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Economy of Bolivia vs Nigeria compared: GDP & Debt

Updated on by Georank

Bolivia has a GDP of $64.8B compared to $291B for Nigeria, ranking 88/197 and 50/197 by economy size, respectively.

Bolivia has $54.9B in government debt (84.8% of GDP), compared to $103B (35.5% of GDP) in Nigeria.

Bolivia vs Nigeria GDP by year

Bolivia
Nigeria
1x
Year GDP, current $
Bolivia Nigeria
2025 $64,768,947,525 $290,794,361,542
2024 $54,881,327,453 $252,261,880,140
2023 $52,340,206,946 $487,387,801,878
2022 $50,959,081,954 $646,950,257,575
2021 $47,877,892,402 $609,147,716,965
2020 $42,313,784,081 $598,586,817,817
2019 $49,056,643,589 $668,219,992,687
2018 $48,414,038,842 $421,739,251,509
2017 $45,927,439,595 $375,745,731,053
2016 $33,941,126,194 $404,649,125,252
2015 $33,000,198,249 $493,026,682,801
2014 $32,996,188,017 $574,183,763,412
2013 $30,659,338,886 $520,117,180,314
2012 $27,084,497,482 $463,971,018,239
2011 $23,963,164,697 $414,466,676,831
2010 $19,649,723,722 $366,990,417,129
2009 $17,339,992,194 $295,008,835,381
2008 $16,674,276,286 $339,476,276,258
2007 $13,120,108,008 $278,260,846,800
2006 $11,451,844,902 $238,454,997,161
2005 $9,549,122,905 $175,670,569,969
2004 $8,773,451,752 $135,764,731,646
2003 $8,082,399,640 $104,738,954,264
2002 $7,905,485,146 $95,054,059,303
2001 $8,141,516,928 $73,557,840,064
2000 $8,397,855,485 $69,171,451,627
1999 $8,285,064,435 $59,145,077,039
1998 $8,497,494,652 $218,416,200,673
1997 $7,925,736,821 $200,850,397,618
1996 $7,396,949,126 $185,730,236,700
1995 $6,715,161,732 $140,919,776,986
1994 $5,981,222,859 $80,399,613,064
1993 $5,734,699,489 $56,721,051,402
1992 $5,643,868,749 $52,058,181,854
1991 $5,343,262,457 $59,526,833,412
1990 $4,867,582,598 $54,035,795,388
1989 $4,715,973,437 $44,003,061,108
1988 $4,597,612,362 $49,648,470,440
1987 $4,347,956,338 $52,676,041,931
1986 $3,959,382,833 $54,805,852,581
1985 $5,377,276,555 $73,745,821,158
1984 $6,169,483,225 $73,484,359,521
1983 $5,422,656,823 $97,094,911,792
1982 $5,594,126,369 $142,769,363,314
1981 $5,891,598,695 $164,475,209,516
1980 $4,537,479,608 $64,201,788,123
1979 $4,421,336,383 $47,259,911,894
1978 $3,758,220,890 $36,527,862,209
1977 $3,227,436,282 $36,035,407,725
1976 $2,731,984,008 $36,308,883,249
1975 $2,404,697,651 $27,778,934,625
1974 $2,100,249,875 $24,846,641,318
1973 $1,262,968,516 $15,162,871,287
1972 $1,257,615,645 $12,274,416,018
1971 $1,095,622,896 $9,181,769,912
1970 $1,017,003,367 $12,546,094,982
1969 $929,629,630 $6,634,317,346
1968 $857,912,458 $5,200,997,920
1967 $755,808,081 $5,203,237,919
1966 $669,191,919 $6,366,917,453
1965 $604,377,104 $5,874,537,650
1964 $544,023,569 $5,552,931,319
1963 $482,828,283 $5,165,590,254
1962 $448,400,673 $4,909,399,176
1961 $410,101,010 $4,467,287,893
1960 $377,020,202 $4,196,174,502

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

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

GDP per capita in Bolivia vs Nigeria by year

Bolivia
GDP per capita

GDP per capita, PPP
Nigeria
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bolivia Nigeria
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $5,148 - $1,224 -
2024 $4,421 $12,878 $1,084 $9,087
2023 $4,275 $12,892 $2,139 $8,705
2022 $4,219 $12,307 $2,899 $8,305
2021 $4,011 $11,202 $2,787 $7,588
2020 $3,581 $9,581 $2,797 $7,415
2019 $4,203 $11,005 $3,190 $7,551
2018 $4,207 $10,758 $2,058 $7,158
2017 $4,048 $10,420 $1,876 $7,037
2016 $3,036 $9,242 $2,070 $7,072
2015 $2,996 $8,757 $2,586 $7,308
2014 $3,041 $8,629 $3,089 $7,396
2013 $2,870 $8,069 $2,873 $7,004
2012 $2,576 $7,184 $2,633 $6,671
2011 $2,316 $6,598 $2,418 $6,585
2010 $1,930 $6,245 $2,202 $6,301
2009 $1,731 $6,024 $1,820 $5,927
2008 $1,693 $5,890 $2,154 $5,607
2007 $1,355 $5,537 $1,816 $5,298
2006 $1,203 $5,244 $1,600 $4,975
2005 $1,020 $4,938 $1,211 $4,678
2004 $953 $4,663 $962 $4,381
2003 $893 $4,433 $763 $4,015
2002 $888 $4,304 $712 $3,770
2001 $930 $4,205 $566 $3,309
2000 $976 $4,113 $547 $3,139
1999 $979 $3,991 $481 $3,002
1998 $1,022 $3,988 $1,822 $3,022
1997 $970 $3,822 $1,720 $2,990
1996 $922 $3,645 $1,633 $2,931
1995 $853 $3,494 $1,272 $2,835
1994 $774 $3,331 $745 $2,853
1993 $757 $3,177 $540 $2,921
1992 $760 $3,036 $509 $2,991
1991 $734 $2,981 $597 $2,870
1990 $683 $2,797 $556 $2,840
1989 $675 - $465 -
1988 $673 - $540 -
1987 $650 - $588 -
1986 $604 - $628 -
1985 $838 - $869 -
1984 $982 - $890 -
1983 $882 - $1,207 -
1982 $930 - $1,822 -
1981 $1,001 - $2,162 -
1980 $788 - $870 -
1979 $785 - $661 -
1978 $683 - $527 -
1977 $600 - $536 -
1976 $520 - $556 -
1975 $468 - $438 -
1974 $418 - $403 -
1973 $257.2 - $252.4 -
1972 $261.9 - $209.5 -
1971 $233.4 - $160.5 -
1970 $221.6 - $224.5 -
1969 $207.1 - $121.4 -
1968 $195.5 - $97.3 -
1967 $176.1 - $99.5 -
1966 $159.3 - $124.4 -
1965 $147.1 - $117.3 -
1964 $135.2 - $113.3 -
1963 $122.6 - $107.7 -
1962 $116.2 - $104.5 -
1961 $108.5 - $97.1 -
1960 $101.8 - $93.1 -

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

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

Bolivia's GDP per capita is $5,148, ranking 121/197, compared to $1,224 in Nigeria, ranking 172/197. Adjusted for purchasing power (GDP per capita PPP), Bolivia ranks 122nd at $12,878, while Nigeria ranks 136th at $9,087.

Economic indicators

Bolivia Nigeria
Gross domestic product
$64.8B
2025
$291B
2025
GDP rank
88/197
2025
50/197
2025
GDP growth
-1.58%
2024-2025
4.01%
2024-2025
GDP per capita
$5,148
2025
$1,224
2025
GDP per capita rank
121/197
2025
172/197
2025
GDP per capita, PPP
$12,878
2024
$9,087
2024
GDP per capita PPP rank
122/197
2024
136/197
2024
Government debt
$54.9B
2025
$103B
2025
Debt-to-GDP ratio
84.8%
2025
35.5%
2025
Government debt per person
$4,364
2025
$434
2025
Government debt per person rank
93/185
2025
170/185
2025
Average annual personal income after taxes
$4,410
2026
$768
2026
Market capitalization of domestic companies n/a
$86.9B
2025
Number of billionaires n/a
4
2026
Income share by richest 10%
30.6%
2024
26.3%
2022
Income share by poorest 10%
1.9%
2024
3%
2022
Government expenditure, % of GDP
32.2%
2025
11.7%
2025
Consumer prices inflation
19.5%
2024-2025
23%
2024-2025
Central bank interest rate
3.26%
2025
26.5%
2026
Unemployment rate
2.73%
2024
3.45%
2024
Population
12837312
245016045

Spending and national debt comparison by year

Bolivia
Spending

Debt
Nigeria
Spending

Debt
1x
Year % of GDP
Bolivia Nigeria
Government spending Government debt Government spending Government debt
2025 32.2% 84.8% 11.7% 35.5%
2024 33.5% 83.2% 12% 39.3%
2023 33.5% 78.3% 10.4% 36.3%
2022 31.2% 69.2% 10.6% 29.8%
2021 29.4% 68.7% 9.09% 26.6%
2020 31.9% 67.5% 8.73% 25.7%
2019 30.1% 48.9% 8.87% 21.4%
2018 31.4% 44.2% 9.1% 20.4%
2017 31.6% 41.9% 8.51% 18%
2016 32.9% 38.2% 6.93% 17.4%
2015 37% 34% 7.85% 14.9%
2014 34.9% 31.8% 9.49% 15.8%
2013 30.4% 31% 10% 13%
2012 31.3% 30.7% 10.5% 12.5%
2011 30.6% 30.5% 12.3% 12.4%
2010 27.5% 32.8% 11.8% 6.67%
2009 28.9% 34.1% 11% 6.12%
2008 31.1% 32.4% 10.2% 5.17%
2007 28.9% 35.5% 12.9% 5.76%
2006 26.6% 48.6% 8.75% 6.68%
2005 29.5% 73.2% 12.6% 13.4%
2004 29% 80.6% 13% 25.2%
2003 28.6% 85.5% 16.5% 29.9%
2002 29.6% 77.2% 13.8% 30.7%
2001 28.6% 74.4% 21.9% 37.7%
2000 26.2% 66.5% 17.6% 40.9%
1999 26.3% 61.7% 14.9% 46.1%
1998 26.8% 61.2% 11.2% 15.8%
1997 25.3% 64.6% 9.68% 17.1%
1996 23.3% 72.4% 7.87% 17.9%
1995 23.1% 81.7% 8.87% 24.2%
1994 23.9% 87.6% 12.1% 39.7%
1993 24.3% 83.8% 20% 50.4%
1992 22.6% 92.4% 15.9% 49.8%
1991 21.6% 92.8% 13.6% 53.2%
1990 20.4% 102.9% 14.2% 50.9%
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/nigeria | CC BY

In 2025, Bolivia's government spending was $20.8B, accounting for 32.2% of its GDP, while Nigeria spent $34.1B, or 11.7% of GDP.

Debt-to-GDP ratio is 84.8% in Bolivia and 35.5% in Nigeria, ranking 36/185 and 143/185, respectively.

Government deficit by year

Deficit/surplus
Bolivia

Nigeria
1x
Year Deficit/surplus, % of GDP
Bolivia Nigeria
2025 -11.6% -1.76%
2024 -8.7% -1.27%
2023 -9.46% -3.12%
2022 -6.15% -4%
2021 -7.87% -3.97%
2020 -11% -4.03%
2019 -6.04% -3.31%
2018 -6.8% -3.06%
2017 -6.42% -3.85%
2016 -5.95% -3.3%
2015 -5.76% -2.7%
2014 -2.88% -1.72%
2013 0.51% -1.89%
2012 1.49% -0.09%
2011 0.72% 0.31%
2010 1.42% -2.96%
2009 2.29% -3.78%
2008 3.1% 4.05%
2007 -1.37% -0.79%
2006 3.99% 6.22%
2005 -2% 3.49%
2004 -4.97% 3.9%
2003 -7.04% -1.56%
2002 -7.82% 0.95%
2001 -6.11% -2.29%
2000 -3.34% 2.89%
1999 -3.43% -1.39%
1998 -4.56% -3.47%
1997 -2.94% 1.14%
1996 -1.7% 3.37%
1995 -1.63% 2.52%
1994 -2.68% -2.96%
1993 -5.46% -6.07%
1992 -3.94% 0.94%
1991 -3.76% -1.18%
1990 -3.94% -0.48%
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/nigeria | 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 Nigeria's deficit of $5.12B, or 1.76% of GDP.

Over the past 36 years, Bolivia recorded a fiscal deficit in 29 of those years, while Nigeria ran a deficit in 25 years. On average, Bolivia posted an annual deficit equal to 3.94% of GDP, compared to deficit of 0.98% of GDP for Nigeria.

Inflation comparison by year

Inflation
Bolivia

Nigeria
1x
Year Consumer prices inflation
Bolivia Nigeria
2025 19.5% 23%
2024 5.1% 33.2%
2023 2.58% 24.7%
2022 1.75% 18.8%
2021 0.74% 17%
2020 0.94% 13.2%
2019 1.84% 11.4%
2018 2.27% 12.1%
2017 2.82% 16.5%
2016 3.62% 15.7%
2015 4.06% 9.01%
2014 5.77% 8.05%
2013 5.74% 8.5%
2012 4.52% 12.2%
2011 9.88% 10.8%
2010 2.5% 13.7%
2009 3.35% 12.5%
2008 14% 11.6%
2007 8.71% 5.39%
2006 4.28% 8.23%
2005 5.39% 17.9%
2004 4.44% 15%
2003 3.34% 14%
2002 0.93% 12.9%
2001 1.59% 18.9%
2000 4.61% 6.93%
1999 2.16% 6.62%
1998 7.67% 10%
1997 4.71% 8.53%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Bolivia has recorded an average annual inflation rate of 4.79%, compared with 13.7% in Nigeria. In 2025, inflation was 19.5% in Bolivia and 23% in Nigeria.

Top exports between countries

Bolivia
Export category Export value
Animal & marine products $77K
Machinery & equipment $20K
Raw agricultural goods $19K
Metals $7K
Miscellaneous $1K
Raw materials & minerals $1K
Nigeria
Export category Export value
Textiles & consumer goods $68K

Balance of trade

Bolivia Nigeria
Current account balance
-$1.22B
2025
$14B
2025
Current account balance ranking
124/190
2025
21/190
2025
Current account balance, % of GDP
-1.88%
2025
+4.83%
2025
Goods imports
$9.23B
2025
$43B
2025
Goods exports
$9.56B
2025
$57.5B
2025
Service imports
$2.25B
2025
$19.6B
2025
Service exports
$1.21B
2025
$5.06B
2025
Imports of goods and services, % of GDP
25.5%
2024
16.9%
1960
Exports of goods and services, % of GDP
21.4%
2024
9.24%
1960

Economic freedom indices

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

Bolivia Nigeria
Economic freedom 42.4 54.8
Economic freedom ranking 184/197 132/197
Property rights 20.2 29.7
Government integrity 27.1 23.5
Judicial effectiveness 29.5 34.4
Tax burden 86.4 84.6
Government spending 56.3 96.3
Fiscal health 0.8 83.5
Business freedom 53.6 50.3
Labor freedom 52.2 75.4
Monetary freedom 67.1 56.1
Trade freedom 60.6 64.4
Investment freedom 15 30
Financial freedom 40 30

Economic freedom comparison by year

Bolivia
Nigeria
1x
Year Economic freedom index
Bolivia Nigeria
2026 42.4 54.8
2025 44.1 53.4
2024 43.5 53.1
2023 43.4 53.9
2022 43 54.4
2021 42.7 58.7
2020 42.8 57.2
2019 42.3 57.3
2018 44.1 58.5
2017 47.7 57.1
2016 47.4 57.5
2015 46.8 55.6
2014 48.4 54.3
2013 47.9 55.1
2012 50.2 56.3
2011 50 56.7
2010 49.4 56.8
2009 53.6 55.1
2008 53.1 55.1
2007 54.2 55.6
2006 57.8 48.7
2005 58.4 48.4
2004 64.5 49.2
2003 64.3 49.5
2002 65.1 50.9
2001 68 49.6
2000 65 53.1
1999 65.6 55.7
1998 68.8 52.3
1997 65.1 52.8
1996 65.2 47.4
1995 56.8 47.3

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

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

The Economic Freedom Index for Bolivia is 42.4, ranking 184/197, compared to 54.8 for Nigeria, ranking 132/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bolivia Nigeria
Services, % of GDP
53.4%
2024
58.2%
2025
Industry, % of GDP
31.3%
2024
16.4%
2025
Agriculture, forestry, and fishing, % of GDP
8.83%
2024
23%
2025
GNI, Atlas method
$55.6B
2025
$324B
2025
GNI per capita, PPP
$12,530
2025
$9,230
2025
Total reserves including gold
$580M
2025
$46B
2025
Total reserves ranking
155/177
2025
52/177
2025
Net foreign direct investment
-$464M
2025
-$2.82B
2025
Net inflows of foreign direct investment
$358M
2024
$1.61B
2024
Net outflows of foreign direct investment
$133M
2024
$408M
2024
Servicing debt to the IMF, % of GNI
3.41%
2024
5.46%
2024
Poverty at national poverty lines
37.7%
2024
56.2%
2023
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/nigeria | 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. TradeMap (2020–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, 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.