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Economy of Bolivia vs Kenya compared: GDP & Debt

Updated on by Georank team

Bolivia has a GDP of $54.9B compared to $120B for Kenya, ranking 88/197 and 64/197 by economy size, respectively.

Bolivia has $53.8B in government debt (98% of GDP), compared to $81B (67.3% of GDP) in Kenya.

Bolivia vs Kenya GDP by year

Bolivia
Kenya
1x
Year GDP, current $
Bolivia Kenya
2024 $54,881,327,453 $120,339,557,906
2023 $52,340,206,946 $107,500,884,685
2022 $50,959,081,954 $114,448,978,153
2021 $47,877,892,402 $109,703,658,905
2020 $42,313,784,081 $100,657,505,751
2019 $49,056,643,589 $100,378,436,207
2018 $48,414,038,842 $92,202,979,985
2017 $45,927,439,595 $82,036,510,877
2016 $33,941,126,194 $74,815,144,164
2015 $33,000,198,249 $70,120,446,897
2014 $32,996,188,017 $68,285,796,514
2013 $30,659,338,886 $61,671,440,408
2012 $27,084,497,482 $56,396,704,672
2011 $23,963,164,697 $46,869,473,151
2010 $19,649,723,722 $45,405,615,064
2009 $17,339,992,194 $42,347,217,913
2008 $16,674,276,286 $35,895,153,328
2007 $13,120,108,008 $31,958,195,182
2006 $11,451,844,902 $25,825,512,284
2005 $9,549,122,905 $18,737,895,513
2004 $8,773,451,752 $16,095,337,094
2003 $8,082,399,640 $14,904,517,650
2002 $7,905,485,146 $13,147,736,899
2001 $8,141,516,928 $12,986,007,426
2000 $8,397,855,485 $12,705,350,098
1999 $8,285,064,435 $12,896,010,459
1998 $8,497,494,652 $14,093,998,844
1997 $7,925,736,821 $13,115,764,358
1996 $7,396,949,126 $12,045,865,396
1995 $6,715,161,732 $9,046,320,255
1994 $5,981,222,859 $7,148,148,564
1993 $5,734,699,489 $5,751,786,643
1992 $5,643,868,749 $8,209,120,763
1991 $5,343,262,457 $8,151,488,783
1990 $4,867,582,598 $8,572,359,038
1989 $4,715,973,437 $8,283,114,514
1988 $4,597,612,362 $8,355,380,879
1987 $4,347,956,338 $7,970,820,369
1986 $3,959,382,833 $7,239,126,568
1985 $5,377,276,555 $6,135,034,214
1984 $6,169,483,225 $6,191,437,070
1983 $5,422,656,823 $5,979,198,314
1982 $5,594,126,369 $6,431,579,357
1981 $5,891,598,695 $6,854,491,706
1980 $4,537,479,608 $7,265,315,820
1979 $4,421,336,383 $6,234,391,113
1978 $3,758,220,890 $5,303,735,111
1977 $3,227,436,282 $4,494,378,764
1976 $2,731,984,008 $3,474,542,392
1975 $2,404,697,651 $3,259,345,083
1974 $2,100,249,875 $2,969,958,812
1973 $1,262,968,516 $2,509,001,324
1972 $1,257,615,645 $2,107,279,157
1971 $1,095,622,896 $1,778,391,289
1970 $1,017,003,367 $1,603,447,359
1969 $929,629,630 $1,458,379,417
1968 $857,912,458 $1,353,295,459
1967 $755,808,081 $1,232,559,507
1966 $669,191,919 $1,164,519,674
1965 $604,377,104 $997,919,321
1964 $544,023,569 $998,759,334
1963 $482,828,283 $926,589,349
1962 $448,400,673 $868,111,401
1961 $410,101,010 $792,959,473
1960 $377,020,202 $791,265,459

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Bolivia vs Kenya by year

Bolivia
GDP per capita

GDP per capita, PPP
Kenya
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bolivia Kenya
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $4,421 $12,878 $2,132 $6,644
2023 $4,275 $12,892 $1,943 $6,317
2022 $4,219 $12,307 $2,110 $5,883
2021 $4,011 $11,202 $2,061 $5,339
2020 $3,581 $9,581 $1,928 $4,793
2019 $4,203 $11,005 $1,960 $4,687
2018 $4,207 $10,758 $1,836 $4,412
2017 $4,048 $10,420 $1,667 $4,177
2016 $3,036 $9,242 $1,554 $3,917
2015 $2,996 $8,757 $1,489 $3,678
2014 $3,041 $8,629 $1,483 $3,359
2013 $2,870 $8,069 $1,371 $3,106
2012 $2,576 $7,184 $1,285 $2,847
2011 $2,316 $6,598 $1,096 $2,750
2010 $1,930 $6,245 $1,092 $2,635
2009 $1,731 $6,024 $1,048 $2,480
2008 $1,693 $5,890 $916 $2,459
2007 $1,355 $5,537 $840 $2,481
2006 $1,203 $5,244 $700 $2,330
2005 $1,020 $4,938 $523 $2,189
2004 $953 $4,663 $464 $2,066
2003 $893 $4,433 $443 $1,975
2002 $888 $4,304 $403 $1,940
2001 $930 $4,205 $411 $1,961
2000 $976 $4,113 $415 $1,907
1999 $979 $3,991 $434 $1,910
1998 $1,022 $3,988 $488 $1,895
1997 $970 $3,822 $467 $1,865
1996 $922 $3,645 $441 $1,875
1995 $853 $3,494 $340 $1,818
1994 $774 $3,331 $276.4 $1,754
1993 $757 $3,177 $229 $1,723
1992 $760 $3,036 $337 $1,728
1991 $734 $2,981 $345 $1,756
1990 $683 $2,797 $374 $1,729
1989 $675 - $374 -
1988 $673 - $391 -
1987 $650 - $387 -
1986 $604 - $364 -
1985 $838 - $320 -
1984 $982 - $334 -
1983 $882 - $335 -
1982 $930 - $374 -
1981 $1,001 - $413 -
1980 $788 - $454 -
1979 $785 - $403 -
1978 $683 - $355 -
1977 $600 - $311 -
1976 $520 - $248.9 -
1975 $468 - $241.2 -
1974 $418 - $227.2 -
1973 $257.2 - $198.6 -
1972 $261.9 - $172.6 -
1971 $233.4 - $150.9 -
1970 $221.6 - $141 -
1969 $207.1 - $133.3 -
1968 $195.5 - $128.7 -
1967 $176.1 - $121.9 -
1966 $159.3 - $119.8 -
1965 $147.1 - $106.9 -
1964 $135.2 - $111.3 -
1963 $122.6 - $107.4 -
1962 $116.2 - $104.6 -
1961 $108.5 - $99.3 -
1960 $101.8 - $102.8 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Bolivia's GDP per capita is $4,421, ranking 125/197, compared to $2,132 in Kenya, ranking 154/197. Adjusted for purchasing power (GDP per capita PPP), Bolivia ranks 122nd at $12,878, while Kenya ranks 149th at $6,644.

Economic indicators

Bolivia Kenya
Gross domestic product
$54.9B
2024
$120B
2024
GDP rank
88/197
2024
64/197
2024
GDP growth
-1.12%
2023-2024
4.72%
2023-2024
GDP per capita
$4,421
2024
$2,132
2024
GDP per capita rank
125/197
2024
154/197
2024
GDP per capita, PPP
$12,878
2024
$6,644
2024
GDP per capita PPP rank
122/197
2024
149/197
2024
Government debt
$53.8B
2024
$81B
2024
Debt-to-GDP ratio
98%
2024
67.3%
2024
Government debt per person
$4,331
2024
$1,436
2024
Government debt per person rank
88/185
2024
133/185
2024
Average annual personal income after taxes
$4,720
2026
$3,229
2026
Market capitalization of domestic companies n/a
$15B
2024
Income share by richest 10%
31.3%
2023
30.1%
2022
Income share by poorest 10%
1.8%
2023
2.9%
2022
Government expenditure, % of GDP
39.8%
2024
23.3%
2024
Consumer prices inflation
5.1%
2023-2024
4.49%
2023-2024
Central bank interest rate
3.26%
2025
9.25%
2025
Unemployment rate
2.73%
2024
5.44%
2022
Population
12798112
58955623

Spending and national debt comparison by year

Bolivia
Spending

Debt
Kenya
Spending

Debt
1x
Year % of GDP
Bolivia Kenya
Government spending Government debt Government spending Government debt
2024 39.8% 98% 23.3% 67.3%
2023 38.7% 90.8% 22.7% 73.4%
2022 36% 80.1% 23.2% 67.8%
2021 34.8% 81.4% 24% 68.2%
2020 36.8% 78% 24.8% 68%
2019 36.1% 58.6% 24.4% 59.1%
2018 37.7% 53.1% 24.5% 56.4%
2017 38.6% 51.3% 25.2% 53.9%
2016 40% 46.5% 25.4% 50.4%
2015 44.5% 40.9% 23.8% 45.8%
2014 41.2% 37.6% 23.4% 41.3%
2013 35.4% 36.1% 23.2% 39.8%
2012 36% 35.4% 22.1% 37.6%
2011 35.4% 35.3% 20.1% 35.7%
2010 31.5% 37.6% 21.5% 36.7%
2009 33.2% 39.2% 20.3% 36%
2008 35.3% 36.8% 18.9% 34.3%
2007 32.7% 40% 18.1% 34.2%
2006 29.8% 54.4% 17.3% 37.1%
2005 33.2% 82.2% 16.2% 37.4%
2004 32.3% 89.8% 15.4% 40.8%
2003 32% 95.6% 16% 43.8%
2002 33.3% 86.7% 15.7% 42%
2001 32% 83% 14.9% 41.3%
2000 29.3% 74.3% 14.1% 43.1%
1999 29.4% 61.7% 13.7% 38.4%
1998 30% 61.2% 15.3% 38.5%
1997 28.3% 64.6% 15.6% 36%
1996 26% 72.4% 15.2% 40.5%
1995 25.8% 81.7% 17.3% 52.1%
1994 26.8% 87.6% 18.8% 57%
1993 27.2% 83.8% 18.9% 61.6%
1992 25.3% 92.4% 17.6% 41.2%
1991 24.2% 92.8% 16.4% 43%
1990 22.8% 102.9% 17.2% 37.6%
1989 24.4% 98% 16.3% 33.4%
1988 24% 115.9% 15.9% 33.9%
1987 24.4% 145.3% 15.5% 36.3%
1986 22.2% 149% 15.3% 31.3%
1985 21.8% 205.2% 15.6% 28.8%
1984 29% 166.5% 14.9% 25.6%
1983 32.1% 157.3% 14.6% 26.1%
1982 25% 155.4% 16.2% 26.9%
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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

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

In 2024, Bolivia's government spending was $21.9B, accounting for 39.8% of its GDP, while Kenya spent $28B, or 23.3% of GDP.

Debt-to-GDP ratio is 98% in Bolivia and 67.3% in Kenya, ranking 26/185 and 64/185, respectively.

Government deficit by year

Deficit/surplus
Bolivia

Kenya
1x
Year Deficit/surplus, % of GDP
Bolivia Kenya
2024 -10.6% -5.77%
2023 -10.9% -5.71%
2022 -7.12% -6.06%
2021 -9.33% -7.2%
2020 -12.7% -8.13%
2019 -7.25% -7.42%
2018 -8.17% -6.94%
2017 -7.86% -7.4%
2016 -7.24% -7.47%
2015 -6.93% -6.68%
2014 -3.41% -5.75%
2013 0.6% -5.25%
2012 1.72% -5.29%
2011 0.83% -3.64%
2010 1.62% -3.67%
2009 2.63% -3.12%
2008 3.53% -1.95%
2007 -1.54% -0.95%
2006 4.47% -0.43%
2005 -2.24% -0.19%
2004 -5.54% 0.5%
2003 -7.88% -0.73%
2002 -8.79% -1.29%
2001 -6.82% -0.53%
2000 -3.73% 0.38%
1999 -3.84% 0.84%
1998 -5.1% -0.03%
1997 -3.28% -0.91%
1996 -1.9% -0.49%
1995 -1.82% -0.23%
1994 -3% -4.14%
1993 -6.1% -8.57%
1992 -4.4% -8.28%
1991 -4.2% -6.56%
1990 -4.4% -3.28%
1989 -5.5% -2.39%
1988 -6.5% -1.97%
1987 -7.7% -2.27%
1986 -2.7% -2.98%
1985 -9.8% -3.05%
1984 -25.4% -2.55%
1983 -19.8% -2.17%
1982 -15.9% -3.07%
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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1989, retrieved 2026-02-20).

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

In 2024, Bolivia's government deficit, the difference between spending and revenue, was $5.83B, equivalent to 10.6% of GDP. This compares to Kenya's deficit of $6.94B, or 5.77% of GDP.

Over the past 43 years, Bolivia recorded a fiscal deficit in 36 of those years, while Kenya ran a deficit in 40 years. On average, Bolivia posted an annual deficit equal to 5.68% of GDP, compared to deficit of 3.55% of GDP for Kenya.

Inflation comparison by year

Inflation
Bolivia

Kenya
1x
Year Consumer prices inflation
Bolivia Kenya
2024 5.1% 4.49%
2023 2.58% 7.67%
2022 1.75% 7.66%
2021 0.74% 6.11%
2020 0.94% 5.41%
2019 1.84% 5.24%
2018 2.27% 4.69%
2017 2.82% 8.01%
2016 3.62% 6.3%
2015 4.06% 6.58%
2014 5.77% 6.88%
2013 5.74% 5.72%
2012 4.52% 9.38%
2011 9.88% 14%
2010 2.5% 3.96%
2009 3.35% 9.23%
2008 14% 26.2%
2007 8.71% 9.76%
2006 4.28% 14.5%
2005 5.39% 10.3%
2004 4.44% 11.6%
2003 3.34% 9.82%
2002 0.93% 1.96%
2001 1.59% 5.74%
2000 4.61% 9.98%
1999 2.16% 5.74%
1998 7.67% 6.72%
1997 4.71% 11.4%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Bolivia has recorded an average annual inflation rate of 4.26%, compared with 8.39% in Kenya. In 2024, inflation was 5.1% in Bolivia and 4.49% in Kenya.

Top exports between countries

Bolivia
Export category Export value
Raw materials & minerals $63K
Animal & marine products $22K
Kenya
Export category Export value
Processed food, beverages & tobacco $11K
Textiles & consumer goods $1K

Balance of trade

Bolivia Kenya
Current account balance
-$1.41B
2024
-$1.55B
2024
Current account balance ranking
132/190
2024
134/190
2024
Current account balance, % of GDP
-2.56%
2024
-1.29%
2024
Goods imports
$9.15B
2024
$22.2B
2024
Goods exports
$8.93B
2024
$12.5B
2024
Service imports
$2.35B
2024
$5.64B
2024
Service exports
$1.14B
2024
$8.04B
2024
Imports of goods and services, % of GDP
25.5%
2024
23.1%
2024
Exports of goods and services, % of GDP
21.4%
2024
17.1%
2024

Economic freedom indices

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

Bolivia Kenya
Economic freedom 42.4 55.5
Economic freedom ranking 184/197 128/197
Property rights 20.2 40.2
Government integrity 27.1 32.7
Judicial effectiveness 29.5 47
Tax burden 86.4 76.3
Government spending 56.3 84.1
Fiscal health 0.8 36.2
Business freedom 53.6 61.5
Labor freedom 52.2 56.5
Monetary freedom 67.1 75.1
Trade freedom 60.6 52
Investment freedom 15 55
Financial freedom 40 50

Economic freedom comparison by year

Bolivia
Kenya
1x
Year Economic freedom index
Bolivia Kenya
2026 42.4 55.5
2025 44.1 54.8
2024 43.5 53.6
2023 43.4 52.5
2022 43 52.6
2021 42.7 54.9
2020 42.8 55.3
2019 42.3 55.1
2018 44.1 54.7
2017 47.7 53.5
2016 47.4 57.5
2015 46.8 55.6
2014 48.4 57.1
2013 47.9 55.9
2012 50.2 57.5
2011 50 57.4
2010 49.4 57.5
2009 53.6 58.7
2008 53.1 59.3
2007 54.2 59.6
2006 57.8 59.7
2005 58.4 57.9
2004 64.5 57.7
2003 64.3 58.6
2002 65.1 58.2
2001 68 57.6
2000 65 59.7
1999 65.6 58.2
1998 68.8 58.4
1997 65.1 60.1
1996 65.2 56.4
1995 56.8 54.5

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Bolivia is 42.4, ranking 184/197, compared to 55.5 for Kenya, ranking 128/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bolivia Kenya
Services, % of GDP
53.4%
2024
55.3%
2024
Industry, % of GDP
31.3%
2024
16.5%
2024
Agriculture, forestry, and fishing, % of GDP
8.83%
2024
22.5%
2024
GNI, Atlas method
$51.7B
2024
$118B
2024
GNI per capita, PPP
$12,620
2024
$6,540
2024
Total reserves including gold
$1.98B
2024
$10.1B
2024
Total reserves ranking
127/177
2024
75/177
2024
Net foreign direct investment
-$113M
2024
-$45.8M
2024
Net inflows of foreign direct investment
$387M
2024
$463M
2024
Net outflows of foreign direct investment
$133M
2024
$418M
2024
Servicing debt to the IMF, % of GNI
3.41%
2024
4.79%
2024
Poverty at national poverty lines
36.5%
2023
39.8%
2022
Gross capital formation, % of GDP
17.9%
2024
16.8%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

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

Compare countries by 7 more topics

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1950–1999, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2022–2023, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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.