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Economy of Bolivia vs Hungary compared: GDP & Debt

Updated on by Georank

Bolivia has a GDP of $64.8B compared to $246B for Hungary, ranking 88/197 and 55/197 by economy size, respectively.

Bolivia has $54.9B in government debt (84.8% of GDP), compared to $185B (75.2% of GDP) in Hungary.

Bolivia vs Hungary GDP by year

Bolivia
Hungary
1x
Year GDP, current $
Bolivia Hungary
2025 $64,768,947,525 $246,490,213,513
2024 $54,881,327,453 $222,848,211,034
2023 $52,340,206,946 $213,029,511,029
2022 $50,959,081,954 $177,002,580,544
2021 $47,877,892,402 $183,282,685,440
2020 $42,313,784,081 $158,468,487,754
2019 $49,056,643,589 $164,936,682,034
2018 $48,414,038,842 $161,184,691,014
2017 $45,927,439,595 $143,335,098,992
2016 $33,941,126,194 $128,983,560,865
2015 $33,000,198,249 $125,244,126,623
2014 $32,996,188,017 $141,128,696,412
2013 $30,659,338,886 $135,646,053,779
2012 $27,084,497,482 $128,470,269,690
2011 $23,963,164,697 $141,712,804,954
2010 $19,649,723,722 $131,898,737,241
2009 $17,339,992,194 $130,807,441,076
2008 $16,674,276,286 $158,228,265,916
2007 $13,120,108,008 $140,123,326,896
2006 $11,451,844,902 $115,604,111,412
2005 $9,549,122,905 $113,098,237,571
2004 $8,773,451,752 $104,015,363,080
2003 $8,082,399,640 $85,190,469,121
2002 $7,905,485,146 $67,636,468,625
2001 $8,141,516,928 $53,800,068,066
2000 $8,397,855,485 $47,275,954,429
1999 $8,285,064,435 $49,160,204,397
1998 $8,497,494,652 $48,784,412,624
1997 $7,925,736,821 $47,398,564,799
1996 $7,396,949,126 $46,833,767,124
1995 $6,715,161,732 $46,577,614,589
1994 $5,981,222,859 $43,307,949,890
1993 $5,734,699,489 $40,256,233,360
1992 $5,643,868,749 $38,857,339,125
1991 $5,343,262,457 $34,867,307,353
1990 $4,867,582,598 $34,478,360,679
1989 $4,715,973,437 $30,422,508,938
1988 $4,597,612,362 $29,799,838,597
1987 $4,347,956,338 $27,232,016,527
1986 $3,959,382,833 $24,778,163,812
1985 $5,377,276,555 $21,510,643,750
1984 $6,169,483,225 $21,242,726,264
1983 $5,422,656,823 $21,910,365,258
1982 $5,594,126,369 $24,141,667,188
1981 $5,891,598,695 $23,705,883,892
1980 $4,537,479,608 $23,116,977,148
1979 $4,421,336,383 $19,959,731,325
1978 $3,758,220,890 $17,286,744,154
1977 $3,227,436,282 $14,783,674,055
1976 $2,731,984,008 $13,235,612,079
1975 $2,404,697,651 $11,420,392,515
1974 $2,100,249,875 $10,016,338,179
1973 $1,262,968,516 $9,138,292,402
1972 $1,257,615,645 $7,379,313,742
1971 $1,095,622,896 $6,291,568,221
1970 $1,017,003,367 $5,780,929,203
1969 $929,629,630 $5,429,812,387
1968 $857,912,458 $4,886,222,555
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 (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Bolivia vs Hungary by year

Bolivia
GDP per capita

GDP per capita, PPP
Hungary
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bolivia Hungary
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $5,148 - $25,907 -
2024 $4,421 $12,878 $23,305 $48,552
2023 $4,275 $12,892 $22,209 $46,592
2022 $4,219 $12,307 $18,428 $44,366
2021 $4,011 $11,202 $19,031 $38,887
2020 $3,581 $9,581 $16,387 $35,584
2019 $4,203 $11,005 $17,013 $35,627
2018 $4,207 $10,758 $16,605 $32,258
2017 $4,048 $10,420 $14,736 $29,728
2016 $3,036 $9,242 $13,216 $28,179
2015 $2,996 $8,757 $12,783 $26,938
2014 $3,041 $8,629 $14,353 $25,796
2013 $2,870 $8,069 $13,739 $24,592
2012 $2,576 $7,184 $12,950 $23,205
2011 $2,316 $6,598 $14,211 $22,992
2010 $1,930 $6,245 $13,190 $21,691
2009 $1,731 $6,024 $13,051 $20,691
2008 $1,693 $5,890 $15,763 $20,709
2007 $1,355 $5,537 $13,935 $19,089
2006 $1,203 $5,244 $11,478 $18,362
2005 $1,020 $4,938 $11,212 $17,091
2004 $953 $4,663 $10,291 $16,251
2003 $893 $4,433 $8,410 $15,460
2002 $888 $4,304 $6,658 $14,532
2001 $930 $4,205 $5,281 $13,223
2000 $976 $4,113 $4,630 $11,872
1999 $979 $3,991 $4,802 $10,892
1998 $1,022 $3,988 $4,752 $10,415
1997 $970 $3,822 $4,606 $9,846
1996 $922 $3,645 $4,542 $9,388
1995 $853 $3,494 $4,509 $9,222
1994 $774 $3,331 $4,187 $8,888
1993 $757 $3,177 $3,887 $8,441
1992 $760 $3,036 $3,747 $8,284
1991 $734 $2,981 $3,361 $8,352
1990 $683 $2,797 $3,324 $9,169
1989 $675 - $2,902 -
1988 $673 - $2,812 -
1987 $650 - $2,566 -
1986 $604 - $2,331 -
1985 $838 - $2,020 -
1984 $982 - $1,991 -
1983 $882 - $2,050 -
1982 $930 - $2,255 -
1981 $1,001 - $2,213 -
1980 $788 - $2,158 -
1979 $785 - $1,865 -
1978 $683 - $1,618 -
1977 $600 - $1,388 -
1976 $520 - $1,249 -
1975 $468 - $1,083 -
1974 $418 - $956 -
1973 $257.2 - $876 -
1972 $261.9 - $710 -
1971 $233.4 - $607 -
1970 $221.6 - $559 -
1969 $207.1 - $527 -
1968 $195.5 - $476 -
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 (1960–2025, retrieved 2026-07-08).

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

Bolivia's GDP per capita is $5,148, ranking 121/197, compared to $25,907 in Hungary, ranking 52/197. Adjusted for purchasing power (GDP per capita PPP), Bolivia ranks 122nd at $12,878, while Hungary ranks 48th at $48,552.

Economic indicators

Bolivia Hungary
Gross domestic product
$64.8B
2025
$246B
2025
GDP rank
88/197
2025
55/197
2025
GDP growth
-1.58%
2024-2025
0.51%
2024-2025
GDP per capita
$5,148
2025
$25,907
2025
GDP per capita rank
121/197
2025
52/197
2025
GDP per capita, PPP
$12,878
2024
$48,552
2024
GDP per capita PPP rank
122/197
2024
48/197
2024
Government debt
$54.9B
2025
$185B
2025
Debt-to-GDP ratio
84.8%
2025
75.2%
2025
Government debt per person
$4,364
2025
$19,473
2025
Government debt per person rank
93/185
2025
33/185
2025
Average annual personal income after taxes
$4,410
2026
$18,331
2026
Market capitalization of domestic companies n/a
$62.6B
2025
Number of millionaires n/a
27,000
2026
Number of billionaires n/a
4
2026
Income share by richest 10%
30.6%
2024
24.4%
2022
Income share by poorest 10%
1.9%
2024
2.8%
2022
Government expenditure, % of GDP
32.2%
2025
47.5%
2025
Consumer prices inflation
19.5%
2024-2025
4.41%
2024-2025
Central bank interest rate
3.26%
2025
6.25%
2026
Unemployment rate
2.73%
2024
4.4%
2025
Population
12837312
9454659

Spending and national debt comparison by year

Bolivia
Spending

Debt
Hungary
Spending

Debt
1x
Year % of GDP
Bolivia Hungary
Government spending Government debt Government spending Government debt
2025 32.2% 84.8% 47.5% 75.2%
2024 33.5% 83.2% 46.9% 73.5%
2023 33.5% 78.3% 49.3% 73.2%
2022 31.2% 69.2% 48.9% 74.1%
2021 29.4% 68.7% 48.1% 76.2%
2020 31.9% 67.5% 51% 78.7%
2019 30.1% 48.9% 45.8% 65%
2018 31.4% 44.2% 45.9% 68.8%
2017 31.6% 41.9% 46.6% 72%
2016 32.9% 38.2% 46.7% 74.6%
2015 37% 34% 50.4% 75.7%
2014 34.9% 31.8% 50% 76.5%
2013 30.4% 31% 50.1% 77.2%
2012 31.3% 30.7% 49.2% 78.4%
2011 30.6% 30.5% 49.1% 80.5%
2010 27.5% 32.8% 48.9% 80.2%
2009 28.9% 34.1% 50.7% 78.2%
2008 31.1% 32.4% 48.8% 71.8%
2007 28.9% 35.5% 49.9% 65.6%
2006 26.6% 48.6% 51.4% 64.5%
2005 29.5% 73.2% 49.4% 60.6%
2004 29% 80.6% 48.8% 58.9%
2003 28.6% 85.5% 49.2% 58.2%
2002 29.6% 77.2% 51% 55.6%
2001 28.6% 74.4% 47.2% 52.2%
2000 26.2% 66.5% 47.3% 55.6%
1999 26.3% 61.7% 48.9% 60.3%
1998 26.8% 61.2% 50.7% 60.4%
1997 25.3% 64.6% 49.5% 62.2%
1996 23.3% 72.4% 50.9% 71.2%
1995 23.1% 81.7% 55% 83.9%
1994 23.9% 87.6% - 86.2%
1993 24.3% 83.8% - 87.2%
1992 22.6% 92.4% - 76.5%
1991 21.6% 92.8% - 74.2%
1990 20.4% 102.9% - 63.7%
1989 24.4% 98% - 70.7%
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08).

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

In 2025, Bolivia's government spending was $20.8B, accounting for 32.2% of its GDP, while Hungary spent $117B, or 47.5% of GDP.

Debt-to-GDP ratio is 84.8% in Bolivia and 75.2% in Hungary, ranking 36/185 and 50/185, respectively.

Government deficit by year

Deficit/surplus
Bolivia

Hungary
1x
Year Deficit/surplus, % of GDP
Bolivia Hungary
2025 -11.6% -4.68%
2024 -8.7% -4.9%
2023 -9.46% -6.77%
2022 -6.15% -6.19%
2021 -7.87% -7.11%
2020 -11% -7.49%
2019 -6.04% -2.02%
2018 -6.8% -2.05%
2017 -6.42% -2.45%
2016 -5.95% -1.79%
2015 -5.76% -2%
2014 -2.88% -2.77%
2013 0.51% -2.6%
2012 1.49% -2.33%
2011 0.72% -5.22%
2010 1.42% -4.44%
2009 2.29% -4.76%
2008 3.1% -3.78%
2007 -1.37% -5.09%
2006 3.99% -9.27%
2005 -2% -7.79%
2004 -4.97% -6.6%
2003 -7.04% -7.19%
2002 -7.82% -8.79%
2001 -6.11% -4%
2000 -3.34% -3.04%
1999 -3.43% -5.27%
1998 -4.56% -7.41%
1997 -2.94% -5.54%
1996 -1.7% -4.36%
1995 -1.63% -8.57%
1994 -2.68% -
1993 -5.46% -
1992 -3.94% -
1991 -3.76% -
1990 -3.94% -
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% -
1949 - -
1948 - -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -0.17%
1942 - 0.31%
1941 - 0.2%
1940 - -0.07%
1939 - 0.19%
1938 - -0.11%
1937 - -0.01%
1936 - 0.08%
1935 - 0.03%
1934 - 0.04%
1933 - -0.03%
1932 - -0.22%
1931 - -0.32%
1930 - -0.26%
1929 - 0.02%
1928 - 0.12%
1927 - 0.15%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1927–1989, retrieved 2026-07-08).

GeoRank.org/economy/bolivia/hungary | 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 Hungary's deficit of $11.5B, or 4.68% of GDP.

Over the past 31 years, Bolivia recorded a fiscal deficit in 24 of those years, while Hungary ran a deficit in 31 years. On average, Bolivia posted an annual deficit equal to 3.94% of GDP, compared to deficit of 5.04% of GDP for Hungary.

Inflation comparison by year

Inflation
Bolivia

Hungary
1x
Year Consumer prices inflation
Bolivia Hungary
2025 19.5% 4.41%
2024 5.1% 3.7%
2023 2.58% 17.1%
2022 1.75% 14.6%
2021 0.74% 5.11%
2020 0.94% 3.33%
2019 1.84% 3.34%
2018 2.27% 2.85%
2017 2.82% 2.35%
2016 3.62% 0.39%
2015 4.06% -0.06%
2014 5.77% -0.23%
2013 5.74% 1.73%
2012 4.52% 5.65%
2011 9.88% 3.93%
2010 2.5% 4.86%
2009 3.35% 4.21%
2008 14% 6.04%
2007 8.71% 7.96%
2006 4.28% 3.93%
2005 5.39% 3.56%
2004 4.44% 6.74%
2003 3.34% 4.66%
2002 0.93% 5.27%
2001 1.59% 9.12%
2000 4.61% 9.8%
1999 2.16% 10%
1998 7.67% 14.2%
1997 4.71% 18.3%

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

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

Over the past 29 years, Bolivia has recorded an average annual inflation rate of 4.79%, compared with 6.1% in Hungary. In 2025, inflation was 19.5% in Bolivia and 4.41% in Hungary.

Top exports between countries

Bolivia
Export category Export value
Machinery & equipment $14K
Metals $7K
Textiles & consumer goods $2K
Hungary
Export category Export value
Processed food, beverages & tobacco $806K
Machinery & equipment $727K
Textiles & consumer goods $227K
Chemicals & pharma $96K
Raw materials & minerals $53K
Raw agricultural goods $49K
Wood & paper products $7K
Miscellaneous $3K
Metals $2K

Balance of trade

Bolivia Hungary
Current account balance
-$1.22B
2025
$4.08B
2025
Current account balance ranking
124/190
2025
34/190
2025
Current account balance, % of GDP
-1.88%
2025
+1.65%
2025
Goods imports
$9.23B
2025
$139B
2025
Goods exports
$9.56B
2025
$136B
2025
Service imports
$2.25B
2025
$29.8B
2025
Service exports
$1.21B
2025
$43.1B
2025
Imports of goods and services, % of GDP
25.5%
2024
68.1%
2025
Exports of goods and services, % of GDP
21.4%
2024
72.6%
2025

Economic freedom indices

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

Bolivia Hungary
Economic freedom 42.4 62.5
Economic freedom ranking 184/197 86/197
Property rights 20.2 67.3
Government integrity 27.1 44
Judicial effectiveness 29.5 61.9
Tax burden 86.4 85.1
Government spending 56.3 30.2
Fiscal health 0.8 32.7
Business freedom 53.6 70.8
Labor freedom 52.2 56.5
Monetary freedom 67.1 72.1
Trade freedom 60.6 79.4
Investment freedom 15 80
Financial freedom 40 70

Economic freedom comparison by year

Bolivia
Hungary
1x
Year Economic freedom index
Bolivia Hungary
2026 42.4 62.5
2025 44.1 61.4
2024 43.5 61.2
2023 43.4 64.1
2022 43 66.9
2021 42.7 67.2
2020 42.8 66.4
2019 42.3 65
2018 44.1 66.7
2017 47.7 65.8
2016 47.4 66
2015 46.8 66.8
2014 48.4 67
2013 47.9 67.3
2012 50.2 67.1
2011 50 66.6
2010 49.4 66.1
2009 53.6 66.8
2008 53.1 67.6
2007 54.2 64.8
2006 57.8 65
2005 58.4 63.5
2004 64.5 62.7
2003 64.3 63
2002 65.1 64.5
2001 68 65.6
2000 65 64.4
1999 65.6 59.6
1998 68.8 56.9
1997 65.1 55.3
1996 65.2 56.8
1995 56.8 55.2

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

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

The Economic Freedom Index for Bolivia is 42.4, ranking 184/197, compared to 62.5 for Hungary, ranking 86/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bolivia Hungary
Services, % of GDP
53.4%
2024
60.1%
2025
Industry, % of GDP
31.3%
2024
23%
2025
Agriculture, forestry, and fishing, % of GDP
8.83%
2024
2.65%
2025
GNI, Atlas method
$55.6B
2025
$227B
2025
GNI per capita, PPP
$12,530
2025
$48,630
2025
Total reserves including gold
$580M
2025
$59.1B
2025
Total reserves ranking
155/177
2025
42/177
2025
Net foreign direct investment
-$464M
2025
$9.1B
2025
Net inflows of foreign direct investment
$358M
2024
-$61.3B
2024
Net outflows of foreign direct investment
$133M
2024
-$76.3B
2024
Servicing debt to the IMF, % of GNI
3.41%
2024
n/a
Poverty at national poverty lines
37.7%
2024
12.1%
2021
Gross capital formation, % of GDP
17.9%
2024
22.2%
2025

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/hungary | 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 (1927–1999, 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 (2022–2025, 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.