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Economy of Bolivia vs Guinea compared: GDP & Debt

Updated on by Georank team

Bolivia has a GDP of $54.9B compared to $25B for Guinea, ranking 88/197 and 118/197 by economy size, respectively.

Bolivia has $53.8B in government debt (98% of GDP), compared to $12.2B (48.8% of GDP) in Guinea.

Bolivia vs Guinea GDP by year

Bolivia
Guinea
1x
Year GDP, current $
Bolivia Guinea
2024 $54,881,327,453 $25,008,678,293
2023 $52,340,206,946 $22,407,615,556
2022 $50,959,081,954 $19,910,452,542
2021 $47,877,892,402 $17,069,115,738
2020 $42,313,784,081 $14,088,693,743
2019 $49,056,643,589 $13,442,861,496
2018 $48,414,038,842 $11,857,030,367
2017 $45,927,439,595 $10,324,668,271
2016 $33,941,126,194 $8,595,955,222
2015 $33,000,198,249 $8,794,201,743
2014 $32,996,188,017 $8,778,473,373
2013 $30,659,338,886 $8,376,613,539
2012 $27,084,497,482 $7,638,044,557
2011 $23,963,164,697 $6,785,137,203
2010 $19,649,723,722 $6,853,467,146
2009 $17,339,992,194 $6,716,905,340
2008 $16,674,276,286 $6,964,179,983
2007 $13,120,108,008 $6,281,918,226
2006 $11,451,844,902 $4,220,019,845
2005 $9,549,122,905 $4,282,468,637
2004 $8,773,451,752 $5,300,767,961
2003 $8,082,399,640 $5,025,167,975
2002 $7,905,485,146 $4,301,608,753
2001 $8,141,516,928 $4,125,527,603
2000 $8,397,855,485 $4,367,458,867
1999 $8,285,064,435 $5,046,806,783
1998 $8,497,494,652 $5,232,118,046
1997 $7,925,736,821 $5,516,916,163
1996 $7,396,949,126 $5,641,243,100
1995 $6,715,161,732 $5,385,704,166
1994 $5,981,222,859 $4,932,800,407
1993 $5,734,699,489 $4,781,166,117
1992 $5,643,868,749 $4,789,220,417
1991 $5,343,262,457 $4,396,178,694
1990 $4,867,582,598 $3,888,320,666
1989 $4,715,973,437 $3,546,079,263
1988 $4,597,612,362 $3,476,480,303
1987 $4,347,956,338 $2,976,714,019
1986 $3,959,382,833 $2,909,130,355
1985 $5,377,276,555 $22,787,644,566
1984 $6,169,483,225 $18,421,497,251
1983 $5,422,656,823 $15,129,893,722
1982 $5,594,126,369 $11,926,032,493
1981 $5,891,598,695 $9,646,440,667
1980 $4,537,479,608 $9,746,524,915
1979 $4,421,336,383 $8,877,094,497
1978 $3,758,220,890 $8,087,305,999
1977 $3,227,436,282 $6,914,381,291
1976 $2,731,984,008 $6,762,781,871
1975 $2,404,697,651 $6,102,769,605
1974 $2,100,249,875 $5,691,417,541
1973 $1,262,968,516 $5,152,080,388
1972 $1,257,615,645 $4,203,069,035
1971 $1,095,622,896 $3,594,302,908
1970 $1,017,003,367 $3,220,224,608
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/guinea | CC BY

GDP per capita in Bolivia vs Guinea by year

Bolivia
GDP per capita

GDP per capita, PPP
Guinea
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bolivia Guinea
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $4,421 $12,878 $1,695 $4,565
2023 $4,275 $12,892 $1,555 $4,334
2022 $4,219 $12,307 $1,417 $4,062
2021 $4,011 $11,202 $1,245 $3,739
2020 $3,581 $9,581 $1,054 $3,332
2019 $4,203 $11,005 $1,031 $3,106
2018 $4,207 $10,758 $933 $2,844
2017 $4,048 $10,420 $834 $2,687
2016 $3,036 $9,242 $712 $2,255
2015 $2,996 $8,757 $747 $1,930
2014 $3,041 $8,629 $765 $1,873
2013 $2,870 $8,069 $748 $1,842
2012 $2,576 $7,184 $699 $1,790
2011 $2,316 $6,598 $637 $1,705
2010 $1,930 $6,245 $659 $1,622
2009 $1,731 $6,024 $662 $1,567
2008 $1,693 $5,890 $704 $1,614
2007 $1,355 $5,537 $650 $1,558
2006 $1,203 $5,244 $447 $1,453
2005 $1,020 $4,938 $463 $1,422
2004 $953 $4,663 $585 $1,366
2003 $893 $4,433 $566 $1,328
2002 $888 $4,304 $496 $1,315
2001 $930 $4,205 $483 $1,251
2000 $976 $4,113 $518 $1,196
1999 $979 $3,991 $611 $1,163
1998 $1,022 $3,988 $647 $1,130
1997 $970 $3,822 $696 $1,099
1996 $922 $3,645 $726 $1,048
1995 $853 $3,494 $713 $1,014
1994 $774 $3,331 $672 $976
1993 $757 $3,177 $671 $947
1992 $760 $3,036 $693 $908
1991 $734 $2,981 $656 $887
1990 $683 $2,797 $604 $871
1989 $675 - $570 -
1988 $673 - $574 -
1987 $650 - $505 -
1986 $604 - $506 -
1985 $838 - $4,062 -
1984 $982 - $3,362 -
1983 $882 - $2,823 -
1982 $930 - $2,273 -
1981 $1,001 - $1,876 -
1980 $788 - $1,931 -
1979 $785 - $1,790 -
1978 $683 - $1,658 -
1977 $600 - $1,440 -
1976 $520 - $1,431 -
1975 $468 - $1,311 -
1974 $418 - $1,243 -
1973 $257.2 - $1,143 -
1972 $261.9 - $948 -
1971 $233.4 - $825 -
1970 $221.6 - $753 -
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/guinea | CC BY

Bolivia's GDP per capita is $4,421, ranking 125/197, compared to $1,695 in Guinea, ranking 160/197. Adjusted for purchasing power (GDP per capita PPP), Bolivia ranks 122nd at $12,878, while Guinea ranks 161st at $4,565.

Economic indicators

Bolivia Guinea
Gross domestic product
$54.9B
2024
$25B
2024
GDP rank
88/197
2024
118/197
2024
GDP growth
-1.12%
2023-2024
5.35%
2023-2024
GDP per capita
$4,421
2024
$1,695
2024
GDP per capita rank
125/197
2024
160/197
2024
GDP per capita, PPP
$12,878
2024
$4,565
2024
GDP per capita PPP rank
122/197
2024
161/197
2024
Government debt
$53.8B
2024
$12.2B
2024
Debt-to-GDP ratio
98%
2024
48.8%
2024
Government debt per person
$4,331
2024
$828
2024
Government debt per person rank
88/185
2024
147/185
2024
Average annual personal income after taxes
$4,720
2026
$20,020
2026
Income share by richest 10%
31.3%
2023
23.1%
2018
Income share by poorest 10%
1.8%
2023
3.5%
2018
Government expenditure, % of GDP
39.8%
2024
20.6%
2024
Consumer prices inflation
5.1%
2023-2024
4.7%
2023-2024
Central bank interest rate
3.26%
2025
n/a
Unemployment rate
2.73%
2024
5.02%
2019
Population
12798112
15546235

Spending and national debt comparison by year

Bolivia
Spending

Debt
Guinea
Spending

Debt
1x
Year % of GDP
Bolivia Guinea
Government spending Government debt Government spending Government debt
2024 39.8% 98% 20.6% 48.8%
2023 38.7% 90.8% 18.3% 40.4%
2022 36% 80.1% 15.7% 37.9%
2021 34.8% 81.4% 15.1% 40.6%
2020 36.8% 78% 17.1% 45.3%
2019 36.1% 58.6% 14.9% 37.3%
2018 37.7% 53.1% 15.9% 37.5%
2017 38.6% 51.3% 17.3% 39.9%
2016 40% 46.5% 16.1% 40.6%
2015 44.5% 40.9% 21.7% 41.5%
2014 41.2% 37.6% 20.1% 32.1%
2013 35.4% 36.1% 18.6% 30.5%
2012 36% 35.4% 19.6% 26.9%
2011 35.4% 35.3% 16% 53.8%
2010 31.5% 37.6% 20.5% 71.1%
2009 33.2% 39.2% 16.2% 61.3%
2008 35.3% 36.8% 10.1% 58.5%
2007 32.7% 40% 8.66% 60.8%
2006 29.8% 54.4% 13.2% 95.2%
2005 33.2% 82.2% 11% 97.9%
2004 32.3% 89.8% 13% 86.9%
2003 32% 95.6% 14.7% 81.6%
2002 33.3% 86.7% 14.4% 82.6%
2001 32% 83% 14.9% 90.4%
2000 29.3% 74.3% 12.6% 91.5%
1999 29.4% 61.7% 11.6% 92.3%
1998 30% 61.2% 10.3% 75.9%
1997 28.3% 64.6% 12.6% 67.9%
1996 26% 72.4% 12% 67.7%
1995 25.8% 81.7% 12.7% 66.5%
1994 26.8% 87.6% 12.6% 71.3%
1993 27.2% 83.8% 13.3% 68.9%
1992 25.3% 92.4% 13.8% 62%
1991 24.2% 92.8% 16.3% 70.9%
1990 22.8% 102.9% 18.7% 71.6%
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/guinea | CC BY

In 2024, Bolivia's government spending was $21.9B, accounting for 39.8% of its GDP, while Guinea spent $5.14B, or 20.6% of GDP.

Debt-to-GDP ratio is 98% in Bolivia and 48.8% in Guinea, ranking 26/185 and 111/185, respectively.

Government deficit by year

Deficit/surplus
Bolivia

Guinea
1x
Year Deficit/surplus, % of GDP
Bolivia Guinea
2024 -10.6% -4.99%
2023 -10.9% -3.86%
2022 -7.12% -1.88%
2021 -9.33% -1.7%
2020 -12.7% -3.08%
2019 -7.25% -0.17%
2018 -8.17% -0.97%
2017 -7.86% -1.98%
2016 -7.24% -0.08%
2015 -6.93% -6.53%
2014 -3.41% -3.01%
2013 0.6% -3.86%
2012 1.72% 23.7%
2011 0.83% -0.92%
2010 1.62% -9.66%
2009 2.63% -4.87%
2008 3.53% 0.38%
2007 -1.54% 1.28%
2006 4.47% -2.13%
2005 -2.24% -1.06%
2004 -5.54% -3.85%
2003 -7.88% -4.65%
2002 -8.79% -3.37%
2001 -6.82% -3.23%
2000 -3.73% -2.42%
1999 -3.84% -1.3%
1998 -5.1% 2.46%
1997 -3.28% 0.07%
1996 -1.9% -2.2%
1995 -1.82% -1.07%
1994 -3% -2.59%
1993 -6.1% -2.33%
1992 -4.4% -0.89%
1991 -4.2% -3.25%
1990 -4.4% -3.76%
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/guinea | 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 Guinea's deficit of $1.25B, or 4.99% of GDP.

Over the past 35 years, Bolivia recorded a fiscal deficit in 28 of those years, while Guinea ran a deficit in 30 years. On average, Bolivia posted an annual deficit equal to 4.31% of GDP, compared to deficit of 1.65% of GDP for Guinea.

Inflation comparison by year

Inflation
Bolivia

Guinea
1x
Year Consumer prices inflation
Bolivia Guinea
2024 5.1% 4.7%
2023 2.58% 5.4%
2022 1.75% 10.5%
2021 0.74% 12.6%
2020 0.94% 10.6%
2019 1.84% 9.5%
2018 2.27% 9.8%
2017 2.82% 8.9%
2016 3.62% 8.2%
2015 4.06% 8.2%
2014 5.77% 9.7%
2013 5.74% 11.9%
2012 4.52% 15.2%
2011 9.88% 21.4%
2010 2.5% 15.5%
2009 3.35% 4.7%
2008 14% 18.4%
2007 8.71% 22.9%
2006 4.28% 34.7%
2005 5.39% 31.4%
2004 4.44% 17.5%
2003 3.34% 11%
2002 0.93% 3%
2001 1.59% 5.4%
2000 4.61% 6.8%
1999 2.16% 4.6%
1998 7.67% 5.1%
1997 4.71% 1.9%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Bolivia has recorded an average annual inflation rate of 4.26%, compared with 11.8% in Guinea. In 2024, inflation was 5.1% in Bolivia and 4.7% in Guinea.

Top exports between countries

Bolivia
Export category Export value
Processed food, beverages & tobacco $67K
Animal & marine products $50K
Guinea
Export category Export value
Miscellaneous $34K

Balance of trade

Bolivia Guinea
Current account balance
-$1.41B
2024
-$392M
2024
Current account balance ranking
132/190
2024
104/190
2024
Current account balance, % of GDP
-2.56%
2024
-1.57%
2024
Goods imports
$9.15B
2024
$7.08B
2024
Goods exports
$8.93B
2024
$11.6B
2024
Service imports
$2.35B
2024
$3.15B
2024
Service exports
$1.14B
2024
$71.2M
2024
Imports of goods and services, % of GDP
25.5%
2024
56.4%
2024
Exports of goods and services, % of GDP
21.4%
2024
41.4%
2024

Economic freedom indices

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

Bolivia Guinea
Economic freedom 42.4 53.1
Economic freedom ranking 184/197 141/197
Property rights 20.2 21.3
Government integrity 27.1 26.7
Judicial effectiveness 29.5 26
Tax burden 86.4 70.1
Government spending 56.3 90.1
Fiscal health 0.8 74.8
Business freedom 53.6 44.8
Labor freedom 52.2 56.4
Monetary freedom 67.1 75.3
Trade freedom 60.6 61.8
Investment freedom 15 50
Financial freedom 40 40

Economic freedom comparison by year

Bolivia
Guinea
1x
Year Economic freedom index
Bolivia Guinea
2026 42.4 53.1
2025 44.1 54.6
2024 43.5 53.3
2023 43.4 53.2
2022 43 54.2
2021 42.7 56.5
2020 42.8 56.5
2019 42.3 55.7
2018 44.1 52.2
2017 47.7 47.6
2016 47.4 53.3
2015 46.8 52.1
2014 48.4 53.5
2013 47.9 51.2
2012 50.2 50.8
2011 50 51.7
2010 49.4 51.8
2009 53.6 51
2008 53.1 52.8
2007 54.2 54.5
2006 57.8 52.8
2005 58.4 57.4
2004 64.5 56.1
2003 64.3 54.6
2002 65.1 52.9
2001 68 58.4
2000 65 58.2
1999 65.6 59.4
1998 68.8 61
1997 65.1 52.9
1996 65.2 58.5
1995 56.8 59.4

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

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

The Economic Freedom Index for Bolivia is 42.4, ranking 184/197, compared to 53.1 for Guinea, ranking 141/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bolivia Guinea
Services, % of GDP
53.4%
2024
36.3%
2024
Industry, % of GDP
31.3%
2024
25.1%
2024
Agriculture, forestry, and fishing, % of GDP
8.83%
2024
31%
2024
GNI, Atlas method
$51.7B
2024
$21.3B
2024
GNI per capita, PPP
$12,620
2024
$4,130
2024
Total reserves including gold
$1.98B
2024
$1.89B
2023
Total reserves ranking
127/177
2024
128/177
2023
Net foreign direct investment
-$113M
2024
-$1.4B
2024
Net inflows of foreign direct investment
$387M
2024
$1.4B
2024
Net outflows of foreign direct investment
$133M
2024
$30K
2024
Servicing debt to the IMF, % of GNI
3.41%
2024
1.94%
2024
Poverty at national poverty lines
36.5%
2023
47%
2020
Gross capital formation, % of GDP
17.9%
2024
32.1%
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/guinea | 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. TradeMap (2016–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.