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Economy of Bolivia vs Iraq compared: GDP & Debt

Updated on by Georank

Bolivia has a GDP of $64.8B compared to $254B for Iraq, ranking 88/197 and 54/197 by economy size, respectively.

Bolivia has $54.9B in government debt (84.8% of GDP), compared to $137B (53.9% of GDP) in Iraq.

Bolivia vs Iraq GDP by year

Bolivia
Iraq
1x
Year GDP, current $
Bolivia Iraq
2025 $64,768,947,525 $254,367,293,538
2024 $54,881,327,453 $279,641,257,615
2023 $52,340,206,946 $268,881,051,644
2022 $50,959,081,954 $287,372,232,138
2021 $47,877,892,402 $209,691,945,713
2020 $42,313,784,081 $180,898,797,517
2019 $49,056,643,589 $233,636,097,800
2018 $48,414,038,842 $227,367,469,034
2017 $45,927,439,595 $187,217,660,051
2016 $33,941,126,194 $166,743,557,748
2015 $33,000,198,249 $166,774,104,959
2014 $32,996,188,017 $228,415,656,175
2013 $30,659,338,886 $234,637,675,129
2012 $27,084,497,482 $218,002,476,129
2011 $23,963,164,697 $185,749,664,444
2010 $19,649,723,722 $138,516,722,650
2009 $17,339,992,194 $111,657,580,326
2008 $16,674,276,286 $131,614,434,154
2007 $13,120,108,008 $88,837,057,320
2006 $11,451,844,902 $65,147,051,918
2005 $9,549,122,905 $50,065,104,668
2004 $8,773,451,752 $36,633,669,269
2003 $8,082,399,640 $21,921,569,479
2002 $7,905,485,146 $32,928,454,672
2001 $8,141,516,928 $36,176,430,129
2000 $8,397,855,485 $48,364,250,944
1999 $8,285,064,435 $36,881,601,584
1998 $8,497,494,652 $20,617,405,044
1997 $7,925,736,821 $20,764,857,056
1996 $7,396,949,126 $10,433,698,621
1995 $6,715,161,732 $12,894,029,888
1994 $5,981,222,859 $3,991,349,283
1993 $5,734,699,489 $1,031,944,881
1992 $5,643,868,749 $553,671,958
1991 $5,343,262,457 $407,796,350
1990 $4,867,582,598 $180,408,064,516
1989 $4,715,973,437 $65,831,935,484
1988 $4,597,612,362 $62,684,516,129
1987 $4,347,956,338 $56,774,193,548
1986 $3,959,382,833 $47,264,516,129
1985 $5,377,276,555 $48,425,161,290
1984 $6,169,483,225 $46,938,387,097
1983 $5,422,656,823 $40,712,903,226
1982 $5,594,126,369 $42,382,333,333
1981 $5,891,598,695 $37,823,000,000
1980 $4,537,479,608 $52,569,000,000
1979 $4,421,336,383 $37,816,457,839
1978 $3,758,220,890 $23,762,275,652
1977 $3,227,436,282 $19,838,130,715
1976 $2,731,984,008 $17,754,825,601
1975 $2,404,697,651 $13,458,516,763
1974 $2,100,249,875 $11,516,762,614
1973 $1,262,968,516 $5,134,367,778
1972 $1,257,615,645 $4,113,848,002
1971 $1,095,622,896 $3,865,346,535
1970 $1,017,003,367 $3,281,318,687
1969 $929,629,630 $3,007,758,797
1968 $857,912,458 $2,896,598,841
1967 $755,808,081 $2,551,522,656
1966 $669,191,919 $2,530,306,096
1965 $604,377,104 $2,335,785,506
1964 $544,023,569 $2,136,408,198
1963 $482,828,283 $1,805,901,510
1962 $448,400,673 $1,784,174,541
1961 $410,101,010 $1,671,960,965
1960 $377,020,202 $1,537,252,193

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Bolivia vs Iraq by year

Bolivia
GDP per capita

GDP per capita, PPP
Iraq
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bolivia Iraq
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $5,148 - $5,410 -
2024 $4,421 $12,878 $6,074 $14,464
2023 $4,275 $12,892 $5,965 $14,653
2022 $4,219 $12,307 $6,521 $14,391
2021 $4,011 $11,202 $4,868 $12,732
2020 $3,581 $9,581 $4,295 $10,574
2019 $4,203 $11,005 $5,672 $12,249
2018 $4,207 $10,758 $5,647 $12,034
2017 $4,048 $10,420 $4,759 $10,192
2016 $3,036 $9,242 $4,334 $9,079
2015 $2,996 $8,757 $4,440 $9,334
2014 $3,041 $8,629 $6,249 $13,168
2013 $2,870 $8,069 $6,650 $14,669
2012 $2,576 $7,184 $6,478 $14,402
2011 $2,316 $6,598 $5,776 $12,912
2010 $1,930 $6,245 $4,462 $12,186
2009 $1,731 $6,024 $3,715 $11,687
2008 $1,693 $5,890 $4,543 $11,657
2007 $1,355 $5,537 $3,129 $10,783
2006 $1,203 $5,244 $2,277 $10,223
2005 $1,020 $4,938 $1,762 $9,457
2004 $953 $4,663 $1,328 $9,290
2003 $893 $4,433 $818 $6,068
2002 $888 $4,304 $1,266 $9,682
2001 $930 $4,205 $1,436 $10,720
2000 $976 $4,113 $1,980 $10,628
1999 $979 $3,991 $1,560 $9,194
1998 $1,022 $3,988 $901 $7,964
1997 $970 $3,822 $936 $6,020
1996 $922 $3,645 $485 $5,034
1995 $853 $3,494 $619 $4,598
1994 $774 $3,331 $198.2 $4,560
1993 $757 $3,177 $53.7 $4,509
1992 $760 $3,036 $30.3 $3,547
1991 $734 $2,981 $23 $2,694
1990 $683 $2,797 $10,261 -
1989 $675 - $3,791 -
1988 $673 - $3,707 -
1987 $650 - $3,436 -
1986 $604 - $2,940 -
1985 $838 - $3,088 -
1984 $982 - $3,066 -
1983 $882 - $2,743 -
1982 $930 - $2,942 -
1981 $1,001 - $2,700 -
1980 $788 - $3,868 -
1979 $785 - $2,871 -
1978 $683 - $1,863 -
1977 $600 - $1,609 -
1976 $520 - $1,489 -
1975 $468 - $1,166 -
1974 $418 - $1,031 -
1973 $257.2 - $476 -
1972 $261.9 - $394 -
1971 $233.4 - $384 -
1970 $221.6 - $337 -
1969 $207.1 - $320 -
1968 $195.5 - $319 -
1967 $176.1 - $290.6 -
1966 $159.3 - $298.2 -
1965 $147.1 - $284.8 -
1964 $135.2 - $269.4 -
1963 $122.6 - $235.5 -
1962 $116.2 - $240.7 -
1961 $108.5 - $232.4 -
1960 $101.8 - $218.9 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Bolivia's GDP per capita is $5,148, ranking 121/197, compared to $5,410 in Iraq, ranking 119/197. Adjusted for purchasing power (GDP per capita PPP), Bolivia ranks 122nd at $12,878, while Iraq ranks 115th at $14,464.

Economic indicators

Bolivia Iraq
Gross domestic product
$64.8B
2025
$254B
2025
GDP rank
88/197
2025
54/197
2025
GDP growth
-1.58%
2024-2025
-2.16%
2024-2025
GDP per capita
$5,148
2025
$5,410
2025
GDP per capita rank
121/197
2025
119/197
2025
GDP per capita, PPP
$12,878
2024
$14,464
2024
GDP per capita PPP rank
122/197
2024
115/197
2024
Government debt
$54.9B
2025
$137B
2025
Debt-to-GDP ratio
84.8%
2025
53.9%
2025
Government debt per person
$4,364
2025
$2,917
2025
Government debt per person rank
93/185
2025
108/185
2025
Average annual personal income after taxes
$4,410
2026
$6,782
2026
Income share by richest 10%
30.6%
2024
24.2%
2023
Income share by poorest 10%
1.9%
2024
3.7%
2023
Government expenditure, % of GDP
32.2%
2025
42.7%
2025
Consumer prices inflation
19.5%
2024-2025
0.3%
2024-2025
Central bank interest rate
3.26%
2025
n/a
Unemployment rate
2.73%
2024
16.2%
2021
Population
12837312
48531417

Spending and national debt comparison by year

Bolivia
Spending

Debt
Iraq
Spending

Debt
1x
Year % of GDP
Bolivia Iraq
Government spending Government debt Government spending Government debt
2025 32.2% 84.8% 42.7% 53.9%
2024 33.5% 83.2% 41.7% 45.2%
2023 33.5% 78.3% 41.2% 42.1%
2022 31.2% 69.2% 33.9% 39%
2021 29.4% 68.7% 36.3% 54.7%
2020 31.9% 67.5% 41.9% 72.5%
2019 30.1% 48.9% 34.7% 41.7%
2018 31.4% 44.2% 31.1% 44.4%
2017 31.6% 41.9% 35.5% 55.9%
2016 32.9% 38.2% 42.4% 60.3%
2015 37% 34% 43.5% 48.3%
2014 34.9% 31.8% 43.8% 27.6%
2013 30.4% 31% 48.2% 32%
2012 31.3% 30.7% 42.9% 34.8%
2011 30.6% 30.5% 43.4% 40.7%
2010 27.5% 32.8% 49.6% 53.5%
2009 28.9% 34.1% 61.1% 87.4%
2008 31.1% 32.4% 57.3% 74.2%
2007 28.9% 35.5% 44% 117.1%
2006 26.6% 48.6% 50.3% 143.2%
2005 29.5% 73.2% 63.2% 227.3%
2004 29% 80.6% 91.5% 344%
2003 28.6% 85.5% - -
2002 29.6% 77.2% - -
2001 28.6% 74.4% - -
2000 26.2% 66.5% - -
1999 26.3% 61.7% - -
1998 26.8% 61.2% - -
1997 25.3% 64.6% - -
1996 23.3% 72.4% - -
1995 23.1% 81.7% - -
1994 23.9% 87.6% - -
1993 24.3% 83.8% - -
1992 22.6% 92.4% - -
1991 21.6% 92.8% - -
1990 20.4% 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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08).

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

In 2025, Bolivia's government spending was $20.8B, accounting for 32.2% of its GDP, while Iraq spent $109B, or 42.7% of GDP.

Debt-to-GDP ratio is 84.8% in Bolivia and 53.9% in Iraq, ranking 36/185 and 95/185, respectively.

Government deficit by year

Deficit/surplus
Bolivia

Iraq
1x
Year Deficit/surplus, % of GDP
Bolivia Iraq
2025 -11.6% -6.41%
2024 -8.7% -3.45%
2023 -9.46% -1.14%
2022 -6.15% 8.1%
2021 -7.87% -0.38%
2020 -11% -12.8%
2019 -6.04% 0.83%
2018 -6.8% 7.69%
2017 -6.42% -1.52%
2016 -5.95% -14.4%
2015 -5.76% -12.8%
2014 -2.88% -5.63%
2013 0.51% -6.06%
2012 1.49% 4.09%
2011 0.72% 4.74%
2010 1.42% -4.18%
2009 2.29% -14.9%
2008 3.1% -0.86%
2007 -1.37% 9.98%
2006 3.99% 10.7%
2005 -2% 4.07%
2004 -4.97% -35.4%
2003 -7.04% -
2002 -7.82% -
2001 -6.11% -
2000 -3.34% -
1999 -3.43% -
1998 -4.56% -
1997 -2.94% -
1996 -1.7% -
1995 -1.63% -
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% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1989, retrieved 2026-07-08).

GeoRank.org/economy/bolivia/iraq | 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 Iraq's deficit of $16.3B, or 6.41% of GDP.

Over the past 22 years, Bolivia recorded a fiscal deficit in 15 of those years, while Iraq ran a deficit in 14 years. On average, Bolivia posted an annual deficit equal to 3.79% of GDP, compared to deficit of 3.17% of GDP for Iraq.

Inflation comparison by year

Inflation
Bolivia

Iraq
1x
Year Consumer prices inflation
Bolivia Iraq
2025 19.5% 0.3%
2024 5.1% 2.61%
2023 2.58% 4.36%
2022 1.75% 4.99%
2021 0.74% 6.04%
2020 0.94% 0.57%
2019 1.84% -0.2%
2018 2.27% 0.37%
2017 2.82% 0.18%
2016 3.62% 0.56%
2015 4.06% 1.39%
2014 5.77% 2.24%
2013 5.74% 1.88%
2012 4.52% 6.09%
2011 9.88% 5.6%
2010 2.5% 2.43%
2009 3.35% 6.87%
2008 14% 12.7%
2007 8.71% -10.1%
2006 4.28% 53.2%
2005 5.39% 37%
2004 4.44% 27%
2003 3.34% 33.6%
2002 0.93% 19.3%
2001 1.59% 16.4%
2000 4.61% 4.98%
1999 2.16% 12.6%
1998 7.67% 14.8%
1997 4.71% 23.1%

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

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

Over the past 29 years, Bolivia has recorded an average annual inflation rate of 4.79%, compared with 10% in Iraq. In 2025, inflation was 19.5% in Bolivia and 0.3% in Iraq.

Top exports between countries

Bolivia
Export category Export value
Raw agricultural goods $125K
Wood & paper products $5K
Machinery & equipment $3K
Chemicals & pharma $2K
Iraq
Export category Export value

Balance of trade

Bolivia Iraq
Current account balance
-$1.22B
2025
$8.37B
2024
Current account balance ranking
124/190
2025
27/190
2024
Current account balance, % of GDP
-1.88%
2025
+2.99%
2024
Goods imports
$9.23B
2025
$74.3B
2024
Goods exports
$9.56B
2025
$101B
2024
Service imports
$2.25B
2025
$30.2B
2024
Service exports
$1.21B
2025
$10.2B
2024
Imports of goods and services, % of GDP
25.5%
2024
37.4%
2024
Exports of goods and services, % of GDP
21.4%
2024
39.8%
2024

Economic freedom indices

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

Bolivia Iraq
Economic freedom 42.4 15.6
Economic freedom ranking 184/197 196/197
Property rights 20.2 8.3
Government integrity 27.1 20.2
Judicial effectiveness 29.5 5.8
Tax burden 86.4 85.5
Government spending 56.3 65.3
Fiscal health 0.8 95.7
Business freedom 53.6 42.8
Labor freedom 52.2 60.6
Monetary freedom 67.1 68.6
Trade freedom 60.6 40
Investment freedom 15 10
Financial freedom 40 10

Economic freedom comparison by year

Bolivia
Iraq
1x
Year Economic freedom index
Bolivia Iraq
2026 42.4 -
2025 44.1 -
2024 43.5 -
2023 43.4 -
2022 43 -
2021 42.7 -
2020 42.8 -
2019 42.3 -
2018 44.1 -
2017 47.7 -
2016 47.4 -
2015 46.8 -
2014 48.4 -
2013 47.9 -
2012 50.2 -
2011 50 -
2010 49.4 -
2009 53.6 -
2008 53.1 -
2007 54.2 -
2006 57.8 -
2005 58.4 -
2004 64.5 -
2003 64.3 -
2002 65.1 15.6
2001 68 17.2
2000 65 17.2
1999 65.6 17.2
1998 68.8 17.2
1997 65.1 17.2
1996 65.2 17.2
1995 56.8 -

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

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

The Economic Freedom Index for Bolivia is 42.4, ranking 184/197, compared to 15.6 for Iraq, ranking 196/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bolivia Iraq
Services, % of GDP
53.4%
2024
52.3%
2025
Industry, % of GDP
31.3%
2024
45.4%
2025
Agriculture, forestry, and fishing, % of GDP
8.83%
2024
3.41%
2025
GNI, Atlas method
$55.6B
2025
$267B
2025
GNI per capita, PPP
$12,530
2025
$14,290
2025
Total reserves including gold
$580M
2025
$101B
2024
Total reserves ranking
155/177
2025
30/177
2024
Net foreign direct investment
-$464M
2025
$8.09B
2024
Net inflows of foreign direct investment
$358M
2024
-$7.65B
2024
Net outflows of foreign direct investment
$133M
2024
$439M
2024
Servicing debt to the IMF, % of GNI
3.41%
2024
1.22%
2024
Poverty at national poverty lines
37.7%
2024
17.5%
2023
Gross capital formation, % of GDP
17.9%
2024
19.1%
2024

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/iraq | CC BY

Compare countries by 7 more topics

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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 (1950–1999, 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.