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Economy of Bolivia vs Georgia compared: GDP & Debt

Updated on by Georank team

Bolivia has a GDP of $54.9B compared to $34.2B for Georgia, ranking 88/197 and 107/197 by economy size, respectively.

Bolivia has $53.8B in government debt (98% of GDP), compared to $12.3B (36.1% of GDP) in Georgia.

Bolivia vs Georgia GDP by year

Bolivia
Georgia
1x
Year GDP, current $
Bolivia Georgia
2024 $54,881,327,453 $34,189,423,545
2023 $52,340,206,946 $30,777,833,601
2022 $50,959,081,954 $24,984,568,960
2021 $47,877,892,402 $18,853,115,589
2020 $42,313,784,081 $16,010,869,216
2019 $49,056,643,589 $17,638,337,117
2018 $48,414,038,842 $17,902,544,881
2017 $45,927,439,595 $16,473,125,375
2016 $33,941,126,194 $15,444,548,902
2015 $33,000,198,249 $15,223,796,149
2014 $32,996,188,017 $17,966,015,109
2013 $30,659,338,886 $17,517,660,144
2012 $27,084,497,482 $16,894,392,033
2011 $23,963,164,697 $15,475,290,469
2010 $19,649,723,722 $12,426,907,967
2009 $17,339,992,194 $10,766,920,066
2008 $16,674,276,286 $12,795,145,131
2007 $13,120,108,008 $10,172,931,089
2006 $11,451,844,902 $7,745,250,734
2005 $9,549,122,905 $6,410,912,050
2004 $8,773,451,752 $5,125,365,192
2003 $8,082,399,640 $3,991,377,904
2002 $7,905,485,146 $3,395,766,678
2001 $8,141,516,928 $3,219,462,262
2000 $8,397,855,485 $3,057,475,335
1999 $8,285,064,435 $2,800,025,883
1998 $8,497,494,652 $3,613,497,317
1997 $7,925,736,821 $3,510,520,231
1996 $7,396,949,126 $3,094,936,177
1995 $6,715,161,732 $2,693,732,612
1994 $5,981,222,859 $2,513,867,645
1993 $5,734,699,489 $2,701,181,331
1992 $5,643,868,749 $3,690,328,964
1991 $5,343,262,457 $6,324,503,311
1990 $4,867,582,598 $7,735,927,264
1989 $4,715,973,437 $8,902,632,715
1988 $4,597,612,362 $8,833,588,173
1987 $4,347,956,338 $7,321,981,334
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/georgia | CC BY

GDP per capita in Bolivia vs Georgia by year

Bolivia
GDP per capita

GDP per capita, PPP
Georgia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bolivia Georgia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $4,421 $12,878 $9,241 $28,285
2023 $4,275 $12,892 $8,284 $25,072
2022 $4,219 $12,307 $6,730 $22,461
2021 $4,011 $11,202 $5,084 $18,916
2020 $3,581 $9,581 $4,301 $16,791
2019 $4,203 $11,005 $4,741 $16,770
2018 $4,207 $10,758 $4,804 $15,022
2017 $4,048 $10,420 $4,419 $13,719
2016 $3,036 $9,242 $4,143 $13,065
2015 $2,996 $8,757 $4,087 $12,270
2014 $3,041 $8,629 $4,830 $11,771
2013 $2,870 $8,069 $4,712 $10,797
2012 $2,576 $7,184 $4,531 $10,060
2011 $2,316 $6,598 $4,120 $8,564
2010 $1,930 $6,245 $3,282 $7,712
2009 $1,731 $6,024 $2,823 $7,119
2008 $1,693 $5,890 $3,325 $7,279
2007 $1,355 $5,537 $2,635 $6,951
2006 $1,203 $5,244 $1,996 $5,980
2005 $1,020 $4,938 $1,643 $5,272
2004 $953 $4,663 $1,305 $4,635
2003 $893 $4,433 $1,010 $4,240
2002 $888 $4,304 $854 $3,719
2001 $930 $4,205 $802 $3,441
2000 $976 $4,113 $750 $3,161
1999 $979 $3,991 $674 $2,977
1998 $1,022 $3,988 $852 $2,795
1997 $970 $3,822 $807 $2,616
1996 $922 $3,645 $689 $2,253
1995 $853 $3,494 $578 $1,919
1994 $774 $3,331 $520 $1,764
1993 $757 $3,177 $550 $1,898
1992 $760 $3,036 $757 $2,643
1991 $734 $2,981 $1,308 $4,727
1990 $683 $2,797 $1,611 $5,836
1989 $675 - $1,853 -
1988 $673 - $1,844 -
1987 $650 - $1,544 -
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/georgia | CC BY

Bolivia's GDP per capita is $4,421, ranking 125/197, compared to $9,241 in Georgia, ranking 89/197. Adjusted for purchasing power (GDP per capita PPP), Bolivia ranks 122nd at $12,878, while Georgia ranks 74th at $28,285.

Economic indicators

Bolivia Georgia
Gross domestic product
$54.9B
2024
$34.2B
2024
GDP rank
88/197
2024
107/197
2024
GDP growth
-1.12%
2023-2024
9.68%
2023-2024
GDP per capita
$4,421
2024
$9,241
2024
GDP per capita rank
125/197
2024
89/197
2024
GDP per capita, PPP
$12,878
2024
$28,285
2024
GDP per capita PPP rank
122/197
2024
74/197
2024
Government debt
$53.8B
2024
$12.3B
2024
Debt-to-GDP ratio
98%
2024
36.1%
2024
Government debt per person
$4,331
2024
$3,336
2024
Government debt per person rank
88/185
2024
96/185
2024
Average annual personal income after taxes
$4,720
2026
$6,891
2026
Number of billionaires n/a
2
2025
Income share by richest 10%
31.3%
2023
26.2%
2024
Income share by poorest 10%
1.8%
2023
2.9%
2024
Government expenditure, % of GDP
39.8%
2024
30.3%
2024
Consumer prices inflation
5.1%
2023-2024
1.11%
2023-2024
Central bank interest rate
3.26%
2025
8%
2024
Unemployment rate
2.73%
2024
8.01%
2024
Population
12798112
3697615

Spending and national debt comparison by year

Bolivia
Spending

Debt
Georgia
Spending

Debt
1x
Year % of GDP
Bolivia Georgia
Government spending Government debt Government spending Government debt
2024 39.8% 98% 30.3% 36.1%
2023 38.7% 90.8% 29.7% 38.9%
2022 36% 80.1% 28.5% 39.2%
2021 34.8% 81.4% 31.2% 49.1%
2020 36.8% 78% 34.1% 59.6%
2019 36.1% 58.6% 28.7% 40%
2018 37.7% 53.1% 26.7% 38.2%
2017 38.6% 51.3% 27.2% 38.9%
2016 40% 46.5% 27.8% 39.5%
2015 44.5% 40.9% 27% 36%
2014 41.2% 37.6% 27.5% 30.3%
2013 35.4% 36.1% 26.6% 28.9%
2012 36% 35.4% 27.7% 28.1%
2011 35.4% 35.3% 27.1% 27.7%
2010 31.5% 37.6% 31% 31.4%
2009 33.2% 39.2% 34.8% 33.6%
2008 35.3% 36.8% 31.8% 26.3%
2007 32.7% 40% 27.7% 22.5%
2006 29.8% 54.4% 22.7% 28.3%
2005 33.2% 82.2% 21.6% 35.3%
2004 32.3% 89.8% 18.9% 44.3%
2003 32% 95.6% 16.1% 54.6%
2002 33.3% 86.7% 16% 50.3%
2001 32% 83% 16.8% 53%
2000 29.3% 74.3% 16.9% 58.5%
1999 29.4% 61.7% 19.8% 76.5%
1998 30% 61.2% 18.9% 80%
1997 28.3% 64.6% 21.9% 48.2%
1996 26% 72.4% 18.4% 38.9%
1995 25.8% 81.7% 15.6% 19.8%
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/georgia | CC BY

In 2024, Bolivia's government spending was $21.9B, accounting for 39.8% of its GDP, while Georgia spent $10.3B, or 30.3% of GDP.

Debt-to-GDP ratio is 98% in Bolivia and 36.1% in Georgia, ranking 26/185 and 144/185, respectively.

Government deficit by year

Deficit/surplus
Bolivia

Georgia
1x
Year Deficit/surplus, % of GDP
Bolivia Georgia
2024 -10.6% -2.3%
2023 -10.9% -2.33%
2022 -7.12% -2.2%
2021 -9.33% -5.97%
2020 -12.7% -9.16%
2019 -7.25% -1.82%
2018 -8.17% -0.8%
2017 -7.86% -0.45%
2016 -7.24% -1.49%
2015 -6.93% -1.16%
2014 -3.41% -1.78%
2013 0.6% -1.25%
2012 1.72% -0.71%
2011 0.83% -0.81%
2010 1.62% -4.48%
2009 2.63% -6.36%
2008 3.53% -1.92%
2007 -1.54% 0.81%
2006 4.47% 3.28%
2005 -2.24% 2.14%
2004 -5.54% 3.59%
2003 -7.88% -0.55%
2002 -8.79% -0.19%
2001 -6.82% -0.71%
2000 -3.73% -1.92%
1999 -3.84% -4.72%
1998 -5.1% -4%
1997 -3.28% -6.79%
1996 -1.9% -5.91%
1995 -1.82% -4.89%
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/georgia | 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 Georgia's deficit of $785M, or 2.3% of GDP.

Over the past 30 years, Bolivia recorded a fiscal deficit in 23 of those years, while Georgia ran a deficit in 26 years. On average, Bolivia posted an annual deficit equal to 4.29% of GDP, compared to deficit of 2.16% of GDP for Georgia.

Inflation comparison by year

Inflation
Bolivia

Georgia
1x
Year Consumer prices inflation
Bolivia Georgia
2024 5.1% 1.11%
2023 2.58% 2.49%
2022 1.75% 11.9%
2021 0.74% 9.57%
2020 0.94% 5.2%
2019 1.84% 4.85%
2018 2.27% 2.62%
2017 2.82% 6.04%
2016 3.62% 2.13%
2015 4.06% 4%
2014 5.77% 3.07%
2013 5.74% -0.51%
2012 4.52% -0.94%
2011 9.88% 8.54%
2010 2.5% 7.11%
2009 3.35% 1.73%
2008 14% 10%
2007 8.71% 9.24%
2006 4.28% 9.16%
2005 5.39% 8.25%
2004 4.44% 5.66%
2003 3.34% 0.84%
2002 0.93% 5.59%
2001 1.59% 4.65%
2000 4.61% 4.06%
1999 2.16% 19.2%
1998 7.67% 3.57%
1997 4.71% 7.09%

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

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

Over the past 28 years, Bolivia has recorded an average annual inflation rate of 4.26%, compared with 5.58% in Georgia. In 2024, inflation was 5.1% in Bolivia and 1.11% in Georgia.

Top exports between countries

Bolivia
Export category Export value
Machinery & equipment $2.6M
Raw agricultural goods $1.19M
Wood & paper products $8K
Textiles & consumer goods $2K
Metals $1K
Georgia
Export category Export value

Balance of trade

Bolivia Georgia
Current account balance
-$1.41B
2024
-$1.79B
2024
Current account balance ranking
132/190
2024
139/190
2024
Current account balance, % of GDP
-2.56%
2024
-5.22%
2024
Goods imports
$9.15B
2024
$15.2B
2024
Goods exports
$8.93B
2024
$8.63B
2024
Service imports
$2.35B
2024
$3.81B
2024
Service exports
$1.14B
2024
$7.71B
2024
Imports of goods and services, % of GDP
25.5%
2024
55.6%
2024
Exports of goods and services, % of GDP
21.4%
2024
47.8%
2024

Economic freedom indices

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

Bolivia Georgia
Economic freedom 42.4 69.6
Economic freedom ranking 184/197 41/197
Property rights 20.2 53
Government integrity 27.1 59.9
Judicial effectiveness 29.5 53.8
Tax burden 86.4 87.8
Government spending 56.3 73.9
Fiscal health 0.8 89.1
Business freedom 53.6 76.6
Labor freedom 52.2 64
Monetary freedom 67.1 70.2
Trade freedom 60.6 86.8
Investment freedom 15 60
Financial freedom 40 60

Economic freedom comparison by year

Bolivia
Georgia
1x
Year Economic freedom index
Bolivia Georgia
2026 42.4 69.6
2025 44.1 69
2024 43.5 68.4
2023 43.4 68.7
2022 43 71.8
2021 42.7 77.2
2020 42.8 77.1
2019 42.3 75.9
2018 44.1 76.2
2017 47.7 76
2016 47.4 72.6
2015 46.8 73
2014 48.4 72.6
2013 47.9 72.2
2012 50.2 69.4
2011 50 70.4
2010 49.4 70.4
2009 53.6 69.8
2008 53.1 69.2
2007 54.2 69.3
2006 57.8 64.5
2005 58.4 57.1
2004 64.5 58.9
2003 64.3 58.6
2002 65.1 56.7
2001 68 58.3
2000 65 54.3
1999 65.6 52.5
1998 68.8 47.9
1997 65.1 46.5
1996 65.2 44.1
1995 56.8 -

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

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

The Economic Freedom Index for Bolivia is 42.4, ranking 184/197, compared to 69.6 for Georgia, ranking 41/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bolivia Georgia
Services, % of GDP
53.4%
2024
62%
2024
Industry, % of GDP
31.3%
2024
19.6%
2024
Agriculture, forestry, and fishing, % of GDP
8.83%
2024
5.49%
2024
GNI, Atlas method
$51.7B
2024
$30B
2024
GNI per capita, PPP
$12,620
2024
$26,200
2024
Total reserves including gold
$1.98B
2024
$4.45B
2024
Total reserves ranking
127/177
2024
104/177
2024
Net foreign direct investment
-$113M
2024
-$1.14B
2024
Net inflows of foreign direct investment
$387M
2024
$1.6B
2024
Net outflows of foreign direct investment
$133M
2024
$462M
2024
Servicing debt to the IMF, % of GNI
3.41%
2024
15.2%
2024
Poverty at national poverty lines
36.5%
2023
9.4%
2024
Gross capital formation, % of GDP
17.9%
2024
24.5%
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/georgia | 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. TradeMap (2021–2023, 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.