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Economy of Bolivia vs Gambia compared: GDP & Debt

Updated on by Georank team

Bolivia has a GDP of $54.9B compared to $2.4B for the Gambia, ranking 88/197 and 174/197 by economy size, respectively.

Bolivia has $53.8B in government debt (98% of GDP), compared to $1.92B (80% of GDP) in the Gambia.

Bolivia vs Gambia GDP by year

Bolivia
Gambia
1x
Year GDP, current $
Bolivia Gambia
2024 $54,881,327,453 $2,404,888,749
2023 $52,340,206,946 $2,382,262,185
2022 $50,959,081,954 $2,204,734,528
2021 $47,877,892,402 $2,014,158,842
2020 $42,313,784,081 $1,812,170,891
2019 $49,056,643,589 $1,813,609,692
2018 $48,414,038,842 $1,670,671,328
2017 $45,927,439,595 $1,504,909,463
2016 $33,941,126,194 $1,484,578,886
2015 $33,000,198,249 $1,378,176,609
2014 $32,996,188,017 $1,229,461,721
2013 $30,659,338,886 $1,375,609,453
2012 $27,084,497,482 $1,415,004,738
2011 $23,963,164,697 $1,409,693,597
2010 $19,649,723,722 $1,543,294,927
2009 $17,339,992,194 $1,450,142,509
2008 $16,674,276,286 $1,561,766,956
2007 $13,120,108,008 $1,279,703,047
2006 $11,451,844,902 $1,054,112,488
2005 $9,549,122,905 $1,027,701,068
2004 $8,773,451,752 $961,900,651
2003 $8,082,399,640 $487,038,685
2002 $7,905,485,146 $578,235,309
2001 $8,141,516,928 $687,410,645
2000 $8,397,855,485 $782,913,872
1999 $8,285,064,435 $814,724,032
1998 $8,497,494,652 $840,285,265
1997 $7,925,736,821 $803,633,342
1996 $7,396,949,126 $848,239,446
1995 $6,715,161,732 $785,999,865
1994 $5,981,222,859 $746,493,952
1993 $5,734,699,489 $755,040,974
1992 $5,643,868,749 $714,254,256
1991 $5,343,262,457 $690,311,081
1990 $4,867,582,598 $317,083,695
1989 $4,715,973,437 $284,120,329
1988 $4,597,612,362 $266,672,212
1987 $4,347,956,338 $220,626,484
1986 $3,959,382,833 $185,646,987
1985 $5,377,276,555 $225,726,359
1984 $6,169,483,225 $177,340,880
1983 $5,422,656,823 $213,448,585
1982 $5,594,126,369 $216,050,552
1981 $5,891,598,695 $218,767,743
1980 $4,537,479,608 $241,083,090
1979 $4,421,336,383 $207,112,628
1978 $3,758,220,890 $171,833,086
1977 $3,227,436,282 $138,093,099
1976 $2,731,984,008 $112,190,829
1975 $2,404,697,651 $115,179,719
1974 $2,100,249,875 $95,796,022
1973 $1,262,968,516 $75,187,749
1972 $1,257,615,645 $59,160,569
1971 $1,095,622,896 $55,728,663
1970 $1,017,003,367 $52,296,084
1969 $929,629,630 $45,168,072
1968 $857,912,458 $41,160,066
1967 $755,808,081 $46,695,007
1966 $669,191,919 $44,212,081
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/gambia | CC BY

GDP per capita in Bolivia vs Gambia by year

Bolivia
GDP per capita

GDP per capita, PPP
Gambia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bolivia Gambia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $4,421 $12,878 $871 $3,476
2023 $4,275 $12,892 $883 $3,289
2022 $4,219 $12,307 $836 $3,067
2021 $4,011 $11,202 $782 $2,778
2020 $3,581 $9,581 $720 $2,531
2019 $4,203 $11,005 $738 $2,422
2018 $4,207 $10,758 $696 $2,277
2017 $4,048 $10,420 $643 $2,039
2016 $3,036 $9,242 $650 $2,013
2015 $2,996 $8,757 $620 $1,990
2014 $3,041 $8,629 $568 $1,934
2013 $2,870 $8,069 $654 $2,007
2012 $2,576 $7,184 $693 $2,065
2011 $2,316 $6,598 $711 $2,064
2010 $1,930 $6,245 $801 $2,267
2009 $1,731 $6,024 $775 $2,177
2008 $1,693 $5,890 $859 $2,088
2007 $1,355 $5,537 $725 $1,985
2006 $1,203 $5,244 $615 $1,931
2005 $1,020 $4,938 $616 $1,938
2004 $953 $4,663 $593 $1,979
2003 $893 $4,433 $309 $1,850
2002 $888 $4,304 $377 $1,744
2001 $930 $4,205 $460 $1,823
2000 $976 $4,113 $538 $1,731
1999 $979 $3,991 $575 $1,649
1998 $1,022 $3,988 $610 $1,572
1997 $970 $3,822 $600 $1,544
1996 $922 $3,645 $652 $1,489
1995 $853 $3,494 $622 $1,472
1994 $774 $3,331 $608 $1,473
1993 $757 $3,177 $635 $1,487
1992 $760 $3,036 $623 $1,462
1991 $734 $2,981 $628 $1,440
1990 $683 $2,797 $301 $1,409
1989 $675 - $280.9 -
1988 $673 - $274.9 -
1987 $650 - $237 -
1986 $604 - $207.7 -
1985 $838 - $262.8 -
1984 $982 - $214.8 -
1983 $882 - $268.6 -
1982 $930 - $282.1 -
1981 $1,001 - $296 -
1980 $788 - $338 -
1979 $785 - $300 -
1978 $683 - $257.6 -
1977 $600 - $213.8 -
1976 $520 - $179.3 -
1975 $468 - $189.8 -
1974 $418 - $162.6 -
1973 $257.2 - $131.4 -
1972 $261.9 - $106.5 -
1971 $233.4 - $103.3 -
1970 $221.6 - $99.8 -
1969 $207.1 - $88.7 -
1968 $195.5 - $83.1 -
1967 $176.1 - $97 -
1966 $159.3 - $94.4 -
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/gambia | CC BY

Bolivia's GDP per capita is $4,421, ranking 125/197, compared to $871 in the Gambia, ranking 183/197. Adjusted for purchasing power (GDP per capita PPP), Bolivia ranks 122nd at $12,878, while the Gambia ranks 172nd at $3,476.

Economic indicators

Bolivia Gambia
Gross domestic product
$54.9B
2024
$2.4B
2024
GDP rank
88/197
2024
174/197
2024
GDP growth
-1.12%
2023-2024
5.55%
2023-2024
GDP per capita
$4,421
2024
$871
2024
GDP per capita rank
125/197
2024
183/197
2024
GDP per capita, PPP
$12,878
2024
$3,476
2024
GDP per capita PPP rank
122/197
2024
172/197
2024
Government debt
$53.8B
2024
$1.92B
2024
Debt-to-GDP ratio
98%
2024
80%
2024
Government debt per person
$4,331
2024
$697
2024
Government debt per person rank
88/185
2024
155/185
2024
Average annual personal income after taxes
$4,720
2026
$741
2026
Income share by richest 10%
31.3%
2023
30.5%
2020
Income share by poorest 10%
1.8%
2023
2.6%
2020
Government expenditure, % of GDP
39.8%
2024
25.8%
2024
Consumer prices inflation
5.1%
2023-2024
11.6%
2023-2024
Central bank interest rate
3.26%
2025
17%
2023
Unemployment rate
2.73%
2024
6.48%
2023
Population
12798112
2902554

Spending and national debt comparison by year

Bolivia
Spending

Debt
Gambia
Spending

Debt
1x
Year % of GDP
Bolivia Gambia
Government spending Government debt Government spending Government debt
2024 39.8% 98% 25.8% 80%
2023 38.7% 90.8% 24.9% 80.2%
2022 36% 80.1% 24.6% 83.9%
2021 34.8% 81.4% 21.5% 83.1%
2020 36.8% 78% 25.3% 85.9%
2019 36.1% 58.6% 23.9% 83%
2018 37.7% 53.1% 19% 83.6%
2017 38.6% 51.3% 23.6% 87%
2016 40% 46.5% 19.4% 80.7%
2015 44.5% 40.9% 19.6% 69.4%
2014 41.2% 37.6% 19% 71.1%
2013 35.4% 36.1% 17.2% 58.2%
2012 36% 35.4% 19.1% 49.5%
2011 35.4% 35.3% 16.5% 49.2%
2010 31.5% 37.6% 14.6% 42.9%
2009 33.2% 39.2% 14.4% 38.9%
2008 35.3% 36.8% 11.6% 39.5%
2007 32.7% 40% 11.2% 38%
2006 29.8% 54.4% 14% 87.3%
2005 33.2% 82.2% 12.9% 82.6%
2004 32.3% 89.8% 12.4% 81.3%
2003 32% 95.6% 9.3% 91.7%
2002 33.3% 86.7% 8.59% 93.9%
2001 32% 83% 9.68% 75.2%
2000 29.3% 74.3% 9.54% 73.3%
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/gambia | CC BY

In 2024, Bolivia's government spending was $21.9B, accounting for 39.8% of its GDP, while the Gambia spent $621M, or 25.8% of GDP.

Debt-to-GDP ratio is 98% in Bolivia and 80% in the Gambia, ranking 26/185 and 45/185, respectively.

Government deficit by year

Deficit/surplus
Bolivia

Gambia
1x
Year Deficit/surplus, % of GDP
Bolivia Gambia
2024 -10.6% -4.08%
2023 -10.9% -3.69%
2022 -7.12% -5.72%
2021 -9.33% -4.77%
2020 -12.7% -2.37%
2019 -7.25% -2.75%
2018 -8.17% -3.92%
2017 -7.86% -4.35%
2016 -7.24% -6.22%
2015 -6.93% -5.38%
2014 -3.41% -3.94%
2013 0.6% -5.11%
2012 1.72% -2.85%
2011 0.83% -3.03%
2010 1.62% -2.93%
2009 2.63% -1.65%
2008 3.53% -0.45%
2007 -1.54% 0.27%
2006 4.47% -3.19%
2005 -2.24% -3.33%
2004 -5.54% -1.77%
2003 -7.88% -1.73%
2002 -8.79% 0.06%
2001 -6.82% -2.52%
2000 -3.73% -0.09%
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/gambia | 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 the Gambia's deficit of $98.2M, or 4.08% of GDP.

Over the past 25 years, Bolivia recorded a fiscal deficit in 18 of those years, while the Gambia ran a deficit in 23 years. On average, Bolivia posted an annual deficit equal to 4.51% of GDP, compared to deficit of 3.02% of GDP for the Gambia.

Inflation comparison by year

Inflation
Bolivia

Gambia
1x
Year Consumer prices inflation
Bolivia Gambia
2024 5.1% 11.6%
2023 2.58% 17%
2022 1.75% 11.5%
2021 0.74% 7.37%
2020 0.94% 5.93%
2019 1.84% 7.12%
2018 2.27% 6.52%
2017 2.82% 8.03%
2016 3.62% 7.23%
2015 4.06% 6.81%
2014 5.77% 5.95%
2013 5.74% 5.7%
2012 4.52% 4.25%
2011 9.88% 4.8%
2010 2.5% 5.05%
2009 3.35% 4.56%
2008 14% 4.44%
2007 8.71% 5.37%
2006 4.28% 2.06%
2005 5.39% 4.84%
2004 4.44% 14.2%
2003 3.34% 17%
2002 0.93% 8.61%
2001 1.59% 4.49%
2000 4.61% 0.84%
1999 2.16% 3.81%
1998 7.67% 1.11%
1997 4.71% 2.78%

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

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

Over the past 28 years, Bolivia has recorded an average annual inflation rate of 4.26%, compared with 6.75% in the Gambia. In 2024, inflation was 5.1% in Bolivia and 11.6% in the Gambia.

Top exports between countries

Bolivia
Export category Export value
Raw agricultural goods $70K
Gambia
Export category Export value

Balance of trade

Bolivia Gambia
Current account balance
-$1.41B
2024
-$99.8M
2024
Current account balance ranking
132/190
2024
88/190
2024
Current account balance, % of GDP
-2.56%
2024
-4.15%
2024
Goods imports
$9.15B
2024
$1.39B
2024
Goods exports
$8.93B
2024
$363M
2024
Service imports
$2.35B
2024
$161M
2024
Service exports
$1.14B
2024
$485M
2024
Imports of goods and services, % of GDP
25.5%
2024
33.4%
2024
Exports of goods and services, % of GDP
21.4%
2024
8.75%
2024

Economic freedom indices

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

Bolivia Gambia
Economic freedom 42.4 56.3
Economic freedom ranking 184/197 123/197
Property rights 20.2 55.4
Government integrity 27.1 40.5
Judicial effectiveness 29.5 45.8
Tax burden 86.4 79.2
Government spending 56.3 81.1
Fiscal health 0.8 54.8
Business freedom 53.6 50.1
Labor freedom 52.2 46.4
Monetary freedom 67.1 57.3
Trade freedom 60.6 64.8
Investment freedom 15 50
Financial freedom 40 50

Economic freedom comparison by year

Bolivia
Gambia
1x
Year Economic freedom index
Bolivia Gambia
2026 42.4 56.3
2025 44.1 56.8
2024 43.5 58.2
2023 43.4 57.9
2022 43 58
2021 42.7 58.8
2020 42.8 56.3
2019 42.3 52.4
2018 44.1 52.3
2017 47.7 53.4
2016 47.4 57.1
2015 46.8 57.5
2014 48.4 59.5
2013 47.9 58.8
2012 50.2 58.8
2011 50 57.4
2010 49.4 55.1
2009 53.6 55.8
2008 53.1 56.9
2007 54.2 57.7
2006 57.8 57.3
2005 58.4 56.5
2004 64.5 55.3
2003 64.3 56.3
2002 65.1 57.7
2001 68 56.6
2000 65 52.7
1999 65.6 52.1
1998 68.8 53.4
1997 65.1 52.9
1996 65.2 -
1995 56.8 -

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

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

The Economic Freedom Index for Bolivia is 42.4, ranking 184/197, compared to 56.3 for the Gambia, ranking 123/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bolivia Gambia
Services, % of GDP
53.4%
2024
56.8%
2024
Industry, % of GDP
31.3%
2024
15.3%
2024
Agriculture, forestry, and fishing, % of GDP
8.83%
2024
20.4%
2024
GNI, Atlas method
$51.7B
2024
$2.43B
2024
GNI per capita, PPP
$12,620
2024
$3,430
2024
Total reserves including gold
$1.98B
2024
$629M
2024
Total reserves ranking
127/177
2024
151/177
2024
Net foreign direct investment
-$113M
2024
-$232M
2024
Net inflows of foreign direct investment
$387M
2024
$232M
2024
Net outflows of foreign direct investment
$133M
2024
-$665K
2024
Servicing debt to the IMF, % of GNI
3.41%
2024
3.25%
2024
Poverty at national poverty lines
36.5%
2023
53.4%
2020
Gross capital formation, % of GDP
17.9%
2024
29.9%
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/gambia | 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. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. TradeMap (2024, retrieved 2026-02-08)

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.