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Economy of Bolivia vs Mali compared: GDP & Debt

Updated on by Georank team

Bolivia has a GDP of $54.9B compared to $26.8B for Mali, ranking 88/197 and 113/197 by economy size, respectively.

Bolivia has $53.8B in government debt (98% of GDP), compared to $13.9B (51.7% of GDP) in Mali.

Bolivia vs Mali GDP by year

Bolivia
Mali
1x
Year GDP, current $
Bolivia Mali
2024 $54,881,327,453 $26,794,747,240
2023 $52,340,206,946 $24,813,860,599
2022 $50,959,081,954 $22,539,987,719
2021 $47,877,892,402 $22,999,245,263
2020 $42,313,784,081 $20,698,560,939
2019 $49,056,643,589 $20,477,421,885
2018 $48,414,038,842 $20,368,015,381
2017 $45,927,439,595 $18,308,362,040
2016 $33,941,126,194 $16,743,796,800
2015 $33,000,198,249 $15,583,181,170
2014 $32,996,188,017 $17,081,681,993
2013 $30,659,338,886 $15,747,192,681
2012 $27,084,497,482 $14,795,114,603
2011 $23,963,164,697 $15,452,791,789
2010 $19,649,723,722 $12,710,739,159
2009 $17,339,992,194 $12,155,217,833
2008 $16,674,276,286 $11,462,490,840
2007 $13,120,108,008 $9,699,047,443
2006 $11,451,844,902 $8,212,007,554
2005 $9,549,122,905 $7,429,066,951
2004 $8,773,451,752 $6,485,774,930
2003 $8,082,399,640 $5,605,613,011
2002 $7,905,485,146 $4,647,238,257
2001 $8,141,516,928 $4,124,281,594
2000 $8,397,855,485 $3,521,570,876
1999 $8,285,064,435 $4,091,446,054
1998 $8,497,494,652 $3,894,433,432
1997 $7,925,736,821 $3,414,879,486
1996 $7,396,949,126 $3,743,103,420
1995 $6,715,161,732 $3,373,322,735
1994 $5,981,222,859 $2,655,768,636
1993 $5,734,699,489 $3,632,801,877
1992 $5,643,868,749 $3,680,775,037
1991 $5,343,262,457 $3,576,562,682
1990 $4,867,582,598 $3,248,417,791
1989 $4,715,973,437 $2,824,822,489
1988 $4,597,612,362 $2,712,207,901
1987 $4,347,956,338 $2,437,004,680
1986 $3,959,382,833 $2,132,938,007
1985 $5,377,276,555 $1,594,347,021
1984 $6,169,483,225 $1,387,809,615
1983 $5,422,656,823 $1,496,616,127
1982 $5,594,126,369 $1,680,304,773
1981 $5,891,598,695 $2,234,583,940
1980 $4,537,479,608 $2,704,362,789
1979 $4,421,336,383 $1,595,422,956
1978 $3,758,220,890 $1,222,702,573
1977 $3,227,436,282 $1,049,838,548
1976 $2,731,984,008 $939,228,017
1975 $2,404,697,651 $830,710,615
1974 $2,100,249,875 $538,747,340
1973 $1,262,968,516 $563,683,703
1972 $1,257,615,645 $486,617,280
1971 $1,095,622,896 $395,218,629
1970 $1,017,003,367 $359,772,315
1969 $929,629,630 $339,913,867
1968 $857,912,458 $343,771,973
1967 $755,808,081 $275,494,478
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/mali | CC BY

GDP per capita in Bolivia vs Mali by year

Bolivia
GDP per capita

GDP per capita, PPP
Mali
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bolivia Mali
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $4,421 $12,878 $1,095 $3,315
2023 $4,275 $12,892 $1,044 $3,175
2022 $4,219 $12,307 $977 $3,014
2021 $4,011 $11,202 $1,027 $2,796
2020 $3,581 $9,581 $953 $2,724
2019 $4,203 $11,005 $972 $2,820
2018 $4,207 $10,758 $996 $2,684
2017 $4,048 $10,420 $924 $2,607
2016 $3,036 $9,242 $872 $2,532
2015 $2,996 $8,757 $838 $2,330
2014 $3,041 $8,629 $948 $2,185
2013 $2,870 $8,069 $902 $2,059
2012 $2,576 $7,184 $873 $1,990
2011 $2,316 $6,598 $938 $2,046
2010 $1,930 $6,245 $797 $2,012
2009 $1,731 $6,024 $787 $1,945
2008 $1,693 $5,890 $767 $1,893
2007 $1,355 $5,537 $671 $1,852
2006 $1,203 $5,244 $587 $1,832
2005 $1,020 $4,938 $549 $1,771
2004 $953 $4,663 $495 $1,730
2003 $893 $4,433 $442 $1,715
2002 $888 $4,304 $378 $1,581
2001 $930 $4,205 $346 $1,559
2000 $976 $4,113 $305 $1,357
1999 $979 $3,991 $364 $1,376
1998 $1,022 $3,988 $357 $1,332
1997 $970 $3,822 $321 $1,267
1996 $922 $3,645 $360 $1,224
1995 $853 $3,494 $331 $1,154
1994 $774 $3,331 $266.5 $1,147
1993 $757 $3,177 $372 $1,087
1992 $760 $3,036 $385 $1,039
1991 $734 $2,981 $382 $1,091
1990 $683 $2,797 $354 $956
1989 $675 - $314 -
1988 $673 - $307 -
1987 $650 - $280.7 -
1986 $604 - $250 -
1985 $838 - $190.4 -
1984 $982 - $169.1 -
1983 $882 - $186.3 -
1982 $930 - $213.8 -
1981 $1,001 - $290.5 -
1980 $788 - $359 -
1979 $785 - $216.3 -
1978 $683 - $169.1 -
1977 $600 - $148.1 -
1976 $520 - $134.9 -
1975 $468 - $121.5 -
1974 $418 - $80.2 -
1973 $257.2 - $85.4 -
1972 $261.9 - $75.1 -
1971 $233.4 - $62 -
1970 $221.6 - $57.3 -
1969 $207.1 - $55 -
1968 $195.5 - $56.5 -
1967 $176.1 - $46 -
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/mali | CC BY

Bolivia's GDP per capita is $4,421, ranking 125/197, compared to $1,095 in Mali, ranking 173/197. Adjusted for purchasing power (GDP per capita PPP), Bolivia ranks 122nd at $12,878, while Mali ranks 174th at $3,315.

Economic indicators

Bolivia Mali
Gross domestic product
$54.9B
2024
$26.8B
2024
GDP rank
88/197
2024
113/197
2024
GDP growth
-1.12%
2023-2024
4.99%
2023-2024
GDP per capita
$4,421
2024
$1,095
2024
GDP per capita rank
125/197
2024
173/197
2024
GDP per capita, PPP
$12,878
2024
$3,315
2024
GDP per capita PPP rank
122/197
2024
174/197
2024
Government debt
$53.8B
2024
$13.9B
2024
Debt-to-GDP ratio
98%
2024
51.7%
2024
Government debt per person
$4,331
2024
$566
2024
Government debt per person rank
88/185
2024
161/185
2024
Average annual personal income after taxes
$4,720
2026
$1,463
2026
Income share by richest 10%
31.3%
2023
28.3%
2021
Income share by poorest 10%
1.8%
2023
3.2%
2021
Government expenditure, % of GDP
39.8%
2024
24.7%
2024
Consumer prices inflation
5.1%
2023-2024
3.2%
2023-2024
Central bank interest rate
3.26%
2025
n/a
Unemployment rate
2.73%
2024
5.45%
2023
Population
12798112
26143152

Spending and national debt comparison by year

Bolivia
Spending

Debt
Mali
Spending

Debt
1x
Year % of GDP
Bolivia Mali
Government spending Government debt Government spending Government debt
2024 39.8% 98% 24.7% 51.7%
2023 38.7% 90.8% 24.8% 51.9%
2022 36% 80.1% 24.4% 50.3%
2021 34.8% 81.4% 26.9% 51.6%
2020 36.8% 78% 26.1% 47.3%
2019 36.1% 58.6% 23.1% 40.7%
2018 37.7% 53.1% 20.3% 37.5%
2017 38.6% 51.3% 22.9% 38.2%
2016 40% 46.5% 22.3% 37.2%
2015 44.5% 40.9% 20.9% 30.7%
2014 41.2% 37.6% 20% 26.9%
2013 35.4% 36.1% 19.8% 26.4%
2012 36% 35.4% 15.5% 25.4%
2011 35.4% 35.3% 20.6% 24%
2010 31.5% 37.6% 20.3% 25.3%
2009 33.2% 39.2% 22.8% 21.9%
2008 35.3% 36.8% 18.8% 20.1%
2007 32.7% 40% 21.5% 18.5%
2006 29.8% 54.4% 22.1% 18.1%
2005 33.2% 82.2% 21.6% 46.6%
2004 32.3% 89.8% 21.8% 42.4%
2003 32% 95.6% 20.8% 44.1%
2002 33.3% 86.7% 19.9% 42.6%
2001 32% 83% 18.3% 77.5%
2000 29.3% 74.3% 19.4% 90.5%
1999 29.4% 61.7% - -
1998 30% 61.2% - -
1997 28.3% 64.6% - -
1996 26% 72.4% - -
1995 25.8% 81.7% - -
1994 26.8% 87.6% - -
1993 27.2% 83.8% - -
1992 25.3% 92.4% - -
1991 24.2% 92.8% - -
1990 22.8% 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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-02-20).

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

In 2024, Bolivia's government spending was $21.9B, accounting for 39.8% of its GDP, while Mali spent $6.61B, or 24.7% of GDP.

Debt-to-GDP ratio is 98% in Bolivia and 51.7% in Mali, ranking 26/185 and 102/185, respectively.

Government deficit by year

Deficit/surplus
Bolivia

Mali
1x
Year Deficit/surplus, % of GDP
Bolivia Mali
2024 -10.6% -2.57%
2023 -10.9% -3.57%
2022 -7.12% -4.75%
2021 -9.33% -4.91%
2020 -12.7% -5.42%
2019 -7.25% -1.68%
2018 -8.17% -4.74%
2017 -7.86% -2.86%
2016 -7.24% -3.95%
2015 -6.93% -1.82%
2014 -3.41% -2.89%
2013 0.6% -2.37%
2012 1.72% -0.96%
2011 0.83% -3.42%
2010 1.62% -2.57%
2009 2.63% -3.71%
2008 3.53% -1.97%
2007 -1.54% -2.78%
2006 4.47% 27.8%
2005 -2.24% -2.76%
2004 -5.54% -2.36%
2003 -7.88% -1.19%
2002 -8.79% -3.09%
2001 -6.82% -2.8%
2000 -3.73% -2.64%
1999 -3.84% -
1998 -5.1% -
1997 -3.28% -
1996 -1.9% -
1995 -1.82% -
1994 -3% -
1993 -6.1% -
1992 -4.4% -
1991 -4.2% -
1990 -4.4% -
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/mali | 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 Mali's deficit of $687M, or 2.57% of GDP.

Over the past 25 years, Bolivia recorded a fiscal deficit in 18 of those years, while Mali ran a deficit in 24 years. On average, Bolivia posted an annual deficit equal to 4.51% of GDP, compared to deficit of 1.76% of GDP for Mali.

Inflation comparison by year

Inflation
Bolivia

Mali
1x
Year Consumer prices inflation
Bolivia Mali
2024 5.1% 3.2%
2023 2.58% 2.1%
2022 1.75% 9.7%
2021 0.74% 3.8%
2020 0.94% 0.5%
2019 1.84% -3%
2018 2.27% 1.9%
2017 2.82% 2.4%
2016 3.62% -1.8%
2015 4.06% 1.4%
2014 5.77% 0.9%
2013 5.74% -0.6%
2012 4.52% 5.3%
2011 9.88% 3%
2010 2.5% 1.2%
2009 3.35% 2.4%
2008 14% 9.2%
2007 8.71% 1.4%
2006 4.28% 1.6%
2005 5.39% 6.4%
2004 4.44% -3.1%
2003 3.34% -1.3%
2002 0.93% 5%
2001 1.59% 5.2%
2000 4.61% -0.8%
1999 2.16% -1.2%
1998 7.67% 4.1%
1997 4.71% -0.7%

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/mali | CC BY

Over the past 28 years, Bolivia has recorded an average annual inflation rate of 4.26%, compared with 2.08% in Mali. In 2024, inflation was 5.1% in Bolivia and 3.2% in Mali.

Top exports between countries

Bolivia
Export category Export value
Miscellaneous $5K
Mali
Export category Export value

Balance of trade

Bolivia Mali
Current account balance
-$1.41B
2024
-$1.61B
2023
Current account balance ranking
132/190
2024
136/190
2023
Current account balance, % of GDP
-2.56%
2024
-6.49%
2023
Goods imports
$9.15B
2024
$5.73B
2023
Goods exports
$8.93B
2024
$5.65B
2023
Service imports
$2.35B
2024
$2.34B
2023
Service exports
$1.14B
2024
$475M
2023
Imports of goods and services, % of GDP
25.5%
2024
27.3%
2024
Exports of goods and services, % of GDP
21.4%
2024
22.6%
2024

Economic freedom indices

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

Bolivia Mali
Economic freedom 42.4 52.1
Economic freedom ranking 184/197 150/197
Property rights 20.2 13.8
Government integrity 27.1 23.2
Judicial effectiveness 29.5 23.3
Tax burden 86.4 67.9
Government spending 56.3 81.8
Fiscal health 0.8 73.6
Business freedom 53.6 40.8
Labor freedom 52.2 54.1
Monetary freedom 67.1 78.2
Trade freedom 60.6 64
Investment freedom 15 65
Financial freedom 40 40

Economic freedom comparison by year

Bolivia
Mali
1x
Year Economic freedom index
Bolivia Mali
2026 42.4 52.1
2025 44.1 52.6
2024 43.5 52.5
2023 43.4 54.5
2022 43 55.9
2021 42.7 55.6
2020 42.8 55.9
2019 42.3 58.1
2018 44.1 57.6
2017 47.7 58.6
2016 47.4 56.5
2015 46.8 56.4
2014 48.4 55.5
2013 47.9 56.4
2012 50.2 55.8
2011 50 56.3
2010 49.4 55.6
2009 53.6 55.6
2008 53.1 55.6
2007 54.2 54.7
2006 57.8 54.1
2005 58.4 57.3
2004 64.5 56.6
2003 64.3 58.6
2002 65.1 61.1
2001 68 60.1
2000 65 60.3
1999 65.6 58.4
1998 68.8 57.3
1997 65.1 56.4
1996 65.2 57
1995 56.8 52.4

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

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

The Economic Freedom Index for Bolivia is 42.4, ranking 184/197, compared to 52.1 for Mali, ranking 150/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bolivia Mali
Services, % of GDP
53.4%
2024
36.3%
2024
Industry, % of GDP
31.3%
2024
23.5%
2024
Agriculture, forestry, and fishing, % of GDP
8.83%
2024
33.3%
2024
GNI, Atlas method
$51.7B
2024
$25.2B
2024
GNI per capita, PPP
$12,620
2024
$3,230
2024
Total reserves including gold
$1.98B
2024
n/a
Total reserves ranking
127/177
2024
n/a
Net foreign direct investment
-$113M
2024
-$673M
2023
Net inflows of foreign direct investment
$387M
2024
$921M
2024
Net outflows of foreign direct investment
$133M
2024
$78.1M
2024
Servicing debt to the IMF, % of GNI
3.41%
2024
1.41%
2024
Poverty at national poverty lines
36.5%
2023
43.3%
2024
Gross capital formation, % of GDP
17.9%
2024
19.5%
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/mali | 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. TradeMap (2020, retrieved 2026-02-08)

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.