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Economy of Bolivia vs Cyprus compared: GDP & Debt

Updated on by Georank team

Bolivia has a GDP of $54.9B compared to $37.6B for Cyprus, ranking 88/197 and 103/197 by economy size, respectively.

Bolivia has $53.8B in government debt (98% of GDP), compared to $24.5B (65.1% of GDP) in Cyprus.

Bolivia vs Cyprus GDP by year

Bolivia
Cyprus
1x
Year GDP, current $
Bolivia Cyprus
2024 $54,881,327,453 $37,634,533,332
2023 $52,340,206,946 $35,075,423,857
2022 $50,959,081,954 $31,218,038,929
2021 $47,877,892,402 $30,372,642,502
2020 $42,313,784,081 $25,555,093,854
2019 $49,056,643,589 $26,196,667,100
2018 $48,414,038,842 $25,754,001,368
2017 $45,927,439,595 $22,946,570,629
2016 $33,941,126,194 $21,046,462,281
2015 $33,000,198,249 $19,909,278,417
2014 $32,996,188,017 $23,225,918,260
2013 $30,659,338,886 $23,959,712,861
2012 $27,084,497,482 $25,047,436,975
2011 $23,963,164,697 $27,641,549,302
2010 $19,649,723,722 $25,799,940,078
2009 $17,339,992,194 $26,048,179,949
2008 $16,674,276,286 $27,844,646,258
2007 $13,120,108,008 $23,968,727,074
2006 $11,451,844,902 $20,072,754,987
2005 $9,549,122,905 $18,433,412,511
2004 $8,773,451,752 $17,320,551,250
2003 $8,082,399,640 $14,547,329,558
2002 $7,905,485,146 $11,420,228,846
2001 $8,141,516,928 $10,397,898,907
2000 $8,397,855,485 $9,985,847,314
1999 $8,285,064,435 $10,497,907,228
1998 $8,497,494,652 $10,248,618,778
1997 $7,925,736,821 $9,547,816,420
1996 $7,396,949,126 $10,011,914,680
1995 $6,715,161,732 $9,933,137,128
1994 $5,981,222,859 $7,425,703,929
1993 $5,734,699,489 $6,590,291,048
1992 $5,643,868,749 $6,912,150,456
1991 $5,343,262,457 $5,770,197,348
1990 $4,867,582,598 $5,591,130,218
1989 $4,715,973,437 $4,563,482,604
1988 $4,597,612,362 $4,278,792,597
1987 $4,347,956,338 $3,704,813,886
1986 $3,959,382,833 $3,090,734,463
1985 $5,377,276,555 $2,430,411,900
1984 $6,169,483,225 $2,278,248,953
1983 $5,422,656,823 $2,160,364,071
1982 $5,594,126,369 $2,159,242,417
1981 $5,891,598,695 $2,087,496,374
1980 $4,537,479,608 $2,154,311,277
1979 $4,421,336,383 $1,288,699,776
1978 $3,758,220,890 $964,024,364
1977 $3,227,436,282 $734,876,021
1976 $2,731,984,008 $576,090,074
1975 $2,404,697,651 $489,912,574
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/cyprus | CC BY

GDP per capita in Bolivia vs Cyprus by year

Bolivia
GDP per capita

GDP per capita, PPP
Cyprus
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bolivia Cyprus
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $4,421 $12,878 $27,707 $63,007
2023 $4,275 $12,892 $26,079 $59,875
2022 $4,219 $12,307 $23,448 $55,876
2021 $4,011 $11,202 $23,057 $47,633
2020 $3,581 $9,581 $19,624 $42,569
2019 $4,203 $11,005 $20,360 $44,394
2018 $4,207 $10,758 $20,267 $40,262
2017 $4,048 $10,420 $18,295 $37,768
2016 $3,036 $9,242 $17,013 $35,247
2015 $2,996 $8,757 $16,326 $31,380
2014 $3,041 $8,629 $19,326 $29,893
2013 $2,870 $8,069 $20,238 $30,416
2012 $2,576 $7,184 $21,493 $31,924
2011 $2,316 $6,598 $24,110 $33,406
2010 $1,930 $6,245 $22,876 $33,502
2009 $1,731 $6,024 $23,480 $33,901
2008 $1,693 $5,890 $25,522 $34,830
2007 $1,355 $5,537 $22,344 $32,888
2006 $1,203 $5,244 $19,037 $30,009
2005 $1,020 $4,938 $17,790 $27,763
2004 $953 $4,663 $17,016 $25,942
2003 $893 $4,433 $14,553 $24,278
2002 $888 $4,304 $11,636 $23,556
2001 $930 $4,205 $10,785 $22,866
2000 $976 $4,113 $10,537 $21,296
1999 $979 $3,991 $11,273 $19,663
1998 $1,022 $3,988 $11,206 $18,760
1997 $970 $3,822 $10,637 $17,781
1996 $922 $3,645 $11,373 $17,320
1995 $853 $3,494 $11,514 $17,096
1994 $774 $3,331 $8,791 $15,735
1993 $757 $3,177 $7,978 $14,852
1992 $760 $3,036 $8,530 $14,759
1991 $734 $2,981 $7,222 $13,546
1990 $683 $2,797 $7,092 $13,348
1989 $675 - $5,870 -
1988 $673 - $5,584 -
1987 $650 - $4,908 -
1986 $604 - $4,159 -
1985 $838 - $3,324 -
1984 $982 - $3,167 -
1983 $882 - $3,055 -
1982 $930 - $3,100 -
1981 $1,001 - $3,030 -
1980 $788 - $3,154 -
1979 $785 - $1,902 -
1978 $683 - $1,434 -
1977 $600 - $1,102 -
1976 $520 - $870 -
1975 $468 - $743 -
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/cyprus | CC BY

Bolivia's GDP per capita is $4,421, ranking 125/197, compared to $27,707 in Cyprus, ranking 45/197. Adjusted for purchasing power (GDP per capita PPP), Bolivia ranks 122nd at $12,878, while Cyprus ranks 29th at $63,007.

Economic indicators

Bolivia Cyprus
Gross domestic product
$54.9B
2024
$37.6B
2024
GDP rank
88/197
2024
103/197
2024
GDP growth
-1.12%
2023-2024
3.94%
2023-2024
GDP per capita
$4,421
2024
$27,707
2024
GDP per capita rank
125/197
2024
45/197
2024
GDP per capita, PPP
$12,878
2024
$63,007
2024
GDP per capita PPP rank
122/197
2024
29/197
2024
Government debt
$53.8B
2024
$24.5B
2024
Debt-to-GDP ratio
98%
2024
65.1%
2024
Government debt per person
$4,331
2024
$18,034
2024
Government debt per person rank
88/185
2024
34/185
2024
Average annual personal income after taxes
$4,720
2026
$25,384
2026
Market capitalization of domestic companies n/a
$10.9B
2024
Number of billionaires n/a
10
2025
Income share by richest 10%
31.3%
2023
26.3%
2023
Income share by poorest 10%
1.8%
2023
3.6%
2023
Government expenditure, % of GDP
39.8%
2024
40%
2024
Consumer prices inflation
5.1%
2023-2024
1.8%
2023-2024
Central bank interest rate
3.26%
2025
n/a
Unemployment rate
2.73%
2024
4.87%
2024
Population
12798112
1386362

Spending and national debt comparison by year

Bolivia
Spending

Debt
Cyprus
Spending

Debt
1x
Year % of GDP
Bolivia Cyprus
Government spending Government debt Government spending Government debt
2024 39.8% 98% 40% 65.1%
2023 38.7% 90.8% 42% 73.6%
2022 36% 80.1% 38% 81.1%
2021 34.8% 81.4% 42.6% 96.5%
2020 36.8% 78% 45.9% 113.6%
2019 36.1% 58.6% 40.3% 92.3%
2018 37.7% 53.1% 44.3% 100.7%
2017 38.6% 51.3% 38.4% 96.4%
2016 40% 46.5% 39.6% 106.8%
2015 44.5% 40.9% 43% 111.6%
2014 41.2% 37.6% 52.1% 113%
2013 35.4% 36.1% 42.1% 102.7%
2012 36% 35.4% 41.9% 79.2%
2011 35.4% 35.3% 42.1% 64.8%
2010 31.5% 37.6% 41.7% 55.3%
2009 33.2% 39.2% 41.9% 52.8%
2008 35.3% 36.8% 38.2% 44.1%
2007 32.7% 40% 37.6% 53.1%
2006 29.8% 54.4% 39.1% 59%
2005 33.2% 82.2% 39.7% 64%
2004 32.3% 89.8% 38.6% 64.7%
2003 32% 95.6% 40.4% 63%
2002 33.3% 86.7% 37.4% 61%
2001 32% 83% 35.7% 57.5%
2000 29.3% 74.3% 35% 56%
1999 29.4% 61.7% 34.3% 55.7%
1998 30% 61.2% 34.4% 55%
1997 28.3% 64.6% 34.2% 53.5%
1996 26% 72.4% 32.4% 48.8%
1995 25.8% 81.7% 30.4% 46.7%
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/cyprus | CC BY

In 2024, Bolivia's government spending was $21.9B, accounting for 39.8% of its GDP, while Cyprus spent $15B, or 40% of GDP.

Debt-to-GDP ratio is 98% in Bolivia and 65.1% in Cyprus, ranking 26/185 and 68/185, respectively.

Government deficit by year

Deficit/surplus
Bolivia

Cyprus
1x
Year Deficit/surplus, % of GDP
Bolivia Cyprus
2024 -10.6% 4.28%
2023 -10.9% 1.7%
2022 -7.12% 2.65%
2021 -9.33% -1.64%
2020 -12.7% -5.57%
2019 -7.25% 1.03%
2018 -8.17% -3.36%
2017 -7.86% 2.13%
2016 -7.24% 0.45%
2015 -6.93% -0.77%
2014 -3.41% -8.8%
2013 0.6% -5.16%
2012 1.72% -5.55%
2011 0.83% -5.65%
2010 1.62% -4.68%
2009 2.63% -5.43%
2008 3.53% 0.87%
2007 -1.54% 3.23%
2006 4.47% -1.04%
2005 -2.24% -2.22%
2004 -5.54% -3.71%
2003 -7.88% -5.91%
2002 -8.79% -4.13%
2001 -6.82% -2.11%
2000 -3.73% -2.24%
1999 -3.84% -4.05%
1998 -5.1% -3.85%
1997 -3.28% -4.82%
1996 -1.9% -2.96%
1995 -1.82% -0.71%
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/cyprus | 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 Cyprus' surplus of $1.61B, or 4.28% of GDP.

Over the past 30 years, Bolivia recorded a fiscal deficit in 23 of those years, while Cyprus ran a deficit in 22 years. On average, Bolivia posted an annual deficit equal to 4.29% of GDP, compared to deficit of 2.27% of GDP for Cyprus.

Inflation comparison by year

Inflation
Bolivia

Cyprus
1x
Year Consumer prices inflation
Bolivia Cyprus
2024 5.1% 1.8%
2023 2.58% 3.54%
2022 1.75% 8.4%
2021 0.74% 2.45%
2020 0.94% -0.64%
2019 1.84% 0.25%
2018 2.27% 1.44%
2017 2.82% 0.53%
2016 3.62% -1.43%
2015 4.06% -2.1%
2014 5.77% -1.35%
2013 5.74% -0.4%
2012 4.52% 2.39%
2011 9.88% 3.29%
2010 2.5% 2.43%
2009 3.35% 0.33%
2008 14% 4.67%
2007 8.71% 2.37%
2006 4.28% 2.3%
2005 5.39% 2.56%
2004 4.44% 2.29%
2003 3.34% 4.14%
2002 0.93% 2.8%
2001 1.59% 1.97%
2000 4.61% 4.14%
1999 2.16% 1.63%
1998 7.67% 2.23%
1997 4.71% 3.61%

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

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

Over the past 28 years, Bolivia has recorded an average annual inflation rate of 4.26%, compared with 1.99% in Cyprus. In 2024, inflation was 5.1% in Bolivia and 1.8% in Cyprus.

Top exports between countries

Bolivia
Export category Export value
Cyprus
Export category Export value
Textiles & consumer goods $12K
Chemicals & pharma $10K
Machinery & equipment $6K

Balance of trade

Bolivia Cyprus
Current account balance
-$1.41B
2024
-$3.07B
2024
Current account balance ranking
132/190
2024
157/190
2024
Current account balance, % of GDP
-2.56%
2024
-8.16%
2024
Goods imports
$9.15B
2024
$11.9B
2024
Goods exports
$8.93B
2024
$4.43B
2024
Service imports
$2.35B
2024
$23.2B
2024
Service exports
$1.14B
2024
$32.1B
2024
Imports of goods and services, % of GDP
25.5%
2024
93.4%
2024
Exports of goods and services, % of GDP
21.4%
2024
97%
2024

Economic freedom indices

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

Bolivia Cyprus
Economic freedom 42.4 74.1
Economic freedom ranking 184/197 21/197
Property rights 20.2 85.1
Government integrity 27.1 59.7
Judicial effectiveness 29.5 89.8
Tax burden 86.4 80.8
Government spending 56.3 52.1
Fiscal health 0.8 91.5
Business freedom 53.6 82.3
Labor freedom 52.2 60.3
Monetary freedom 67.1 78.7
Trade freedom 60.6 79.4
Investment freedom 15 70
Financial freedom 40 60

Economic freedom comparison by year

Bolivia
Cyprus
1x
Year Economic freedom index
Bolivia Cyprus
2026 42.4 74.1
2025 44.1 73.2
2024 43.5 72.2
2023 43.4 72.3
2022 43 72.9
2021 42.7 71.4
2020 42.8 70.1
2019 42.3 68.1
2018 44.1 67.8
2017 47.7 67.9
2016 47.4 68.7
2015 46.8 67.9
2014 48.4 67.6
2013 47.9 69
2012 50.2 71.8
2011 50 73.3
2010 49.4 70.9
2009 53.6 70.8
2008 53.1 71.3
2007 54.2 71.7
2006 57.8 71.8
2005 58.4 71.9
2004 64.5 74.1
2003 64.3 73.3
2002 65.1 73
2001 68 71
2000 65 67.2
1999 65.6 67.8
1998 68.8 68.2
1997 65.1 67.9
1996 65.2 67.7
1995 56.8 -

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

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

The Economic Freedom Index for Bolivia is 42.4, ranking 184/197, compared to 74.1 for Cyprus, ranking 21/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bolivia Cyprus
Services, % of GDP
53.4%
2024
76.5%
2024
Industry, % of GDP
31.3%
2024
11.1%
2024
Agriculture, forestry, and fishing, % of GDP
8.83%
2024
1.16%
2024
GNI, Atlas method
$51.7B
2024
$32B
2024
GNI per capita, PPP
$12,620
2024
$56,200
2024
Total reserves including gold
$1.98B
2024
$2.09B
2024
Total reserves ranking
127/177
2024
124/177
2024
Net foreign direct investment
-$113M
2024
-$5.49B
2024
Net inflows of foreign direct investment
$387M
2024
-$50.4B
2024
Net outflows of foreign direct investment
$133M
2024
-$55.9B
2024
Servicing debt to the IMF, % of GNI
3.41%
2024
n/a
Poverty at national poverty lines
36.5%
2023
13.9%
2021
Gross capital formation, % of GDP
17.9%
2024
20.7%
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/cyprus | 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 (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.