Bolivia vs Iceland: Economic Indicators Comparison

Bolivia with a GDP of $40.3B ranked the 96th largest economy in the world, while Iceland ranked 108th with $25.9B. By GDP 5-years average growth and GDP per capita, Bolivia and Iceland ranked 43rd vs 47th and 126th vs 8th, respectively.

Gross Domestic Product & Income

StatBoliviaIceland
GDP$40.3B$25.9B
GDP growth, 1 year4.3%4.6%
GDP growth, 5-years average4.6%4.5%
Population11.1M357k
GDP per capita$3.5k$73k
GDP per capita growth2.75%1.6%
Purchasing Power Parity conversion factor3.11138.33
Price level ratio of PPP conversion factor GDP to market exchange rate0.451.28
GDP per capita, PPP adjusted$7.5k$56k
GNI, Atlas method$38.2B$24B
GNI per capita$3.4k$68k
GNI, PPP adjusted$87.1B$19.5B
GNI per capita, PPP adjusted$7.7k$55k

Financial system and Human development

StatBoliviaIceland
Income Tax Rate13%31.8%
Corporate Tax Rate25%20%
Inflation, consumer prices2.3%2.7%
Inflation, GDP deflator3.1%2.4%
Unemployment3.3%2.9%
Economic Freedom Index42.877.1
Personal Freedom Index7.469.27
Human Freedom Index6.758.22
Property Rights Index20.187.6
Judical Effectiveness Index11.263.2
Business Freedom Index58.384.7
Fiscal Health Index14.297.5
Labor Freedom Index52.963.5
Investment Freedom Index1585
Financial Freedom Index4070
Trade Freedom Index67.886.8
Monetary Freedom Index69.980.3
Government Spending Index54.244.1
Tax Burden Index86.371.7
Government Integrity Index23.190.3
Corruption Perceptions Index2976
Life expectancy at birth, years70.982.2
Suicide mortality rate, per 100,000 people12.214
Mortality caused by road traffic injury, per 100,000 people15.56.6
Intentional homicides, per 100,000 people6.30.9
International tourism, number of arrivals1.1M2.3M

Government debt & reserves

StatBoliviaIceland
Central government debt, % of GDP53.9%35.4%
External debt stocks, % of GNI33.8%N/A
External debt stocks$13.3BN/A
Short-term debt, % of total reserves7.9%N/A
Total debt service, % of exports and primary income9.6%N/A
Adjusted net savings including particulate emission damage, % of GNI0.8%16.6%
Gross savings, % of GDP16%21.2%
Gross capital formation, % of GDP20.6%22.6%
Total reserves including gold$8.9B$6.3B
Foreign direct investment net inflows$255.1M-$434.6M

Exports, imports and economic structure

StatBoliviaIceland
Exports of goods and services, % of GDP26%47.2%
Imports of goods and services, % of GDP31.1%44.1%
Current account balance (balance of payments)-$2B$731.3M
Revenue excluding grants, % of GDP23.3%31%
Grants excluding technical cooperation, BoP$236.7MN/A
Personal remittances received$1.4B$168.9M
Industry including construction value added, % of GDP26.2%19.6%
Agriculture, forestry and fishing value added, % of GDP11.5%4.6%
Charges for the use of intellectual property, payments BoP$83.3M$143.4M
Charges for the use of intellectual property, receipts BoP$26.3M$241.7M
Expense, % of GDP21.8%30.8%
Government Expenditure, % of GDP39.1%43.2%

Compare with countries close by GDP per capita

Bolivia vs

CountryGDP
per capita
Population
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Cape Verde
$3.6k
546k
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
808k
Morocco
$3.2k
36M
Moldova
$3.2k
2.55M
Palestine
$3.2k
4.68M
Vanuatu
$3.1k
276k
Philippines
$3.1k
105M
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Papua New Guinea
$2.7k
8.25M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M
Laos
$2.5k
6.86M
Honduras
$2.5k
9.27M

Iceland vs

CountryGDP
per capita
Population
Monaco
$186k
38.7k
Liechtenstein
$165k
37.9k
Luxembourg
$117k
626k
Switzerland
$83k
8.47M
Norway
$82k
5.37M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Qatar
$69k
2.64M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k