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Economy of Bolivia vs Jamaica compared: GDP & Debt

Updated on by Georank

Bolivia has a GDP of $64.8B compared to $22.7B for Jamaica, ranking 88/197 and 125/197 by economy size, respectively.

Bolivia has $54.9B in government debt (84.8% of GDP), compared to $15.4B (67.7% of GDP) in Jamaica.

Bolivia vs Jamaica GDP by year

Bolivia
Jamaica
1x
Year GDP, current $
Bolivia Jamaica
2025 $64,768,947,525 $22,704,903,218
2024 $54,881,327,453 $22,014,429,051
2023 $52,340,206,946 $21,418,797,833
2022 $50,959,081,954 $18,813,516,805
2021 $47,877,892,402 $15,963,885,376
2020 $42,313,784,081 $15,000,214,216
2019 $49,056,643,589 $17,026,269,263
2018 $48,414,038,842 $16,855,447,986
2017 $45,927,439,595 $15,783,583,237
2016 $33,941,126,194 $14,898,999,754
2015 $33,000,198,249 $14,963,589,916
2014 $32,996,188,017 $13,899,217,680
2013 $30,659,338,886 $14,264,205,153
2012 $27,084,497,482 $14,807,086,556
2011 $23,963,164,697 $14,444,661,522
2010 $19,649,723,722 $13,220,549,908
2009 $17,339,992,194 $12,120,458,115
2008 $16,674,276,286 $13,709,401,520
2007 $13,120,108,008 $12,799,600,047
2006 $11,451,844,902 $11,930,179,090
2005 $9,549,122,905 $11,243,865,778
2004 $8,773,451,752 $10,174,664,854
2003 $8,082,399,640 $9,430,234,811
2002 $7,905,485,146 $9,719,009,495
2001 $8,141,516,928 $9,194,727,831
2000 $8,397,855,485 $9,005,064,475
1999 $8,285,064,435 $8,887,057,997
1998 $8,497,494,652 $8,787,195,622
1997 $7,925,736,821 $8,400,041,724
1996 $7,396,949,126 $7,393,891,921
1995 $6,715,161,732 $6,577,520,643
1994 $5,981,222,859 $5,452,558,947
1993 $5,734,699,489 $5,440,075,676
1992 $5,643,868,749 $3,535,460,090
1991 $5,343,262,457 $4,106,207,649
1990 $4,867,582,598 $4,592,208,087
1989 $4,715,973,437 $4,404,937,853
1988 $4,597,612,362 $3,828,342,820
1987 $4,347,956,338 $3,287,007,322
1986 $3,959,382,833 $2,754,549,582
1985 $5,377,276,555 $2,100,239,019
1984 $6,169,483,225 $2,373,564,549
1983 $5,422,656,823 $3,619,262,277
1982 $5,594,126,369 $3,293,496,312
1981 $5,891,598,695 $2,979,027,966
1980 $4,537,479,608 $2,679,379,372
1979 $4,421,336,383 $2,425,064,229
1978 $3,758,220,890 $2,644,527,822
1977 $3,227,436,282 $3,249,733,140
1976 $2,731,984,008 $2,966,042,856
1975 $2,404,697,651 $2,860,442,750
1974 $2,100,249,875 $2,375,122,375
1973 $1,262,968,516 $1,905,917,553
1972 $1,257,615,645 $1,875,146,587
1971 $1,095,622,896 $1,539,861,816
1970 $1,017,003,367 $1,404,720,442
1969 $929,629,630 $1,191,239,047
1968 $857,912,458 $1,083,839,133
1967 $755,808,081 $1,148,014,311
1966 $669,191,919 $1,096,759,561
1965 $604,377,104 $972,159,611
1964 $544,023,569 $897,949,001
1963 $482,828,283 $826,706,669
1962 $448,400,673 $777,727,689
1961 $410,101,010 $748,043,501
1960 $377,020,202 $699,064,380

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

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

GDP per capita in Bolivia vs Jamaica by year

Bolivia
GDP per capita

GDP per capita, PPP
Jamaica
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bolivia Jamaica
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $5,148 - $8,003 -
2024 $4,421 $12,878 $7,754 $12,890
2023 $4,275 $12,892 $7,542 $12,651
2022 $4,219 $12,307 $6,626 $11,888
2021 $4,011 $11,202 $5,626 $10,431
2020 $3,581 $9,581 $5,299 $9,764
2019 $4,203 $11,005 $6,031 $10,845
2018 $4,207 $10,758 $5,977 $10,753
2017 $4,048 $10,420 $5,605 $10,466
2016 $3,036 $9,242 $5,302 $9,948
2015 $2,996 $8,757 $5,339 $9,476
2014 $3,041 $8,629 $4,975 $9,210
2013 $2,870 $8,069 $5,124 $9,101
2012 $2,576 $7,184 $5,341 $8,831
2011 $2,316 $6,598 $5,233 $8,809
2010 $1,930 $6,245 $4,810 $8,521
2009 $1,731 $6,024 $4,428 $8,580
2008 $1,693 $5,890 $5,030 $8,952
2007 $1,355 $5,537 $4,716 $8,893
2006 $1,203 $5,244 $4,417 $8,577
2005 $1,020 $4,938 $4,184 $8,127
2004 $953 $4,663 $3,808 $7,854
2003 $893 $4,433 $3,550 $7,593
2002 $888 $4,304 $3,681 $7,226
2001 $930 $4,205 $3,504 $7,019
2000 $976 $4,113 $3,453 $6,816
1999 $979 $3,991 $3,432 $6,653
1998 $1,022 $3,988 $3,419 $6,543
1997 $970 $3,822 $3,297 $6,682
1996 $922 $3,645 $2,929 $6,706
1995 $853 $3,494 $2,631 $6,657
1994 $774 $3,331 $2,203 $6,435
1993 $757 $3,177 $2,221 $6,279
1992 $760 $3,036 $1,458 $5,664
1991 $734 $2,981 $1,710 $5,485
1990 $683 $2,797 $1,930 $5,106
1989 $675 - $1,865 -
1988 $673 - $1,632 -
1987 $650 - $1,411 -
1986 $604 - $1,191 -
1985 $838 - $917 -
1984 $982 - $1,048 -
1983 $882 - $1,619 -
1982 $930 - $1,494 -
1981 $1,001 - $1,370 -
1980 $788 - $1,249 -
1979 $785 - $1,144 -
1978 $683 - $1,262 -
1977 $600 - $1,569 -
1976 $520 - $1,450 -
1975 $468 - $1,417 -
1974 $418 - $1,193 -
1973 $257.2 - $972 -
1972 $261.9 - $971 -
1971 $233.4 - $809 -
1970 $221.6 - $748 -
1969 $207.1 - $642 -
1968 $195.5 - $591 -
1967 $176.1 - $633 -
1966 $159.3 - $612 -
1965 $147.1 - $549 -
1964 $135.2 - $514 -
1963 $122.6 - $480 -
1962 $116.2 - $458 -
1961 $108.5 - $447 -
1960 $101.8 - $424 -

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

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

Bolivia's GDP per capita is $5,148, ranking 121/197, compared to $8,003 in Jamaica, ranking 98/197. Adjusted for purchasing power (GDP per capita PPP), Bolivia ranks 122nd at $12,878, while Jamaica ranks 121st at $12,890.

Economic indicators

Bolivia Jamaica
Gross domestic product
$64.8B
2025
$22.7B
2025
GDP rank
88/197
2025
125/197
2025
GDP growth
-1.58%
2024-2025
0.08%
2024-2025
GDP per capita
$5,148
2025
$8,003
2025
GDP per capita rank
121/197
2025
98/197
2025
GDP per capita, PPP
$12,878
2024
$12,890
2024
GDP per capita PPP rank
122/197
2024
121/197
2024
Government debt
$54.9B
2025
$15.4B
2025
Debt-to-GDP ratio
84.8%
2025
67.7%
2025
Government debt per person
$4,364
2025
$5,419
2025
Government debt per person rank
93/185
2025
80/185
2025
Average annual personal income after taxes
$4,410
2026
$8,390
2026
Market capitalization of domestic companies n/a
$11.6B
2025
Income share by richest 10%
30.6%
2024
29.6%
2021
Income share by poorest 10%
1.9%
2024
2.2%
2021
Government expenditure, % of GDP
32.2%
2025
33.8%
2025
Consumer prices inflation
19.5%
2024-2025
4%
2024-2025
Central bank interest rate
3.26%
2025
5.75%
2025
Unemployment rate
2.73%
2024
3.02%
2023
Population
12837312
2834177

Spending and national debt comparison by year

Bolivia
Spending

Debt
Jamaica
Spending

Debt
1x
Year % of GDP
Bolivia Jamaica
Government spending Government debt Government spending Government debt
2025 32.2% 84.8% 33.8% 67.7%
2024 33.5% 83.2% 30.1% 62.5%
2023 33.5% 78.3% 27.7% 66.5%
2022 31.2% 69.2% 27.1% 70.2%
2021 29.4% 68.7% 27.6% 86.3%
2020 31.9% 67.5% 30.1% 101.3%
2019 30.1% 48.9% 27.5% 87.7%
2018 31.4% 44.2% 27.5% 88.3%
2017 31.6% 41.9% 26.9% 95.1%
2016 32.9% 38.2% 26.5% 106.9%
2015 37% 34% 25.9% 115.9%
2014 34.9% 31.8% 26.1% 134.4%
2013 30.4% 31% 26.3% 135.2%
2012 31.3% 30.7% 29.1% 140.3%
2011 30.6% 30.5% 31.2% 135.9%
2010 27.5% 32.8% 32.3% 137.8%
2009 28.9% 34.1% 37.7% 138.3%
2008 31.1% 32.4% 33.9% 123.8%
2007 28.9% 35.5% 30.6% 111.6%
2006 26.6% 48.6% 30.1% 114.2%
2005 29.5% 73.2% 28.6% 121.5%
2004 29% 80.6% 30.7% 116.9%
2003 28.6% 85.5% 31.1% 120.1%
2002 29.6% 77.2% 30.1% 115.4%
2001 28.6% 74.4% 27.8% 105.3%
2000 26.2% 66.5% 25.7% 89.5%
1999 26.3% 61.7% 27.9% 80.7%
1998 26.8% 61.2% 27.9% 75.6%
1997 25.3% 64.6% 27.6% 74.4%
1996 23.3% 72.4% 27.4% 70.2%
1995 23.1% 81.7% 22.1% 85.2%
1994 23.9% 87.6% 19.9% 90.4%
1993 24.3% 83.8% 19.6% 106.2%
1992 22.6% 92.4% 18.2% 100.4%
1991 21.6% 92.8% 19.9% 175.1%
1990 20.4% 102.9% 22.6% 128.8%
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/jamaica | CC BY

In 2025, Bolivia's government spending was $20.8B, accounting for 32.2% of its GDP, while Jamaica spent $7.68B, or 33.8% of GDP.

Debt-to-GDP ratio is 84.8% in Bolivia and 67.7% in Jamaica, ranking 36/185 and 62/185, respectively.

Government deficit by year

Deficit/surplus
Bolivia

Jamaica
1x
Year Deficit/surplus, % of GDP
Bolivia Jamaica
2025 -11.6% -3.77%
2024 -8.7% 0.22%
2023 -9.46% 0.04%
2022 -6.15% 0.26%
2021 -7.87% 0.84%
2020 -11% -2.87%
2019 -6.04% 0.85%
2018 -6.8% 1.1%
2017 -6.42% 0.42%
2016 -5.95% -0.18%
2015 -5.76% -0.28%
2014 -2.88% -0.48%
2013 0.51% 0.12%
2012 1.49% -3.97%
2011 0.72% -6.24%
2010 1.42% -6.17%
2009 2.29% -10.8%
2008 3.1% -7.32%
2007 -1.37% -3.7%
2006 3.99% -4.74%
2005 -2% -3.22%
2004 -4.97% -4.56%
2003 -7.04% -5.42%
2002 -7.82% -6.55%
2001 -6.11% -4.77%
2000 -3.34% -0.78%
1999 -3.43% -3.41%
1998 -4.56% -5.73%
1997 -2.94% -6.39%
1996 -1.7% -5.25%
1995 -1.63% 1.53%
1994 -2.68% 2.4%
1993 -5.46% 2.37%
1992 -3.94% 2.83%
1991 -3.76% 3.14%
1990 -3.94% 2.06%
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/jamaica | 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 Jamaica's deficit of $856M, or 3.77% of GDP.

Over the past 36 years, Bolivia recorded a fiscal deficit in 29 of those years, while Jamaica ran a deficit in 22 years. On average, Bolivia posted an annual deficit equal to 3.94% of GDP, compared to deficit of 2.18% of GDP for Jamaica.

Inflation comparison by year

Inflation
Bolivia

Jamaica
1x
Year Consumer prices inflation
Bolivia Jamaica
2025 19.5% 4%
2024 5.1% 5.41%
2023 2.58% 6.47%
2022 1.75% 10.3%
2021 0.74% 5.86%
2020 0.94% 5.23%
2019 1.84% 3.91%
2018 2.27% 3.74%
2017 2.82% 4.38%
2016 3.62% 2.35%
2015 4.06% 3.69%
2014 5.77% 8.27%
2013 5.74% 9.34%
2012 4.52% 6.87%
2011 9.88% 7.56%
2010 2.5% 12.6%
2009 3.35% 9.59%
2008 14% 22%
2007 8.71% 9.24%
2006 4.28% 8.56%
2005 5.39% 15.1%
2004 4.44% 13.6%
2003 3.34% 10.1%
2002 0.93% 7.08%
2001 1.59% 6.8%
2000 4.61% 8.17%
1999 2.16% 5.95%
1998 7.67% 8.63%
1997 4.71% 9.66%

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

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

Over the past 29 years, Bolivia has recorded an average annual inflation rate of 4.79%, compared with 8.08% in Jamaica. In 2025, inflation was 19.5% in Bolivia and 4% in Jamaica.

Top exports between countries

Bolivia
Export category Export value
Processed food, beverages & tobacco $4.71M
Metals $1.59M
Machinery & equipment $240K
Wood & paper products $72K
Raw materials & minerals $10K
Miscellaneous $6K
Jamaica
Export category Export value

Balance of trade

Bolivia Jamaica
Current account balance
-$1.22B
2025
$679M
2024
Current account balance ranking
124/190
2025
53/190
2024
Current account balance, % of GDP
-1.88%
2025
+3.08%
2024
Goods imports
$9.23B
2025
$6.07B
2024
Goods exports
$9.56B
2025
$1.87B
2024
Service imports
$2.25B
2025
$3.46B
2024
Service exports
$1.21B
2025
$5.26B
2024
Imports of goods and services, % of GDP
25.5%
2024
52.1%
2019
Exports of goods and services, % of GDP
21.4%
2024
38%
2019

Economic freedom indices

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

Bolivia Jamaica
Economic freedom 42.4 68.2
Economic freedom ranking 184/197 48/197
Property rights 20.2 66.8
Government integrity 27.1 49.4
Judicial effectiveness 29.5 75.6
Tax burden 86.4 76.3
Government spending 56.3 76
Fiscal health 0.8 92.2
Business freedom 53.6 68.5
Labor freedom 52.2 59.2
Monetary freedom 67.1 74.2
Trade freedom 60.6 70.4
Investment freedom 15 60
Financial freedom 40 50

Economic freedom comparison by year

Bolivia
Jamaica
1x
Year Economic freedom index
Bolivia Jamaica
2026 42.4 68.2
2025 44.1 68.7
2024 43.5 68.1
2023 43.4 68.1
2022 43 67.4
2021 42.7 69
2020 42.8 68.5
2019 42.3 68.6
2018 44.1 69.1
2017 47.7 69.5
2016 47.4 67.5
2015 46.8 67.7
2014 48.4 66.7
2013 47.9 66.8
2012 50.2 65.1
2011 50 65.7
2010 49.4 65.5
2009 53.6 65.2
2008 53.1 65.7
2007 54.2 65.5
2006 57.8 66.4
2005 58.4 67
2004 64.5 66.7
2003 64.3 67
2002 65.1 61.7
2001 68 63.7
2000 65 65.5
1999 65.6 64.7
1998 68.8 67.1
1997 65.1 67.7
1996 65.2 66.7
1995 56.8 64.4

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

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

The Economic Freedom Index for Bolivia is 42.4, ranking 184/197, compared to 68.2 for Jamaica, ranking 48/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bolivia Jamaica
Services, % of GDP
53.4%
2024
59.8%
2025
Industry, % of GDP
31.3%
2024
16.3%
2025
Agriculture, forestry, and fishing, % of GDP
8.83%
2024
8.74%
2025
GNI, Atlas method
$55.6B
2025
$22.1B
2025
GNI per capita, PPP
$12,530
2025
$13,090
2025
Total reserves including gold
$580M
2025
$6.3B
2025
Total reserves ranking
155/177
2025
92/177
2025
Net foreign direct investment
-$464M
2025
-$304M
2024
Net inflows of foreign direct investment
$358M
2024
$305M
2024
Net outflows of foreign direct investment
$133M
2024
$1.07M
2024
Servicing debt to the IMF, % of GNI
3.41%
2024
11.3%
2024
Poverty at national poverty lines
37.7%
2024
8.2%
2023
Gross capital formation, % of GDP
17.9%
2024
22.6%
2019

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/jamaica | 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 (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.