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Economy of Bolivia vs Kuwait compared: GDP & Debt

Updated on by Georank

Bolivia has a GDP of $64.8B compared to $157B for Kuwait, ranking 88/197 and 59/197 by economy size, respectively.

Bolivia has $54.9B in government debt (84.8% of GDP), compared to $22.9B (14.6% of GDP) in Kuwait.

Bolivia vs Kuwait GDP by year

Bolivia
Kuwait
1x
Year GDP, current $
Bolivia Kuwait
2025 $64,768,947,525 $157,209,026,926
2024 $54,881,327,453 $160,903,106,639
2023 $52,340,206,946 $165,462,656,227
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 (1960–2025, retrieved 2026-07-08).

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
2025 $5,148 - $32,312 -
2024 $4,421 $12,878 $32,856 $52,444
2023 $4,275 $12,892 $34,092 $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 (1960–2025, retrieved 2026-07-08).

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

Bolivia's GDP per capita is $5,148, ranking 121/197, compared to $32,312 in Kuwait, ranking 41/197. 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
$64.8B
2025
$157B
2025
GDP rank
88/197
2025
59/197
2025
GDP growth
-1.58%
2024-2025
2.73%
2024-2025
GDP per capita
$5,148
2025
$32,312
2025
GDP per capita rank
121/197
2025
41/197
2025
GDP per capita, PPP
$12,878
2024
$52,444
2024
GDP per capita PPP rank
122/197
2024
40/197
2024
Government debt
$54.9B
2025
$22.9B
2025
Debt-to-GDP ratio
84.8%
2025
14.6%
2025
Government debt per person
$4,364
2025
$4,714
2025
Government debt per person rank
93/185
2025
87/185
2025
Average annual personal income after taxes
$4,410
2026
$24,940
2026
Market capitalization of domestic companies n/a
$172B
2025
Income share by richest 10%
30.6%
2024
n/a
Income share by poorest 10%
1.9%
2024
n/a
Government expenditure, % of GDP
32.2%
2025
50.1%
2025
Consumer prices inflation
19.5%
2024-2025
2.36%
2024-2025
Central bank interest rate
3.26%
2025
3.5%
2025
Unemployment rate
2.73%
2024
2.16%
2016
Population
12837312
4981316

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
2025 32.2% 84.8% 50.1% 14.6%
2024 33.5% 83.2% 48% 2.91%
2023 33.5% 78.3% 48.3% 3.13%
2022 31.2% 69.2% 39.6% 2.95%
2021 29.4% 68.7% 48.3% 7.2%
2020 31.9% 67.5% 62.9% 10.2%
2019 30.1% 48.9% 50.2% 10.5%
2018 31.4% 44.2% 51% 14.3%
2017 31.6% 41.9% 51.9% 19.6%
2016 32.9% 38.2% 54% 9.88%
2015 37% 34% 55.3% 4.6%
2014 34.9% 31.8% 45% 3.43%
2013 30.4% 31% 38.4% 3.09%
2012 31.3% 30.7% 38.1% 3.6%
2011 30.6% 30.5% 39.6% 4.64%
2010 27.5% 32.8% 45.4% 6.16%
2009 28.9% 34.1% 42.8% 6.65%
2008 31.1% 32.4% 40.8% 5.38%
2007 28.9% 35.5% 30.4% 7.05%
2006 26.6% 48.6% 32.2% 7.79%
2005 29.5% 73.2% 28.7% 10.2%
2004 29% 80.6% 35.2% 13.9%
2003 28.6% 85.5% 38% 17.2%
2002 29.6% 77.2% 42.5% 21.3%
2001 28.6% 74.4% 41.2% 23%
2000 26.2% 66.5% 29.7% 21.4%
1999 26.3% 61.7% 44.3% 25.5%
1998 26.8% 61.2% 51.4% 25.6%
1997 25.3% 64.6% 43.5% 24.3%
1996 23.3% 72.4% 42.5% 26.5%
1995 23.1% 81.7% 51.7% 34.9%
1994 23.9% 87.6% 57.5% 37.7%
1993 24.3% 83.8% 58% 28.8%
1992 22.6% 92.4% 77.4% 27.9%
1991 21.6% 92.8% 208.1% 45.3%
1990 20.4% 102.9% 122.4% -
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/kuwait | CC BY

In 2025, Bolivia's government spending was $20.8B, accounting for 32.2% of its GDP, while Kuwait spent $78.8B, or 50.1% of GDP.

Debt-to-GDP ratio is 84.8% in Bolivia and 14.6% in Kuwait, ranking 36/185 and 177/185, respectively.

Government deficit by year

Deficit/surplus
Bolivia

Kuwait
1x
Year Deficit/surplus, % of GDP
Bolivia Kuwait
2025 -11.6% 28.4%
2024 -8.7% 26%
2023 -9.46% 28.2%
2022 -6.15% 30%
2021 -7.87% 9.99%
2020 -11% 0.16%
2019 -6.04% 13%
2018 -6.8% 17.6%
2017 -6.42% 15.3%
2016 -5.95% 12.8%
2015 -5.76% 16.3%
2014 -2.88% 29.8%
2013 0.51% 40.4%
2012 1.49% 40.5%
2011 0.72% 38.6%
2010 1.42% 31.7%
2009 2.29% 31.1%
2008 3.1% 21.2%
2007 -1.37% 36.9%
2006 3.99% 27.8%
2005 -2% 38.8%
2004 -4.97% 32.3%
2003 -7.04% 27%
2002 -7.82% 30.9%
2001 -6.11% 44.9%
2000 -3.34% 52.3%
1999 -3.43% 28%
1998 -4.56% 19.4%
1997 -2.94% 29.4%
1996 -1.7% 24.2%
1995 -1.63% 11.7%
1994 -2.68% 1.71%
1993 -5.46% -3.2%
1992 -3.94% -28%
1991 -3.76% -144.5%
1990 -3.94% -49.9%
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/kuwait | 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 Kuwait's surplus of $44.6B, or 28.4% of GDP.

Over the past 36 years, Bolivia recorded a fiscal deficit in 29 of those years, while Kuwait ran a deficit in 4 years. On average, Bolivia posted an annual deficit equal to 3.94% of GDP, compared to surplus of 17% of GDP for Kuwait.

Inflation comparison by year

Inflation
Bolivia

Kuwait
1x
Year Consumer prices inflation
Bolivia Kuwait
2025 19.5% 2.36%
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 (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Bolivia has recorded an average annual inflation rate of 4.79%, compared with 2.92% in Kuwait. In 2025, inflation was 19.5% in Bolivia and 2.36% in Kuwait.

Top exports between countries

Bolivia
Export category Export value
Processed food, beverages & tobacco $738K
Raw agricultural goods $191K
Machinery & equipment $30K
Chemicals & pharma $1K
Metals $1K
Kuwait
Export category Export value

Balance of trade

Bolivia Kuwait
Current account balance
-$1.22B
2025
$35.7B
2025
Current account balance ranking
124/190
2025
16/190
2025
Current account balance, % of GDP
-1.88%
2025
+22.7%
2025
Goods imports
$9.23B
2025
$37.5B
2025
Goods exports
$9.56B
2025
$70.7B
2025
Service imports
$2.25B
2025
$29.6B
2025
Service exports
$1.21B
2025
$12.7B
2025
Imports of goods and services, % of GDP
25.5%
2024
38.2%
2024
Exports of goods and services, % of GDP
21.4%
2024
55.8%
2024

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 2026-07-08).

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
59.6%
2025
Industry, % of GDP
31.3%
2024
54.1%
2025
Agriculture, forestry, and fishing, % of GDP
8.83%
2024
0.53%
2025
GNI, Atlas method
$55.6B
2025
$201B
2024
GNI per capita, PPP
$12,530
2025
$64,040
2024
Total reserves including gold
$580M
2025
$51.7B
2025
Total reserves ranking
155/177
2025
47/177
2025
Net foreign direct investment
-$464M
2025
$2.58B
2025
Net inflows of foreign direct investment
$358M
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
37.7%
2024
n/a
Gross capital formation, % of GDP
17.9%
2024
15.1%
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/kuwait | 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 (2021–2025, 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.