Skip to content

Economy of Bolivia vs Estonia compared: GDP & Debt

Updated on by Georank team

Bolivia has a GDP of $54.9B compared to $43.1B for Estonia, ranking 88/197 and 100/197 by economy size, respectively.

Bolivia has $53.8B in government debt (98% of GDP), compared to $10.1B (23.4% of GDP) in Estonia.

Bolivia vs Estonia GDP by year

Bolivia
Estonia
1x
Year GDP, current $
Bolivia Estonia
2024 $54,881,327,453 $43,130,419,829
2023 $52,340,206,946 $41,470,344,395
2022 $50,959,081,954 $38,226,641,740
2021 $47,877,892,402 $37,201,101,171
2020 $42,313,784,081 $31,820,771,494
2019 $49,056,643,589 $31,873,748,770
2018 $48,414,038,842 $31,222,632,741
2017 $45,927,439,595 $27,469,461,919
2016 $33,941,126,194 $24,561,027,788
2015 $33,000,198,249 $23,311,847,751
2014 $32,996,188,017 $27,055,689,003
2013 $30,659,338,886 $25,451,032,781
2012 $27,084,497,482 $23,237,406,116
2011 $23,963,164,697 $23,303,915,795
2010 $19,649,723,722 $19,524,355,419
2009 $17,339,992,194 $19,633,984,440
2008 $16,674,276,286 $24,342,935,404
2007 $13,120,108,008 $22,450,264,166
2006 $11,451,844,902 $17,025,671,810
2005 $9,549,122,905 $14,109,491,357
2004 $8,773,451,752 $12,148,595,031
2003 $8,082,399,640 $9,876,595,528
2002 $7,905,485,146 $7,370,119,619
2001 $8,141,516,928 $6,250,218,423
2000 $8,397,855,485 $5,686,579,748
1999 $8,285,064,435 $5,756,912,266
1998 $8,497,494,652 $5,674,080,543
1997 $7,925,736,821 $5,154,420,649
1996 $7,396,949,126 $4,786,018,988
1995 $6,715,161,732 $4,502,970,889
1994 $5,981,222,859 $4,123,011,420
1993 $5,734,699,489 $4,013,091,682
1992 $5,643,868,749 -
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/estonia | CC BY

GDP per capita in Bolivia vs Estonia by year

Bolivia
GDP per capita

GDP per capita, PPP
Estonia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bolivia Estonia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $4,421 $12,878 $31,428 $49,969
2023 $4,275 $12,892 $30,264 $48,637
2022 $4,219 $12,307 $28,340 $48,218
2021 $4,011 $11,202 $27,951 $44,252
2020 $3,581 $9,581 $23,934 $40,672
2019 $4,203 $11,005 $24,021 $40,586
2018 $4,207 $10,758 $23,618 $37,121
2017 $4,048 $10,420 $20,852 $34,507
2016 $3,036 $9,242 $18,666 $31,948
2015 $2,996 $8,757 $17,722 $29,713
2014 $3,041 $8,629 $20,582 $29,404
2013 $2,870 $8,069 $19,310 $27,831
2012 $2,576 $7,184 $17,568 $26,243
2011 $2,316 $6,598 $17,556 $24,652
2010 $1,930 $6,245 $14,664 $21,614
2009 $1,731 $6,024 $14,712 $20,489
2008 $1,693 $5,890 $18,206 $22,804
2007 $1,355 $5,537 $16,745 $22,201
2006 $1,203 $5,244 $12,641 $19,344
2005 $1,020 $4,938 $10,415 $16,638
2004 $953 $4,663 $8,916 $14,538
2003 $893 $4,433 $7,205 $13,135
2002 $888 $4,304 $5,343 $11,667
2001 $930 $4,205 $4,503 $10,309
2000 $976 $4,113 $4,071 $9,425
1999 $979 $3,991 $4,141 $8,412
1998 $1,022 $3,988 $4,093 $8,451
1997 $970 $3,822 $3,683 $7,980
1996 $922 $3,645 $3,381 $6,892
1995 $853 $3,494 $3,134 $6,480
1994 $774 $3,331 $2,819 $5,967
1993 $757 $3,177 $2,686 $5,814
1992 $760 $3,036 - $5,872
1991 $734 $2,981 - $7,151
1990 $683 $2,797 - $7,481
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/estonia | CC BY

Bolivia's GDP per capita is $4,421, ranking 125/197, compared to $31,428 in Estonia, ranking 40/197. Adjusted for purchasing power (GDP per capita PPP), Bolivia ranks 122nd at $12,878, while Estonia ranks 45th at $49,969.

Economic indicators

Bolivia Estonia
Gross domestic product
$54.9B
2024
$43.1B
2024
GDP rank
88/197
2024
100/197
2024
GDP growth
-1.12%
2023-2024
-0.09%
2023-2024
GDP per capita
$4,421
2024
$31,428
2024
GDP per capita rank
125/197
2024
40/197
2024
GDP per capita, PPP
$12,878
2024
$49,969
2024
GDP per capita PPP rank
122/197
2024
45/197
2024
Government debt
$53.8B
2024
$10.1B
2024
Debt-to-GDP ratio
98%
2024
23.4%
2024
Government debt per person
$4,331
2024
$7,356
2024
Government debt per person rank
88/185
2024
65/185
2024
Average annual personal income after taxes
$4,720
2026
$23,740
2026
Number of billionaires n/a
2
2025
Income share by richest 10%
31.3%
2023
23.7%
2023
Income share by poorest 10%
1.8%
2023
3.1%
2023
Government expenditure, % of GDP
39.8%
2024
43.6%
2024
Consumer prices inflation
5.1%
2023-2024
3.52%
2023-2024
Central bank interest rate
3.26%
2025
n/a
Unemployment rate
2.73%
2024
7.5%
2024
Population
12798112
1339590

Spending and national debt comparison by year

Bolivia
Spending

Debt
Estonia
Spending

Debt
1x
Year % of GDP
Bolivia Estonia
Government spending Government debt Government spending Government debt
2024 39.8% 98% 43.6% 23.4%
2023 38.7% 90.8% 43.5% 20.1%
2022 36% 80.1% 40.1% 19.2%
2021 34.8% 81.4% 42.1% 18.4%
2020 36.8% 78% 44.7% 19.1%
2019 36.1% 58.6% 39.1% 9.05%
2018 37.7% 53.1% 38.8% 8.51%
2017 38.6% 51.3% 38.9% 9.43%
2016 40% 46.5% 38.9% 10.2%
2015 44.5% 40.9% 39.3% 10.8%
2014 41.2% 37.6% 37.6% 11.6%
2013 35.4% 36.1% 38.3% 11.4%
2012 36% 35.4% 39.4% 11.1%
2011 35.4% 35.3% 37.6% 7.6%
2010 31.5% 37.6% 40.7% 7.99%
2009 33.2% 39.2% 46.1% 7.98%
2008 35.3% 36.8% 39.5% 4.67%
2007 32.7% 40% 33.8% 3.91%
2006 29.8% 54.4% 33.5% 4.72%
2005 33.2% 82.2% 33.7% 4.73%
2004 32.3% 89.8% 34.1% 5.16%
2003 32% 95.6% 35% 5.6%
2002 33.3% 86.7% 35.9% 5.66%
2001 32% 83% 35.3% 4.93%
2000 29.3% 74.3% 36.4% 5.11%
1999 29.4% 61.7% 40.7% 5.93%
1998 30% 61.2% 38.9% 5.4%
1997 28.3% 64.6% 35.8% 6.03%
1996 26% 72.4% 38.6% 7.3%
1995 25.8% 81.7% 39.5% 8.66%
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/estonia | CC BY

In 2024, Bolivia's government spending was $21.9B, accounting for 39.8% of its GDP, while Estonia spent $18.8B, or 43.6% of GDP.

Debt-to-GDP ratio is 98% in Bolivia and 23.4% in Estonia, ranking 26/185 and 171/185, respectively.

Government deficit by year

Deficit/surplus
Bolivia

Estonia
1x
Year Deficit/surplus, % of GDP
Bolivia Estonia
2024 -10.6% -1.51%
2023 -10.9% -3.13%
2022 -7.12% -1.08%
2021 -9.33% -2.57%
2020 -12.7% -5.42%
2019 -7.25% -0.11%
2018 -8.17% -1.15%
2017 -7.86% -1.07%
2016 -7.24% -0.62%
2015 -6.93% -0.24%
2014 -3.41% 0.42%
2013 0.6% -0.66%
2012 1.72% -0.86%
2011 0.83% 0.09%
2010 1.62% -1.09%
2009 2.63% -3.43%
2008 3.53% -2.92%
2007 -1.54% 2.5%
2006 4.47% 2.71%
2005 -2.24% 1.07%
2004 -5.54% 2.29%
2003 -7.88% 1.67%
2002 -8.79% 0.29%
2001 -6.82% 0.4%
2000 -3.73% -0.11%
1999 -3.84% -3.42%
1998 -5.1% 0.65%
1997 -3.28% 2.98%
1996 -1.9% -0.93%
1995 -1.82% -0.26%
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/estonia | 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 Estonia's deficit of $651M, or 1.51% of GDP.

Over the past 30 years, Bolivia recorded a fiscal deficit in 23 of those years, while Estonia ran a deficit in 19 years. On average, Bolivia posted an annual deficit equal to 4.29% of GDP, compared to deficit of 0.52% of GDP for Estonia.

Inflation comparison by year

Inflation
Bolivia

Estonia
1x
Year Consumer prices inflation
Bolivia Estonia
2024 5.1% 3.52%
2023 2.58% 9.16%
2022 1.75% 19.4%
2021 0.74% 4.65%
2020 0.94% -0.44%
2019 1.84% 2.28%
2018 2.27% 3.44%
2017 2.82% 3.42%
2016 3.62% 0.15%
2015 4.06% -0.49%
2014 5.77% -0.11%
2013 5.74% 2.78%
2012 4.52% 3.93%
2011 9.88% 4.98%
2010 2.5% 2.97%
2009 3.35% -0.08%
2008 14% 10.4%
2007 8.71% 6.6%
2006 4.28% 4.44%
2005 5.39% 4.08%
2004 4.44% 3.05%
2003 3.34% 1.33%
2002 0.93% 3.57%
2001 1.59% 5.75%
2000 4.61% 4.02%
1999 2.16% 3.3%
1998 7.67% 8.21%
1997 4.71% 10.6%

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

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

Over the past 28 years, Bolivia has recorded an average annual inflation rate of 4.26%, compared with 4.46% in Estonia. In 2024, inflation was 5.1% in Bolivia and 3.52% in Estonia.

Top exports between countries

Bolivia
Export category Export value
Raw agricultural goods $1.29M
Wood & paper products $43K
Estonia
Export category Export value
Machinery & equipment $3.85M
Chemicals & pharma $104K
Processed food, beverages & tobacco $21K
Raw materials & minerals $15K
Metals $5K
Textiles & consumer goods $3K
Weapons & explosives $1K

Balance of trade

Bolivia Estonia
Current account balance
-$1.41B
2024
-$543M
2024
Current account balance ranking
132/190
2024
107/190
2024
Current account balance, % of GDP
-2.56%
2024
-1.26%
2024
Goods imports
$9.15B
2024
$22.1B
2024
Goods exports
$8.93B
2024
$19B
2024
Service imports
$2.35B
2024
$10.4B
2024
Service exports
$1.14B
2024
$13.6B
2024
Imports of goods and services, % of GDP
25.5%
2024
75.4%
2024
Exports of goods and services, % of GDP
21.4%
2024
75.7%
2024

Economic freedom indices

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

Bolivia Estonia
Economic freedom 42.4 78.7
Economic freedom ranking 184/197 10/197
Property rights 20.2 93.6
Government integrity 27.1 86.3
Judicial effectiveness 29.5 92.4
Tax burden 86.4 77.9
Government spending 56.3 46
Fiscal health 0.8 93.1
Business freedom 53.6 82.8
Labor freedom 52.2 59
Monetary freedom 67.1 73.9
Trade freedom 60.6 79.4
Investment freedom 15 90
Financial freedom 40 70

Economic freedom comparison by year

Bolivia
Estonia
1x
Year Economic freedom index
Bolivia Estonia
2026 42.4 78.7
2025 44.1 78.9
2024 43.5 77.8
2023 43.4 78.6
2022 43 80
2021 42.7 78.2
2020 42.8 77.7
2019 42.3 76.6
2018 44.1 78.8
2017 47.7 79.1
2016 47.4 77.2
2015 46.8 76.8
2014 48.4 75.9
2013 47.9 75.3
2012 50.2 73.2
2011 50 75.2
2010 49.4 74.7
2009 53.6 76.4
2008 53.1 77.9
2007 54.2 78
2006 57.8 74.9
2005 58.4 75.2
2004 64.5 77.4
2003 64.3 77.7
2002 65.1 77.6
2001 68 76.1
2000 65 69.9
1999 65.6 73.8
1998 68.8 72.5
1997 65.1 69.1
1996 65.2 65.4
1995 56.8 65.2

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

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

The Economic Freedom Index for Bolivia is 42.4, ranking 184/197, compared to 78.7 for Estonia, ranking 10/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bolivia Estonia
Services, % of GDP
53.4%
2024
65.7%
2024
Industry, % of GDP
31.3%
2024
20.1%
2024
Agriculture, forestry, and fishing, % of GDP
8.83%
2024
1.77%
2024
GNI, Atlas method
$51.7B
2024
$39.6B
2024
GNI per capita, PPP
$12,620
2024
$48,880
2024
Total reserves including gold
$1.98B
2024
$2.07B
2024
Total reserves ranking
127/177
2024
125/177
2024
Net foreign direct investment
-$113M
2024
-$285M
2024
Net inflows of foreign direct investment
$387M
2024
-$3.44B
2024
Net outflows of foreign direct investment
$133M
2024
-$3.72B
2024
Servicing debt to the IMF, % of GNI
3.41%
2024
n/a
Poverty at national poverty lines
36.5%
2023
22.5%
2022
Gross capital formation, % of GDP
17.9%
2024
24.6%
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/estonia | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

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 (2020–2024, 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.