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Economy of Bolivia vs East Timor compared: GDP & Debt

Updated on by Georank team

Bolivia has a GDP of $54.9B compared to $1.87B for East Timor, ranking 88/197 and 181/197 by economy size, respectively.

Bolivia has $53.8B in government debt (98% of GDP), compared to $249M (13.3% of GDP) in East Timor.

Bolivia vs East Timor GDP by year

Bolivia
East Timor
1x
Year GDP, current $
Bolivia East Timor
2024 $54,881,327,453 $1,865,608,515
2023 $52,340,206,946 $2,079,767,170
2022 $50,959,081,954 $3,208,599,889
2021 $47,877,892,402 $3,625,024,341
2020 $42,313,784,081 $2,162,619,241
2019 $49,056,643,589 $2,032,550,389
2018 $48,414,038,842 $1,555,988,614
2017 $45,927,439,595 $1,584,878,440
2016 $33,941,126,194 $1,640,464,612
2015 $33,000,198,249 $1,590,282,371
2014 $32,996,188,017 $1,447,535,183
2013 $30,659,338,886 $1,395,727,421
2012 $27,084,497,482 $1,160,555,040
2011 $23,963,164,697 $1,042,534,598
2010 $19,649,723,722 $881,909,347
2009 $17,339,992,194 $726,937,836
2008 $16,674,276,286 $648,523,571
2007 $13,120,108,008 $542,795,447
2006 $11,451,844,902 $453,792,415
2005 $9,549,122,905 $462,267,954
2004 $8,773,451,752 $440,771,962
2003 $8,082,399,640 $490,439,116
2002 $7,905,485,146 $469,455,491
2001 $8,141,516,928 $477,359,253
2000 $8,397,855,485 $366,924,277
1999 $8,285,064,435 $225,357,600
1998 $8,497,494,652 $325,729,800
1997 $7,925,736,821 $319,972,700
1996 $7,396,949,126 $306,956,900
1995 $6,715,161,732 $262,819,900
1994 $5,981,222,859 $239,040,500
1993 $5,734,699,489 $216,914,400
1992 $5,643,868,749 $187,891,500
1991 $5,343,262,457 $147,713,000
1990 $4,867,582,598 $128,210,142
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/east-timor | CC BY

GDP per capita in Bolivia vs East Timor by year

Bolivia
GDP per capita

GDP per capita, PPP
East Timor
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bolivia East Timor
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $4,421 $12,878 $1,332 $4,423
2023 $4,275 $12,892 $1,502 $4,807
2022 $4,219 $12,307 $2,343 $5,730
2021 $4,011 $11,202 $2,685 $6,825
2020 $3,581 $9,581 $1,631 $6,132
2019 $4,203 $11,005 $1,562 $4,557
2018 $4,207 $10,758 $1,219 $3,561
2017 $4,048 $10,420 $1,266 $3,463
2016 $3,036 $9,242 $1,336 $3,391
2015 $2,996 $8,757 $1,320 $3,108
2014 $3,041 $8,629 $1,225 $2,860
2013 $2,870 $8,069 $1,205 $2,566
2012 $2,576 $7,184 $1,023 $2,386
2011 $2,316 $6,598 $939 $2,066
2010 $1,930 $6,245 $813 $1,955
2009 $1,731 $6,024 $687 $1,810
2008 $1,693 $5,890 $628 $1,675
2007 $1,355 $5,537 $540 $1,516
2006 $1,203 $5,244 $465 $1,377
2005 $1,020 $4,938 $487 $1,435
2004 $953 $4,663 $474 $1,379
2003 $893 $4,433 $535 $1,355
2002 $888 $4,304 $534 $1,417
2001 $930 $4,205 $588 $1,619
2000 $976 $4,113 $492 $1,483
1999 $979 $3,991 $270 $819
1998 $1,022 $3,988 $346 $1,108
1997 $970 $3,822 $349 $1,149
1996 $922 $3,645 $344 $1,116
1995 $853 $3,494 $303 $1,043
1994 $774 $3,331 $283.1 $985
1993 $757 $3,177 $264.1 $925
1992 $760 $3,036 $235.1 $843
1991 $734 $2,981 $189.8 $766
1990 $683 $2,797 $168.6 $685
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/east-timor | CC BY

Bolivia's GDP per capita is $4,421, ranking 125/197, compared to $1,332 in East Timor, ranking 167/197. Adjusted for purchasing power (GDP per capita PPP), Bolivia ranks 122nd at $12,878, while East Timor ranks 163rd at $4,423.

Economic indicators

Bolivia East Timor
Gross domestic product
$54.9B
2024
$1.87B
2024
GDP rank
88/197
2024
181/197
2024
GDP growth
-1.12%
2023-2024
-9.1%
2023-2024
GDP per capita
$4,421
2024
$1,332
2024
GDP per capita rank
125/197
2024
167/197
2024
GDP per capita, PPP
$12,878
2024
$4,423
2024
GDP per capita PPP rank
122/197
2024
163/197
2024
Government debt
$53.8B
2024
$249M
2024
Debt-to-GDP ratio
98%
2024
13.3%
2024
Government debt per person
$4,331
2024
$177.5
2024
Government debt per person rank
88/185
2024
182/185
2024
Average annual personal income after taxes
$4,720
2026
$1,440
2026
Income share by richest 10%
31.3%
2023
24%
2014
Income share by poorest 10%
1.8%
2023
4%
2014
Government expenditure, % of GDP
39.8%
2024
90.8%
2024
Consumer prices inflation
5.1%
2023-2024
2.1%
2023-2024
Central bank interest rate
3.26%
2025
n/a
Unemployment rate
2.73%
2024
1.54%
2022
Population
12798112
1441764

Spending and national debt comparison by year

Bolivia
Spending

Debt
East Timor
Spending

Debt
1x
Year % of GDP
Bolivia East Timor
Government spending Government debt Government spending Government debt
2024 39.8% 98% 90.8% 13.3%
2023 38.7% 90.8% 78.6% 12.4%
2022 36% 80.1% 59.9% 7.9%
2021 34.8% 81.4% 45.7% 6.53%
2020 36.8% 78% 61.7% 10.1%
2019 36.1% 58.6% 68.8% 9.51%
2018 37.7% 53.1% 85.5% 9.31%
2017 38.6% 51.3% 87.3% 6.71%
2016 40% 46.5% 112.2% 4.71%
2015 44.5% 40.9% 98.1% 2.95%
2014 41.2% 37.6% 111% 1.52%
2013 35.4% 36.1% 96.1% 0.46%
2012 36% 35.4% 129.3% 0.002%
2011 35.4% 35.3% 133.3% 0%
2010 31.5% 37.6% 121.3% 0%
2009 33.2% 39.2% 121.8% 0%
2008 35.3% 36.8% 122.4% 0%
2007 32.7% 40% 75.8% 0%
2006 29.8% 54.4% 59.8% 0%
2005 33.2% 82.2% 58.3% 0%
2004 32.3% 89.8% 74.2% 0%
2003 32% 95.6% 80.1% 0%
2002 33.3% 86.7% 93.5% 0%
2001 32% 83% 95.7% 0%
2000 29.3% 74.3% - -
1999 29.4% 61.7% - -
1998 30% 61.2% - -
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/east-timor | CC BY

In 2024, Bolivia's government spending was $21.9B, accounting for 39.8% of its GDP, while East Timor spent $1.69B, or 90.8% of GDP.

Debt-to-GDP ratio is 98% in Bolivia and 13.3% in East Timor, ranking 26/185 and 178/185, respectively.

Government deficit by year

Deficit/surplus
Bolivia

East Timor
1x
Year Deficit/surplus, % of GDP
Bolivia East Timor
2024 -10.6% -43.5%
2023 -10.9% -34.7%
2022 -7.12% -29.5%
2021 -9.33% -20.1%
2020 -12.7% -18.9%
2019 -7.25% -25.4%
2018 -8.17% -26.9%
2017 -7.86% -33.8%
2016 -7.24% -55.7%
2015 -6.93% -33.2%
2014 -3.41% -37.5%
2013 0.6% -14.4%
2012 1.72% -38.7%
2011 0.83% -25.4%
2010 1.62% -19.8%
2009 2.63% -17.2%
2008 3.53% -18.6%
2007 -1.54% -29.9%
2006 4.47% 41%
2005 -2.24% -10.5%
2004 -5.54% -7.48%
2003 -7.88% -8.24%
2002 -8.79% -7.64%
2001 -6.82% 3.24%
2000 -3.73% -
1999 -3.84% -
1998 -5.1% -
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/east-timor | 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 East Timor's deficit of $812M, or 43.5% of GDP.

Over the past 24 years, Bolivia recorded a fiscal deficit in 17 of those years, while East Timor ran a deficit in 22 years. On average, Bolivia posted an annual deficit equal to 4.54% of GDP, compared to deficit of 21.4% of GDP for East Timor.

Inflation comparison by year

Inflation
Bolivia

East Timor
1x
Year Consumer prices inflation
Bolivia East Timor
2024 5.1% 2.1%
2023 2.58% 8.4%
2022 1.75% 7%
2021 0.74% 3.8%
2020 0.94% 0.5%
2019 1.84% 0.9%
2018 2.27% 2.3%
2017 2.82% 0.5%
2016 3.62% -1.5%
2015 4.06% 0.6%
2014 5.77% 0.8%
2013 5.74% 9.5%
2012 4.52% 10.9%
2011 9.88% 13.2%
2010 2.5% 5.2%
2009 3.35% -0.2%
2008 14% 7.4%
2007 8.71% 8.6%
2006 4.28% 5.2%
2005 5.39% 1.6%
2004 4.44% 2.2%
2003 3.34% 8%
2002 0.93% 4.1%
2001 1.59% 3.6%
2000 4.61% -
1999 2.16% -
1998 7.67% -
1997 4.71% -

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06); International Monetary Fund (IMF) | World Economic Outlook (2001–2024, retrieved 2026-02-20).

GeoRank.org/economy/bolivia/east-timor | CC BY

Over the past 24 years, Bolivia has recorded an average annual inflation rate of 4.17%, compared with 4.36% in East Timor. In 2024, inflation was 5.1% in Bolivia and 2.1% in East Timor.

Top exports between countries

Bolivia
Export category Export value
Processed food, beverages & tobacco $5K
Miscellaneous $3K
East Timor
Export category Export value

Balance of trade

Bolivia East Timor
Current account balance
-$1.41B
2024
-$587M
2024
Current account balance ranking
132/190
2024
108/190
2024
Current account balance, % of GDP
-2.56%
2024
-31.5%
2024
Goods imports
$9.15B
2024
$839M
2024
Goods exports
$8.93B
2024
$196M
2024
Service imports
$2.35B
2024
$432M
2024
Service exports
$1.14B
2024
$82.1M
2024
Imports of goods and services, % of GDP
25.5%
2024
84.9%
2024
Exports of goods and services, % of GDP
21.4%
2024
10.6%
2024

Economic freedom indices

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

Bolivia East Timor
Economic freedom 42.4 47.9
Economic freedom ranking 184/197 173/197
Property rights 20.2 43.5
Government integrity 27.1 43.9
Judicial effectiveness 29.5 34.5
Tax burden 86.4 97.1
Government spending 56.3 0
Fiscal health 0.8 19.6
Business freedom 53.6 62.7
Labor freedom 52.2 56.5
Monetary freedom 67.1 72.2
Trade freedom 60.6 79.8
Investment freedom 15 45
Financial freedom 40 20

Economic freedom comparison by year

Bolivia
East Timor
1x
Year Economic freedom index
Bolivia East Timor
2026 42.4 47.9
2025 44.1 47.9
2024 43.5 50.2
2023 43.4 47.2
2022 43 46.3
2021 42.7 44.7
2020 42.8 45.9
2019 42.3 44.2
2018 44.1 48.1
2017 47.7 46.3
2016 47.4 45.8
2015 46.8 45.5
2014 48.4 43.2
2013 47.9 43.7
2012 50.2 43.3
2011 50 42.8
2010 49.4 45.8
2009 53.6 50.5
2008 53.1 -
2007 54.2 -
2006 57.8 -
2005 58.4 -
2004 64.5 -
2003 64.3 -
2002 65.1 -
2001 68 -
2000 65 -
1999 65.6 -
1998 68.8 -
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/east-timor | CC BY

The Economic Freedom Index for Bolivia is 42.4, ranking 184/197, compared to 47.9 for East Timor, ranking 173/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bolivia East Timor
Services, % of GDP
53.4%
2024
71.6%
2024
Industry, % of GDP
31.3%
2024
11.8%
2024
Agriculture, forestry, and fishing, % of GDP
8.83%
2024
20.2%
2024
GNI, Atlas method
$51.7B
2024
$2.31B
2024
GNI per capita, PPP
$12,620
2024
$5,040
2024
Total reserves including gold
$1.98B
2024
$737M
2024
Total reserves ranking
127/177
2024
147/177
2024
Net foreign direct investment
-$113M
2024
-$211M
2024
Net inflows of foreign direct investment
$387M
2024
$216M
2024
Net outflows of foreign direct investment
$133M
2024
$4.5M
2024
Servicing debt to the IMF, % of GNI
3.41%
2024
1.23%
2024
Poverty at national poverty lines
36.5%
2023
41.8%
2014
Gross capital formation, % of GDP
17.9%
2024
30.1%
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/east-timor | 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 (2020–2022, 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.