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Economy of Bolivia vs Liberia compared: GDP & Debt

Updated on by Georank

Bolivia has a GDP of $64.8B compared to $5.25B for Liberia, ranking 88/197 and 162/197 by economy size, respectively.

Bolivia has $54.9B in government debt (84.8% of GDP), compared to $2.88B (54.9% of GDP) in Liberia.

Bolivia vs Liberia GDP by year

Bolivia
Liberia
1x
Year GDP, current $
Bolivia Liberia
2025 $64,768,947,525 $5,245,938,900
2024 $54,881,327,453 $4,779,300,900
2023 $52,340,206,946 $4,390,000,000
2022 $50,959,081,954 $4,001,047,000
2021 $47,877,892,402 $3,513,049,500
2020 $42,313,784,081 $3,176,126,300
2019 $49,056,643,589 $3,319,596,500
2018 $48,414,038,842 $3,422,754,800
2017 $45,927,439,595 $3,390,703,400
2016 $33,941,126,194 $3,398,419,600
2015 $33,000,198,249 $3,227,075,700
2014 $32,996,188,017 $3,225,652,000
2013 $30,659,338,886 $3,177,198,100
2012 $27,084,497,482 $2,791,614,000
2011 $23,963,164,697 $2,398,000,000
2010 $19,649,723,722 $1,998,000,000
2009 $17,339,992,194 $1,768,000,000
2008 $16,674,276,286 $1,726,000,000
2007 $13,120,108,008 $1,373,000,000
2006 $11,451,844,902 $1,119,000,000
2005 $9,549,122,905 $949,000,000
2004 $8,773,451,752 $897,000,000
2003 $8,082,399,640 $748,000,000
2002 $7,905,485,146 $927,000,000
2001 $8,141,516,928 $906,000,000
2000 $8,397,855,485 $874,000,000
1999 $8,285,064,435 $441,800,000
1998 $8,497,494,652 $359,600,000
1997 $7,925,736,821 $295,900,000
1996 $7,396,949,126 $159,400,000
1995 $6,715,161,732 $134,800,000
1994 $5,981,222,859 $132,200,000
1993 $5,734,699,489 $160,400,000
1992 $5,643,868,749 $223,500,000
1991 $5,343,262,457 $348,000,000
1990 $4,867,582,598 $384,400,000
1989 $4,715,973,437 $786,300,000
1988 $4,597,612,362 $1,038,300,000
1987 $4,347,956,338 $972,800,000
1986 $3,959,382,833 $840,964,400
1985 $5,377,276,555 $851,296,100
1984 $6,169,483,225 $848,478,300
1983 $5,422,656,823 $823,374,900
1982 $5,594,126,369 $863,933,200
1981 $5,891,598,695 $846,514,500
1980 $4,537,479,608 $854,711,500
1979 $4,421,336,383 $814,067,900
1978 $3,758,220,890 $717,240,400
1977 $3,227,436,282 $673,010,600
1976 $2,731,984,008 $596,675,700
1975 $2,404,697,651 $577,549,300
1974 $2,100,249,875 $486,955,000
1973 $1,262,968,516 $386,968,300
1972 $1,257,615,645 $368,098,000
1971 $1,095,622,896 $341,543,100
1970 $1,017,003,367 $323,099,700
1969 $929,629,630 $306,961,800
1968 $857,912,458 $276,820,700
1967 $755,808,081 $261,024,300
1966 $669,191,919 $244,459,500
1965 $604,377,104 $229,260,800
1964 $544,023,569 $218,929,100
1963 $482,828,283 $200,229,600
1962 $448,400,673 $191,861,800
1961 $410,101,010 $183,920,900
1960 $377,020,202 $190,495,600

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

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

GDP per capita in Bolivia vs Liberia by year

Bolivia
GDP per capita

GDP per capita, PPP
Liberia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bolivia Liberia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $5,148 - $915 -
2024 $4,421 $12,878 $851 $1,871
2023 $4,275 $12,892 $799 $1,795
2022 $4,219 $12,307 $745 $1,692
2021 $4,011 $11,202 $668 $1,539
2020 $3,581 $9,581 $617 $1,660
2019 $4,203 $11,005 $658 $1,900
2018 $4,207 $10,758 $692 $1,800
2017 $4,048 $10,420 $699 $1,665
2016 $3,036 $9,242 $715 $1,490
2015 $2,996 $8,757 $693 $1,340
2014 $3,041 $8,629 $707 $1,419
2013 $2,870 $8,069 $711 $1,360
2012 $2,576 $7,184 $638 $1,157
2011 $2,316 $6,598 $568 $1,041
2010 $1,930 $6,245 $492 $980
2009 $1,731 $6,024 $448 $939
2008 $1,693 $5,890 $452 $915
2007 $1,355 $5,537 $374 $873
2006 $1,203 $5,244 $321 $815
2005 $1,020 $4,938 $287.5 $774
2004 $953 $4,663 $284.1 $745
2003 $893 $4,433 $239.8 $716
2002 $888 $4,304 $299.5 $1,013
2001 $930 $4,205 $300 $987
2000 $976 $4,113 $298.5 $965
1999 $979 $3,991 $156.6 $762
1998 $1,022 $3,988 $134.7 $652
1997 $970 $3,822 $122.6 $548
1996 $922 $3,645 $71.4 $282.2
1995 $853 $3,494 $62.1 $254.4
1994 $774 $3,331 $61.5 $262.6
1993 $757 $3,177 $74.4 $328
1992 $760 $3,036 $107.8 $497
1991 $734 $2,981 $177.9 $793
1990 $683 $2,797 $172.9 $787
1989 $675 - $312 -
1988 $673 - $424 -
1987 $650 - $409 -
1986 $604 - $364 -
1985 $838 - $380 -
1984 $982 - $390 -
1983 $882 - $391 -
1982 $930 - $422 -
1981 $1,001 - $426 -
1980 $788 - $443 -
1979 $785 - $435 -
1978 $683 - $394 -
1977 $600 - $381 -
1976 $520 - $347 -
1975 $468 - $346 -
1974 $418 - $299.4 -
1973 $257.2 - $244.4 -
1972 $261.9 - $238.6 -
1971 $233.4 - $227.1 -
1970 $221.6 - $220.3 -
1969 $207.1 - $214.7 -
1968 $195.5 - $198.6 -
1967 $176.1 - $192.2 -
1966 $159.3 - $184.6 -
1965 $147.1 - $177.6 -
1964 $135.2 - $173.9 -
1963 $122.6 - $163.1 -
1962 $116.2 - $160.3 -
1961 $108.5 - $157.5 -
1960 $101.8 - $167.2 -

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

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

Bolivia's GDP per capita is $5,148, ranking 121/197, compared to $915 in Liberia, ranking 184/197. Adjusted for purchasing power (GDP per capita PPP), Bolivia ranks 122nd at $12,878, while Liberia ranks 188th at $1,871.

Economic indicators

Bolivia Liberia
Gross domestic product
$64.8B
2025
$5.25B
2025
GDP rank
88/197
2025
162/197
2025
GDP growth
-1.58%
2024-2025
5.02%
2024-2025
GDP per capita
$5,148
2025
$915
2025
GDP per capita rank
121/197
2025
184/197
2025
GDP per capita, PPP
$12,878
2024
$1,871
2024
GDP per capita PPP rank
122/197
2024
188/197
2024
Government debt
$54.9B
2025
$2.88B
2025
Debt-to-GDP ratio
84.8%
2025
54.9%
2025
Government debt per person
$4,364
2025
$502
2025
Government debt per person rank
93/185
2025
167/185
2025
Average annual personal income after taxes
$4,410
2026
$1,467
2026
Income share by richest 10%
30.6%
2024
27.1%
2016
Income share by poorest 10%
1.9%
2024
2.9%
2016
Government expenditure, % of GDP
32.2%
2025
22.4%
2025
Consumer prices inflation
19.5%
2024-2025
8.3%
2024-2025
Central bank interest rate
3.26%
2025
n/a
Unemployment rate
2.73%
2024
5.93%
2017
Population
12837312
5916561

Spending and national debt comparison by year

Bolivia
Spending

Debt
Liberia
Spending

Debt
1x
Year % of GDP
Bolivia Liberia
Government spending Government debt Government spending Government debt
2025 32.2% 84.8% 22.4% 54.9%
2024 33.5% 83.2% 24.1% 56.4%
2023 33.5% 78.3% 28.6% 57.2%
2022 31.2% 69.2% 27.4% 54.4%
2021 29.4% 68.7% 29.8% 53.5%
2020 31.9% 67.5% 35.3% 58.5%
2019 30.1% 48.9% 32.3% 48.1%
2018 31.4% 44.2% 32.7% 36.2%
2017 31.6% 41.9% 35.1% 31.8%
2016 32.9% 38.2% 35.8% 28%
2015 37% 34% 37.1% 24.4%
2014 34.9% 31.8% 33.4% 24.3%
2013 30.4% 31% 27.4% 20.6%
2012 31.3% 30.7% 30.8% 20.5%
2011 30.6% 30.5% 29.8% 22.5%
2010 27.5% 32.8% 25.1% 25.4%
2009 28.9% 34.1% 24% 132.2%
2008 31.1% 32.4% 21.8% 235.3%
2007 28.9% 35.5% 16.1% 367%
2006 26.6% 48.6% 10.6% 451%
2005 29.5% 73.2% 11.7% 488%
2004 29% 80.6% 12.1% 543%
2003 28.6% 85.5% 8.98% 600%
2002 29.6% 77.2% 12.7% 464%
2001 28.6% 74.4% 12.1% 465%
2000 26.2% 66.5% 14.5% 468%
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/liberia | CC BY

In 2025, Bolivia's government spending was $20.8B, accounting for 32.2% of its GDP, while Liberia spent $1.18B, or 22.4% of GDP.

Debt-to-GDP ratio is 84.8% in Bolivia and 54.9% in Liberia, ranking 36/185 and 90/185, respectively.

Government deficit by year

Deficit/surplus
Bolivia

Liberia
1x
Year Deficit/surplus, % of GDP
Bolivia Liberia
2025 -11.6% -1.41%
2024 -8.7% -1.8%
2023 -9.46% -8.55%
2022 -6.15% -5.82%
2021 -7.87% -2.5%
2020 -11% -4.02%
2019 -6.04% -4.92%
2018 -6.8% -4.7%
2017 -6.42% -7.14%
2016 -5.95% -3.83%
2015 -5.76% -3.74%
2014 -2.88% -4.92%
2013 0.51% 1.29%
2012 1.49% -2.86%
2011 0.72% -4.39%
2010 1.42% 1.16%
2009 2.29% -1.4%
2008 3.1% -2.7%
2007 -1.37% 2.28%
2006 3.99% 4.23%
2005 -2% -0.51%
2004 -4.97% -0.56%
2003 -7.04% 0.36%
2002 -7.82% -1.57%
2001 -6.11% -0.94%
2000 -3.34% -0.08%
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/liberia | 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 Liberia's deficit of $74.2M, or 1.41% of GDP.

Over the past 26 years, Bolivia recorded a fiscal deficit in 19 of those years, while Liberia ran a deficit in 21 years. On average, Bolivia posted an annual deficit equal to 4.14% of GDP, compared to deficit of 2.27% of GDP for Liberia.

Inflation comparison by year

Inflation
Bolivia

Liberia
1x
Year Consumer prices inflation
Bolivia Liberia
2025 19.5% 8.3%
2024 5.1% 8.2%
2023 2.58% 10.1%
2022 1.75% 7.6%
2021 0.74% 7.8%
2020 0.94% 17%
2019 1.84% 27%
2018 2.27% 23.5%
2017 2.82% 12.4%
2016 3.62% 8.8%
2015 4.06% 7.7%
2014 5.77% 9.9%
2013 5.74% 7.6%
2012 4.52% 6.8%
2011 9.88% 8.5%
2010 2.5% 7.3%
2009 3.35% 7.4%
2008 14% 17.5%
2007 8.71% 11.4%
2006 4.28% 9.5%
2005 5.39% 6.9%
2004 4.44% 3.6%
2003 3.34% 10.3%
2002 0.93% 14.2%
2001 1.59% 12.1%
2000 4.61% 5.3%
1999 2.16% 2%
1998 7.67% -
1997 4.71% -

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | World Economic Outlook (1999–2025, retrieved 2026-07-08).

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

Over the past 27 years, Bolivia has recorded an average annual inflation rate of 4.68%, compared with 10.3% in Liberia. In 2025, inflation was 19.5% in Bolivia and 8.3% in Liberia.

Top exports between countries

Bolivia
Export category Export value
Animal & marine products $83K
Liberia
Export category Export value

Balance of trade

Bolivia Liberia
Current account balance
-$1.22B
2025
$120M
2024
Current account balance ranking
124/190
2025
62/190
2024
Current account balance, % of GDP
-1.88%
2025
+2.51%
2024
Goods imports
$9.23B
2025
$1.51B
2024
Goods exports
$9.56B
2025
$1.31B
2024
Service imports
$2.25B
2025
$253M
2024
Service exports
$1.21B
2025
$42.6M
2024
Imports of goods and services, % of GDP
25.5%
2024
n/a
Exports of goods and services, % of GDP
21.4%
2024
28.5%
2026

Economic freedom indices

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

Bolivia Liberia
Economic freedom 42.4 49.8
Economic freedom ranking 184/197 163/197
Property rights 20.2 40.4
Government integrity 27.1 25.8
Judicial effectiveness 29.5 23.4
Tax burden 86.4 86.1
Government spending 56.3 79.5
Fiscal health 0.8 56.9
Business freedom 53.6 38
Labor freedom 52.2 43.4
Monetary freedom 67.1 71.4
Trade freedom 60.6 57.4
Investment freedom 15 55
Financial freedom 40 20

Economic freedom comparison by year

Bolivia
Liberia
1x
Year Economic freedom index
Bolivia Liberia
2026 42.4 49.8
2025 44.1 48.5
2024 43.5 49.9
2023 43.4 49.6
2022 43 47.9
2021 42.7 49.2
2020 42.8 49
2019 42.3 49.7
2018 44.1 50.9
2017 47.7 49.1
2016 47.4 52.2
2015 46.8 52.7
2014 48.4 52.4
2013 47.9 49.3
2012 50.2 48.6
2011 50 46.5
2010 49.4 46.2
2009 53.6 48.1
2008 53.1 -
2007 54.2 -
2006 57.8 -
2005 58.4 -
2004 64.5 -
2003 64.3 -
2002 65.1 -
2001 68 -
2000 65 -
1999 65.6 -
1998 68.8 -
1997 65.1 -
1996 65.2 -
1995 56.8 -

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

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

The Economic Freedom Index for Bolivia is 42.4, ranking 184/197, compared to 49.8 for Liberia, ranking 163/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bolivia Liberia
Services, % of GDP
53.4%
2024
40%
2025
Industry, % of GDP
31.3%
2024
24.5%
2025
Agriculture, forestry, and fishing, % of GDP
8.83%
2024
32.7%
2025
GNI, Atlas method
$55.6B
2025
$4.76B
2025
GNI per capita, PPP
$12,530
2025
$1,840
2025
Total reserves including gold
$580M
2025
$339M
2025
Total reserves ranking
155/177
2025
166/177
2025
Net foreign direct investment
-$464M
2025
-$397M
2024
Net inflows of foreign direct investment
$358M
2024
$472M
2024
Net outflows of foreign direct investment
$133M
2024
$74.9M
2024
Servicing debt to the IMF, % of GNI
3.41%
2024
3.12%
2024
Poverty at national poverty lines
37.7%
2024
50.9%
2016
Gross capital formation, % of GDP
17.9%
2024
n/a

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/liberia | 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. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)
  8. TradeMap (2025, 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.