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Economy of Bolivia vs Kuwait compared: GDP & Debt

Updated on by Georank team

Bolivia has a GDP of $54.9B compared to $160B for Kuwait, ranking 88/197 and 59/197 by economy size, respectively.

Bolivia has $53.8B in government debt (98% of GDP), compared to $4.68B (2.92% of GDP) in Kuwait.

Bolivia vs Kuwait GDP by year

Bolivia
Kuwait
1x
Year GDP, current $
Bolivia Kuwait
2024 $54,881,327,453 $160,227,273,053
2023 $52,340,206,946 $165,384,407,116
2022 $50,959,081,954 $183,502,046,694
2021 $47,877,892,402 $148,350,671,489
2020 $42,313,784,081 $111,045,470,606
2019 $49,056,643,589 $140,856,394,861
2018 $48,414,038,842 $138,646,316,351
2017 $45,927,439,595 $120,687,539,806
2016 $33,941,126,194 $109,406,674,125
2015 $33,000,198,249 $114,585,555,689
2014 $32,996,188,017 $162,650,450,685
2013 $30,659,338,886 $174,168,116,535
2012 $27,084,497,482 $174,047,662,680
2011 $23,963,164,697 $154,039,231,246
2010 $19,649,723,722 $115,416,245,242
2009 $17,339,992,194 $105,968,691,905
2008 $16,674,276,286 $147,379,737,230
2007 $13,120,108,008 $114,634,043,362
2006 $11,451,844,902 $101,557,330,723
2005 $9,549,122,905 $80,798,630,137
2004 $8,773,451,752 $59,439,090,601
2003 $8,082,399,640 $47,874,582,232
2002 $7,905,485,146 $38,135,788,414
2001 $8,141,516,928 $34,889,559,870
2000 $8,397,855,485 $37,718,743,480
1999 $8,285,064,435 $30,122,365,849
1998 $8,497,494,652 $25,943,705,784
1997 $7,925,736,821 $30,350,190,704
1996 $7,396,949,126 $31,492,373,309
1995 $6,715,161,732 $27,186,980,647
1994 $5,981,222,859 $24,848,483,838
1993 $5,734,699,489 $23,941,391,391
1992 $5,643,868,749 $19,858,555,215
1991 $5,343,262,457 $11,009,993,703
1990 $4,867,582,598 $18,427,777,778
1989 $4,715,973,437 $24,313,855,653
1988 $4,597,612,362 $20,690,322,153
1987 $4,347,956,338 $22,368,704,134
1986 $3,959,382,833 $17,903,989,745
1985 $5,377,276,555 $21,445,970,614
1984 $6,169,483,225 $21,700,082,753
1983 $5,422,656,823 $20,871,081,080
1982 $5,594,126,369 $21,577,153,356
1981 $5,891,598,695 $25,058,020,338
1980 $4,537,479,608 $28,638,868,356
1979 $4,421,336,383 $24,749,063,922
1978 $3,758,220,890 $15,503,557,496
1977 $3,227,436,282 $14,137,406,741
1976 $2,731,984,008 $13,132,252,802
1975 $2,404,697,651 $12,022,811,621
1974 $2,100,249,875 $13,006,948,296
1973 $1,262,968,516 $5,408,804,607
1972 $1,257,615,645 $4,450,537,925
1971 $1,095,622,896 $3,880,392,195
1970 $1,017,003,367 $2,873,638,851
1969 $929,629,630 $2,769,198,892
1968 $857,912,458 $2,662,798,935
1967 $755,808,081 $2,441,599,023
1966 $669,191,919 $2,391,199,044
1965 $604,377,104 $2,097,199,161
1964 $544,023,569 $2,071,668,533
1963 $482,828,283 $1,900,895,857
1962 $448,400,673 $1,828,107,503
1961 $410,101,010 -
1960 $377,020,202 -

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

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

GDP per capita in Bolivia vs Kuwait by year

Bolivia
GDP per capita

GDP per capita, PPP
Kuwait
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bolivia Kuwait
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $4,421 $12,878 $32,718 $52,444
2023 $4,275 $12,892 $34,076 $53,025
2022 $4,219 $12,307 $39,982 $55,043
2021 $4,011 $11,202 $34,019 $50,652
2020 $3,581 $9,581 $25,236 $41,462
2019 $4,203 $11,005 $31,708 $50,703
2018 $4,207 $10,758 $32,068 $51,371
2017 $4,048 $10,420 $29,048 $46,566
2016 $3,036 $9,242 $27,324 $41,862
2015 $2,996 $8,757 $29,882 $45,267
2014 $3,041 $8,629 $44,369 $68,337
2013 $2,870 $8,069 $49,651 $76,813
2012 $2,576 $7,184 $52,155 $82,090
2011 $2,316 $6,598 $49,170 $79,037
2010 $1,930 $6,245 $39,212 $75,184
2009 $1,731 $6,024 $37,907 $80,110
2008 $1,693 $5,890 $55,585 $90,337
2007 $1,355 $5,537 $45,709 $91,435
2006 $1,203 $5,244 $42,947 $89,075
2005 $1,020 $4,938 $36,123 $84,968
2004 $953 $4,663 $27,552 $77,227
2003 $893 $4,433 $22,691 $69,752
2002 $888 $4,304 $18,513 $59,713
2001 $930 $4,205 $17,374 $58,553
2000 $976 $4,113 $19,296 $58,703
1999 $979 $3,991 $15,854 $56,406
1998 $1,022 $3,988 $14,067 $58,344
1997 $970 $3,822 $16,977 $57,420
1996 $922 $3,645 $18,201 $56,913
1995 $853 $3,494 $16,168 $57,163
1994 $774 $3,331 $14,930 $53,946
1993 $757 $3,177 $14,318 $48,482
1992 $760 $3,036 $12,146 $36,149
1991 $734 $2,981 $8,147 $23,390
1990 $683 $2,797 $10,938 $30,763
1989 $675 - $10,965 -
1988 $673 - $9,692 -
1987 $650 - $10,896 -
1986 $604 - $9,077 -
1985 $838 - $11,322 -
1984 $982 - $11,919 -
1983 $882 - $11,965 -
1982 $930 - $12,979 -
1981 $1,001 - $15,825 -
1980 $788 - $19,032 -
1979 $785 - $17,386 -
1978 $683 - $11,567 -
1977 $600 - $11,238 -
1976 $520 - $11,141 -
1975 $468 - $10,882 -
1974 $418 - $12,527 -
1973 $257.2 - $5,532 -
1972 $261.9 - $4,836 -
1971 $233.4 - $4,486 -
1970 $221.6 - $3,552 -
1969 $207.1 - $3,695 -
1968 $195.5 - $3,872 -
1967 $176.1 - $3,887 -
1966 $159.3 - $4,176 -
1965 $147.1 - $4,024 -
1964 $135.2 - $4,379 -
1963 $122.6 - $4,445 -
1962 $116.2 - $4,748 -
1961 $108.5 - - -
1960 $101.8 - - -

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

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

Bolivia's GDP per capita is $4,421, ranking 125/197, compared to $32,718 in Kuwait, ranking 37/197. Adjusted for purchasing power (GDP per capita PPP), Bolivia ranks 122nd at $12,878, while Kuwait ranks 40th at $52,444.

Economic indicators

Bolivia Kuwait
Gross domestic product
$54.9B
2024
$160B
2024
GDP rank
88/197
2024
59/197
2024
GDP growth
-1.12%
2023-2024
-2.56%
2023-2024
GDP per capita
$4,421
2024
$32,718
2024
GDP per capita rank
125/197
2024
37/197
2024
GDP per capita, PPP
$12,878
2024
$52,444
2024
GDP per capita PPP rank
122/197
2024
40/197
2024
Government debt
$53.8B
2024
$4.68B
2024
Debt-to-GDP ratio
98%
2024
2.92%
2024
Government debt per person
$4,331
2024
$956
2024
Government debt per person rank
88/185
2024
143/185
2024
Average annual personal income after taxes
$4,720
2026
$23,828
2026
Market capitalization of domestic companies n/a
$141B
2024
Income share by richest 10%
31.3%
2023
n/a
Income share by poorest 10%
1.8%
2023
n/a
Government expenditure, % of GDP
39.8%
2024
50.4%
2024
Consumer prices inflation
5.1%
2023-2024
2.9%
2023-2024
Central bank interest rate
3.26%
2025
3.5%
2025
Unemployment rate
2.73%
2024
2.16%
2016
Population
12798112
5100145

Spending and national debt comparison by year

Bolivia
Spending

Debt
Kuwait
Spending

Debt
1x
Year % of GDP
Bolivia Kuwait
Government spending Government debt Government spending Government debt
2024 39.8% 98% 50.4% 2.92%
2023 38.7% 90.8% 48.3% 3.13%
2022 36% 80.1% 39.6% 2.95%
2021 34.8% 81.4% 48.3% 7.2%
2020 36.8% 78% 62.9% 10.2%
2019 36.1% 58.6% 50.3% 10.5%
2018 37.7% 53.1% 51.1% 14.3%
2017 38.6% 51.3% 51.9% 19.6%
2016 40% 46.5% 54.1% 9.88%
2015 44.5% 40.9% 55.4% 4.6%
2014 41.2% 37.6% 45% 3.43%
2013 35.4% 36.1% 38.4% 3.09%
2012 36% 35.4% 38.2% 3.6%
2011 35.4% 35.3% 39.7% 4.64%
2010 31.5% 37.6% 45.5% 6.16%
2009 33.2% 39.2% 42.9% 6.65%
2008 35.3% 36.8% 40.9% 5.38%
2007 32.7% 40% 30.4% 7.05%
2006 29.8% 54.4% 32.3% 7.79%
2005 33.2% 82.2% 28.8% 10.2%
2004 32.3% 89.8% 35.3% 13.9%
2003 32% 95.6% 38.2% 17.2%
2002 33.3% 86.7% 42.8% 21.3%
2001 32% 83% 41.4% 23%
2000 29.3% 74.3% 29.9% 21.4%
1999 29.4% 61.7% 44.5% 25.5%
1998 30% 61.2% 51.7% 25.6%
1997 28.3% 64.6% 43.8% 24.3%
1996 26% 72.4% 42.8% 26.5%
1995 25.8% 81.7% 52% 34.9%
1994 26.8% 87.6% 57.8% 37.7%
1993 27.2% 83.8% 58.2% 28.8%
1992 25.3% 92.4% 77.6% 27.9%
1991 24.2% 92.8% 208.9% 45.3%
1990 22.8% 102.9% 122.9% -
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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

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

In 2024, Bolivia's government spending was $21.9B, accounting for 39.8% of its GDP, while Kuwait spent $80.8B, or 50.4% of GDP.

Debt-to-GDP ratio is 98% in Bolivia and 2.92% in Kuwait, ranking 26/185 and 184/185, respectively.

Government deficit by year

Deficit/surplus
Bolivia

Kuwait
1x
Year Deficit/surplus, % of GDP
Bolivia Kuwait
2024 -10.6% 23.8%
2023 -10.9% 28.2%
2022 -7.12% 30%
2021 -9.33% 9.98%
2020 -12.7% 0.14%
2019 -7.25% 13%
2018 -8.17% 17.5%
2017 -7.86% 15.3%
2016 -7.24% 13.1%
2015 -6.93% 16.6%
2014 -3.41% 30%
2013 0.6% 40.6%
2012 1.72% 40.7%
2011 0.83% 38.8%
2010 1.62% 31.9%
2009 2.63% 31.3%
2008 3.53% 21.3%
2007 -1.54% 37.1%
2006 4.47% 28%
2005 -2.24% 38.9%
2004 -5.54% 32.5%
2003 -7.88% 27.2%
2002 -8.79% 31%
2001 -6.82% 45.2%
2000 -3.73% 52.5%
1999 -3.84% 28.2%
1998 -5.1% 19.5%
1997 -3.28% 29.5%
1996 -1.9% 24.3%
1995 -1.82% 11.7%
1994 -3% 1.76%
1993 -6.1% -3.12%
1992 -4.4% -28.1%
1991 -4.2% -145%
1990 -4.4% -50%
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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1950–1989, retrieved 2026-02-20).

GeoRank.org/economy/bolivia/kuwait | 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 Kuwait's surplus of $38.1B, or 23.8% of GDP.

Over the past 35 years, Bolivia recorded a fiscal deficit in 28 of those years, while Kuwait ran a deficit in 4 years. On average, Bolivia posted an annual deficit equal to 4.31% of GDP, compared to surplus of 16.7% of GDP for Kuwait.

Inflation comparison by year

Inflation
Bolivia

Kuwait
1x
Year Consumer prices inflation
Bolivia Kuwait
2024 5.1% 2.9%
2023 2.58% 3.64%
2022 1.75% 3.98%
2021 0.74% 3.42%
2020 0.94% 2.1%
2019 1.84% 1.09%
2018 2.27% 0.54%
2017 2.82% 2.17%
2016 3.62% 3.2%
2015 4.06% 3.27%
2014 5.77% 2.91%
2013 5.74% 2.68%
2012 4.52% 3.26%
2011 9.88% 4.84%
2010 2.5% 4.5%
2009 3.35% 4.61%
2008 14% 10.6%
2007 8.71% 5.48%
2006 4.28% 3.06%
2005 5.39% 4.14%
2004 4.44% 1.25%
2003 3.34% 0.96%
2002 0.93% 0.89%
2001 1.59% 1.3%
2000 4.61% 1.81%
1999 2.16% 2.99%
1998 7.67% 0.13%
1997 4.71% 0.68%

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

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

Over the past 28 years, Bolivia has recorded an average annual inflation rate of 4.26%, compared with 2.94% in Kuwait. In 2024, inflation was 5.1% in Bolivia and 2.9% in Kuwait.

Top exports between countries

Bolivia
Export category Export value
Raw agricultural goods $215K
Processed food, beverages & tobacco $197K
Machinery & equipment $2K
Metals $1K
Kuwait
Export category Export value

Balance of trade

Bolivia Kuwait
Current account balance
-$1.41B
2024
$46.7B
2024
Current account balance ranking
132/190
2024
15/190
2024
Current account balance, % of GDP
-2.56%
2024
+29.1%
2024
Goods imports
$9.15B
2024
$33.4B
2024
Goods exports
$8.93B
2024
$77.5B
2024
Service imports
$2.35B
2024
$28.1B
2024
Service exports
$1.14B
2024
$12.2B
2024
Imports of goods and services, % of GDP
25.5%
2024
38.3%
2023
Exports of goods and services, % of GDP
21.4%
2024
57.7%
2023

Economic freedom indices

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

Bolivia Kuwait
Economic freedom 42.4 59.9
Economic freedom ranking 184/197 100/197
Property rights 20.2 42
Government integrity 27.1 47.9
Judicial effectiveness 29.5 43.4
Tax burden 86.4 97.7
Government spending 56.3 36.2
Fiscal health 0.8 99.9
Business freedom 53.6 57.4
Labor freedom 52.2 49.2
Monetary freedom 67.1 68.7
Trade freedom 60.6 75.8
Investment freedom 15 50
Financial freedom 40 50

Economic freedom comparison by year

Bolivia
Kuwait
1x
Year Economic freedom index
Bolivia Kuwait
2026 42.4 59.9
2025 44.1 59.9
2024 43.5 58.5
2023 43.4 56.7
2022 43 58.3
2021 42.7 64.1
2020 42.8 63.2
2019 42.3 60.8
2018 44.1 62.2
2017 47.7 65.1
2016 47.4 62.7
2015 46.8 62.5
2014 48.4 62.3
2013 47.9 63.1
2012 50.2 62.5
2011 50 64.9
2010 49.4 67.7
2009 53.6 65.6
2008 53.1 68.1
2007 54.2 66.4
2006 57.8 66.5
2005 58.4 64.6
2004 64.5 63.6
2003 64.3 66.7
2002 65.1 65.4
2001 68 68.2
2000 65 69.7
1999 65.6 69.5
1998 68.8 66.3
1997 65.1 64.8
1996 65.2 66.1
1995 56.8 -

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

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

The Economic Freedom Index for Bolivia is 42.4, ranking 184/197, compared to 59.9 for Kuwait, ranking 100/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bolivia Kuwait
Services, % of GDP
53.4%
2024
55.9%
2024
Industry, % of GDP
31.3%
2024
57.1%
2024
Agriculture, forestry, and fishing, % of GDP
8.83%
2024
0.49%
2024
GNI, Atlas method
$51.7B
2024
$200B
2024
GNI per capita, PPP
$12,620
2024
$63,270
2024
Total reserves including gold
$1.98B
2024
$50.7B
2024
Total reserves ranking
127/177
2024
41/177
2024
Net foreign direct investment
-$113M
2024
$9.71B
2024
Net inflows of foreign direct investment
$387M
2024
$615M
2024
Net outflows of foreign direct investment
$133M
2024
$10.3B
2024
Servicing debt to the IMF, % of GNI
3.41%
2024
n/a
Poverty at national poverty lines
36.5%
2023
n/a
Gross capital formation, % of GDP
17.9%
2024
17.7%
2023

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/kuwait | 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 (2021–2024, 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.