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Economy of Bolivia vs Guyana compared: GDP & Debt

Updated on by Georank team

Bolivia has a GDP of $54.9B compared to $24.7B for Guyana, ranking 88/197 and 120/197 by economy size, respectively.

Bolivia has $53.8B in government debt (98% of GDP), compared to $5.99B (24.3% of GDP) in Guyana.

Bolivia vs Guyana GDP by year

Bolivia
Guyana
1x
Year GDP, current $
Bolivia Guyana
2024 $54,881,327,453 $24,662,709,832
2023 $52,340,206,946 $16,918,503,597
2022 $50,959,081,954 $14,718,388,489
2021 $47,877,892,402 $8,041,362,110
2020 $42,313,784,081 $5,471,256,595
2019 $49,056,643,589 $5,173,760,192
2018 $48,414,038,842 $4,787,636,998
2017 $45,927,439,595 $4,748,174,334
2016 $33,941,126,194 $4,482,697,337
2015 $33,000,198,249 $4,279,840,194
2014 $32,996,188,017 $4,127,660,152
2013 $30,659,338,886 $4,167,800,929
2012 $27,084,497,482 $4,063,088,536
2011 $23,963,164,697 $3,691,384,318
2010 $19,649,723,722 $3,432,912,517
2009 $17,339,992,194 $3,165,663,153
2008 $16,674,276,286 $3,025,187,433
2007 $13,120,108,008 $2,730,971,595
2006 $11,451,844,902 $2,379,817,991
2005 $9,549,122,905 $824,880,550
2004 $8,773,451,752 $787,814,379
2003 $8,082,399,640 $743,063,950
2002 $7,905,485,146 $726,131,435
2001 $8,141,516,928 $712,167,450
2000 $8,397,855,485 $712,667,897
1999 $8,285,064,435 $694,754,988
1998 $8,497,494,652 $717,530,683
1997 $7,925,736,821 $749,138,010
1996 $7,396,949,126 $705,406,001
1995 $6,715,161,732 $621,626,786
1994 $5,981,222,859 $540,874,934
1993 $5,734,699,489 $454,101,382
1992 $5,643,868,749 $373,573,141
1991 $5,343,262,457 $348,533,095
1990 $4,867,582,598 $396,582,263
1989 $4,715,973,437 $379,779,390
1988 $4,597,612,362 $413,799,990
1987 $4,347,956,338 $354,591,847
1986 $3,959,382,833 $504,651,140
1985 $5,377,276,555 $453,488,372
1984 $6,169,483,225 $437,631,605
1983 $5,422,656,823 $489,333,333
1982 $5,594,126,369 $482,000,000
1981 $5,891,598,695 $570,357,107
1980 $4,537,479,608 $603,200,000
1979 $4,421,336,383 $530,440,000
1978 $3,758,220,890 $507,080,000
1977 $3,227,436,282 $449,880,000
1976 $2,731,984,008 $454,440,000
1975 $2,404,697,651 $494,791,667
1974 $2,100,249,875 $433,954,545
1973 $1,262,968,516 $307,047,619
1972 $1,257,615,645 $285,380,952
1971 $1,095,622,896 $282,050,000
1970 $1,017,003,367 $267,800,000
1969 $929,629,630 $249,300,000
1968 $857,912,458 $229,750,000
1967 $755,808,081 $250,176,471
1966 $669,191,919 $228,705,882
1965 $604,377,104 $213,235,294
1964 $544,023,569 $194,774,513
1963 $482,828,283 $175,757,894
1962 $448,400,673 $194,949,513
1961 $410,101,010 $185,849,535
1960 $377,020,202 $170,216,241

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

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

GDP per capita in Bolivia vs Guyana by year

Bolivia
GDP per capita

GDP per capita, PPP
Guyana
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bolivia Guyana
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $4,421 $12,878 $29,675 $80,155
2023 $4,275 $12,892 $20,474 $54,729
2022 $4,219 $12,307 $17,913 $39,711
2021 $4,011 $11,202 $9,861 $22,866
2020 $3,581 $9,581 $6,776 $16,819
2019 $4,203 $11,005 $6,406 $13,241
2018 $4,207 $10,758 $6,048 $12,443
2017 $4,048 $10,420 $6,179 $12,243
2016 $3,036 $9,242 $5,871 $11,516
2015 $2,996 $8,757 $5,640 $11,408
2014 $3,041 $8,629 $5,473 $11,145
2013 $2,870 $8,069 $5,557 $11,200
2012 $2,576 $7,184 $5,444 $10,627
2011 $2,316 $6,598 $4,947 $10,066
2010 $1,930 $6,245 $4,582 $9,337
2009 $1,731 $6,024 $4,209 $8,824
2008 $1,693 $5,890 $4,009 $8,437
2007 $1,355 $5,537 $3,608 $8,110
2006 $1,203 $5,244 $3,136 $7,346
2005 $1,020 $4,938 $1,084 $6,761
2004 $953 $4,663 $1,033 $6,673
2003 $893 $4,433 $974 $6,392
2002 $888 $4,304 $951 $6,304
2001 $930 $4,205 $932 $6,131
2000 $976 $4,113 $932 $5,860
1999 $979 $3,991 $909 $5,812
1998 $1,022 $3,988 $940 $5,573
1997 $970 $3,822 $983 $5,615
1996 $922 $3,645 $928 $5,210
1995 $853 $3,494 $820 $4,753
1994 $774 $3,331 $716 $4,447
1993 $757 $3,177 $603 $4,027
1992 $760 $3,036 $498 $3,651
1991 $734 $2,981 $466 $3,322
1990 $683 $2,797 $529 $3,022
1989 $675 - $503 -
1988 $673 - $545 -
1987 $650 - $464 -
1986 $604 - $657 -
1985 $838 - $588 -
1984 $982 - $565 -
1983 $882 - $631 -
1982 $930 - $621 -
1981 $1,001 - $735 -
1980 $788 - $779 -
1979 $785 - $689 -
1978 $683 - $663 -
1977 $600 - $593 -
1976 $520 - $604 -
1975 $468 - $664 -
1974 $418 - $588 -
1973 $257.2 - $421 -
1972 $261.9 - $395 -
1971 $233.4 - $396 -
1970 $221.6 - $381 -
1969 $207.1 - $361 -
1968 $195.5 - $340 -
1967 $176.1 - $378 -
1966 $159.3 - $353 -
1965 $147.1 - $336 -
1964 $135.2 - $313 -
1963 $122.6 - $288.8 -
1962 $116.2 - $327 -
1961 $108.5 - $319 -
1960 $101.8 - $299.1 -

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

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

Bolivia's GDP per capita is $4,421, ranking 125/197, compared to $29,675 in Guyana, ranking 41/197. Adjusted for purchasing power (GDP per capita PPP), Bolivia ranks 122nd at $12,878, while Guyana ranks 15th at $80,155.

Economic indicators

Bolivia Guyana
Gross domestic product
$54.9B
2024
$24.7B
2024
GDP rank
88/197
2024
120/197
2024
GDP growth
-1.12%
2023-2024
43.8%
2023-2024
GDP per capita
$4,421
2024
$29,675
2024
GDP per capita rank
125/197
2024
41/197
2024
GDP per capita, PPP
$12,878
2024
$80,155
2024
GDP per capita PPP rank
122/197
2024
15/197
2024
Government debt
$53.8B
2024
$5.99B
2024
Debt-to-GDP ratio
98%
2024
24.3%
2024
Government debt per person
$4,331
2024
$7,213
2024
Government debt per person rank
88/185
2024
66/185
2024
Average annual personal income after taxes
$4,720
2026
$13,212
2026
Income share by richest 10%
31.3%
2023
34.4%
1998
Income share by poorest 10%
1.8%
2023
1.1%
1998
Government expenditure, % of GDP
39.8%
2024
23.2%
2024
Consumer prices inflation
5.1%
2023-2024
2.5%
2023-2024
Central bank interest rate
3.26%
2025
n/a
Unemployment rate
2.73%
2024
13.2%
2019
Population
12798112
842249

Spending and national debt comparison by year

Bolivia
Spending

Debt
Guyana
Spending

Debt
1x
Year % of GDP
Bolivia Guyana
Government spending Government debt Government spending Government debt
2024 39.8% 98% 23.2% 24.3%
2023 38.7% 90.8% 23.7% 26.7%
2022 36% 80.1% 20.3% 24.8%
2021 34.8% 81.4% 24.8% 45.7%
2020 36.8% 78% 30.5% 59.5%
2019 36.1% 58.6% 28.1% 54%
2018 37.7% 53.1% 27.6% 47.9%
2017 38.6% 51.3% 26.3% 46.1%
2016 40% 46.5% 25.2% 44%
2015 44.5% 40.9% 21.7% 42.2%
2014 41.2% 37.6% 23.1% 38.7%
2013 35.4% 36.1% 21.4% 41.4%
2012 36% 35.4% 21.8% 44.7%
2011 35.4% 35.3% 23.5% 51.7%
2010 31.5% 37.6% 23.9% 53.1%
2009 33.2% 39.2% 25.4% 52.3%
2008 35.3% 36.8% 24.1% 48.2%
2007 32.7% 40% 25.5% 47.7%
2006 29.8% 54.4% 29% 74.5%
2005 33.2% 82.2% 28.4% 90.7%
2004 32.3% 89.8% 23.7% 91.8%
2003 32% 95.6% 23.5% 95.6%
2002 33.3% 86.7% 23.1% 105.1%
2001 32% 83% 24% 104.6%
2000 29.3% 74.3% 22.9% 97.2%
1999 29.4% 61.7% 17.6% 97.1%
1998 30% 61.2% 19.7% 108%
1997 28.3% 64.6% 20.9% 101.3%
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/guyana | CC BY

In 2024, Bolivia's government spending was $21.9B, accounting for 39.8% of its GDP, while Guyana spent $5.72B, or 23.2% of GDP.

Debt-to-GDP ratio is 98% in Bolivia and 24.3% in Guyana, ranking 26/185 and 168/185, respectively.

Government deficit by year

Deficit/surplus
Bolivia

Guyana
1x
Year Deficit/surplus, % of GDP
Bolivia Guyana
2024 -10.6% -7.31%
2023 -10.9% -5.78%
2022 -7.12% -5.11%
2021 -9.33% -6.94%
2020 -12.7% -7.78%
2019 -7.25% -2.52%
2018 -8.17% -2.52%
2017 -7.86% -3.14%
2016 -7.24% -3.21%
2015 -6.93% -0.75%
2014 -3.41% -3.88%
2013 0.6% -2.16%
2012 1.72% -3.11%
2011 0.83% -2.13%
2010 1.62% -1.88%
2009 2.63% -2.5%
2008 3.53% -2.78%
2007 -1.54% -3.35%
2006 4.47% -6.16%
2005 -2.24% -6.54%
2004 -5.54% -2.88%
2003 -7.88% -4.81%
2002 -8.79% -2.42%
2001 -6.82% -3.71%
2000 -3.73% -2.27%
1999 -3.84% -0.47%
1998 -5.1% -2.67%
1997 -3.28% -1.7%
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/guyana | 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 Guyana's deficit of $1.8B, or 7.31% of GDP.

Over the past 28 years, Bolivia recorded a fiscal deficit in 21 of those years, while Guyana ran a deficit in 28 years. On average, Bolivia posted an annual deficit equal to 4.46% of GDP, compared to deficit of 3.59% of GDP for Guyana.

Inflation comparison by year

Inflation
Bolivia

Guyana
1x
Year Consumer prices inflation
Bolivia Guyana
2024 5.1% 2.5%
2023 2.58% 4.5%
2022 1.75% 6.5%
2021 0.74% 3.3%
2020 0.94% 1.2%
2019 1.84% 2.1%
2018 2.27% 1.3%
2017 2.82% 1.9%
2016 3.62% 0.8%
2015 4.06% -0.9%
2014 5.77% 0.7%
2013 5.74% 1.9%
2012 4.52% 2.4%
2011 9.88% 4.4%
2010 2.5% 4.3%
2009 3.35% 3%
2008 14% 8.1%
2007 8.71% 12.2%
2006 4.28% 6.7%
2005 5.39% 6.9%
2004 4.44% 4.7%
2003 3.34% 6%
2002 0.93% 5.4%
2001 1.59% 2.6%
2000 4.61% 6.1%
1999 2.16% 7.5%
1998 7.67% 4.6%
1997 4.71% 3.6%

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/guyana | CC BY

Over the past 28 years, Bolivia has recorded an average annual inflation rate of 4.26%, compared with 4.08% in Guyana. In 2024, inflation was 5.1% in Bolivia and 2.5% in Guyana.

Top exports between countries

Bolivia
Export category Export value
Machinery & equipment $429K
Chemicals & pharma $89K
Textiles & consumer goods $32K
Metals $25K
Miscellaneous $11K
Raw materials & minerals $1K
Guyana
Export category Export value
Machinery & equipment $502K
Textiles & consumer goods $50K
Raw agricultural goods $2K

Balance of trade

Bolivia Guyana
Current account balance
-$1.41B
2024
$2.35B
2023
Current account balance ranking
132/190
2024
43/190
2023
Current account balance, % of GDP
-2.56%
2024
+13.9%
2023
Goods imports
$9.15B
2024
$6B
2023
Goods exports
$8.93B
2024
$13.2B
2023
Service imports
$2.35B
2024
$4.95B
2023
Service exports
$1.14B
2024
$529M
2023
Imports of goods and services, % of GDP
25.5%
2024
109.7%
2005
Exports of goods and services, % of GDP
21.4%
2024
84.6%
2005

Economic freedom indices

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

Bolivia Guyana
Economic freedom 42.4 58.7
Economic freedom ranking 184/197 109/197
Property rights 20.2 46.7
Government integrity 27.1 38.8
Judicial effectiveness 29.5 48.6
Tax burden 86.4 76.4
Government spending 56.3 85
Fiscal health 0.8 39.9
Business freedom 53.6 70.9
Labor freedom 52.2 76
Monetary freedom 67.1 78.5
Trade freedom 60.6 59.2
Investment freedom 15 55
Financial freedom 40 30

Economic freedom comparison by year

Bolivia
Guyana
1x
Year Economic freedom index
Bolivia Guyana
2026 42.4 58.7
2025 44.1 58.2
2024 43.5 57.3
2023 43.4 56.9
2022 43 59.5
2021 42.7 57.4
2020 42.8 56.2
2019 42.3 56.8
2018 44.1 58.7
2017 47.7 58.5
2016 47.4 55.4
2015 46.8 55.5
2014 48.4 55.7
2013 47.9 53.8
2012 50.2 51.3
2011 50 49.4
2010 49.4 48.4
2009 53.6 48.4
2008 53.1 48.8
2007 54.2 53.7
2006 57.8 56.6
2005 58.4 56.5
2004 64.5 53
2003 64.3 50.3
2002 65.1 54.3
2001 68 53.3
2000 65 52.4
1999 65.6 53.3
1998 68.8 52.7
1997 65.1 53.2
1996 65.2 50.1
1995 56.8 45.7

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

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

The Economic Freedom Index for Bolivia is 42.4, ranking 184/197, compared to 58.7 for Guyana, ranking 109/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bolivia Guyana
Services, % of GDP
53.4%
2024
14.5%
2024
Industry, % of GDP
31.3%
2024
76%
2024
Agriculture, forestry, and fishing, % of GDP
8.83%
2024
7.62%
2024
GNI, Atlas method
$51.7B
2024
$16.7B
2024
GNI per capita, PPP
$12,620
2024
$52,290
2024
Total reserves including gold
$1.98B
2024
$1.01B
2024
Total reserves ranking
127/177
2024
141/177
2024
Net foreign direct investment
-$113M
2024
$1.14B
2023
Net inflows of foreign direct investment
$387M
2024
$8.63B
2024
Net outflows of foreign direct investment
$133M
2024
$5.7M
2024
Servicing debt to the IMF, % of GNI
3.41%
2024
3.73%
2024
Poverty at national poverty lines
36.5%
2023
35%
2020
Gross capital formation, % of GDP
17.9%
2024
32.3%
2005

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/guyana | 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 (2021–2024, 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.