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Economy of Bolivia vs Nepal compared: GDP & Debt

Updated on by Georank team

Bolivia has a GDP of $54.9B compared to $42.9B for Nepal, ranking 88/197 and 101/197 by economy size, respectively.

Bolivia has $53.8B in government debt (98% of GDP), compared to $20.7B (48.3% of GDP) in Nepal.

Bolivia vs Nepal GDP by year

Bolivia
Nepal
1x
Year GDP, current $
Bolivia Nepal
2024 $54,881,327,453 $42,914,268,287
2023 $52,340,206,946 $41,047,772,331
2022 $50,959,081,954 $41,182,939,601
2021 $47,877,892,402 $36,924,841,394
2020 $42,313,784,081 $33,433,659,301
2019 $49,056,643,589 $34,186,180,699
2018 $48,414,038,842 $33,111,525,237
2017 $45,927,439,595 $28,971,588,940
2016 $33,941,126,194 $24,524,109,484
2015 $33,000,198,249 $24,360,801,287
2014 $32,996,188,017 $22,731,612,922
2013 $30,659,338,886 $22,162,204,925
2012 $27,084,497,482 $21,703,100,877
2011 $23,963,164,697 $21,573,872,421
2010 $19,649,723,722 $16,002,656,434
2009 $17,339,992,194 $12,854,985,464
2008 $16,674,276,286 $12,545,438,605
2007 $13,120,108,008 $10,325,618,017
2006 $11,451,844,902 $9,043,715,356
2005 $9,549,122,905 $8,130,258,378
2004 $8,773,451,752 $7,273,938,315
2003 $8,082,399,640 $6,330,473,097
2002 $7,905,485,146 $6,050,875,807
2001 $8,141,516,928 $6,007,055,042
2000 $8,397,855,485 $5,494,252,208
1999 $8,285,064,435 $5,033,642,384
1998 $8,497,494,652 $4,856,255,044
1997 $7,925,736,821 $4,918,691,917
1996 $7,396,949,126 $4,521,580,381
1995 $6,715,161,732 $4,401,104,418
1994 $5,981,222,859 $4,066,775,510
1993 $5,734,699,489 $3,660,041,667
1992 $5,643,868,749 $3,401,211,581
1991 $5,343,262,457 $3,921,476,085
1990 $4,867,582,598 $3,627,560,239
1989 $4,715,973,437 $3,525,225,787
1988 $4,597,612,362 $3,487,009,748
1987 $4,347,956,338 $2,957,255,380
1986 $3,959,382,833 $2,850,782,044
1985 $5,377,276,555 $2,619,913,956
1984 $6,169,483,225 $2,581,207,388
1983 $5,422,656,823 $2,447,174,803
1982 $5,594,126,369 $2,395,423,742
1981 $5,891,598,695 $2,275,583,317
1980 $4,537,479,608 $1,945,916,583
1979 $4,421,336,383 $1,851,250,008
1978 $3,758,220,890 $1,604,162,497
1977 $3,227,436,282 $1,382,400,000
1976 $2,731,984,008 $1,452,788,985
1975 $2,404,697,651 $1,575,789,254
1974 $2,100,249,875 $1,217,953,547
1973 $1,262,968,516 $972,101,725
1972 $1,257,615,645 $1,024,098,400
1971 $1,095,622,896 $882,765,472
1970 $1,017,003,367 $865,975,309
1969 $929,629,630 $788,641,965
1968 $857,912,458 $772,231,387
1967 $755,808,081 $841,974,025
1966 $669,191,919 $906,811,944
1965 $604,377,104 $735,267,082
1964 $544,023,569 $496,098,775
1963 $482,828,283 $496,947,904
1962 $448,400,673 $574,091,101
1961 $410,101,010 $531,959,562
1960 $377,020,202 $508,334,414

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

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

GDP per capita in Bolivia vs Nepal by year

Bolivia
GDP per capita

GDP per capita, PPP
Nepal
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bolivia Nepal
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $4,421 $12,878 $1,447 $5,737
2023 $4,275 $12,892 $1,382 $5,395
2022 $4,219 $12,307 $1,386 $5,103
2021 $4,011 $11,202 $1,253 $4,546
2020 $3,581 $9,581 $1,154 $4,236
2019 $4,203 $11,005 $1,203 $4,261
2018 $4,207 $10,758 $1,179 $3,956
2017 $4,048 $10,420 $1,034 $3,605
2016 $3,036 $9,242 $877 $2,976
2015 $2,996 $8,757 $876 $2,957
2014 $3,041 $8,629 $821 $2,901
2013 $2,870 $8,069 $803 $2,658
2012 $2,576 $7,184 $788 $2,466
2011 $2,316 $6,598 $786 $2,248
2010 $1,930 $6,245 $585 $2,139
2009 $1,731 $6,024 $473 $2,029
2008 $1,693 $5,890 $465 $1,942
2007 $1,355 $5,537 $385 $1,809
2006 $1,203 $5,244 $340 $1,718
2005 $1,020 $4,938 $309 $1,628
2004 $953 $4,663 $279.6 $1,542
2003 $893 $4,433 $246.4 $1,453
2002 $888 $4,304 $238.9 $1,390
2001 $930 $4,205 $240.8 $1,388
2000 $976 $4,113 $223.8 $1,317
1999 $979 $3,991 $208.6 $1,234
1998 $1,022 $3,988 $205.1 $1,187
1997 $970 $3,822 $211.8 $1,162
1996 $922 $3,645 $198.8 $1,110
1995 $853 $3,494 $197.8 $1,058
1994 $774 $3,331 $187.3 $1,026
1993 $757 $3,177 $172.8 $952
1992 $760 $3,036 $165 $920
1991 $734 $2,981 $195.7 $889
1990 $683 $2,797 $185.8 $830
1989 $675 - $185 -
1988 $673 - $187.1 -
1987 $650 - $162 -
1986 $604 - $159.5 -
1985 $838 - $149.9 -
1984 $982 - $151.1 -
1983 $882 - $146.6 -
1982 $930 - $147 -
1981 $1,001 - $142.9 -
1980 $788 - $125.1 -
1979 $785 - $121.9 -
1978 $683 - $108.1 -
1977 $600 - $95.3 -
1976 $520 - $102.5 -
1975 $468 - $113.6 -
1974 $418 - $89.8 -
1973 $257.2 - $73.2 -
1972 $261.9 - $78.8 -
1971 $233.4 - $69.5 -
1970 $221.6 - $69.6 -
1969 $207.1 - $64.8 -
1968 $195.5 - $64.9 -
1967 $176.1 - $72.3 -
1966 $159.3 - $79.5 -
1965 $147.1 - $65.8 -
1964 $135.2 - $45.3 -
1963 $122.6 - $46.3 -
1962 $116.2 - $54.6 -
1961 $108.5 - $51.6 -
1960 $101.8 - $50.2 -

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

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

Bolivia's GDP per capita is $4,421, ranking 125/197, compared to $1,447 in Nepal, ranking 164/197. Adjusted for purchasing power (GDP per capita PPP), Bolivia ranks 122nd at $12,878, while Nepal ranks 155th at $5,737.

Economic indicators

Bolivia Nepal
Gross domestic product
$54.9B
2024
$42.9B
2024
GDP rank
88/197
2024
101/197
2024
GDP growth
-1.12%
2023-2024
3.67%
2023-2024
GDP per capita
$4,421
2024
$1,447
2024
GDP per capita rank
125/197
2024
164/197
2024
GDP per capita, PPP
$12,878
2024
$5,737
2024
GDP per capita PPP rank
122/197
2024
155/197
2024
Government debt
$53.8B
2024
$20.7B
2024
Debt-to-GDP ratio
98%
2024
48.3%
2024
Government debt per person
$4,331
2024
$700
2024
Government debt per person rank
88/185
2024
154/185
2024
Average annual personal income after taxes
$4,720
2026
$2,170
2026
Number of billionaires n/a
2
2025
Income share by richest 10%
31.3%
2023
24.2%
2022
Income share by poorest 10%
1.8%
2023
3.7%
2022
Government expenditure, % of GDP
39.8%
2024
22.1%
2024
Consumer prices inflation
5.1%
2023-2024
4.69%
2023-2024
Central bank interest rate
3.26%
2025
n/a
Unemployment rate
2.73%
2024
10.7%
2017
Population
12798112
29596762

Spending and national debt comparison by year

Bolivia
Spending

Debt
Nepal
Spending

Debt
1x
Year % of GDP
Bolivia Nepal
Government spending Government debt Government spending Government debt
2024 39.8% 98% 22.1% 48.3%
2023 38.7% 90.8% 25.1% 47%
2022 36% 80.1% 26.1% 42.7%
2021 34.8% 81.4% 27.2% 43.3%
2020 36.8% 78% 28.5% 43.3%
2019 36.1% 58.6% 27.1% 34%
2018 37.7% 53.1% 28% 31.1%
2017 38.6% 51.3% 23.6% 25%
2016 40% 46.5% 19% 25%
2015 44.5% 40.9% 17.7% 25.7%
2014 41.2% 37.6% 16.6% 27.6%
2013 35.4% 36.1% 15.5% 31.9%
2012 36% 35.4% 16.8% 34.5%
2011 35.4% 35.3% 16.3% 32.4%
2010 31.5% 37.6% 16.5% 35.4%
2009 33.2% 39.2% 17% 39.5%
2008 35.3% 36.8% 13.4% 36.8%
2007 32.7% 40% 13.1% 37.9%
2006 29.8% 54.4% 11.2% 42.9%
2005 33.2% 82.2% 12% 45.1%
2004 32.3% 89.8% 11.8% 51.3%
2003 32% 95.6% 12% 53%
2002 33.3% 86.7% 13% 51.8%
2001 32% 83% 12.9% 50.8%
2000 29.3% 74.3% 11.4% 50.8%
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/nepal | CC BY

In 2024, Bolivia's government spending was $21.9B, accounting for 39.8% of its GDP, while Nepal spent $9.5B, or 22.1% of GDP.

Debt-to-GDP ratio is 98% in Bolivia and 48.3% in Nepal, ranking 26/185 and 112/185, respectively.

Government deficit by year

Deficit/surplus
Bolivia

Nepal
1x
Year Deficit/surplus, % of GDP
Bolivia Nepal
2024 -10.6% -2.76%
2023 -10.9% -5.81%
2022 -7.12% -3.12%
2021 -9.33% -3.98%
2020 -12.7% -7.47%
2019 -7.25% -4.27%
2018 -8.17% -5.83%
2017 -7.86% -2.69%
2016 -7.24% 1.2%
2015 -6.93% 0.46%
2014 -3.41% 1.36%
2013 0.6% 1.57%
2012 1.72% -1.18%
2011 0.83% -0.72%
2010 1.62% -0.67%
2009 2.63% -2.24%
2008 3.53% -0.29%
2007 -1.54% -0.67%
2006 4.47% 0.24%
2005 -2.24% 0.24%
2004 -5.54% -0.14%
2003 -7.88% -0.34%
2002 -8.79% -2.46%
2001 -6.82% -2.35%
2000 -3.73% -1.48%
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/nepal | 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 Nepal's deficit of $1.19B, or 2.76% of GDP.

Over the past 25 years, Bolivia recorded a fiscal deficit in 18 of those years, while Nepal ran a deficit in 19 years. On average, Bolivia posted an annual deficit equal to 4.51% of GDP, compared to deficit of 1.74% of GDP for Nepal.

Inflation comparison by year

Inflation
Bolivia

Nepal
1x
Year Consumer prices inflation
Bolivia Nepal
2024 5.1% 4.69%
2023 2.58% 7.12%
2022 1.75% 7.67%
2021 0.74% 4.13%
2020 0.94% 5.06%
2019 1.84% 5.57%
2018 2.27% 4.41%
2017 2.82% 2.78%
2016 3.62% 8.79%
2015 4.06% 7.87%
2014 5.77% 8.36%
2013 5.74% 9.04%
2012 4.52% 9.46%
2011 9.88% 9.23%
2010 2.5% 9.33%
2009 3.35% 11.1%
2008 14% 9.91%
2007 8.71% 2.27%
2006 4.28% 6.92%
2005 5.39% 6.84%
2004 4.44% 2.84%
2003 3.34% 5.71%
2002 0.93% 3.03%
2001 1.59% 2.69%
2000 4.61% 2.48%
1999 2.16% 7.45%
1998 7.67% 11.2%
1997 4.71% 4.01%

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

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

Over the past 28 years, Bolivia has recorded an average annual inflation rate of 4.26%, compared with 6.43% in Nepal. In 2024, inflation was 5.1% in Bolivia and 4.69% in Nepal.

Top exports between countries

Bolivia
Export category Export value
Processed food, beverages & tobacco $519K
Nepal
Export category Export value
Precious metals & jewellery $2K
Textiles & consumer goods $2K

Balance of trade

Bolivia Nepal
Current account balance
-$1.41B
2024
$1.68B
2024
Current account balance ranking
132/190
2024
50/190
2024
Current account balance, % of GDP
-2.56%
2024
+3.91%
2024
Goods imports
$9.15B
2024
$12.1B
2024
Goods exports
$8.93B
2024
$1.54B
2024
Service imports
$2.35B
2024
$2.27B
2024
Service exports
$1.14B
2024
$1.9B
2024
Imports of goods and services, % of GDP
25.5%
2024
32.9%
2024
Exports of goods and services, % of GDP
21.4%
2024
7.62%
2024

Economic freedom indices

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

Bolivia Nepal
Economic freedom 42.4 52.9
Economic freedom ranking 184/197 144/197
Property rights 20.2 38.8
Government integrity 27.1 38.9
Judicial effectiveness 29.5 42.9
Tax burden 86.4 84.3
Government spending 56.3 82.1
Fiscal health 0.8 71
Business freedom 53.6 60.8
Labor freedom 52.2 48.2
Monetary freedom 67.1 69.4
Trade freedom 60.6 58.6
Investment freedom 15 10
Financial freedom 40 30

Economic freedom comparison by year

Bolivia
Nepal
1x
Year Economic freedom index
Bolivia Nepal
2026 42.4 52.9
2025 44.1 52.5
2024 43.5 52.1
2023 43.4 51.4
2022 43 49.7
2021 42.7 50.7
2020 42.8 54.2
2019 42.3 53.8
2018 44.1 54.1
2017 47.7 55.1
2016 47.4 50.9
2015 46.8 51.3
2014 48.4 50.1
2013 47.9 50.4
2012 50.2 50.2
2011 50 50.1
2010 49.4 52.7
2009 53.6 53.2
2008 53.1 54.1
2007 54.2 54.4
2006 57.8 53.7
2005 58.4 51.4
2004 64.5 51.2
2003 64.3 51.5
2002 65.1 52.3
2001 68 51.6
2000 65 51.3
1999 65.6 53.1
1998 68.8 53.5
1997 65.1 53.6
1996 65.2 50.3
1995 56.8 -

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

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

The Economic Freedom Index for Bolivia is 42.4, ranking 184/197, compared to 52.9 for Nepal, ranking 144/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bolivia Nepal
Services, % of GDP
53.4%
2024
55.2%
2024
Industry, % of GDP
31.3%
2024
11.4%
2024
Agriculture, forestry, and fishing, % of GDP
8.83%
2024
21.9%
2024
GNI, Atlas method
$51.7B
2024
$43.7B
2024
GNI per capita, PPP
$12,620
2024
$5,830
2024
Total reserves including gold
$1.98B
2024
$12.5B
2023
Total reserves ranking
127/177
2024
74/177
2023
Net foreign direct investment
-$113M
2024
-$56.9M
2024
Net inflows of foreign direct investment
$387M
2024
$56.9M
2024
Net outflows of foreign direct investment
$133M
2024
$0
2024
Servicing debt to the IMF, % of GNI
3.41%
2024
1.23%
2024
Poverty at national poverty lines
36.5%
2023
20.3%
2022
Gross capital formation, % of GDP
17.9%
2024
30.4%
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/nepal | 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. TradeMap (2020–2022, 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.