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Economy of Bolivia vs Eswatini compared: GDP & Debt

Updated on by Georank team

Bolivia has a GDP of $54.9B compared to $4.86B for Eswatini, ranking 88/197 and 162/197 by economy size, respectively.

Bolivia has $53.8B in government debt (98% of GDP), compared to $1.93B (39.8% of GDP) in Eswatini.

Bolivia vs Eswatini GDP by year

Bolivia
Eswatini
1x
Year GDP, current $
Bolivia Eswatini
2024 $54,881,327,453 $4,858,885,841
2023 $52,340,206,946 $4,621,191,262
2022 $50,959,081,954 $4,746,660,274
2021 $47,877,892,402 $4,807,069,277
2020 $42,313,784,081 $4,134,677,810
2019 $49,056,643,589 $4,617,018,959
2018 $48,414,038,842 $4,643,751,059
2017 $45,927,439,595 $4,462,640,651
2016 $33,941,126,194 $3,722,306,117
2015 $33,000,198,249 $3,908,217,914
2014 $32,996,188,017 $4,285,065,665
2013 $30,659,338,886 $4,463,396,204
2012 $27,084,497,482 $4,747,813,067
2011 $23,963,164,697 $4,722,912,047
2010 $19,649,723,722 $4,360,714,359
2009 $17,339,992,194 $3,525,213,502
2008 $16,674,276,286 $3,235,921,171
2007 $13,120,108,008 $3,391,122,887
2006 $11,451,844,902 $3,215,307,901
2005 $9,549,122,905 $3,097,946,371
2004 $8,773,451,752 $2,710,331,785
2003 $8,082,399,640 $2,149,632,433
2002 $7,905,485,146 $1,393,945,031
2001 $8,141,516,928 $1,502,870,486
2000 $8,397,855,485 $1,697,161,558
1999 $8,285,064,435 $1,547,888,496
1998 $8,497,494,652 $1,576,908,856
1997 $7,925,736,821 $1,716,714,070
1996 $7,396,949,126 $1,602,741,834
1995 $6,715,161,732 $1,698,989,464
1994 $5,981,222,859 $1,419,294,254
1993 $5,734,699,489 $1,357,189,552
1992 $5,643,868,749 $1,284,759,928
1991 $5,343,262,457 $1,156,135,718
1990 $4,867,582,598 $1,114,694,041
1989 $4,715,973,437 $696,921,542
1988 $4,597,612,362 $692,026,455
1987 $4,347,956,338 $584,126,092
1986 $3,959,382,833 $449,140,318
1985 $5,377,276,555 $360,079,419
1984 $6,169,483,225 $494,483,409
1983 $5,422,656,823 $555,336,146
1982 $5,594,126,369 $537,568,059
1981 $5,891,598,695 $570,774,825
1980 $4,537,479,608 $541,976,853
1979 $4,421,336,383 $412,093,134
1978 $3,758,220,890 $340,630,085
1977 $3,227,436,282 $304,060,076
1976 $2,731,984,008 $272,550,068
1975 $2,404,697,651 $288,299,789
1974 $2,100,249,875 $264,320,941
1973 $1,262,968,516 $221,915,128
1972 $1,257,615,645 $146,736,479
1971 $1,095,622,896 $136,462,081
1970 $1,017,003,367 $112,139,955
1969 $929,629,630 $105,419,958
1968 $857,912,458 $79,799,968
1967 $755,808,081 $74,759,970
1966 $669,191,919 $76,859,969
1965 $604,377,104 $70,279,972
1964 $544,023,569 $64,980,554
1963 $482,828,283 $54,129,438
1962 $448,400,673 $45,927,962
1961 $410,101,010 $43,026,043
1960 $377,020,202 $35,076,846

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Bolivia vs Eswatini by year

Bolivia
GDP per capita

GDP per capita, PPP
Eswatini
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bolivia Eswatini
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $4,421 $12,878 $3,910 $11,799
2023 $4,275 $12,892 $3,756 $11,300
2022 $4,219 $12,307 $3,894 $10,635
2021 $4,011 $11,202 $3,984 $9,990
2020 $3,581 $9,581 $3,467 $9,329
2019 $4,203 $11,005 $3,913 $9,248
2018 $4,207 $10,758 $3,973 $8,535
2017 $4,048 $10,420 $3,853 $8,584
2016 $3,036 $9,242 $3,238 $8,484
2015 $2,996 $8,757 $3,420 $8,391
2014 $3,041 $8,629 $3,771 $8,366
2013 $2,870 $8,069 $3,950 $8,231
2012 $2,576 $7,184 $4,225 $7,760
2011 $2,316 $6,598 $4,225 $7,571
2010 $1,930 $6,245 $3,923 $7,324
2009 $1,731 $6,024 $3,190 $7,011
2008 $1,693 $5,890 $2,947 $6,914
2007 $1,355 $5,537 $3,109 $6,732
2006 $1,203 $5,244 $2,965 $6,319
2005 $1,020 $4,938 $2,871 $5,773
2004 $953 $4,663 $2,526 $5,310
2003 $893 $4,433 $2,015 $5,020
2002 $888 $4,304 $1,316 $4,742
2001 $930 $4,205 $1,430 $4,521
2000 $976 $4,113 $1,630 $4,401
1999 $979 $3,991 $1,502 $4,272
1998 $1,022 $3,988 $1,547 $4,137
1997 $970 $3,822 $1,705 $4,038
1996 $922 $3,645 $1,619 $3,916
1995 $853 $3,494 $1,751 $3,777
1994 $774 $3,331 $1,461 $3,526
1993 $757 $3,177 $1,397 $3,371
1992 $760 $3,036 $1,362 $3,289
1991 $734 $2,981 $1,273 $3,236
1990 $683 $2,797 $1,278 $3,202
1989 $675 - $832 -
1988 $673 - $865 -
1987 $650 - $765 -
1986 $604 - $611 -
1985 $838 - $510 -
1984 $982 - $726 -
1983 $882 - $843 -
1982 $930 - $843 -
1981 $1,001 - $925 -
1980 $788 - $908 -
1979 $785 - $714 -
1978 $683 - $610 -
1977 $600 - $563 -
1976 $520 - $521 -
1975 $468 - $568 -
1974 $418 - $536 -
1973 $257.2 - $463 -
1972 $261.9 - $315 -
1971 $233.4 - $301 -
1970 $221.6 - $254.2 -
1969 $207.1 - $245.2 -
1968 $195.5 - $190.4 -
1967 $176.1 - $182.8 -
1966 $159.3 - $192.7 -
1965 $147.1 - $181 -
1964 $135.2 - $171.6 -
1963 $122.6 - $146.4 -
1962 $116.2 - $127.1 -
1961 $108.5 - $121.8 -
1960 $101.8 - $101.6 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Bolivia's GDP per capita is $4,421, ranking 125/197, compared to $3,910 in Eswatini, ranking 131/197. Adjusted for purchasing power (GDP per capita PPP), Bolivia ranks 122nd at $12,878, while Eswatini ranks 126th at $11,799.

Economic indicators

Bolivia Eswatini
Gross domestic product
$54.9B
2024
$4.86B
2024
GDP rank
88/197
2024
162/197
2024
GDP growth
-1.12%
2023-2024
2.97%
2023-2024
GDP per capita
$4,421
2024
$3,910
2024
GDP per capita rank
125/197
2024
131/197
2024
GDP per capita, PPP
$12,878
2024
$11,799
2024
GDP per capita PPP rank
122/197
2024
126/197
2024
Government debt
$53.8B
2024
$1.93B
2024
Debt-to-GDP ratio
98%
2024
39.8%
2024
Government debt per person
$4,331
2024
$1,554
2024
Government debt per person rank
88/185
2024
130/185
2024
Average annual personal income after taxes
$4,720
2026
$3,913
2026
Market capitalization of domestic companies n/a
$234M
2007
Number of billionaires n/a
1
2025
Income share by richest 10%
31.3%
2023
42.7%
2016
Income share by poorest 10%
1.8%
2023
1.4%
2016
Government expenditure, % of GDP
39.8%
2024
33.3%
2024
Consumer prices inflation
5.1%
2023-2024
2.6%
2018-2019
Central bank interest rate
3.26%
2025
6.75%
2025
Unemployment rate
2.73%
2024
34.6%
2023
Population
12798112
1273390

Spending and national debt comparison by year

Bolivia
Spending

Debt
Eswatini
Spending

Debt
1x
Year % of GDP
Bolivia Eswatini
Government spending Government debt Government spending Government debt
2024 39.8% 98% 33.3% 39.8%
2023 38.7% 90.8% 32% 40%
2022 36% 80.1% 29.6% 40.5%
2021 34.8% 81.4% 30.1% 38.4%
2020 36.8% 78% 32.7% 38.2%
2019 36.1% 58.6% 32.9% 30.7%
2018 37.7% 53.1% 32.2% 27%
2017 38.6% 51.3% 33.9% 21.9%
2016 40% 46.5% 34.7% 20.5%
2015 44.5% 40.9% 35.3% 16.4%
2014 41.2% 37.6% 33.3% 14.3%
2013 35.4% 36.1% 29.4% 15.5%
2012 36% 35.4% 27.8% 15.2%
2011 35.4% 35.3% 26% 15.1%
2010 31.5% 37.6% 31.6% 14.5%
2009 33.2% 39.2% 34.5% 10.8%
2008 35.3% 36.8% 34.4% 15%
2007 32.7% 40% 31.2% 16.6%
2006 29.8% 54.4% 28.2% 15%
2005 33.2% 82.2% 29.7% 13.9%
2004 32.3% 89.8% 32% 15.5%
2003 32% 95.6% 26.4% 18%
2002 33.3% 86.7% 27.2% 17.6%
2001 32% 83% 26.4% 22.4%
2000 29.3% 74.3% 25.3% 18.7%
1999 29.4% 61.7% 26.5% 17.2%
1998 30% 61.2% 22.5% 15.9%
1997 28.3% 64.6% 21.2% 13%
1996 26% 72.4% 23.3% 12%
1995 25.8% 81.7% 20.5% 12.9%
1994 26.8% 87.6% 24.7% 13.8%
1993 27.2% 83.8% 24% 15.6%
1992 25.3% 92.4% 26% 16.6%
1991 24.2% 92.8% 20.3% 20.1%
1990 22.8% 102.9% 18.7% 20.4%
1989 24.4% 98% 15.8% 26.8%
1988 24% 115.9% 15.6% 27.5%
1987 24.4% 145.3% 17% 36.1%
1986 22.2% 149% 19.8% 44%
1985 21.8% 205.2% 22.3% 45.5%
1984 29% 166.5% 22.2% 29.7%
1983 32.1% 157.3% 23.2% 28.7%
1982 25% 155.4% 24% 29.2%
1981 16.6% 121.7% 23.8% 24.3%
1980 19.8% 100% 19.6% 27.2%
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/eswatini | CC BY

In 2024, Bolivia's government spending was $21.9B, accounting for 39.8% of its GDP, while Eswatini spent $1.62B, or 33.3% of GDP.

Debt-to-GDP ratio is 98% in Bolivia and 39.8% in Eswatini, ranking 26/185 and 134/185, respectively.

Government deficit by year

Deficit/surplus
Bolivia

Eswatini
1x
Year Deficit/surplus, % of GDP
Bolivia Eswatini
2024 -10.6% -1.36%
2023 -10.9% -0.67%
2022 -7.12% -5.4%
2021 -9.33% -4.68%
2020 -12.7% -4.27%
2019 -7.25% -6.26%
2018 -8.17% -6.72%
2017 -7.86% -5.68%
2016 -7.24% -8.54%
2015 -6.93% -6.03%
2014 -3.41% -1.18%
2013 0.6% 0.59%
2012 1.72% 3.48%
2011 0.83% -4.02%
2010 1.62% -9.52%
2009 2.63% -3.06%
2008 3.53% 1.63%
2007 -1.54% 2.44%
2006 4.47% 8.88%
2005 -2.24% -1.7%
2004 -5.54% -4.1%
2003 -7.88% -2.15%
2002 -8.79% -3.78%
2001 -6.82% -2.31%
2000 -3.73% -1.22%
1999 -3.84% -1.27%
1998 -5.1% 1.07%
1997 -3.28% 2.11%
1996 -1.9% -1%
1995 -1.82% 0.9%
1994 -3% -3.61%
1993 -6.1% -3.29%
1992 -4.4% -2.9%
1991 -4.2% 3.4%
1990 -4.4% 5.61%
1989 -5.5% 5.82%
1988 -6.5% 3.23%
1987 -7.7% 2.03%
1986 -2.7% -2.41%
1985 -9.8% -1.33%
1984 -25.4% 1.25%
1983 -19.8% -0.6%
1982 -15.9% 0.11%
1981 -12.3% -4.29%
1980 -15.3% 6.55%
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/eswatini | 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 Eswatini's deficit of $66.2M, or 1.36% of GDP.

Over the past 45 years, Bolivia recorded a fiscal deficit in 38 of those years, while Eswatini ran a deficit in 29 years. On average, Bolivia posted an annual deficit equal to 6.04% of GDP, compared to deficit of 1.21% of GDP for Eswatini.

Inflation comparison by year

Inflation
Bolivia

Eswatini
1x
Year Consumer prices inflation
Bolivia Eswatini
2024 5.1% -
2023 2.58% -
2022 1.75% -
2021 0.74% -
2020 0.94% -
2019 1.84% 2.6%
2018 2.27% 4.82%
2017 2.82% 6.22%
2016 3.62% 7.85%
2015 4.06% 4.95%
2014 5.77% 5.68%
2013 5.74% 5.62%
2012 4.52% 8.94%
2011 9.88% 6.11%
2010 2.5% 4.51%
2009 3.35% 7.45%
2008 14% 12.7%
2007 8.71% 8.08%
2006 4.28% 5.3%
2005 5.39% 4.77%
2004 4.44% 3.45%
2003 3.34% 7.29%
2002 0.93% 12%
2001 1.59% 5.94%
2000 4.61% 12.2%
1999 2.16% 6.09%
1998 7.67% 8.11%
1997 4.71% 7.13%

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

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

Over the past 23 years, Bolivia has recorded an average annual inflation rate of 4.7%, compared with 6.86% in Eswatini. In 2019, inflation was 5.1% in Bolivia and 2.6% in Eswatini.

Balance of trade

Bolivia Eswatini
Current account balance
-$1.41B
2024
$78.3M
2024
Current account balance ranking
132/190
2024
69/190
2024
Current account balance, % of GDP
-2.56%
2024
+1.61%
2024
Goods imports
$9.15B
2024
$2.07B
2024
Goods exports
$8.93B
2024
$2.33B
2024
Service imports
$2.35B
2024
$542M
2024
Service exports
$1.14B
2024
$234M
2024
Imports of goods and services, % of GDP
25.5%
2024
53.7%
2024
Exports of goods and services, % of GDP
21.4%
2024
53.8%
2024

Economic freedom indices

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

Bolivia Eswatini
Economic freedom 42.4 57.5
Economic freedom ranking 184/197 116/197
Property rights 20.2 42.5
Government integrity 27.1 29.7
Judicial effectiveness 29.5 35.5
Tax burden 86.4 78.6
Government spending 56.3 71
Fiscal health 0.8 87.5
Business freedom 53.6 49.9
Labor freedom 52.2 55.2
Monetary freedom 67.1 76.8
Trade freedom 60.6 73.6
Investment freedom 15 50
Financial freedom 40 40

Economic freedom comparison by year

Bolivia
Eswatini
1x
Year Economic freedom index
Bolivia Eswatini
2026 42.4 57.5
2025 44.1 56.4
2024 43.5 55.6
2023 43.4 54.9
2022 43 51.4
2021 42.7 55.1
2020 42.8 55.3
2019 42.3 54.7
2018 44.1 55.9
2017 47.7 61.1
2016 47.4 59.7
2015 46.8 59.9
2014 48.4 61.2
2013 47.9 57.2
2012 50.2 57.2
2011 50 59.1
2010 49.4 57.4
2009 53.6 59.1
2008 53.1 58.4
2007 54.2 60.1
2006 57.8 61.4
2005 58.4 59.4
2004 64.5 58.6
2003 64.3 59.6
2002 65.1 60.9
2001 68 63.6
2000 65 62.6
1999 65.6 62.1
1998 68.8 62
1997 65.1 59.4
1996 65.2 58.6
1995 56.8 63.3

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

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

The Economic Freedom Index for Bolivia is 42.4, ranking 184/197, compared to 57.5 for Eswatini, ranking 116/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bolivia Eswatini
Services, % of GDP
53.4%
2024
51.4%
2024
Industry, % of GDP
31.3%
2024
34.7%
2024
Agriculture, forestry, and fishing, % of GDP
8.83%
2024
6.48%
2024
GNI, Atlas method
$51.7B
2024
$4.46B
2024
GNI per capita, PPP
$12,620
2024
$10,760
2024
Total reserves including gold
$1.98B
2024
$479M
2023
Total reserves ranking
127/177
2024
159/177
2023
Net foreign direct investment
-$113M
2024
-$11.8M
2024
Net inflows of foreign direct investment
$387M
2024
$75.5M
2024
Net outflows of foreign direct investment
$133M
2024
$63.8M
2024
Servicing debt to the IMF, % of GNI
3.41%
2024
4.68%
2024
Poverty at national poverty lines
36.5%
2023
58.9%
2016
Gross capital formation, % of GDP
17.9%
2024
15%
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/eswatini | 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. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. 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.