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Economy of Bolivia vs Indonesia compared: GDP & Debt

Updated on by Georank

Bolivia has a GDP of $64.8B compared to $1.45T for Indonesia, ranking 88/197 and 17/197 by economy size, respectively.

Bolivia has $54.9B in government debt (84.8% of GDP), compared to $593B (41% of GDP) in Indonesia.

Bolivia vs Indonesia GDP by year

Bolivia
Indonesia
1x
Year GDP, current $
Bolivia Indonesia
2025 $64,768,947,525 $1,445,642,584,164
2024 $54,881,327,453 $1,396,301,788,462
2023 $52,340,206,946 $1,371,166,925,750
2022 $50,959,081,954 $1,319,101,183,380
2021 $47,877,892,402 $1,186,509,691,087
2020 $42,313,784,081 $1,059,054,842,698
2019 $49,056,643,589 $1,119,099,871,350
2018 $48,414,038,842 $1,042,271,532,989
2017 $45,927,439,595 $1,015,618,744,160
2016 $33,941,126,194 $931,877,364,038
2015 $33,000,198,249 $860,854,232,686
2014 $32,996,188,017 $890,814,755,534
2013 $30,659,338,886 $912,524,136,718
2012 $27,084,497,482 $917,869,913,333
2011 $23,963,164,697 $892,969,104,563
2010 $19,649,723,722 $755,094,157,622
2009 $17,339,992,194 $539,580,085,612
2008 $16,674,276,286 $510,228,634,992
2007 $13,120,108,008 $432,216,737,775
2006 $11,451,844,902 $364,570,515,618
2005 $9,549,122,905 $285,868,619,196
2004 $8,773,451,752 $256,836,875,295
2003 $8,082,399,640 $234,772,463,824
2002 $7,905,485,146 $195,660,611,165
2001 $8,141,516,928 $160,446,947,785
2000 $8,397,855,485 $165,021,012,078
1999 $8,285,064,435 $140,001,351,215
1998 $8,497,494,652 $95,445,547,873
1997 $7,925,736,821 $215,748,998,610
1996 $7,396,949,126 $227,369,679,375
1995 $6,715,161,732 $202,132,028,723
1994 $5,981,222,859 $176,892,143,932
1993 $5,734,699,489 $158,006,700,302
1992 $5,643,868,749 $128,026,966,580
1991 $5,343,262,457 $116,621,996,217
1990 $4,867,582,598 $106,140,727,334
1989 $4,715,973,437 $94,451,427,877
1988 $4,597,612,362 $84,300,174,486
1987 $4,347,956,338 $75,929,617,558
1986 $3,959,382,833 $79,954,072,545
1985 $5,377,276,555 $85,289,488,375
1984 $6,169,483,225 $84,853,700,028
1983 $5,422,656,823 $81,052,283,384
1982 $5,594,126,369 $90,158,449,295
1981 $5,891,598,695 $85,518,233,419
1980 $4,537,479,608 $72,482,337,397
1979 $4,421,336,383 $51,400,186,343
1978 $3,758,220,890 $51,455,719,076
1977 $3,227,436,282 $45,808,915,663
1976 $2,731,984,008 $37,269,156,627
1975 $2,404,697,651 $30,463,855,422
1974 $2,100,249,875 $25,802,409,639
1973 $1,262,968,516 $16,273,253,012
1972 $1,257,615,645 $10,997,590,361
1971 $1,095,622,896 $9,333,536,370
1970 $1,017,003,367 $9,150,684,932
1969 $929,629,630 $8,337,423,313
1968 $857,912,458 $7,076,465,300
1967 $755,808,081 $5,667,756,628
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/indonesia | CC BY

GDP per capita in Bolivia vs Indonesia by year

Bolivia
GDP per capita

GDP per capita, PPP
Indonesia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bolivia Indonesia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $5,148 - $5,060 -
2024 $4,421 $12,878 $4,925 $16,448
2023 $4,275 $12,892 $4,876 $15,416
2022 $4,219 $12,307 $4,731 $14,285
2021 $4,011 $11,202 $4,287 $12,757
2020 $3,581 $9,581 $3,854 $11,729
2019 $4,203 $11,005 $4,107 $11,986
2018 $4,207 $10,758 $3,861 $11,372
2017 $4,048 $10,420 $3,799 $10,688
2016 $3,036 $9,242 $3,521 $10,263
2015 $2,996 $8,757 $3,288 $10,028
2014 $3,041 $8,629 $3,441 $10,065
2013 $2,870 $8,069 $3,567 $9,866
2012 $2,576 $7,184 $3,632 $9,530
2011 $2,316 $6,598 $3,579 $8,937
2010 $1,930 $6,245 $3,066 $8,353
2009 $1,731 $6,024 $2,218 $7,868
2008 $1,693 $5,890 $2,125 $7,569
2007 $1,355 $5,537 $1,823 $7,096
2006 $1,203 $5,244 $1,558 $6,583
2005 $1,020 $4,938 $1,238 $6,134
2004 $953 $4,663 $1,127 $5,700
2003 $893 $4,433 $1,043 $5,353
2002 $888 $4,304 $881 $5,076
2001 $930 $4,205 $732 $4,849
2000 $976 $4,113 $764 $4,639
1999 $979 $3,991 $657 $4,386
1998 $1,022 $3,988 $455 $4,356
1997 $970 $3,822 $1,045 $5,037
1996 $922 $3,645 $1,119 $4,807
1995 $853 $3,494 $1,011 $4,451
1994 $774 $3,331 $900 $4,096
1993 $757 $3,177 $817 $3,793
1992 $760 $3,036 $674 $3,538
1991 $734 $2,981 $624 $3,305
1990 $683 $2,797 $578 $3,044
1989 $675 - $524 -
1988 $673 - $477 -
1987 $650 - $438 -
1986 $604 - $470 -
1985 $838 - $511 -
1984 $982 - $520 -
1983 $882 - $508 -
1982 $930 - $578 -
1981 $1,001 - $561 -
1980 $788 - $487 -
1979 $785 - $353 -
1978 $683 - $362 -
1977 $600 - $331 -
1976 $520 - $275.7 -
1975 $468 - $231.1 -
1974 $418 - $200.7 -
1973 $257.2 - $129.9 -
1972 $261.9 - $90.1 -
1971 $233.4 - $78.5 -
1970 $221.6 - $79.1 -
1969 $207.1 - $74.1 -
1968 $195.5 - $64.7 -
1967 $176.1 - $53.2 -
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/indonesia | CC BY

Bolivia's GDP per capita is $5,148, ranking 121/197, compared to $5,060 in Indonesia, ranking 123/197. Adjusted for purchasing power (GDP per capita PPP), Bolivia ranks 122nd at $12,878, while Indonesia ranks 107th at $16,448.

Economic indicators

Bolivia Indonesia
Gross domestic product
$64.8B
2025
$1.45T
2025
GDP rank
88/197
2025
17/197
2025
GDP growth
-1.58%
2024-2025
5.11%
2024-2025
GDP per capita
$5,148
2025
$5,060
2025
GDP per capita rank
121/197
2025
123/197
2025
GDP per capita, PPP
$12,878
2024
$16,448
2024
GDP per capita PPP rank
122/197
2024
107/197
2024
Government debt
$54.9B
2025
$593B
2025
Debt-to-GDP ratio
84.8%
2025
41%
2025
Government debt per person
$4,364
2025
$2,076
2025
Government debt per person rank
93/185
2025
119/185
2025
Average annual personal income after taxes
$4,410
2026
$3,470
2026
Market capitalization of domestic companies n/a
$950B
2025
Number of millionaires n/a
178,605
2024
Number of billionaires n/a
33
2026
Income share by richest 10%
30.6%
2024
28.7%
2025
Income share by poorest 10%
1.9%
2024
3.5%
2025
Government expenditure, % of GDP
32.2%
2025
16.2%
2025
Consumer prices inflation
19.5%
2024-2025
1.91%
2024-2025
Central bank interest rate
3.26%
2025
5.5%
2026
Unemployment rate
2.73%
2024
3.31%
2023
Population
12837312
289027659

Spending and national debt comparison by year

Bolivia
Spending

Debt
Indonesia
Spending

Debt
1x
Year % of GDP
Bolivia Indonesia
Government spending Government debt Government spending Government debt
2025 32.2% 84.8% 16.2% 41%
2024 33.5% 83.2% 16.9% 40.2%
2023 33.5% 78.3% 16.6% 39.6%
2022 31.2% 69.2% 17.3% 40.1%
2021 29.4% 68.7% 18.1% 41.1%
2020 31.9% 67.5% 18.4% 39.7%
2019 30.1% 48.9% 16.4% 30.6%
2018 31.4% 44.2% 16.6% 30.4%
2017 31.6% 41.9% 16.4% 29.4%
2016 32.9% 38.2% 16.9% 28%
2015 37% 34% 17.6% 27%
2014 34.9% 31.8% 18.4% 24.6%
2013 30.4% 31% 18.8% 24.9%
2012 31.3% 30.7% 18.8% 23%
2011 30.6% 30.5% 17.7% 23.1%
2010 27.5% 32.8% 16.9% 26.4%
2009 28.9% 34.1% 17% 26.5%
2008 31.1% 32.4% 19.4% 30.3%
2007 28.9% 35.5% 18.7% 38.1%
2006 26.6% 48.6% 18.4% 35.8%
2005 29.5% 73.2% 17.4% 42.6%
2004 29% 80.6% 17.8% 51.3%
2003 28.6% 85.5% 18.2% 55.6%
2002 29.6% 77.2% 16.9% 62.3%
2001 28.6% 74.4% 19.5% 73.7%
2000 26.2% 66.5% 15.3% 87.4%
1999 26.3% 61.7% 15.1% 95.9%
1998 26.8% 61.2% 15.1% 72.5%
1997 25.3% 64.6% 15.2% 26.4%
1996 23.3% 72.4% 11.5% 27.5%
1995 23.1% 81.7% 11.9% 32%
1994 23.9% 87.6% 13.5% 37%
1993 24.3% 83.8% 14.1% 40.4%
1992 22.6% 92.4% 16.8% 42.6%
1991 21.6% 92.8% 15% 39.2%
1990 20.4% 102.9% 15.8% 40.8%
1989 24.4% 98% 16.5% 42.5%
1988 24% 115.9% 17.3% 45.6%
1987 24.4% 145.3% 18% 49.7%
1986 22.2% 149% 20.9% 38.3%
1985 21.8% 205.2% 18.5% 28%
1984 29% 166.5% 16.1% 23.5%
1983 32.1% 157.3% 18.2% 23.1%
1982 25% 155.4% 18.8% 18.6%
1981 16.6% 121.7% 24.4% 16.4%
1980 19.8% 100% 22.1% 17.3%
1979 18% 92% 20.9% 22%
1978 17.3% 82.5% 20.1% 30.3%
1977 18.6% 82.4% 19.5% 27.7%
1976 16.8% 68.9% 21.8% 38.1%
1975 14.4% 56.2% 20.5% 36.7%
1974 14.2% 52.7% 17.3% 34.4%
1973 14.1% 80.9% 16.3% 43.1%
1972 11.8% 77.7% 15.7% 51.2%
1971 11.3% 65.7% 14.5% 50.5%
1970 10% 63.9% 13.8% 46.7%
1969 12.3% - 12.8% -
1968 14.1% - 8.82% -
1967 13.1% - 10.4% -
1966 12.9% - 9.18% -
1965 12.9% - 10.7% -
1964 10.8% - 9.55% -
1963 10.8% - 10.3% -
1962 10.2% - 7.89% -
1961 10.7% - 15.1% -
1960 10.1% - 14.4% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Bolivia's government spending was $20.8B, accounting for 32.2% of its GDP, while Indonesia spent $234B, or 16.2% of GDP.

Debt-to-GDP ratio is 84.8% in Bolivia and 41% in Indonesia, ranking 36/185 and 130/185, respectively.

Government deficit by year

Deficit/surplus
Bolivia

Indonesia
1x
Year Deficit/surplus, % of GDP
Bolivia Indonesia
2025 -11.6% -2.92%
2024 -8.7% -2.28%
2023 -9.46% -1.64%
2022 -6.15% -2.31%
2021 -7.87% -4.4%
2020 -11% -6.07%
2019 -6.04% -2.09%
2018 -6.8% -1.69%
2017 -6.42% -2.26%
2016 -5.95% -2.56%
2015 -5.76% -2.72%
2014 -2.88% -1.8%
2013 0.51% -1.96%
2012 1.49% -1.59%
2011 0.72% -0.7%
2010 1.42% -1.24%
2009 2.29% -1.64%
2008 3.1% 0.05%
2007 -1.37% -0.95%
2006 3.99% 0.45%
2005 -2% 0.46%
2004 -4.97% -0.26%
2003 -7.04% -1.08%
2002 -7.82% -0.58%
2001 -6.11% -1.76%
2000 -3.34% -1.87%
1999 -3.43% -0.96%
1998 -4.56% -1.89%
1997 -2.94% -1.03%
1996 -1.7% 0.96%
1995 -1.63% 0.64%
1994 -2.68% 0.005%
1993 -5.46% -0.59%
1992 -3.94% -1.54%
1991 -3.76% 0.51%
1990 -3.94% 0.97%
1989 -5.5% -1.72%
1988 -6.5% -2.68%
1987 -7.7% -0.9%
1986 -2.7% -2.94%
1985 -9.8% -0.45%
1984 -25.4% 1.83%
1983 -19.8% -1%
1982 -15.9% -1.11%
1981 -12.3% -0.69%
1980 -15.3% -0.82%
1979 -11.2% -0.67%
1978 -9.97% -2.03%
1977 -11.2% -0.38%
1976 -1.15% -2.63%
1975 -2.33% -2.33%
1974 -1.87% -0.35%
1973 -3.72% -1.33%
1972 -3.69% -1.82%
1971 -3.67% -2.51%
1970 -1.92% -3.02%
1969 -4.16% -2.8%
1968 -5.67% 0%
1967 -4.29% -0.35%
1966 -3.55% -5.06%
1965 -4.12% -6.62%
1964 -2.68% -5.58%
1963 -3.02% -5.24%
1962 -2.8% -3.1%
1961 -2.81% -4.57%
1960 -3.35% -1.65%
1959 -4.32% -4.06%
1958 -2.95% -6.67%
1957 -1.11% -2.92%
1956 -0.11% -1.38%
1955 0.33% -1.6%
1954 0.006% -3.16%
1953 -0.48% -2.33%
1952 -0.94% -3.66%
1951 -0.42% 1.52%
1950 -1.17% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1950–1992, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/bolivia/indonesia | 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 Indonesia's deficit of $42.2B, or 2.92% of GDP.

Over the past 59 years, Bolivia recorded a fiscal deficit in 52 of those years, while Indonesia ran a deficit in 49 years. On average, Bolivia posted an annual deficit equal to 5.55% of GDP, compared to deficit of 1.34% of GDP for Indonesia.

Inflation comparison by year

Inflation
Bolivia

Indonesia
1x
Year Consumer prices inflation
Bolivia Indonesia
2025 19.5% 1.91%
2024 5.1% 2.18%
2023 2.58% 3.67%
2022 1.75% 4.21%
2021 0.74% 1.56%
2020 0.94% 1.92%
2019 1.84% 3.03%
2018 2.27% 3.2%
2017 2.82% 3.81%
2016 3.62% 3.53%
2015 4.06% 6.36%
2014 5.77% 6.39%
2013 5.74% 6.41%
2012 4.52% 4.28%
2011 9.88% 5.36%
2010 2.5% 5.13%
2009 3.35% 4.39%
2008 14% 10.2%
2007 8.71% 6.41%
2006 4.28% 13.1%
2005 5.39% 10.5%
2004 4.44% 6.06%
2003 3.34% 6.76%
2002 0.93% 11.9%
2001 1.59% 11.5%
2000 4.61% 3.69%
1999 2.16% 20.5%
1998 7.67% 58.5%
1997 4.71% 6.23%

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

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

Over the past 29 years, Bolivia has recorded an average annual inflation rate of 4.79%, compared with 8.02% in Indonesia. In 2025, inflation was 19.5% in Bolivia and 1.91% in Indonesia.

Top exports between countries

Bolivia
Export category Export value
Raw materials & minerals $1.64M
Processed food, beverages & tobacco $1.22M
Machinery & equipment $764K
Raw agricultural goods $175K
Animal & marine products $125K
Wood & paper products $47K
Chemicals & pharma $26K
Metals $2K
Indonesia
Export category Export value
Machinery & equipment $1.72M
Raw agricultural goods $751K
Processed food, beverages & tobacco $586K
Raw materials & minerals $318K
Textiles & consumer goods $305K
Chemicals & pharma $203K
Precious metals & jewellery $20K
Metals $13K
Wood & paper products $1K

Balance of trade

Bolivia Indonesia
Current account balance
-$1.22B
2025
-$1.52B
2025
Current account balance ranking
124/190
2025
129/190
2025
Current account balance, % of GDP
-1.88%
2025
-0.11%
2025
Goods imports
$9.23B
2025
$231B
2025
Goods exports
$9.56B
2025
$280B
2025
Service imports
$2.25B
2025
$63B
2025
Service exports
$1.21B
2025
$42.5B
2025
Imports of goods and services, % of GDP
25.5%
2024
20.5%
2025
Exports of goods and services, % of GDP
21.4%
2024
22.8%
2025

Economic freedom indices

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

Bolivia Indonesia
Economic freedom 42.4 65.1
Economic freedom ranking 184/197 67/197
Property rights 20.2 39.7
Government integrity 27.1 42
Judicial effectiveness 29.5 43.1
Tax burden 86.4 81.5
Government spending 56.3 91.4
Fiscal health 0.8 89.8
Business freedom 53.6 69.2
Labor freedom 52.2 56.8
Monetary freedom 67.1 79.4
Trade freedom 60.6 78.6
Investment freedom 15 50
Financial freedom 40 60

Economic freedom comparison by year

Bolivia
Indonesia
1x
Year Economic freedom index
Bolivia Indonesia
2026 42.4 65.1
2025 44.1 65.2
2024 43.5 63.5
2023 43.4 63.5
2022 43 64.4
2021 42.7 66.9
2020 42.8 67.2
2019 42.3 65.8
2018 44.1 64.2
2017 47.7 61.9
2016 47.4 59.4
2015 46.8 58.1
2014 48.4 58.5
2013 47.9 56.9
2012 50.2 56.4
2011 50 56
2010 49.4 55.5
2009 53.6 53.4
2008 53.1 53.2
2007 54.2 53.2
2006 57.8 51.9
2005 58.4 52.9
2004 64.5 52.1
2003 64.3 55.8
2002 65.1 54.8
2001 68 52.5
2000 65 55.2
1999 65.6 61.5
1998 68.8 63.4
1997 65.1 62
1996 65.2 61
1995 56.8 54.9

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

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

The Economic Freedom Index for Bolivia is 42.4, ranking 184/197, compared to 65.1 for Indonesia, ranking 67/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bolivia Indonesia
Services, % of GDP
53.4%
2024
43.9%
2025
Industry, % of GDP
31.3%
2024
38.7%
2025
Agriculture, forestry, and fishing, % of GDP
8.83%
2024
13.1%
2025
GNI, Atlas method
$55.6B
2025
$1.46T
2025
GNI per capita, PPP
$12,530
2025
$17,190
2025
Total reserves including gold
$580M
2025
$157B
2025
Total reserves ranking
155/177
2025
22/177
2025
Net foreign direct investment
-$464M
2025
-$14.4B
2025
Net inflows of foreign direct investment
$358M
2024
$24.3B
2024
Net outflows of foreign direct investment
$133M
2024
$8.39B
2024
Servicing debt to the IMF, % of GNI
3.41%
2024
5.64%
2024
Poverty at national poverty lines
37.7%
2024
9%
2024
Gross capital formation, % of GDP
17.9%
2024
30.6%
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/indonesia | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, 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.