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Economy of Bolivia vs Maldives compared: GDP & Debt

Updated on by Georank team

Bolivia has a GDP of $54.9B compared to $7.06B for Maldives, ranking 88/197 and 159/197 by economy size, respectively.

Bolivia has $53.8B in government debt (98% of GDP), compared to $9.41B (133.3% of GDP) in Maldives.

Bolivia vs Maldives GDP by year

Bolivia
Maldives
1x
Year GDP, current $
Bolivia Maldives
2024 $54,881,327,453 $7,061,608,267
2023 $52,340,206,946 $6,621,008,704
2022 $50,959,081,954 $6,177,123,352
2021 $47,877,892,402 $5,252,457,370
2020 $42,313,784,081 $3,712,604,583
2019 $49,056,643,589 $5,726,094,799
2018 $48,414,038,842 $5,404,344,163
2017 $45,927,439,595 $4,816,426,257
2016 $33,941,126,194 $4,409,942,624
2015 $33,000,198,249 $4,129,505,319
2014 $32,996,188,017 $3,697,353,039
2013 $30,659,338,886 $3,295,009,238
2012 $27,084,497,482 $2,886,163,997
2011 $23,963,164,697 $2,774,350,240
2010 $19,649,723,722 $2,588,176,055
2009 $17,339,992,194 $2,345,294,875
2008 $16,674,276,286 $2,271,646,188
2007 $13,120,108,008 $1,868,383,461
2006 $11,451,844,902 $1,575,200,391
2005 $9,549,122,905 $1,163,362,438
2004 $8,773,451,752 $1,226,829,563
2003 $8,082,399,640 $1,052,121,055
2002 $7,905,485,146 $897,031,250
2001 $8,141,516,928 $870,031,677
2000 $8,397,855,485 $624,337,145
1999 $8,285,064,435 $589,239,754
1998 $8,497,494,652 $540,096,398
1997 $7,925,736,821 $508,223,602
1996 $7,396,949,126 $450,382,328
1995 $6,715,161,732 $398,988,955
1994 $5,981,222,859 $356,014,932
1993 $5,734,699,489 $322,417,837
1992 $5,643,868,749 $284,875,809
1991 $5,343,262,457 $244,396,762
1990 $4,867,582,598 $215,043,970
1989 $4,715,973,437 $189,514,434
1988 $4,597,612,362 $168,514,513
1987 $4,347,956,338 $141,223,029
1986 $3,959,382,833 $141,882,254
1985 $5,377,276,555 $127,190,758
1984 $6,169,483,225 $109,503,546
1983 $5,422,656,823 $57,829,787
1982 $5,594,126,369 $47,911,340
1981 $5,891,598,695 $44,781,457
1980 $4,537,479,608 $42,463,576
1979 $4,421,336,383 $38,523,364
1978 $3,758,220,890 $24,369,109
1977 $3,227,436,282 $20,853,789
1976 $2,731,984,008 $22,399,467
1975 $2,404,697,651 $24,540,878
1974 $2,100,249,875 $39,120,171
1973 $1,262,968,516 $30,862,042
1972 $1,257,615,645 $25,177,138
1971 $1,095,622,896 $21,566,404
1970 $1,017,003,367 $19,328,038
1969 $929,629,630 -
1968 $857,912,458 -
1967 $755,808,081 -
1966 $669,191,919 -
1965 $604,377,104 -
1964 $544,023,569 -
1963 $482,828,283 -
1962 $448,400,673 -
1961 $410,101,010 -
1960 $377,020,202 -

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

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

GDP per capita in Bolivia vs Maldives by year

Bolivia
GDP per capita

GDP per capita, PPP
Maldives
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bolivia Maldives
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $4,421 $12,878 $13,379 $26,183
2023 $4,275 $12,892 $12,588 $24,786
2022 $4,219 $12,307 $11,786 $22,881
2021 $4,011 $11,202 $10,176 $19,053
2020 $3,581 $9,581 $7,394 $13,425
2019 $4,203 $11,005 $11,740 $23,077
2018 $4,207 $10,758 $11,423 $21,899
2017 $4,048 $10,420 $10,510 $19,768
2016 $3,036 $9,242 $9,948 $18,770
2015 $2,996 $8,757 $9,645 $17,875
2014 $3,041 $8,629 $8,939 $16,723
2013 $2,870 $8,069 $8,236 $15,264
2012 $2,576 $7,184 $7,461 $13,989
2011 $2,316 $6,598 $7,425 $13,726
2010 $1,930 $6,245 $7,174 $12,797
2009 $1,731 $6,024 $6,734 $12,266
2008 $1,693 $5,890 $6,757 $13,779
2007 $1,355 $5,537 $5,758 $12,852
2006 $1,203 $5,244 $5,019 $12,075
2005 $1,020 $4,938 $3,797 $9,704
2004 $953 $4,663 $4,070 $10,770
2003 $893 $4,433 $3,549 $10,065
2002 $888 $4,304 $3,076 $8,823
2001 $930 $4,205 $3,034 $8,236
2000 $976 $4,113 $2,214 $8,526
1999 $979 $3,991 $2,124 $8,162
1998 $1,022 $3,988 $1,980 $7,710
1997 $970 $3,822 $1,898 $7,226
1996 $922 $3,645 $1,717 $6,687
1995 $853 $3,494 $1,555 $6,223
1994 $774 $3,331 $1,419 $5,520
1993 $757 $3,177 $1,317 $5,138
1992 $760 $3,036 $1,194 $4,881
1991 $734 $2,981 $1,054 $4,604
1990 $683 $2,797 $957 $4,528
1989 $675 - $870 -
1988 $673 - $799 -
1987 $650 - $692 -
1986 $604 - $720 -
1985 $838 - $669 -
1984 $982 - $594 -
1983 $882 - $323 -
1982 $930 - $274.8 -
1981 $1,001 - $264.1 -
1980 $788 - $257.6 -
1979 $785 - $240.2 -
1978 $683 - $156.1 -
1977 $600 - $137.3 -
1976 $520 - $151.8 -
1975 $468 - $171.4 -
1974 $418 - $281.5 -
1973 $257.2 - $228.7 -
1972 $261.9 - $192.2 -
1971 $233.4 - $169.8 -
1970 $221.6 - $156.9 -
1969 $207.1 - - -
1968 $195.5 - - -
1967 $176.1 - - -
1966 $159.3 - - -
1965 $147.1 - - -
1964 $135.2 - - -
1963 $122.6 - - -
1962 $116.2 - - -
1961 $108.5 - - -
1960 $101.8 - - -

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

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

Bolivia's GDP per capita is $4,421, ranking 125/197, compared to $13,379 in Maldives, ranking 75/197. Adjusted for purchasing power (GDP per capita PPP), Bolivia ranks 122nd at $12,878, while Maldives ranks 81st at $26,183.

Economic indicators

Bolivia Maldives
Gross domestic product
$54.9B
2024
$7.06B
2024
GDP rank
88/197
2024
159/197
2024
GDP growth
-1.12%
2023-2024
3.49%
2023-2024
GDP per capita
$4,421
2024
$13,379
2024
GDP per capita rank
125/197
2024
75/197
2024
GDP per capita, PPP
$12,878
2024
$26,183
2024
GDP per capita PPP rank
122/197
2024
81/197
2024
Government debt
$53.8B
2024
$9.41B
2024
Debt-to-GDP ratio
98%
2024
133.3%
2024
Government debt per person
$4,331
2024
$17,837
2024
Government debt per person rank
88/185
2024
35/185
2024
Average annual personal income after taxes
$4,720
2026
$9,909
2026
Income share by richest 10%
31.3%
2023
23.3%
2019
Income share by poorest 10%
1.8%
2023
3.8%
2019
Government expenditure, % of GDP
39.8%
2024
46.1%
2024
Consumer prices inflation
5.1%
2023-2024
1.4%
2023-2024
Central bank interest rate
3.26%
2025
n/a
Unemployment rate
2.73%
2024
4.56%
2019
Population
12798112
532057

Spending and national debt comparison by year

Bolivia
Spending

Debt
Maldives
Spending

Debt
1x
Year % of GDP
Bolivia Maldives
Government spending Government debt Government spending Government debt
2024 39.8% 98% 46.1% 133.3%
2023 38.7% 90.8% 46.7% 122.4%
2022 36% 80.1% 42% 111.6%
2021 34.8% 81.4% 40.6% 123.4%
2020 36.8% 78% 50.4% 155.7%
2019 36.1% 58.6% 32.9% 77.2%
2018 37.7% 53.1% 31.9% 70.7%
2017 38.6% 51.3% 30.4% 63.8%
2016 40% 46.5% 37.3% 61.9%
2015 44.5% 40.9% 33.8% 54.8%
2014 41.2% 37.6% 29.1% 55.1%
2013 35.4% 36.1% 27% 55.9%
2012 36% 35.4% 29.8% 57.1%
2011 35.4% 35.3% 31.3% 51.9%
2010 31.5% 37.6% 33.2% 52.7%
2009 33.2% 39.2% 37% 48.4%
2008 35.3% 36.8% 35.6% 39%
2007 32.7% 40% 34.8% 35.8%
2006 29.8% 54.4% 35% 36.8%
2005 33.2% 82.2% 38.8% 43.2%
2004 32.3% 89.8% 24.1% 34.7%
2003 32% 95.6% 26.4% 37.6%
2002 33.3% 86.7% 29.6% 44.3%
2001 32% 83% 29.6% 41.8%
2000 29.3% 74.3% 29% 39%
1999 29.4% 61.7% 28% 38.9%
1998 30% 61.2% 25.9% 39.3%
1997 28.3% 64.6% 25.2% 38.1%
1996 26% 72.4% 27.3% 46.9%
1995 25.8% 81.7% 31.3% 52.2%
1994 26.8% 87.6% 30.7% 54.6%
1993 27.2% 83.8% 34.7% 55.7%
1992 25.3% 92.4% 36.1% 49%
1991 24.2% 92.8% 37.7% 46.7%
1990 22.8% 102.9% 33.3% 42.4%
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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

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

In 2024, Bolivia's government spending was $21.9B, accounting for 39.8% of its GDP, while Maldives spent $3.25B, or 46.1% of GDP.

Debt-to-GDP ratio is 98% in Bolivia and 133.3% in Maldives, ranking 26/185 and 10/185, respectively.

Government deficit by year

Deficit/surplus
Bolivia

Maldives
1x
Year Deficit/surplus, % of GDP
Bolivia Maldives
2024 -10.6% -13.9%
2023 -10.9% -13.2%
2022 -7.12% -11.2%
2021 -9.33% -14.2%
2020 -12.7% -23.7%
2019 -7.25% -6.54%
2018 -8.17% -5.17%
2017 -7.86% -3.02%
2016 -7.24% -9.93%
2015 -6.93% -6.52%
2014 -3.41% -2.42%
2013 0.6% -3.49%
2012 1.72% -6.91%
2011 0.83% -8.13%
2010 1.62% -13.6%
2009 2.63% -17.9%
2008 3.53% -9.92%
2007 -1.54% -3.16%
2006 4.47% -4.52%
2005 -2.24% -7.81%
2004 -5.54% -2.26%
2003 -7.88% -3.45%
2002 -8.79% -3.97%
2001 -6.82% -3.97%
2000 -3.73% -3.89%
1999 -3.84% -3.03%
1998 -5.1% -2.25%
1997 -3.28% -1.46%
1996 -1.9% -2.01%
1995 -1.82% -5.66%
1994 -3% -4.82%
1993 -6.1% -13.9%
1992 -4.4% -12.6%
1991 -4.2% -10.2%
1990 -4.4% -12.8%
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/maldives | 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 Maldives' deficit of $982M, or 13.9% of GDP.

Over the past 35 years, Bolivia recorded a fiscal deficit in 28 of those years, while Maldives ran a deficit in 35 years. On average, Bolivia posted an annual deficit equal to 4.31% of GDP, compared to deficit of 7.75% of GDP for Maldives.

Inflation comparison by year

Inflation
Bolivia

Maldives
1x
Year Consumer prices inflation
Bolivia Maldives
2024 5.1% 1.4%
2023 2.58% 2.6%
2022 1.75% 2.6%
2021 0.74% 0.2%
2020 0.94% -1.6%
2019 1.84% 1.3%
2018 2.27% 1.4%
2017 2.82% 2.3%
2016 3.62% 0.8%
2015 4.06% 1.4%
2014 5.77% 2.4%
2013 5.74% 4%
2012 4.52% 10.9%
2011 9.88% 11.3%
2010 2.5% 6.1%
2009 3.35% 4.5%
2008 14% 12%
2007 8.71% 6.8%
2006 4.28% 3.5%
2005 5.39% 2.5%
2004 4.44% 6.3%
2003 3.34% -2.8%
2002 0.93% 0.9%
2001 1.59% 0.7%
2000 4.61% -1.2%
1999 2.16% 3%
1998 7.67% -1.4%
1997 4.71% 7.6%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Bolivia has recorded an average annual inflation rate of 4.26%, compared with 3.2% in Maldives. In 2024, inflation was 5.1% in Bolivia and 1.4% in Maldives.

Balance of trade

Bolivia Maldives
Current account balance
-$1.41B
2024
-$1.32B
2024
Current account balance ranking
132/190
2024
130/190
2024
Current account balance, % of GDP
-2.56%
2024
-18.7%
2024
Goods imports
$9.15B
2024
$3.46B
2024
Goods exports
$8.93B
2024
$383M
2024
Service imports
$2.35B
2024
$1.89B
2024
Service exports
$1.14B
2024
$5.03B
2024
Imports of goods and services, % of GDP
25.5%
2024
78.3%
2024
Exports of goods and services, % of GDP
21.4%
2024
78.2%
2024

Economic freedom indices

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

Bolivia Maldives
Economic freedom 42.4 47.6
Economic freedom ranking 184/197 174/197
Property rights 20.2 52.2
Government integrity 27.1 41.9
Judicial effectiveness 29.5 39.3
Tax burden 86.4 89.9
Government spending 56.3 39.5
Fiscal health 0.8 0
Business freedom 53.6 49.7
Labor freedom 52.2 54.1
Monetary freedom 67.1 76.4
Trade freedom 60.6 62.8
Investment freedom 15 35
Financial freedom 40 30

Economic freedom comparison by year

Bolivia
Maldives
1x
Year Economic freedom index
Bolivia Maldives
2026 42.4 47.6
2025 44.1 48.3
2024 43.5 47.8
2023 43.4 46.6
2022 43 47.3
2021 42.7 55.2
2020 42.8 56.5
2019 42.3 53.2
2018 44.1 51.1
2017 47.7 50.3
2016 47.4 53.9
2015 46.8 53.4
2014 48.4 51
2013 47.9 49
2012 50.2 49.2
2011 50 48.3
2010 49.4 49
2009 53.6 51.3
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 2026-03-09).

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

The Economic Freedom Index for Bolivia is 42.4, ranking 184/197, compared to 47.6 for Maldives, ranking 174/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bolivia Maldives
Services, % of GDP
53.4%
2024
72.1%
2024
Industry, % of GDP
31.3%
2024
9.2%
2024
Agriculture, forestry, and fishing, % of GDP
8.83%
2024
3.84%
2024
GNI, Atlas method
$51.7B
2024
$6.15B
2024
GNI per capita, PPP
$12,620
2024
$23,400
2024
Total reserves including gold
$1.98B
2024
$674M
2024
Total reserves ranking
127/177
2024
150/177
2024
Net foreign direct investment
-$113M
2024
-$806M
2024
Net inflows of foreign direct investment
$387M
2024
$806M
2024
Net outflows of foreign direct investment
$133M
2024
$0
2024
Servicing debt to the IMF, % of GNI
3.41%
2024
7.95%
2024
Poverty at national poverty lines
36.5%
2023
15%
2020
Gross capital formation, % of GDP
17.9%
2024
30.8%
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/maldives | CC BY

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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. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)
  8. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.