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Economy of Bolivia vs Eritrea compared: GDP & Debt

Updated on by Georank team

Bolivia has a GDP of $54.9B compared to $2.07B for Eritrea, ranking 88/197 and 179/197 by economy size, respectively.

Bolivia has $53.8B in government debt (98% of GDP), compared to $3.54B (260.4% of GDP) in Eritrea.

Bolivia vs Eritrea GDP by year

Bolivia
Eritrea
1x
Year GDP, current $
Bolivia Eritrea
2024 $54,881,327,453 -
2023 $52,340,206,946 -
2022 $50,959,081,954 -
2021 $47,877,892,402 -
2020 $42,313,784,081 -
2019 $49,056,643,589 -
2018 $48,414,038,842 -
2017 $45,927,439,595 -
2016 $33,941,126,194 -
2015 $33,000,198,249 -
2014 $32,996,188,017 -
2013 $30,659,338,886 -
2012 $27,084,497,482 -
2011 $23,963,164,697 $2,065,001,626
2010 $19,649,723,722 $1,589,515,447
2009 $17,339,992,194 $1,856,695,551
2008 $16,674,276,286 $1,380,188,800
2007 $13,120,108,008 $1,317,974,491
2006 $11,451,844,902 $1,211,161,880
2005 $9,549,122,905 $1,098,424,686
2004 $8,773,451,752 $1,109,054,005
2003 $8,082,399,640 $870,248,268
2002 $7,905,485,146 $729,321,680
2001 $8,141,516,928 $752,371,689
2000 $8,397,855,485 $706,370,816
1999 $8,285,064,435 $688,918,537
1998 $8,497,494,652 $745,523,117
1997 $7,925,736,821 $686,490,090
1996 $7,396,949,126 $693,535,954
1995 $6,715,161,732 $578,015,625
1994 $5,981,222,859 $531,688,312
1993 $5,734,699,489 $467,872,715
1992 $5,643,868,749 $477,101,652
1991 $5,343,262,457 -
1990 $4,867,582,598 -
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/eritrea | CC BY

GDP per capita in Bolivia vs Eritrea by year

Bolivia
GDP per capita

GDP per capita, PPP
Eritrea
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bolivia Eritrea
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $4,421 $12,878 - -
2023 $4,275 $12,892 - -
2022 $4,219 $12,307 - -
2021 $4,011 $11,202 - -
2020 $3,581 $9,581 - -
2019 $4,203 $11,005 - -
2018 $4,207 $10,758 - -
2017 $4,048 $10,420 - -
2016 $3,036 $9,242 - -
2015 $2,996 $8,757 - -
2014 $3,041 $8,629 - -
2013 $2,870 $8,069 - -
2012 $2,576 $7,184 - -
2011 $2,316 $6,598 $689 $1,742
2010 $1,930 $6,245 $540 $1,599
2009 $1,731 $6,024 $643 $1,577
2008 $1,693 $5,890 $490 $1,547
2007 $1,355 $5,537 $480 $1,727
2006 $1,203 $5,244 $448 $1,682
2005 $1,020 $4,938 $413 $1,674
2004 $953 $4,663 $427 $1,621
2003 $893 $4,433 $349 $1,621
2002 $888 $4,304 $305 $1,702
2001 $930 $4,205 $325 $1,684
2000 $976 $4,113 $314 $1,558
1999 $979 $3,991 $311 $1,597
1998 $1,022 $3,988 $342 $1,598
1997 $970 $3,822 $319 $1,573
1996 $922 $3,645 $326 $1,449
1995 $853 $3,494 $285.4 $1,369
1994 $774 $3,331 $277.8 $1,379
1993 $757 $3,177 $252.1 $1,149
1992 $760 $3,036 $265.2 $1,021
1991 $734 $2,981 - -
1990 $683 $2,797 - -
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/eritrea | CC BY

Bolivia's GDP per capita is $4,421, ranking 125/197, compared to $689 in Eritrea, ranking 188/197. Adjusted for purchasing power (GDP per capita PPP), Bolivia ranks 122nd at $12,878, while Eritrea ranks 191st at $1,742.

Economic indicators

Bolivia Eritrea
Gross domestic product
$54.9B
2024
$2.07B
2011
GDP rank
88/197
2024
179/197
2011
GDP growth
-1.12%
2023-2024
8.68%
2010-2011
GDP per capita
$4,421
2024
$689
2011
GDP per capita rank
125/197
2024
188/197
2011
GDP per capita, PPP
$12,878
2024
$1,742
2011
GDP per capita PPP rank
122/197
2024
191/197
2011
Government debt
$53.8B
2024
$3.54B
2011
Debt-to-GDP ratio
98%
2024
260.4%
2019
Government debt per person
$4,331
2024
$1,182
2011
Government debt per person rank
88/185
2024
136/185
2011
Average annual personal income after taxes
$4,720
2026
$1,129
2026
Income share by richest 10%
31.3%
2023
n/a
Income share by poorest 10%
1.8%
2023
n/a
Government expenditure, % of GDP
39.8%
2024
31.3%
2019
Consumer prices inflation
5.1%
2023-2024
1.3%
2018-2019
Central bank interest rate
3.26%
2025
n/a
Unemployment rate
2.73%
2024
5.8%
2017
Population
12798112
3700586

Spending and national debt comparison by year

Bolivia
Spending

Debt
Eritrea
Spending

Debt
1x
Year % of GDP
Bolivia Eritrea
Government spending Government debt Government spending Government debt
2024 39.8% 98% - -
2023 38.7% 90.8% - -
2022 36% 80.1% - -
2021 34.8% 81.4% - -
2020 36.8% 78% - -
2019 36.1% 58.6% 31.3% 260.4%
2018 37.7% 53.1% 26.4% 267.1%
2017 38.6% 51.3% 42.5% 290.4%
2016 40% 46.5% 30.9% 251.2%
2015 44.5% 40.9% 31.1% 271.4%
2014 41.2% 37.6% 21.6% 204.5%
2013 35.4% 36.1% 32.7% 232.4%
2012 36% 35.4% 33.3% 171.6%
2011 35.4% 35.3% 32.3% 171.6%
2010 31.5% 37.6% 42.4% 201.8%
2009 33.2% 39.2% 44.9% 207.1%
2008 35.3% 36.8% 69.4% 259.7%
2007 32.7% 40% 51.2% 201.3%
2006 29.8% 54.4% 50.5% 199%
2005 33.2% 82.2% 76.6% 205.4%
2004 32.3% 89.8% 57.1% 193.5%
2003 32% 95.6% 58.1% 264%
2002 33.3% 86.7% 60.1% 243.4%
2001 32% 83% 59.5% 238.6%
2000 29.3% 74.3% 84.7% 219.1%
1999 29.4% 61.7% 106.1% -
1998 30% 61.2% 88% -
1997 28.3% 64.6% 60.1% -
1996 26% 72.4% 68.6% -
1995 25.8% 81.7% 81.2% -
1994 26.8% 87.6% 50.4% -
1993 27.2% 83.8% 67.2% -
1992 25.3% 92.4% 32.7% -
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/eritrea | CC BY

In 2024, Bolivia's government spending was $21.9B, accounting for 39.8% of its GDP, while Eritrea spent $666M, or 31.3% of GDP.

Debt-to-GDP ratio is 98% in Bolivia and 260.4% in Eritrea, ranking 26/185 and 2/185, respectively.

Government deficit by year

Deficit/surplus
Bolivia

Eritrea
1x
Year Deficit/surplus, % of GDP
Bolivia Eritrea
2024 -10.6% -
2023 -10.9% -
2022 -7.12% -
2021 -9.33% -
2020 -12.7% -
2019 -7.25% 2.72%
2018 -8.17% 5.22%
2017 -7.86% -5.74%
2016 -7.24% -1.44%
2015 -6.93% -2.77%
2014 -3.41% -0.12%
2013 0.6% -7.62%
2012 1.72% -5.21%
2011 0.83% -5.5%
2010 1.62% -16.5%
2009 2.63% -22.2%
2008 3.53% -38%
2007 -1.54% -19.8%
2006 4.47% -15.5%
2005 -2.24% -31%
2004 -5.54% -7.65%
2003 -7.88% 6.23%
2002 -8.79% -13.3%
2001 -6.82% -9.62%
2000 -3.73% -25.4%
1999 -3.84% -59.7%
1998 -5.1% -40.3%
1997 -3.28% -5.65%
1996 -1.9% -18.4%
1995 -1.82% -22.9%
1994 -3% 8.69%
1993 -6.1% 4.22%
1992 -4.4% 6.85%
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/eritrea | CC BY

In 2011, Bolivia's government surplus, the difference between spending and revenue, was $199M, equivalent to 0.83% of GDP. This compares to Eritrea's deficit of $114M, or 5.5% of GDP.

Over the past 20 years, Bolivia recorded a fiscal deficit in 15 of those years, while Eritrea ran a deficit in 16 years. On average, Bolivia posted an annual deficit equal to 2.64% of GDP, compared to deficit of 16.3% of GDP for Eritrea.

Inflation comparison by year

Inflation
Bolivia

Eritrea
1x
Year Consumer prices inflation
Bolivia Eritrea
2024 5.1% -
2023 2.58% -
2022 1.75% -
2021 0.74% -
2020 0.94% -
2019 1.84% 1.3%
2018 2.27% -14.4%
2017 2.82% -13.3%
2016 3.62% -5.6%
2015 4.06% 28.5%
2014 5.77% 8.4%
2013 5.74% 6.3%
2012 4.52% 6%
2011 9.88% 5.9%
2010 2.5% 10.3%
2009 3.35% 33.9%
2008 14% 22.2%
2007 8.71% 9.4%
2006 4.28% 7.7%
2005 5.39% 12.5%
2004 4.44% 25.1%
2003 3.34% 22.7%
2002 0.93% 16.9%
2001 1.59% 14.6%
2000 4.61% 19.9%
1999 2.16% 8.4%
1998 7.67% 9.5%
1997 4.71% 3.7%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06); International Monetary Fund (IMF) | World Economic Outlook (1997–2019, retrieved 2026-02-20).

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

Over the past 23 years, Bolivia has recorded an average annual inflation rate of 4.7%, compared with 10.4% in Eritrea. In 2019, inflation was 5.1% in Bolivia and 1.3% in Eritrea.

Balance of trade

Bolivia Eritrea
Current account balance
-$1.41B
2024
-$105M
2000
Current account balance ranking
132/190
2024
89/190
2000
Current account balance, % of GDP
-2.56%
2024
-14.8%
2000
Goods imports
$9.15B
2024
$471M
2000
Goods exports
$8.93B
2024
$36.8M
2000
Service imports
$2.35B
2024
$28.5M
2000
Service exports
$1.14B
2024
$60.9M
2000
Imports of goods and services, % of GDP
25.5%
2024
29.2%
2011
Exports of goods and services, % of GDP
21.4%
2024
18.2%
2011

Economic freedom indices

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

Bolivia Eritrea
Economic freedom 42.4 39.6
Economic freedom ranking 184/197 188/197
Property rights 20.2 4.8
Government integrity 27.1 10.9
Judicial effectiveness 29.5 5.5
Tax burden 86.4 80.3
Government spending 56.3 62.3
Fiscal health 0.8 69
Business freedom 53.6 30.7
Labor freedom 52.2 43.4
Monetary freedom 67.1 80
Trade freedom 60.6 68.4
Investment freedom 15 0
Financial freedom 40 20

Economic freedom comparison by year

Bolivia
Eritrea
1x
Year Economic freedom index
Bolivia Eritrea
2026 42.4 39.6
2025 44.1 38.6
2024 43.5 39.5
2023 43.4 39.5
2022 43 39.7
2021 42.7 42.3
2020 42.8 38.5
2019 42.3 38.9
2018 44.1 41.7
2017 47.7 42.2
2016 47.4 42.7
2015 46.8 38.9
2014 48.4 38.5
2013 47.9 36.3
2012 50.2 36.2
2011 50 36.7
2010 49.4 35.3
2009 53.6 38.5
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/eritrea | CC BY

The Economic Freedom Index for Bolivia is 42.4, ranking 184/197, compared to 39.6 for Eritrea, ranking 188/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bolivia Eritrea
Services, % of GDP
53.4%
2024
n/a
Industry, % of GDP
31.3%
2024
21.8%
2009
Agriculture, forestry, and fishing, % of GDP
8.83%
2024
14.1%
2009
GNI, Atlas method
$51.7B
2024
$1.94B
2011
GNI per capita, PPP
$12,620
2024
$1,720
2011
Total reserves including gold
$1.98B
2024
$192M
2019
Total reserves ranking
127/177
2024
170/177
2019
Net foreign direct investment
-$113M
2024
-$27.9M
2000
Net inflows of foreign direct investment
$387M
2024
-$27.9M
2024
Net outflows of foreign direct investment
$133M
2024
$0
2024
Servicing debt to the IMF, % of GNI
3.41%
2024
1.07%
2011
Poverty at national poverty lines
36.5%
2023
50%
2020
Gross capital formation, % of GDP
17.9%
2024
12.6%
2011

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/eritrea | 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. Central Intelligence Agency (CIA) (2017–2020, retrieved 2026-02-20)
  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.