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Economy of Bolivia vs Ghana compared: GDP & Debt

Updated on by Georank

Bolivia has a GDP of $64.8B compared to $114B for Ghana, ranking 88/197 and 69/197 by economy size, respectively.

Bolivia has $54.9B in government debt (84.8% of GDP), compared to $55.8B (48.8% of GDP) in Ghana.

Bolivia vs Ghana GDP by year

Bolivia
Ghana
1x
Year GDP, current $
Bolivia Ghana
2025 $64,768,947,525 $114,209,905,279
2024 $54,881,327,453 $83,288,585,604
2023 $52,340,206,946 $80,547,146,876
2022 $50,959,081,954 $73,919,003,212
2021 $47,877,892,402 $79,514,204,730
2020 $42,313,784,081 $70,008,243,860
2019 $49,056,643,589 $68,352,629,246
2018 $48,414,038,842 $67,259,353,966
2017 $45,927,439,595 $60,385,409,435
2016 $33,941,126,194 $56,144,179,398
2015 $33,000,198,249 $49,436,806,230
2014 $32,996,188,017 $54,678,533,806
2013 $30,659,338,886 $62,845,721,960
2012 $27,084,497,482 $41,271,701,061
2011 $23,963,164,697 $39,336,668,081
2010 $19,649,723,722 $32,197,655,567
2009 $17,339,992,194 $26,048,720,006
2008 $16,674,276,286 $28,679,383,241
2007 $13,120,108,008 $24,827,339,138
2006 $11,451,844,902 $20,885,037,597
2005 $9,549,122,905 $10,744,568,381
2004 $8,773,451,752 $8,881,417,907
2003 $8,082,399,640 $7,632,723,556
2002 $7,905,485,146 $6,166,197,848
2001 $8,141,516,928 $5,314,872,854
2000 $8,397,855,485 $4,982,850,662
1999 $8,285,064,435 $7,718,109,982
1998 $8,497,494,652 $7,482,069,162
1997 $7,925,736,821 $6,891,443,192
1996 $7,396,949,126 $6,932,991,739
1995 $6,715,161,732 $6,464,382,808
1994 $5,981,222,859 $5,446,383,727
1993 $5,734,699,489 $5,968,922,939
1992 $5,643,868,749 $6,416,103,926
1991 $5,343,262,457 $6,603,185,268
1990 $4,867,582,598 $5,889,106,573
1989 $4,715,973,437 $5,251,858,440
1988 $4,597,612,362 $5,197,765,032
1987 $4,347,956,338 $5,074,829,932
1986 $3,959,382,833 $5,735,677,434
1985 $5,377,276,555 $4,504,306,723
1984 $6,169,483,225 $4,412,279,843
1983 $5,422,656,823 $4,057,275,132
1982 $5,594,126,369 $4,035,994,398
1981 $5,891,598,695 $4,222,441,860
1980 $4,537,479,608 $4,445,228,216
1979 $4,421,336,383 $4,020,227,920
1978 $3,758,220,890 $3,662,478,185
1977 $3,227,436,282 $3,189,428,571
1976 $2,731,984,008 $2,765,254,237
1975 $2,404,697,651 $2,810,106,383
1974 $2,100,249,875 $2,894,409,938
1973 $1,262,968,516 $3,006,766,758
1972 $1,257,615,645 $2,112,293,280
1971 $1,095,622,896 $2,417,108,578
1970 $1,017,003,367 $2,215,028,588
1969 $929,629,630 $1,962,050,556
1968 $857,912,458 $1,666,909,518
1967 $755,808,081 $1,747,187,645
1966 $669,191,919 $2,126,300,672
1965 $604,377,104 $2,053,462,968
1964 $544,023,569 $1,731,296,200
1963 $482,828,283 $1,540,797,589
1962 $448,400,673 $1,382,515,654
1961 $410,101,010 $1,302,674,325
1960 $377,020,202 $1,217,230,095

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Bolivia vs Ghana by year

Bolivia
GDP per capita

GDP per capita, PPP
Ghana
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bolivia Ghana
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $5,148 - $3,257 -
2024 $4,421 $12,878 $2,419 $8,020
2023 $4,275 $12,892 $2,384 $7,556
2022 $4,219 $12,307 $2,230 $7,208
2021 $4,011 $11,202 $2,445 $6,608
2020 $3,581 $9,581 $2,195 $6,047
2019 $4,203 $11,005 $2,187 $6,003
2018 $4,207 $10,758 $2,195 $5,536
2017 $4,048 $10,420 $2,012 $5,171
2016 $3,036 $9,242 $1,912 $5,011
2015 $2,996 $8,757 $1,723 $5,191
2014 $3,041 $8,629 $1,950 $5,517
2013 $2,870 $8,069 $2,295 $5,215
2012 $2,576 $7,184 $1,544 $4,934
2011 $2,316 $6,598 $1,507 $4,381
2010 $1,930 $6,245 $1,264 $3,855
2009 $1,731 $6,024 $1,048 $3,617
2008 $1,693 $5,890 $1,183 $3,516
2007 $1,355 $5,537 $1,050 $3,241
2006 $1,203 $5,244 $906 $3,103
2005 $1,020 $4,938 $479 $2,904
2004 $953 $4,663 $406 $2,729
2003 $893 $4,433 $358 $2,584
2002 $888 $4,304 $297.5 $2,475
2001 $930 $4,205 $263.5 $2,397
2000 $976 $4,113 $253.7 $2,315
1999 $979 $3,991 $403 $2,239
1998 $1,022 $3,988 $400 $2,167
1997 $970 $3,822 $378 $2,097
1996 $922 $3,645 $389 $2,026
1995 $853 $3,494 $372 $1,947
1994 $774 $3,331 $321 $1,875
1993 $757 $3,177 $360 $1,821
1992 $760 $3,036 $396 $1,739
1991 $734 $2,981 $418 $1,678
1990 $683 $2,797 $383 $1,581
1989 $675 - $350 -
1988 $673 - $355 -
1987 $650 - $355 -
1986 $604 - $411 -
1985 $838 - $330 -
1984 $982 - $330 -
1983 $882 - $311 -
1982 $930 - $319 -
1981 $1,001 - $344 -
1980 $788 - $372 -
1979 $785 - $347 -
1978 $683 - $326 -
1977 $600 - $292.3 -
1976 $520 - $261 -
1975 $468 - $273 -
1974 $418 - $289.4 -
1973 $257.2 - $310 -
1972 $261.9 - $223.8 -
1971 $233.4 - $263.4 -
1970 $221.6 - $248.2 -
1969 $207.1 - $225.8 -
1968 $195.5 - $196.7 -
1967 $176.1 - $211.2 -
1966 $159.3 - $263.3 -
1965 $147.1 - $260.5 -
1964 $135.2 - $225 -
1963 $122.6 - $205 -
1962 $116.2 - $188.4 -
1961 $108.5 - $181.9 -
1960 $101.8 - $174.9 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Bolivia's GDP per capita is $5,148, ranking 121/197, compared to $3,257 in Ghana, ranking 139/197. Adjusted for purchasing power (GDP per capita PPP), Bolivia ranks 122nd at $12,878, while Ghana ranks 140th at $8,020.

Economic indicators

Bolivia Ghana
Gross domestic product
$64.8B
2025
$114B
2025
GDP rank
88/197
2025
69/197
2025
GDP growth
-1.58%
2024-2025
5.95%
2024-2025
GDP per capita
$5,148
2025
$3,257
2025
GDP per capita rank
121/197
2025
139/197
2025
GDP per capita, PPP
$12,878
2024
$8,020
2024
GDP per capita PPP rank
122/197
2024
140/197
2024
Government debt
$54.9B
2025
$55.8B
2025
Debt-to-GDP ratio
84.8%
2025
48.8%
2025
Government debt per person
$4,364
2025
$1,590
2025
Government debt per person rank
93/185
2025
128/185
2025
Average annual personal income after taxes
$4,410
2026
$2,135
2026
Market capitalization of domestic companies n/a
$16.4B
2025
Income share by richest 10%
30.6%
2024
32.2%
2016
Income share by poorest 10%
1.9%
2024
1.6%
2016
Government expenditure, % of GDP
32.2%
2025
17%
2025
Consumer prices inflation
19.5%
2024-2025
14.2%
2024-2025
Central bank interest rate
3.26%
2025
14%
2026
Unemployment rate
2.73%
2024
3.97%
2024
Population
12837312
36032857

Spending and national debt comparison by year

Bolivia
Spending

Debt
Ghana
Spending

Debt
1x
Year % of GDP
Bolivia Ghana
Government spending Government debt Government spending Government debt
2025 32.2% 84.8% 17% 48.8%
2024 33.5% 83.2% 22% 70.3%
2023 33.5% 78.3% 18.5% 79.1%
2022 31.2% 69.2% 27.5% 92.7%
2021 29.4% 68.7% 27.2% 86.9%
2020 31.9% 67.5% 31.5% 79.1%
2019 30.1% 48.9% 22.5% 62.9%
2018 31.4% 44.2% 20.9% 62%
2017 31.6% 41.9% 17.6% 57%
2016 32.9% 38.2% 19.9% 55.9%
2015 37% 34% 18.6% 53.9%
2014 34.9% 31.8% 21% 50.1%
2013 30.4% 31% 21.6% 42.9%
2012 31.3% 30.7% 22.1% 35.5%
2011 30.6% 30.5% 19.5% 31.2%
2010 27.5% 32.8% 19% 32.9%
2009 28.9% 34.1% 16.6% 25.4%
2008 31.1% 32.4% 16.6% 23.2%
2007 28.9% 35.5% 16.8% 21.1%
2006 26.6% 48.6% 14.4% 17.3%
2005 29.5% 73.2% 12.9% 31.7%
2004 29% 80.6% 13.7% 38.4%
2003 28.6% 85.5% 12.1% 49.3%
2002 29.6% 77.2% 10.7% 54.1%
2001 28.6% 74.4% 13.8% 57.8%
2000 26.2% 66.5% 12% 74.5%
1999 26.3% 61.7% 11.1% 51.7%
1998 26.8% 61.2% 11.8% 37.6%
1997 25.3% 64.6% 12% 45.2%
1996 23.3% 72.4% 12.4% 42.9%
1995 23.1% 81.7% 13% 47.6%
1994 23.9% 87.6% 12.7% 50.6%
1993 24.3% 83.8% 12.1% 34.1%
1992 22.6% 92.4% 9.2% 21.3%
1991 21.6% 92.8% 7.09% 17.3%
1990 20.4% 102.9% 6.59% 17.8%
1989 24.4% 98% 7.24% 23%
1988 24% 115.9% 7.23% 23.5%
1987 24.4% 145.3% 7.32% 26.8%
1986 22.2% 149% 7.29% 18.2%
1985 21.8% 205.2% 6.08% 14.4%
1984 29% 166.5% 4.64% 13%
1983 32.1% 157.3% 3.49% 9.21%
1982 25% 155.4% 4.73% 8.51%
1981 16.6% 121.7% 5.74% 8.77%
1980 19.8% 100% 7.51% 9.75%
1979 18% 92% 9.14% 11.5%
1978 17.3% 82.5% 6.54% 11.4%
1977 18.6% 82.4% 10.5% 20.7%
1976 16.8% 68.9% 12.8% 26%
1975 14.4% 56.2% 13.2% 21.8%
1974 14.2% 52.7% 9.52% 21.8%
1973 14.1% 80.9% 9.35% 25.4%
1972 11.8% 77.7% 11.4% 29.8%
1971 11.3% 65.7% 11.7% 29.5%
1970 10% 63.9% 12.2% 31.9%
1969 12.3% - 11.2% 31.4%
1968 14.1% - 12.3% 34.5%
1967 13.1% - 11.5% 33.9%
1966 12.9% - 9.12% 29.8%
1965 12.9% - 14.2% 30.2%
1964 10.8% - 15.8% 30.8%
1963 10.8% - 15.3% 30.5%
1962 10.2% - 12.5% 11.8%
1961 10.7% - - -
1960 10.1% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08).

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

In 2025, Bolivia's government spending was $20.8B, accounting for 32.2% of its GDP, while Ghana spent $19.4B, or 17% of GDP.

Debt-to-GDP ratio is 84.8% in Bolivia and 48.8% in Ghana, ranking 36/185 and 108/185, respectively.

Government deficit by year

Deficit/surplus
Bolivia

Ghana
1x
Year Deficit/surplus, % of GDP
Bolivia Ghana
2025 -11.6% -1.35%
2024 -8.7% -6.23%
2023 -9.46% -3.37%
2022 -6.15% -11.8%
2021 -7.87% -12%
2020 -11% -17.4%
2019 -6.04% -7.52%
2018 -6.8% -6.79%
2017 -6.42% -3.97%
2016 -5.95% -6.75%
2015 -5.76% -4.01%
2014 -2.88% -7.81%
2013 0.51% -9.12%
2012 1.49% -8.36%
2011 0.72% -5.47%
2010 1.42% -7.13%
2009 2.29% -5.05%
2008 3.1% -5.56%
2007 -1.37% -4.91%
2006 3.99% -3.11%
2005 -2% -1.87%
2004 -4.97% -2.02%
2003 -7.04% -1.99%
2002 -7.82% -2.73%
2001 -6.11% -3.64%
2000 -3.34% -3.98%
1999 -3.43% -5.64%
1998 -4.56% -5.27%
1997 -2.94% -6.14%
1996 -1.7% -5.61%
1995 -1.63% -4.52%
1994 -2.68% -4.99%
1993 -5.46% -5.39%
1992 -3.94% -4.5%
1991 -3.76% -1.47%
1990 -3.94% -1.93%
1989 -5.5% -0.81%
1988 -6.5% -1.08%
1987 -7.7% -0.92%
1986 -2.7% -1.26%
1985 -9.8% -1.19%
1984 -25.4% -0.98%
1983 -19.8% -1.13%
1982 -15.9% -2.03%
1981 -12.3% -3.8%
1980 -15.3% -4.73%
1979 -11.2% -3.61%
1978 -9.97% -1.21%
1977 -11.2% -4.68%
1976 -1.15% -5.53%
1975 -2.33% -4.05%
1974 -1.87% -2.06%
1973 -3.72% -2.64%
1972 -3.69% -2.19%
1971 -3.67% 0.13%
1970 -1.92% -2.35%
1969 -4.16% -2.67%
1968 -5.67% -2.34%
1967 -4.29% -2.32%
1966 -3.55% -1.29%
1965 -4.12% -3.29%
1964 -2.68% -3.72%
1963 -3.02% -5.66%
1962 -2.8% -5.04%
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1989, retrieved 2026-07-08).

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

In 2025, Bolivia's government deficit, the difference between spending and revenue, was $7.51B, equivalent to 11.6% of GDP. This compares to Ghana's deficit of $1.54B, or 1.35% of GDP.

Over the past 64 years, Bolivia recorded a fiscal deficit in 57 of those years, while Ghana ran a deficit in 63 years. On average, Bolivia posted an annual deficit equal to 5.37% of GDP, compared to deficit of 4.25% of GDP for Ghana.

Inflation comparison by year

Inflation
Bolivia

Ghana
1x
Year Consumer prices inflation
Bolivia Ghana
2025 19.5% 14.2%
2024 5.1% 22.8%
2023 2.58% 38.1%
2022 1.75% 31.3%
2021 0.74% 9.97%
2020 0.94% 9.89%
2019 1.84% 7.14%
2018 2.27% 7.81%
2017 2.82% 12.4%
2016 3.62% 17.5%
2015 4.06% 17.1%
2014 5.77% 15.5%
2013 5.74% 11.7%
2012 4.52% 11.2%
2011 9.88% 8.73%
2010 2.5% 10.7%
2009 3.35% 19.2%
2008 14% 16.5%
2007 8.71% 10.7%
2006 4.28% 11.7%
2005 5.39% 15.4%
2004 4.44% 18%
2003 3.34% 29.8%
2002 0.93% 9.36%
2001 1.59% 41.5%
2000 4.61% 40.2%
1999 2.16% 4.87%
1998 7.67% 14.6%
1997 4.71% 27.9%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Bolivia has recorded an average annual inflation rate of 4.79%, compared with 17.4% in Ghana. In 2025, inflation was 19.5% in Bolivia and 14.2% in Ghana.

Top exports between countries

Bolivia
Export category Export value
Processed food, beverages & tobacco $4.96M
Animal & marine products $630K
Machinery & equipment $61K
Textiles & consumer goods $22K
Miscellaneous $3K
Metals $2K
Raw materials & minerals $1K
Ghana
Export category Export value

Balance of trade

Bolivia Ghana
Current account balance
-$1.22B
2025
$9.39B
2025
Current account balance ranking
124/190
2025
25/190
2025
Current account balance, % of GDP
-1.88%
2025
+8.22%
2025
Goods imports
$9.23B
2025
$17.5B
2025
Goods exports
$9.56B
2025
$31.2B
2025
Service imports
$2.25B
2025
$14.6B
2025
Service exports
$1.21B
2025
$10.1B
2025
Imports of goods and services, % of GDP
25.5%
2024
33.9%
2024
Exports of goods and services, % of GDP
21.4%
2024
35.1%
2024

Economic freedom indices

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

Bolivia Ghana
Economic freedom 42.4 57.3
Economic freedom ranking 184/197 118/197
Property rights 20.2 50.2
Government integrity 27.1 45.4
Judicial effectiveness 29.5 57.5
Tax burden 86.4 79.4
Government spending 56.3 84
Fiscal health 0.8 10.1
Business freedom 53.6 64.5
Labor freedom 52.2 54.9
Monetary freedom 67.1 56.7
Trade freedom 60.6 65.2
Investment freedom 15 60
Financial freedom 40 60

Economic freedom comparison by year

Bolivia
Ghana
1x
Year Economic freedom index
Bolivia Ghana
2026 42.4 57.3
2025 44.1 56
2024 43.5 55.8
2023 43.4 58
2022 43 59.8
2021 42.7 59.2
2020 42.8 59.4
2019 42.3 57.5
2018 44.1 56
2017 47.7 56.2
2016 47.4 63
2015 46.8 63
2014 48.4 64.2
2013 47.9 61.3
2012 50.2 60.7
2011 50 59.4
2010 49.4 60.2
2009 53.6 58.1
2008 53.1 57
2007 54.2 57.6
2006 57.8 55.6
2005 58.4 56.5
2004 64.5 59.1
2003 64.3 58.2
2002 65.1 57.2
2001 68 58
2000 65 58.1
1999 65.6 57.9
1998 68.8 57
1997 65.1 56.7
1996 65.2 57.7
1995 56.8 55.6

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Bolivia is 42.4, ranking 184/197, compared to 57.3 for Ghana, ranking 118/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bolivia Ghana
Services, % of GDP
53.4%
2024
42.9%
2025
Industry, % of GDP
31.3%
2024
29.3%
2025
Agriculture, forestry, and fishing, % of GDP
8.83%
2024
21.3%
2025
GNI, Atlas method
$55.6B
2025
$92.3B
2025
GNI per capita, PPP
$12,530
2025
$8,080
2025
Total reserves including gold
$580M
2025
$4.47B
2024
Total reserves ranking
155/177
2025
108/177
2024
Net foreign direct investment
-$464M
2025
-$1.87B
2025
Net inflows of foreign direct investment
$358M
2024
$1.77B
2024
Net outflows of foreign direct investment
$133M
2024
$5.37M
2024
Servicing debt to the IMF, % of GNI
3.41%
2024
3.5%
2024
Poverty at national poverty lines
37.7%
2024
23.4%
2016
Gross capital formation, % of GDP
17.9%
2024
9.9%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2021–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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.