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Economy of Bolivia vs Haiti compared: GDP & Debt

Updated on by Georank team

Bolivia has a GDP of $54.9B compared to $25.2B for Haiti, ranking 88/197 and 117/197 by economy size, respectively.

Bolivia has $53.8B in government debt (98% of GDP), compared to $3.91B (15.5% of GDP) in Haiti.

Bolivia vs Haiti GDP by year

Bolivia
Haiti
1x
Year GDP, current $
Bolivia Haiti
2024 $54,881,327,453 $25,224,154,991
2023 $52,340,206,946 $19,850,585,722
2022 $50,959,081,954 $20,253,551,921
2021 $47,877,892,402 $20,944,387,976
2020 $42,313,784,081 $14,508,222,518
2019 $49,056,643,589 $15,016,090,930
2018 $48,414,038,842 $16,403,864,618
2017 $45,927,439,595 $15,093,357,161
2016 $33,941,126,194 $14,069,277,526
2015 $33,000,198,249 $14,849,629,309
2014 $32,996,188,017 $15,146,883,498
2013 $30,659,338,886 $14,902,488,604
2012 $27,084,497,482 $13,708,925,477
2011 $23,963,164,697 $13,008,746,039
2010 $19,649,723,722 $11,859,312,725
2009 $17,339,992,194 $11,597,002,835
2008 $16,674,276,286 $10,432,962,635
2007 $13,120,108,008 $9,228,637,768
2006 $11,451,844,902 $7,638,739,123
2005 $9,549,122,905 $7,030,149,730
2004 $8,773,451,752 $6,087,360,684
2003 $8,082,399,640 $5,071,947,798
2002 $7,905,485,146 $6,205,847,214
2001 $8,141,516,928 $6,331,970,324
2000 $8,397,855,485 $6,813,566,099
1999 $8,285,064,435 $4,153,725,884
1998 $8,497,494,652 $3,723,903,724
1997 $7,925,736,821 $3,338,949,152
1996 $7,396,949,126 $2,907,517,604
1995 $6,715,161,732 $2,813,313,279
1994 $5,981,222,859 $2,167,569,046
1993 $5,734,699,489 $1,878,253,767
1992 $5,643,868,749 $2,257,129,792
1991 $5,343,262,457 $3,473,562,628
1990 $4,867,582,598 $3,096,289,800
1989 $4,715,973,437 $2,736,243,800
1988 $4,597,612,362 $2,613,926,800
1987 $4,347,956,338 $2,047,200,000
1986 $3,959,382,833 $2,318,000,000
1985 $5,377,276,555 $2,009,400,000
1984 $6,169,483,225 $1,816,200,000
1983 $5,422,656,823 $1,623,600,000
1982 $5,594,126,369 $1,474,200,000
1981 $5,891,598,695 $1,479,400,000
1980 $4,537,479,608 $1,383,800,000
1979 $4,421,336,383 $1,080,600,000
1978 $3,758,220,890 $974,200,000
1977 $3,227,436,282 $947,000,000
1976 $2,731,984,008 $879,000,000
1975 $2,404,697,651 $681,400,000
1974 $2,100,249,875 $565,399,322
1973 $1,262,968,516 $466,798,973
1972 $1,257,615,645 $371,998,958
1971 $1,095,622,896 $362,800,000
1970 $1,017,003,367 $331,200,000
1969 $929,629,630 $391,820,400
1968 $857,912,458 $367,968,800
1967 $755,808,081 $369,124,200
1966 $669,191,919 $368,948,600
1965 $604,377,104 $353,251,800
1964 $544,023,569 $325,281,200
1963 $482,828,283 $294,883,400
1962 $448,400,673 $281,896,800
1961 $410,101,010 $271,066,000
1960 $377,020,202 $273,187,200

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

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

GDP per capita in Bolivia vs Haiti by year

Bolivia
GDP per capita

GDP per capita, PPP
Haiti
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bolivia Haiti
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $4,421 $12,878 $2,143 $3,194
2023 $4,275 $12,892 $1,706 $3,292
2022 $4,219 $12,307 $1,761 $3,275
2021 $4,011 $11,202 $1,841 $3,145
2020 $3,581 $9,581 $1,290 $3,103
2019 $4,203 $11,005 $1,352 $3,237
2018 $4,207 $10,758 $1,496 $3,197
2017 $4,048 $10,420 $1,395 $3,339
2016 $3,036 $9,242 $1,318 $3,253
2015 $2,996 $8,757 $1,411 $3,026
2014 $3,041 $8,629 $1,460 $3,076
2013 $2,870 $8,069 $1,458 $3,042
2012 $2,576 $7,184 $1,361 $2,830
2011 $2,316 $6,598 $1,312 $2,858
2010 $1,930 $6,245 $1,210 $2,695
2009 $1,731 $6,024 $1,197 $2,855
2008 $1,693 $5,890 $1,095 $2,724
2007 $1,355 $5,537 $985 $2,647
2006 $1,203 $5,244 $829 $2,504
2005 $1,020 $4,938 $776 $2,427
2004 $953 $4,663 $683 $2,322
2003 $893 $4,433 $579 $2,331
2002 $888 $4,304 $721 $2,248
2001 $930 $4,205 $749 $2,230
2000 $976 $4,113 $821 $2,229
1999 $979 $3,991 $510 $2,201
1998 $1,022 $3,988 $465 $2,152
1997 $970 $3,822 $425 $2,122
1996 $922 $3,645 $377 $2,070
1995 $853 $3,494 $372 $1,989
1994 $774 $3,331 $292.1 $1,807
1993 $757 $3,177 $258.1 $2,048
1992 $760 $3,036 $316 $2,158
1991 $734 $2,981 $497 $2,273
1990 $683 $2,797 $452 $2,202
1989 $675 - $407 -
1988 $673 - $397 -
1987 $650 - $318 -
1986 $604 - $367 -
1985 $838 - $325 -
1984 $982 - $299.2 -
1983 $882 - $272.8 -
1982 $930 - $252.6 -
1981 $1,001 - $258.5 -
1980 $788 - $246.5 -
1979 $785 - $196.2 -
1978 $683 - $180.3 -
1977 $600 - $178.7 -
1976 $520 - $169.1 -
1975 $468 - $133.6 -
1974 $418 - $113 -
1973 $257.2 - $95.1 -
1972 $261.9 - $77.3 -
1971 $233.4 - $76.8 -
1970 $221.6 - $71.5 -
1969 $207.1 - $86.1 -
1968 $195.5 - $82.4 -
1967 $176.1 - $84.2 -
1966 $159.3 - $85.7 -
1965 $147.1 - $83.6 -
1964 $135.2 - $78.5 -
1963 $122.6 - $72.4 -
1962 $116.2 - $70.4 -
1961 $108.5 - $69 -
1960 $101.8 - $70.8 -

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

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

Bolivia's GDP per capita is $4,421, ranking 125/197, compared to $2,143 in Haiti, ranking 153/197. Adjusted for purchasing power (GDP per capita PPP), Bolivia ranks 122nd at $12,878, while Haiti ranks 177th at $3,194.

Economic indicators

Bolivia Haiti
Gross domestic product
$54.9B
2024
$25.2B
2024
GDP rank
88/197
2024
117/197
2024
GDP growth
-1.12%
2023-2024
-4.17%
2023-2024
GDP per capita
$4,421
2024
$2,143
2024
GDP per capita rank
125/197
2024
153/197
2024
GDP per capita, PPP
$12,878
2024
$3,194
2024
GDP per capita PPP rank
122/197
2024
177/197
2024
Government debt
$53.8B
2024
$3.91B
2024
Debt-to-GDP ratio
98%
2024
15.5%
2024
Government debt per person
$4,331
2024
$332
2024
Government debt per person rank
88/185
2024
176/185
2024
Average annual personal income after taxes
$4,720
2026
$1,896
2026
Income share by richest 10%
31.3%
2023
31.2%
2012
Income share by poorest 10%
1.8%
2023
2.1%
2012
Government expenditure, % of GDP
39.8%
2024
5.25%
2024
Consumer prices inflation
5.1%
2023-2024
26.9%
2023-2024
Central bank interest rate
3.26%
2025
n/a
Unemployment rate
2.73%
2024
14.1%
2012
Population
12798112
12076663

Spending and national debt comparison by year

Bolivia
Spending

Debt
Haiti
Spending

Debt
1x
Year % of GDP
Bolivia Haiti
Government spending Government debt Government spending Government debt
2024 39.8% 98% 5.25% 15.5%
2023 38.7% 90.8% 6.46% 28.5%
2022 36% 80.1% 8.33% 29.5%
2021 34.8% 81.4% 9.42% 28.9%
2020 36.8% 78% 9.86% 22.3%
2019 36.1% 58.6% 9.59% 26.5%
2018 37.7% 53.1% 11.3% 24.1%
2017 38.6% 51.3% 10.2% 22.5%
2016 40% 46.5% 10.5% 24.4%
2015 44.5% 40.9% 12.7% 23.9%
2014 41.2% 37.6% 14.6% 21.4%
2013 35.4% 36.1% 15.9% 25.1%
2012 36% 35.4% 16.4% 24.1%
2011 35.4% 35.3% 14.1% 22.3%
2010 31.5% 37.6% 12.6% 24.9%
2009 33.2% 39.2% 11.6% 19.4%
2008 35.3% 36.8% 11.2% 33.9%
2007 32.7% 40% 11.1% 24.4%
2006 29.8% 54.4% 9.67% 32.2%
2005 33.2% 82.2% 8.75% 29.7%
2004 32.3% 89.8% 7.38% 30.4%
2003 32% 95.6% 7.83% 37.8%
2002 33.3% 86.7% 6.64% 32%
2001 32% 83% 6.11% 28.8%
2000 29.3% 74.3% 6.25% 32.5%
1999 29.4% 61.7% 6.91% 24.1%
1998 30% 61.2% 5.4% 24%
1997 28.3% 64.6% 5.46% 26.2%
1996 26% 72.4% - 26.2%
1995 25.8% 81.7% - 26.2%
1994 26.8% 87.6% - 35.3%
1993 27.2% 83.8% - 98%
1992 25.3% 92.4% - 118.9%
1991 24.2% 92.8% - 80.7%
1990 22.8% 102.9% - 85.1%
1989 24.4% 98% - 98.7%
1988 24% 115.9% - 90.9%
1987 24.4% 145.3% 32.4% 58.6%
1986 22.2% 149% 15.1% 26.5%
1985 21.8% 205.2% 17.4% 25.6%
1984 29% 166.5% 16.9% 27.3%
1983 32.1% 157.3% 21.9% 28.9%
1982 25% 155.4% 20.7% 25.5%
1981 16.6% 121.7% 17.4% 23.7%
1980 19.8% 100% 17.2% 20.3%
1979 18% 92% 13.1% 19.8%
1978 17.3% 82.5% 18.9% 20.1%
1977 18.6% 82.4% 16.7% 18.5%
1976 16.8% 68.9% 13.4% 14.9%
1975 14.4% 56.2% 12.8% 14.2%
1974 14.2% 52.7% 9.24% 13.3%
1973 14.1% 80.9% 9.4% 8.92%
1972 11.8% 77.7% 11.2% 11.1%
1971 11.3% 65.7% 11.2% 11%
1970 10% 63.9% 11.4% 12.5%
1969 12.3% - 10.1% -
1968 14.1% - 10.3% -
1967 13.1% - 7.52% -
1966 12.9% - 7.2% -
1965 12.9% - 7.91% -
1964 10.8% - - -
1963 10.8% - 8.95% -
1962 10.2% - - -
1961 10.7% - - -
1960 10.1% - 7.34% 21.6%

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/haiti | CC BY

In 2024, Bolivia's government spending was $21.9B, accounting for 39.8% of its GDP, while Haiti spent $1.32B, or 5.25% of GDP.

Debt-to-GDP ratio is 98% in Bolivia and 15.5% in Haiti, ranking 26/185 and 177/185, respectively.

Government deficit by year

Deficit/surplus
Bolivia

Haiti
1x
Year Deficit/surplus, % of GDP
Bolivia Haiti
2024 -10.6% 6.96%
2023 -10.9% 0.77%
2022 -7.12% -1.75%
2021 -9.33% -2.45%
2020 -12.7% -1.96%
2019 -7.25% -1.99%
2018 -8.17% -1.13%
2017 -7.86% -0.32%
2016 -7.24% 0.12%
2015 -6.93% -1.47%
2014 -3.41% -3.64%
2013 0.6% -3.98%
2012 1.72% -2.71%
2011 0.83% -1.43%
2010 1.62% -1.5%
2009 2.63% -2%
2008 3.53% -1.8%
2007 -1.54% -1.55%
2006 4.47% -0.91%
2005 -2.24% -0.83%
2004 -5.54% -1.34%
2003 -7.88% -2.24%
2002 -8.79% -1.8%
2001 -6.82% -1.55%
2000 -3.73% -1.36%
1999 -3.84% -1.54%
1998 -5.1% 0.21%
1997 -3.28% 0.37%
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% -4.94%
1986 -2.7% -1.4%
1985 -9.8% -0.97%
1984 -25.4% -3.52%
1983 -19.8% -5.72%
1982 -15.9% -3.93%
1981 -12.3% -4.38%
1980 -15.3% -5.68%
1979 -11.2% -2.21%
1978 -9.97% -3.24%
1977 -11.2% -2.85%
1976 -1.15% -1.16%
1975 -2.33% -1.73%
1974 -1.87% 0.23%
1973 -3.72% 0.03%
1972 -3.69% 0.24%
1971 -3.67% -0.08%
1970 -1.92% -0.19%
1969 -4.16% -0.39%
1968 -5.67% -0.46%
1967 -4.29% 0%
1966 -3.55% 0%
1965 -4.12% 0%
1964 -2.68% -
1963 -3.02% 0%
1962 -2.8% -
1961 -2.81% -
1960 -3.35% 0.006%
1959 -4.32% -1.11%
1958 -2.95% -2.21%
1957 -1.11% 0.28%
1956 -0.11% -2.18%
1955 0.33% -0.86%
1954 0.006% -0.81%
1953 -0.48% -1.01%
1952 -0.94% -
1951 -0.42% -
1950 -1.17% -
1949 - -0.12%
1948 - 0.21%
1947 - 1.06%
1946 - 0.51%
1945 - 0.47%
1944 - -
1943 - -
1942 - -
1941 - -0.21%
1940 - 0.13%
1939 - -0.16%
1938 - 0.15%
1937 - -0.08%
1936 - -0.06%
1935 - -0.2%
1934 - -1.23%
1933 - 0%
1932 - 0.4%
1931 - -0.49%
1930 - -0.52%
1929 - -0.32%
1928 - -0.25%
1927 - 0.73%
1926 - -0.45%
1925 - 0.05%
1924 - -0.14%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1924–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/bolivia/haiti | 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 Haiti's surplus of $1.76B, or 6.96% of GDP.

Over the past 65 years, Bolivia recorded a fiscal deficit in 58 of those years, while Haiti ran a deficit in 40 years. On average, Bolivia posted an annual deficit equal to 5.52% of GDP, compared to deficit of 1.42% of GDP for Haiti.

Inflation comparison by year

Inflation
Bolivia

Haiti
1x
Year Consumer prices inflation
Bolivia Haiti
2024 5.1% 26.9%
2023 2.58% 36.8%
2022 1.75% 34%
2021 0.74% 16.8%
2020 0.94% 22.8%
2019 1.84% 18.7%
2018 2.27% 12.5%
2017 2.82% 10.7%
2016 3.62% 11.5%
2015 4.06% 6.73%
2014 5.77% 3.44%
2013 5.74% 4.77%
2012 4.52% 5.02%
2011 9.88% 6.33%
2010 2.5% 4.83%
2009 3.35% 0.39%
2008 14% 15.3%
2007 8.71% 6.56%
2006 4.28% 11.3%
2005 5.39% 14%
2004 4.44% 21%
2003 3.34% 28.7%
2002 0.93% 7.03%
2001 1.59% 13.3%
2000 4.61% 9.33%
1999 2.16% 3%
1998 7.67% 5.27%
1997 4.71% 20.6%

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

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

Over the past 28 years, Bolivia has recorded an average annual inflation rate of 4.26%, compared with 13.5% in Haiti. In 2024, inflation was 5.1% in Bolivia and 26.9% in Haiti.

Top exports between countries

Bolivia
Export category Export value
Wood & paper products $41K
Machinery & equipment $4K
Metals $1K
Miscellaneous $1K
Haiti
Export category Export value
Machinery & equipment $1K

Balance of trade

Bolivia Haiti
Current account balance
-$1.41B
2024
-$145M
2024
Current account balance ranking
132/190
2024
92/190
2024
Current account balance, % of GDP
-2.56%
2024
-0.58%
2024
Goods imports
$9.15B
2024
$4.27B
2024
Goods exports
$8.93B
2024
$767M
2024
Service imports
$2.35B
2024
$518M
2024
Service exports
$1.14B
2024
$96.6M
2024
Imports of goods and services, % of GDP
25.5%
2024
18.8%
2024
Exports of goods and services, % of GDP
21.4%
2024
3.4%
2024

Economic freedom indices

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

Bolivia Haiti
Economic freedom 42.4 46.1
Economic freedom ranking 184/197 178/197
Property rights 20.2 6.6
Government integrity 27.1 13
Judicial effectiveness 29.5 17.3
Tax burden 86.4 81.7
Government spending 56.3 98.7
Fiscal health 0.8 99.5
Business freedom 53.6 30.7
Labor freedom 52.2 54.7
Monetary freedom 67.1 45.1
Trade freedom 60.6 66.4
Investment freedom 15 20
Financial freedom 40 20

Economic freedom comparison by year

Bolivia
Haiti
1x
Year Economic freedom index
Bolivia Haiti
2026 42.4 46.1
2025 44.1 46.1
2024 43.5 48.2
2023 43.4 49.9
2022 43 50
2021 42.7 50.8
2020 42.8 52.3
2019 42.3 52.7
2018 44.1 55.8
2017 47.7 49.6
2016 47.4 51.3
2015 46.8 51.3
2014 48.4 48.9
2013 47.9 48.1
2012 50.2 50.7
2011 50 52.1
2010 49.4 50.8
2009 53.6 50.5
2008 53.1 49
2007 54.2 51.4
2006 57.8 49.2
2005 58.4 48.4
2004 64.5 51.2
2003 64.3 50.6
2002 65.1 47.9
2001 68 47.1
2000 65 45.7
1999 65.6 45.9
1998 68.8 45.7
1997 65.1 45.8
1996 65.2 41
1995 56.8 43

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

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

The Economic Freedom Index for Bolivia is 42.4, ranking 184/197, compared to 46.1 for Haiti, ranking 178/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bolivia Haiti
Services, % of GDP
53.4%
2024
48.3%
2024
Industry, % of GDP
31.3%
2024
33.4%
2024
Agriculture, forestry, and fishing, % of GDP
8.83%
2024
15.9%
2024
GNI, Atlas method
$51.7B
2024
$20.7B
2024
GNI per capita, PPP
$12,620
2024
$3,190
2024
Total reserves including gold
$1.98B
2024
$2.72B
2024
Total reserves ranking
127/177
2024
121/177
2024
Net foreign direct investment
-$113M
2024
-$20M
2024
Net inflows of foreign direct investment
$387M
2024
$20M
2024
Net outflows of foreign direct investment
$133M
2024
$0
2024
Servicing debt to the IMF, % of GNI
3.41%
2024
2.15%
2024
Poverty at national poverty lines
36.5%
2023
58.5%
2012
Gross capital formation, % of GDP
17.9%
2024
9.94%
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/haiti | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1924–1999, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, 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 (2017–2023, 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.