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Economy of Bolivia vs Morocco compared: GDP & Debt

Updated on by Georank team

Bolivia has a GDP of $54.9B compared to $161B for Morocco, ranking 88/197 and 58/197 by economy size, respectively.

Bolivia has $53.8B in government debt (98% of GDP), compared to $109B (67.7% of GDP) in Morocco.

Bolivia vs Morocco GDP by year

Bolivia
Morocco
1x
Year GDP, current $
Bolivia Morocco
2024 $54,881,327,453 $160,610,994,055
2023 $52,340,206,946 $146,036,093,667
2022 $50,959,081,954 $131,245,312,804
2021 $47,877,892,402 $142,022,058,447
2020 $42,313,784,081 $121,353,645,057
2019 $49,056,643,589 $128,920,266,409
2018 $48,414,038,842 $127,341,147,582
2017 $45,927,439,595 $118,540,573,368
2016 $33,941,126,194 $111,572,947,005
2015 $33,000,198,249 $110,413,823,842
2014 $32,996,188,017 $119,130,841,412
2013 $30,659,338,886 $115,739,287,305
2012 $27,084,497,482 $106,937,392,311
2011 $23,963,164,697 $110,080,631,332
2010 $19,649,723,722 $100,865,329,473
2009 $17,339,992,194 $101,154,952,241
2008 $16,674,276,286 $101,822,906,949
2007 $13,120,108,008 $86,947,913,287
2006 $11,451,844,902 $75,883,823,301
2005 $9,549,122,905 $68,852,658,069
2004 $8,773,451,752 $66,114,145,451
2003 $8,082,399,640 $58,029,363,354
2002 $7,905,485,146 $47,077,192,188
2001 $8,141,516,928 $43,831,480,208
2000 $8,397,855,485 $43,017,455,402
1999 $8,285,064,435 $46,266,428,648
1998 $8,497,494,652 $46,497,608,725
1997 $7,925,736,821 $39,147,844,526
1996 $7,396,949,126 $43,161,571,528
1995 $6,715,161,732 $39,030,285,468
1994 $5,981,222,859 $35,604,137,423
1993 $5,734,699,489 $31,655,473,664
1992 $5,643,868,749 $33,711,069,431
1991 $5,343,262,457 $32,285,573,574
1990 $4,867,582,598 $30,179,954,775
1989 $4,715,973,437 $26,314,313,191
1988 $4,597,612,362 $25,705,296,184
1987 $4,347,956,338 $21,765,195,948
1986 $3,959,382,833 $19,462,085,540
1985 $5,377,276,555 $14,991,283,216
1984 $6,169,483,225 $14,824,667,954
1983 $5,422,656,823 $16,251,408,128
1982 $5,594,126,369 $17,692,276,734
1981 $5,891,598,695 $17,788,185,479
1980 $4,537,479,608 $21,728,516,153
1979 $4,421,336,383 $15,911,994,817
1978 $3,758,220,890 $13,236,946,234
1977 $3,227,436,282 $11,049,783,872
1976 $2,731,984,008 $9,584,297,284
1975 $2,404,697,651 $8,984,853,005
1974 $2,100,249,875 $7,675,466,449
1973 $1,262,968,516 $6,242,145,880
1972 $1,257,615,645 $5,074,117,545
1971 $1,095,622,896 $4,356,669,034
1970 $1,017,003,367 $3,956,336,244
1969 $929,629,630 $3,651,622,669
1968 $857,912,458 $3,271,422,333
1967 $755,808,081 $3,046,345,314
1966 $669,191,919 $2,876,401,297
1965 $604,377,104 $2,948,331,090
1964 $544,023,569 $2,798,345,299
1963 $482,828,283 $2,657,252,578
1962 $448,400,673 $2,379,611,125
1961 $410,101,010 $2,025,693,540
1960 $377,020,202 $2,037,154,742

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

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

GDP per capita in Bolivia vs Morocco by year

Bolivia
GDP per capita

GDP per capita, PPP
Morocco
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bolivia Morocco
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $4,421 $12,878 $4,218 $10,415
2023 $4,275 $12,892 $3,872 $9,895
2022 $4,219 $12,307 $3,516 $9,310
2021 $4,011 $11,202 $3,843 $8,623
2020 $3,581 $9,581 $3,317 $7,705
2019 $4,203 $11,005 $3,560 $8,046
2018 $4,207 $10,758 $3,553 $7,801
2017 $4,048 $10,420 $3,344 $8,115
2016 $3,036 $9,242 $3,186 $7,853
2015 $2,996 $8,757 $3,190 $7,799
2014 $3,041 $8,629 $3,483 $7,237
2013 $2,870 $8,069 $3,425 $7,542
2012 $2,576 $7,184 $3,206 $7,308
2011 $2,316 $6,598 $3,345 $7,274
2010 $1,930 $6,245 $3,107 $6,849
2009 $1,731 $6,024 $3,158 $6,629
2008 $1,693 $5,890 $3,222 $6,437
2007 $1,355 $5,537 $2,788 $6,058
2006 $1,203 $5,244 $2,466 $5,781
2005 $1,020 $4,938 $2,268 $5,275
2004 $953 $4,663 $2,207 $5,025
2003 $893 $4,433 $1,962 $4,741
2002 $888 $4,304 $1,612 $4,436
2001 $930 $4,205 $1,521 $4,269
2000 $976 $4,113 $1,513 $3,930
1999 $979 $3,991 $1,651 $3,801
1998 $1,022 $3,988 $1,683 $3,740
1997 $970 $3,822 $1,439 $3,502
1996 $922 $3,645 $1,610 $3,551
1995 $853 $3,494 $1,478 $3,152
1994 $774 $3,331 $1,369 $3,315
1993 $757 $3,177 $1,236 $2,979
1992 $760 $3,036 $1,337 $2,979
1991 $734 $2,981 $1,302 $3,025
1990 $683 $2,797 $1,238 $2,777
1989 $675 - $1,099 -
1988 $673 - $1,094 -
1987 $650 - $944 -
1986 $604 - $861 -
1985 $838 - $678 -
1984 $982 - $687 -
1983 $882 - $772 -
1982 $930 - $862 -
1981 $1,001 - $890 -
1980 $788 - $1,117 -
1979 $785 - $839 -
1978 $683 - $716 -
1977 $600 - $613 -
1976 $520 - $545 -
1975 $468 - $524 -
1974 $418 - $459 -
1973 $257.2 - $382 -
1972 $261.9 - $319 -
1971 $233.4 - $280.6 -
1970 $221.6 - $261.5 -
1969 $207.1 - $247.8 -
1968 $195.5 - $228 -
1967 $176.1 - $218.1 -
1966 $159.3 - $211.5 -
1965 $147.1 - $222.7 -
1964 $135.2 - $216.9 -
1963 $122.6 - $211.3 -
1962 $116.2 - $194.2 -
1961 $108.5 - $169.8 -
1960 $101.8 - $175.2 -

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

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

Bolivia's GDP per capita is $4,421, ranking 125/197, compared to $4,218 in Morocco, ranking 127/197. Adjusted for purchasing power (GDP per capita PPP), Bolivia ranks 122nd at $12,878, while Morocco ranks 132nd at $10,415.

Economic indicators

Bolivia Morocco
Gross domestic product
$54.9B
2024
$161B
2024
GDP rank
88/197
2024
58/197
2024
GDP growth
-1.12%
2023-2024
3.79%
2023-2024
GDP per capita
$4,421
2024
$4,218
2024
GDP per capita rank
125/197
2024
127/197
2024
GDP per capita, PPP
$12,878
2024
$10,415
2024
GDP per capita PPP rank
122/197
2024
132/197
2024
Government debt
$53.8B
2024
$109B
2024
Debt-to-GDP ratio
98%
2024
67.7%
2024
Government debt per person
$4,331
2024
$2,857
2024
Government debt per person rank
88/185
2024
104/185
2024
Average annual personal income after taxes
$4,720
2026
$5,678
2026
Market capitalization of domestic companies n/a
$74.5B
2024
Number of billionaires n/a
3
2025
Income share by richest 10%
31.3%
2023
31.9%
2013
Income share by poorest 10%
1.8%
2023
2.7%
2013
Government expenditure, % of GDP
39.8%
2024
33%
2024
Consumer prices inflation
5.1%
2023-2024
0.99%
2023-2024
Central bank interest rate
3.26%
2025
2.25%
2025
Unemployment rate
2.73%
2024
11.8%
2022
Population
12798112
38871720

Spending and national debt comparison by year

Bolivia
Spending

Debt
Morocco
Spending

Debt
1x
Year % of GDP
Bolivia Morocco
Government spending Government debt Government spending Government debt
2024 39.8% 98% 33% 67.7%
2023 38.7% 90.8% 32% 68.7%
2022 36% 80.1% 33.7% 71.4%
2021 34.8% 81.4% 31% 69.4%
2020 36.8% 78% 34.1% 72.2%
2019 36.1% 58.6% 27.6% 60.3%
2018 37.7% 53.1% 27.8% 60.5%
2017 38.6% 51.3% 27.9% 60.3%
2016 40% 46.5% 28.6% 60.1%
2015 44.5% 40.9% 28.5% 58.4%
2014 41.2% 37.6% 30.7% 58.6%
2013 35.4% 36.1% 30.4% 57.1%
2012 36% 35.4% 32.5% 52.3%
2011 35.4% 35.3% 31.2% 48.6%
2010 31.5% 37.6% 28.7% 45.3%
2009 33.2% 39.2% 28.1% 42.6%
2008 35.3% 36.8% 28.3% 42%
2007 32.7% 40% 26.4% 47.1%
2006 29.8% 54.4% 26% 50.6%
2005 33.2% 82.2% 28.6% 54.8%
2004 32.3% 89.8% 24.5% 54.4%
2003 32% 95.6% 24.1% 56.9%
2002 33.3% 86.7% 25.8% 59.4%
2001 32% 83% 23.7% 60.4%
2000 29.3% 74.3% 22.8% 64.9%
1999 29.4% 61.7% 18.4% 63.4%
1998 30% 61.2% 18.7% 64.5%
1997 28.3% 64.6% 18.6% 68%
1996 26% 72.4% 17.6% 65.3%
1995 25.8% 81.7% 21.3% 72.2%
1994 26.8% 87.6% 21.7% 69.3%
1993 27.2% 83.8% 23.1% 74.7%
1992 25.3% 92.4% 22.3% 67%
1991 24.2% 92.8% 20.8% 59.1%
1990 22.8% 102.9% 22.6% 70.5%
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/morocco | CC BY

In 2024, Bolivia's government spending was $21.9B, accounting for 39.8% of its GDP, while Morocco spent $53.1B, or 33% of GDP.

Debt-to-GDP ratio is 98% in Bolivia and 67.7% in Morocco, ranking 26/185 and 60/185, respectively.

Government deficit by year

Deficit/surplus
Bolivia

Morocco
1x
Year Deficit/surplus, % of GDP
Bolivia Morocco
2024 -10.6% -3.92%
2023 -10.9% -4.41%
2022 -7.12% -5.37%
2021 -9.33% -5.92%
2020 -12.7% -7.15%
2019 -7.25% -3.8%
2018 -8.17% -3.52%
2017 -7.86% -3.3%
2016 -7.24% -4.49%
2015 -6.93% -4.59%
2014 -3.41% -4.78%
2013 0.6% -4.7%
2012 1.72% -6.63%
2011 0.83% -6.08%
2010 1.62% -3.93%
2009 2.63% -1.63%
2008 3.53% 0.63%
2007 -1.54% -0.12%
2006 4.47% -1.8%
2005 -2.24% -5.46%
2004 -5.54% -3.31%
2003 -7.88% -3.74%
2002 -8.79% -4.37%
2001 -6.82% -3.79%
2000 -3.73% -1.97%
1999 -3.84% 3.21%
1998 -5.1% 1.47%
1997 -3.28% 1.5%
1996 -1.9% 0.87%
1995 -1.82% -2.54%
1994 -3% -2.51%
1993 -6.1% -2%
1992 -4.4% -1.84%
1991 -4.2% -0.9%
1990 -4.4% -1.32%
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/morocco | 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 Morocco's deficit of $6.3B, or 3.92% of GDP.

Over the past 35 years, Bolivia recorded a fiscal deficit in 28 of those years, while Morocco ran a deficit in 30 years. On average, Bolivia posted an annual deficit equal to 4.31% of GDP, compared to deficit of 2.92% of GDP for Morocco.

Inflation comparison by year

Inflation
Bolivia

Morocco
1x
Year Consumer prices inflation
Bolivia Morocco
2024 5.1% 0.99%
2023 2.58% 6.09%
2022 1.75% 6.66%
2021 0.74% 1.4%
2020 0.94% 0.71%
2019 1.84% 0.3%
2018 2.27% 1.8%
2017 2.82% 0.75%
2016 3.62% 1.64%
2015 4.06% 1.56%
2014 5.77% 0.44%
2013 5.74% 1.88%
2012 4.52% 1.29%
2011 9.88% 0.91%
2010 2.5% 0.99%
2009 3.35% 0.97%
2008 14% 3.71%
2007 8.71% 2.04%
2006 4.28% 3.28%
2005 5.39% 0.98%
2004 4.44% 1.49%
2003 3.34% 1.17%
2002 0.93% 2.8%
2001 1.59% 0.62%
2000 4.61% 1.89%
1999 2.16% 0.68%
1998 7.67% 2.75%
1997 4.71% 1.04%

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

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

Over the past 28 years, Bolivia has recorded an average annual inflation rate of 4.26%, compared with 1.82% in Morocco. In 2024, inflation was 5.1% in Bolivia and 0.99% in Morocco.

Top exports between countries

Bolivia
Export category Export value
Morocco
Export category Export value
Processed food, beverages & tobacco $529K
Raw materials & minerals $51K
Machinery & equipment $25K
Metals $2K

Balance of trade

Bolivia Morocco
Current account balance
-$1.41B
2024
-$1.87B
2024
Current account balance ranking
132/190
2024
141/190
2024
Current account balance, % of GDP
-2.56%
2024
-1.16%
2024
Goods imports
$9.15B
2024
$66.5B
2024
Goods exports
$8.93B
2024
$39.3B
2024
Service imports
$2.35B
2024
$14.3B
2024
Service exports
$1.14B
2024
$28.2B
2024
Imports of goods and services, % of GDP
25.5%
2024
50.2%
2024
Exports of goods and services, % of GDP
21.4%
2024
42%
2024

Economic freedom indices

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

Bolivia Morocco
Economic freedom 42.4 61.8
Economic freedom ranking 184/197 91/197
Property rights 20.2 55.2
Government integrity 27.1 35.6
Judicial effectiveness 29.5 32.5
Tax burden 86.4 65.5
Government spending 56.3 67.5
Fiscal health 0.8 57.5
Business freedom 53.6 72.1
Labor freedom 52.2 46.2
Monetary freedom 67.1 79.6
Trade freedom 60.6 69.8
Investment freedom 15 80
Financial freedom 40 80

Economic freedom comparison by year

Bolivia
Morocco
1x
Year Economic freedom index
Bolivia Morocco
2026 42.4 61.8
2025 44.1 60.3
2024 43.5 56.8
2023 43.4 58.4
2022 43 59.2
2021 42.7 63.3
2020 42.8 63.3
2019 42.3 62.9
2018 44.1 61.9
2017 47.7 61.5
2016 47.4 61.3
2015 46.8 60.1
2014 48.4 58.3
2013 47.9 59.6
2012 50.2 60.2
2011 50 59.6
2010 49.4 59.2
2009 53.6 57.7
2008 53.1 55.6
2007 54.2 56.4
2006 57.8 51.5
2005 58.4 52.2
2004 64.5 56.7
2003 64.3 57.8
2002 65.1 59
2001 68 63.9
2000 65 63.2
1999 65.6 63.8
1998 68.8 61.1
1997 65.1 64.7
1996 65.2 64.3
1995 56.8 62.8

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

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

The Economic Freedom Index for Bolivia is 42.4, ranking 184/197, compared to 61.8 for Morocco, ranking 91/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bolivia Morocco
Services, % of GDP
53.4%
2024
52.7%
2024
Industry, % of GDP
31.3%
2024
25.6%
2024
Agriculture, forestry, and fishing, % of GDP
8.83%
2024
10.6%
2024
GNI, Atlas method
$51.7B
2024
$149B
2024
GNI per capita, PPP
$12,620
2024
$10,260
2024
Total reserves including gold
$1.98B
2024
$37.1B
2024
Total reserves ranking
127/177
2024
52/177
2024
Net foreign direct investment
-$113M
2024
-$948M
2024
Net inflows of foreign direct investment
$387M
2024
$1.64B
2024
Net outflows of foreign direct investment
$133M
2024
$691M
2024
Servicing debt to the IMF, % of GNI
3.41%
2024
5.63%
2024
Poverty at national poverty lines
36.5%
2023
3.9%
2022
Gross capital formation, % of GDP
17.9%
2024
30.1%
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/morocco | 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 (2022–2023, 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.