 $36,930
2020 $3,581 $9,581 $14,808 $31,594
2019 $4,203 $11,005 $15,564 $33,064
2018 $4,207 $10,758 $15,460 $29,789
2017 $4,048 $10,420 $13,902 $27,888
2016 $3,036 $9,242 $12,820 $25,803
2015 $2,996 $8,757 $12,284 $23,750
2014 $3,041 $8,629 $14,187 $22,706
2013 $2,870 $8,069 $14,135 $22,430
2012 $2,576 $7,184 $13,508 $21,619
2011 $2,316 $6,598 $14,692 $21,191
2010 $1,930 $6,245 $13,730 $20,139
2009 $1,731 $6,024 $14,475 $20,358
2008 $1,693 $5,890 $15,888 $21,018
2007 $1,355 $5,537 $13,756 $19,568
2006 $1,203 $5,244 $11,501 $17,629
2005 $1,020 $4,938 $10,444 $15,451
2004 $953 $4,663 $9,719 $14,686
2003 $893 $4,433 $8,190 $13,692
2002 $888 $4,304 $6,220 $12,775
2001 $930 $4,205 $5,365 $11,653
2000 $976 $4,113 $4,954 $10,675
1999 $979 $3,991 $5,269 $9,943
1998 $1,022 $3,988 $5,713 $9,890
1997 $970 $3,822 $5,331 $9,536
1996 $922 $3,645 $5,300 $8,806
1995 $853 $3,494 $4,929 $8,052
1994 $774 $3,331 $3,238 $7,337
1993 $757 $3,177 $2,448 $6,861
1992 $760 $3,036 $2,321 $7,326
1991 $734 $2,981 $4,001 $7,918
1990 $683 $2,797 $5,369 $9,526
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/croatia | CC BY

Bolivia's GDP per capita is $4,421, ranking 125/197, compared to $24,050 in Croatia, ranking 50/197. Adjusted for purchasing power (GDP per capita PPP), Bolivia ranks 122nd at $12,878, while Croatia ranks 46th at $49,551.

Economic indicators

Bolivia Croatia
Gross domestic product
$54.9B
2024
$93B
2024
GDP rank
88/197
2024
75/197
2024
GDP growth
-1.12%
2023-2024
3.83%
2023-2024
GDP per capita
$4,421
2024
$24,050
2024
GDP per capita rank
125/197
2024
50/197
2024
GDP per capita, PPP
$12,878
2024
$49,551
2024
GDP per capita PPP rank
122/197
2024
46/197
2024
Government debt
$53.8B
2024
$53.5B
2024
Debt-to-GDP ratio
98%
2024
57.6%
2024
Government debt per person
$4,331
2024
$13,844
2024
Government debt per person rank
88/185
2024
42/185
2024
Average annual personal income after taxes
$4,720
2026
$20,856
2026
Market capitalization of domestic companies n/a
$27.8B
2024
Number of billionaires n/a
1
2025
Income share by richest 10%
31.3%
2023
23.3%
2023
Income share by poorest 10%
1.8%
2023
2.9%
2023
Government expenditure, % of GDP
39.8%
2024
48%
2024
Consumer prices inflation
5.1%
2023-2024
2.97%
2023-2024
Central bank interest rate
3.26%
2025
n/a
Unemployment rate
2.73%
2024
5.03%
2024
Population
12798112
3812193

Spending and national debt comparison by year

Bolivia
Spending

Debt
Croatia
Spending

Debt
1x
Year % of GDP
Bolivia Croatia
Government spending Government debt Government spending Government debt
2024 39.8% 98% 48% 57.6%
2023 38.7% 90.8% 46.8% 61.8%
2022 36% 80.1% 45% 68.5%
2021 34.8% 81.4% 48.1% 78.2%
2020 36.8% 78% 53.7% 86.5%
2019 36.1% 58.6% 44.3% 70.9%
2018 37.7% 53.1% 44.9% 72.8%
2017 38.6% 51.3% 44.1% 76.2%
2016 40% 46.5% 45.9% 79.3%
2015 44.5% 40.9% 47.5% 82.8%
2014 41.2% 37.6% 48.7% 83.2%
2013 35.4% 36.1% 47.9% 79.5%
2012 36% 35.4% 47.3% 68.9%
2011 35.4% 35.3% 48.6% 63.1%
2010 31.5% 37.6% 48.1% 56.8%
2009 33.2% 39.2% 49.2% 47.9%
2008 35.3% 36.8% 46.3% 38.9%
2007 32.7% 40% 46.3% 37.1%
2006 29.8% 54.4% 44.6% 38.4%
2005 33.2% 82.2% 46.5% 40.9%
2004 32.3% 89.8% 49% 40%
2003 32% 95.6% 49.6% 37.8%
2002 33.3% 86.7% 49.2% 36.5%
2001 32% 83% 50.6% 36.6%
2000 29.3% 74.3% 54.6% 35.4%
1999 29.4% 61.7% 58.9% 30%
1998 30% 61.2% 56.8% 23.3%
1997 28.3% 64.6% 51.7% 22.5%
1996 26% 72.4% 52.1% -
1995 25.8% 81.7% 50.3% -
1994 26.8% 87.6% 45.4% -
1993 27.2% 83.8% 36% -
1992 25.3% 92.4% 37.1% -
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/croatia | CC BY

In 2024, Bolivia's government spending was $21.9B, accounting for 39.8% of its GDP, while Croatia spent $44.6B, or 48% of GDP.

Debt-to-GDP ratio is 98% in Bolivia and 57.6% in Croatia, ranking 26/185 and 86/185, respectively.

Government deficit by year

Deficit/surplus
Bolivia

Croatia
1x
Year Deficit/surplus, % of GDP
Bolivia Croatia
2024 -10.6% -1.95%
2023 -10.9% -0.79%
2022 -7.12% 0.12%
2021 -9.33% -2.58%
2020 -12.7% -7.23%
2019 -7.25% 2.31%
2018 -8.17% 0.23%
2017 -7.86% 0.8%
2016 -7.24% -1.04%
2015 -6.93% -3.53%
2014 -3.41% -5.19%
2013 0.6% -5.52%
2012 1.72% -5.46%
2011 0.83% -7.53%
2010 1.62% -6.46%
2009 2.63% -7.15%
2008 3.53% -2.34%
2007 -1.54% -2.28%
2006 4.47% -2.01%
2005 -2.24% -3.24%
2004 -5.54% -6.09%
2003 -7.88% -5.03%
2002 -8.79% -4.9%
2001 -6.82% -4.79%
2000 -3.73% -9.2%
1999 -3.84% -11.1%
1998 -5.1% -6.36%
1997 -3.28% -4.93%
1996 -1.9% -4.41%
1995 -1.82% -4.23%
1994 -3% -0.82%
1993 -6.1% -2.67%
1992 -4.4% -5.69%
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/croatia | 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 Croatia's deficit of $1.82B, or 1.95% of GDP.

Over the past 33 years, Bolivia recorded a fiscal deficit in 26 of those years, while Croatia ran a deficit in 29 years. On average, Bolivia posted an annual deficit equal to 4.31% of GDP, compared to deficit of 3.97% of GDP for Croatia.

Inflation comparison by year

Inflation
Bolivia

Croatia
1x
Year Consumer prices inflation
Bolivia Croatia
2024 5.1% 2.97%
2023 2.58% 7.94%
2022 1.75% 10.8%
2021 0.74% 2.55%
2020 0.94% 0.15%
2019 1.84% 0.77%
2018 2.27% 1.5%
2017 2.82% 1.13%
2016 3.62% -1.12%
2015 4.06% -0.46%
2014 5.77% -0.22%
2013 5.74% 2.22%
2012 4.52% 3.41%
2011 9.88% 2.27%
2010 2.5% 1.03%
2009 3.35% 2.38%
2008 14% 6.08%
2007 8.71% 2.9%
2006 4.28% 3.19%
2005 5.39% 3.32%
2004 4.44% 2.06%
2003 3.34% 1.77%
2002 0.93% 1.67%
2001 1.59% 3.78%
2000 4.61% 4.61%
1999 2.16% 4.02%
1998 7.67% 6.4%
1997 4.71% 4.17%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Bolivia has recorded an average annual inflation rate of 4.26%, compared with 2.9% in Croatia. In 2024, inflation was 5.1% in Bolivia and 2.97% in Croatia.

Top exports between countries

Bolivia
Export category Export value
Raw agricultural goods $413K
Machinery & equipment $89K
Miscellaneous $52K
Wood & paper products $26K
Metals $8K
Raw materials & minerals $2K
Croatia
Export category Export value
Machinery & equipment $598K
Chemicals & pharma $158K
Textiles & consumer goods $37K
Processed food, beverages & tobacco $28K
Raw materials & minerals $27K
Weapons & explosives $9K

Balance of trade

Bolivia Croatia
Current account balance
-$1.41B
2024
-$1.05B
2024
Current account balance ranking
132/190
2024
125/190
2024
Current account balance, % of GDP
-2.56%
2024
-1.13%
2024
Goods imports
$9.15B
2024
$41.5B
2024
Goods exports
$8.93B
2024
$21.9B
2024
Service imports
$2.35B
2024
$8.35B
2024
Service exports
$1.14B
2024
$24.7B
2024
Imports of goods and services, % of GDP
25.5%
2024
54.8%
2024
Exports of goods and services, % of GDP
21.4%
2024
50.1%
2024

Economic freedom indices

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

Bolivia Croatia
Economic freedom 42.4 67.5
Economic freedom ranking 184/197 56/197
Property rights 20.2 81.1
Government integrity 27.1 52.6
Judicial effectiveness 29.5 71.7
Tax burden 86.4 70
Government spending 56.3 34.9
Fiscal health 0.8 92.2
Business freedom 53.6 79.6
Labor freedom 52.2 58.9
Monetary freedom 67.1 69.9
Trade freedom 60.6 79.4
Investment freedom 15 60
Financial freedom 40 60

Economic freedom comparison by year

Bolivia
Croatia
1x
Year Economic freedom index
Bolivia Croatia
2026 42.4 67.5
2025 44.1 68.7
2024 43.5 67.2
2023 43.4 66.4
2022 43 67.6
2021 42.7 63.6
2020 42.8 62.2
2019 42.3 61.4
2018 44.1 61
2017 47.7 59.4
2016 47.4 59.1
2015 46.8 61.5
2014 48.4 60.4
2013 47.9 61.3
2012 50.2 60.9
2011 50 61.1
2010 49.4 59.2
2009 53.6 55.1
2008 53.1 54.1
2007 54.2 53.4
2006 57.8 53.6
2005 58.4 51.9
2004 64.5 53.1
2003 64.3 53.3
2002 65.1 51.1
2001 68 50.7
2000 65 53.6
1999 65.6 53.1
1998 68.8 51.7
1997 65.1 46.7
1996 65.2 48
1995 56.8 -

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

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

The Economic Freedom Index for Bolivia is 42.4, ranking 184/197, compared to 67.5 for Croatia, ranking 56/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bolivia Croatia
Services, % of GDP
53.4%
2024
60.8%
2024
Industry, % of GDP
31.3%
2024
19.2%
2024
Agriculture, forestry, and fishing, % of GDP
8.83%
2024
2.9%
2024
GNI, Atlas method
$51.7B
2024
$86B
2024
GNI per capita, PPP
$12,620
2024
$49,740
2024
Total reserves including gold
$1.98B
2024
$3.34B
2024
Total reserves ranking
127/177
2024
116/177
2024
Net foreign direct investment
-$113M
2024
-$1.88B
2024
Net inflows of foreign direct investment
$387M
2024
$4.54B
2024
Net outflows of foreign direct investment
$133M
2024
$2.79B
2024
Servicing debt to the IMF, % of GNI
3.41%
2024
n/a
Poverty at national poverty lines
36.5%
2023
20.3%
2023
Gross capital formation, % of GDP
17.9%
2024
24.4%
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/croatia | 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 (2021–2024, 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.