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Economy of Bolivia vs Oman compared: GDP & Debt

Updated on by Georank

Bolivia has a GDP of $64.8B compared to $110B for Oman, ranking 88/197 and 70/197 by economy size, respectively.

Bolivia has $54.9B in government debt (84.8% of GDP), compared to $39.2B (35.8% of GDP) in Oman.

Bolivia vs Oman GDP by year

Bolivia
Oman
1x
Year GDP, current $
Bolivia Oman
2025 $64,768,947,525 $109,604,780,696
2024 $54,881,327,453 $107,137,198,700
2023 $52,340,206,946 $106,174,707,932
2022 $50,959,081,954 $109,852,795,839
2021 $47,877,892,402 $87,323,797,139
2020 $42,313,784,081 $75,909,492,848
2019 $49,056,643,589 $88,060,858,257
2018 $48,414,038,842 $91,505,851,756
2017 $45,927,439,595 $80,856,697,009
2016 $33,941,126,194 $75,128,738,622
2015 $33,000,198,249 $78,710,793,238
2014 $32,996,188,017 $92,699,089,727
2013 $30,659,338,886 $89,936,020,806
2012 $27,084,497,482 $87,408,842,653
2011 $23,963,164,697 $77,497,529,259
2010 $19,649,723,722 $64,993,498,049
2009 $17,339,992,194 $55,454,096,229
2008 $16,674,276,286 $69,804,681,404
2007 $13,120,108,008 $48,300,390,117
2006 $11,451,844,902 $42,577,633,290
2005 $9,549,122,905 $35,506,892,068
2004 $8,773,451,752 $28,378,933,680
2003 $8,082,399,640 $24,733,680,104
2002 $7,905,485,146 $23,065,539,662
2001 $8,141,516,928 $22,205,721,717
2000 $8,397,855,485 $22,259,557,867
1999 $8,285,064,435 $17,832,769,831
1998 $8,497,494,652 $16,044,213,264
1997 $7,925,736,821 $18,039,791,938
1996 $7,396,949,126 $17,402,080,624
1995 $6,715,161,732 $15,722,236,671
1994 $5,981,222,859 $14,715,214,564
1993 $5,734,699,489 $14,230,429,129
1992 $5,643,868,749 $14,183,615,085
1991 $5,343,262,457 $12,918,335,501
1990 $4,867,582,598 $13,310,273,082
1989 $4,715,973,437 $9,372,171,651
1988 $4,597,612,362 $8,386,215,865
1987 $4,347,956,338 $7,811,183,095
1986 $3,959,382,833 $7,324,167,369
1985 $5,377,276,555 $10,005,645,420
1984 $6,169,483,225 $8,821,443,151
1983 $5,422,656,823 $7,932,541,691
1982 $5,594,126,369 $7,554,719,456
1981 $5,891,598,695 $7,259,120,151
1980 $4,537,479,608 $5,981,760,278
1979 $4,421,336,383 $3,733,352,635
1978 $3,758,220,890 $2,740,301,390
1977 $3,227,436,282 $2,741,169,948
1976 $2,731,984,008 $2,560,220,035
1975 $2,404,697,651 $2,096,699,189
1974 $2,100,249,875 $1,645,917,776
1973 $1,262,968,516 $483,066,991
1972 $1,257,615,645 $366,883,548
1971 $1,095,622,896 $301,010,587
1970 $1,017,003,367 $256,319,795
1969 $929,629,630 $239,999,808
1968 $857,912,458 $188,879,849
1967 $755,808,081 $107,151,832
1966 $669,191,919 $67,759,973
1965 $604,377,104 $63,279,975
1964 $544,023,569 $61,872,526
1963 $482,828,283 $59,912,763
1962 $448,400,673 $56,273,202
1961 $410,101,010 $45,634,487
1960 $377,020,202 $44,234,656

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

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

GDP per capita in Bolivia vs Oman by year

Bolivia
GDP per capita

GDP per capita, PPP
Oman
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bolivia Oman
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $5,148 - $19,947 -
2024 $4,421 $12,878 $20,285 $41,740
2023 $4,275 $12,892 $21,028 $41,945
2022 $4,219 $12,307 $23,224 $42,616
2021 $4,011 $11,202 $19,403 $38,719
2020 $3,581 $9,581 $16,785 $35,163
2019 $4,203 $11,005 $19,180 $37,251
2018 $4,207 $10,758 $19,902 $37,780
2017 $4,048 $10,420 $17,820 $33,619
2016 $3,036 $9,242 $17,110 $33,334
2015 $2,996 $8,757 $18,808 $36,058
2014 $3,041 $8,629 $23,161 $44,236
2013 $2,870 $8,069 $23,458 $47,013
2012 $2,576 $7,184 $24,642 $49,989
2011 $2,316 $6,598 $25,188 $52,393
2010 $1,930 $6,245 $23,570 $55,667
2009 $1,731 $6,024 $20,656 $55,127
2008 $1,693 $5,890 $26,577 $52,841
2007 $1,355 $5,537 $18,793 $48,627
2006 $1,203 $5,244 $16,931 $46,091
2005 $1,020 $4,938 $14,435 $43,673
2004 $953 $4,663 $11,801 $42,142
2003 $893 $4,433 $10,464 $40,935
2002 $888 $4,304 $9,869 $41,511
2001 $930 $4,205 $9,612 $41,679
2000 $976 $4,113 $9,754 $39,443
1999 $979 $3,991 $7,915 $36,792
1998 $1,022 $3,988 $7,219 $36,666
1997 $970 $3,822 $8,235 $36,809
1996 $922 $3,645 $8,068 $34,661
1995 $853 $3,494 $7,414 $33,598
1994 $774 $3,331 $7,068 $31,925
1993 $757 $3,177 $7,039 $30,987
1992 $760 $3,036 $7,318 $29,773
1991 $734 $2,981 $6,977 $28,109
1990 $683 $2,797 $7,546 $26,904
1989 $675 - $5,591 -
1988 $673 - $5,279 -
1987 $650 - $5,204 -
1986 $604 - $5,182 -
1985 $838 - $7,549 -
1984 $982 - $7,070 -
1983 $882 - $6,714 -
1982 $930 - $6,759 -
1981 $1,001 - $6,866 -
1980 $788 - $5,974 -
1979 $785 - $3,934 -
1978 $683 - $3,044 -
1977 $600 - $3,205 -
1976 $520 - $3,143 -
1975 $468 - $2,692 -
1974 $418 - $2,203 -
1973 $257.2 - $670 -
1972 $261.9 - $524 -
1971 $233.4 - $442 -
1970 $221.6 - $387 -
1969 $207.1 - $372 -
1968 $195.5 - $300 -
1967 $176.1 - $174.7 -
1966 $159.3 - $113.2 -
1965 $147.1 - $108.1 -
1964 $135.2 - $108.1 -
1963 $122.6 - $106.8 -
1962 $116.2 - $102.3 -
1961 $108.5 - $84.5 -
1960 $101.8 - $83.4 -

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

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

Bolivia's GDP per capita is $5,148, ranking 121/197, compared to $19,947 in Oman, ranking 60/197. Adjusted for purchasing power (GDP per capita PPP), Bolivia ranks 122nd at $12,878, while Oman ranks 55th at $41,740.

Economic indicators

Bolivia Oman
Gross domestic product
$64.8B
2025
$110B
2025
GDP rank
88/197
2025
70/197
2025
GDP growth
-1.58%
2024-2025
2.4%
2024-2025
GDP per capita
$5,148
2025
$19,947
2025
GDP per capita rank
121/197
2025
60/197
2025
GDP per capita, PPP
$12,878
2024
$41,740
2024
GDP per capita PPP rank
122/197
2024
55/197
2024
Government debt
$54.9B
2025
$39.2B
2025
Debt-to-GDP ratio
84.8%
2025
35.8%
2025
Government debt per person
$4,364
2025
$7,132
2025
Government debt per person rank
93/185
2025
70/185
2025
Average annual personal income after taxes
$4,410
2026
$19,851
2026
Market capitalization of domestic companies n/a
$41.3B
2025
Number of billionaires n/a
2
2026
Income share by richest 10%
30.6%
2024
n/a
Income share by poorest 10%
1.9%
2024
n/a
Government expenditure, % of GDP
32.2%
2025
28.9%
2025
Consumer prices inflation
19.5%
2024-2025
1%
2024-2025
Central bank interest rate
3.26%
2025
4.5%
2025
Unemployment rate
2.73%
2024
3.3%
2024
Population
12837312
5775345

Spending and national debt comparison by year

Bolivia
Spending

Debt
Oman
Spending

Debt
1x
Year % of GDP
Bolivia Oman
Government spending Government debt Government spending Government debt
2025 32.2% 84.8% 28.9% 35.8%
2024 33.5% 83.2% 28.7% 35.5%
2023 33.5% 78.3% 27.5% 37.4%
2022 31.2% 69.2% 31.1% 41.7%
2021 29.4% 68.7% 36.5% 61.9%
2020 31.9% 67.5% 44.5% 67.9%
2019 30.1% 48.9% 38.8% 52.5%
2018 31.4% 44.2% 38.3% 44.7%
2017 31.6% 41.9% 39.4% 40.1%
2016 32.9% 38.2% 44.6% 29.3%
2015 37% 34% 44.5% 13.9%
2014 34.9% 31.8% 41.4% 4.04%
2013 30.4% 31% 39.3% 4.66%
2012 31.3% 30.7% 38.6% 4.59%
2011 30.6% 30.5% 34.5% 4.44%
2010 27.5% 32.8% 30.6% 5.46%
2009 28.9% 34.1% 33.4% 5.8%
2008 31.1% 32.4% 25.6% 3.2%
2007 28.9% 35.5% 30.7% 4.44%
2006 26.6% 48.6% 30.1% 7.56%
2005 29.5% 73.2% 30.6% 8.39%
2004 29% 80.6% 34.1% 14.5%
2003 28.6% 85.5% 34% 13%
2002 29.6% 77.2% 34.1% 15.9%
2001 28.6% 74.4% 33.3% 22.5%
2000 26.2% 66.5% 31.2% 21.7%
1999 26.3% 61.7% 34.2% 28.9%
1998 26.8% 61.2% 36.1% 30.9%
1997 25.3% 64.6% 32.1% 20.8%
1996 23.3% 72.4% 33.5% 21.2%
1995 23.1% 81.7% 38.2% 21.9%
1994 23.9% 87.6% 39.7% 23.6%
1993 24.3% 83.8% 40.1% 22.2%
1992 22.6% 92.4% 40.1% 23.1%
1991 21.6% 92.8% 37.4% 22.6%
1990 20.4% 102.9% 36.5% 17.8%
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/oman | CC BY

In 2025, Bolivia's government spending was $20.8B, accounting for 32.2% of its GDP, while Oman spent $31.7B, or 28.9% of GDP.

Debt-to-GDP ratio is 84.8% in Bolivia and 35.8% in Oman, ranking 36/185 and 142/185, respectively.

Government deficit by year

Deficit/surplus
Bolivia

Oman
1x
Year Deficit/surplus, % of GDP
Bolivia Oman
2025 -11.6% 1.04%
2024 -8.7% 3.22%
2023 -9.46% 6.72%
2022 -6.15% 10.3%
2021 -7.87% -3.17%
2020 -11% -15.7%
2019 -6.04% -4.83%
2018 -6.8% -6.72%
2017 -6.42% -10.5%
2016 -5.95% -19.6%
2015 -5.76% -13.5%
2014 -2.88% -1.58%
2013 0.51% 2.78%
2012 1.49% 4.07%
2011 0.72% 8.24%
2010 1.42% 4.95%
2009 2.29% -0.27%
2008 3.1% 14.7%
2007 -1.37% 10.5%
2006 3.99% 12.2%
2005 -2% 11.2%
2004 -4.97% 5.43%
2003 -7.04% 5.92%
2002 -7.82% 5.31%
2001 -6.11% 7.55%
2000 -3.34% 12.2%
1999 -3.43% 0.3%
1998 -4.56% -4.37%
1997 -2.94% 4.77%
1996 -1.7% 2.22%
1995 -1.63% -3.9%
1994 -2.68% -7.47%
1993 -5.46% -6.84%
1992 -3.94% -4.85%
1991 -3.76% 0.12%
1990 -3.94% 4.78%
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/oman | 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 Oman's surplus of $1.14B, or 1.04% of GDP.

Over the past 36 years, Bolivia recorded a fiscal deficit in 29 of those years, while Oman ran a deficit in 14 years. On average, Bolivia posted an annual deficit equal to 3.94% of GDP, compared to surplus of 0.98% of GDP for Oman.

Inflation comparison by year

Inflation
Bolivia

Oman
1x
Year Consumer prices inflation
Bolivia Oman
2025 19.5% 1%
2024 5.1% 0.6%
2023 2.58% 1%
2022 1.75% 2.5%
2021 0.74% 1.7%
2020 0.94% -0.4%
2019 1.84% 0.5%
2018 2.27% 0.7%
2017 2.82% 1.5%
2016 3.62% 0.9%
2015 4.06% 0.1%
2014 5.77% 1.2%
2013 5.74% 1.3%
2012 4.52% 2.9%
2011 9.88% 4.1%
2010 2.5% 3.3%
2009 3.35% 3.5%
2008 14% 12.6%
2007 8.71% 5.9%
2006 4.28% 3.2%
2005 5.39% 1.9%
2004 4.44% 0.8%
2003 3.34% 0.2%
2002 0.93% -0.3%
2001 1.59% -0.8%
2000 4.61% -1.2%
1999 2.16% 0.5%
1998 7.67% 0.4%
1997 4.71% -0.4%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Bolivia has recorded an average annual inflation rate of 4.79%, compared with 1.7% in Oman. In 2025, inflation was 19.5% in Bolivia and 1% in Oman.

Top exports between countries

Bolivia
Export category Export value
Raw materials & minerals $1.21M
Processed food, beverages & tobacco $1.19M
Metals $210K
Machinery & equipment $10K
Oman
Export category Export value
Machinery & equipment $164K
Raw materials & minerals $83K
Textiles & consumer goods $35K
Miscellaneous $17K
Processed food, beverages & tobacco $10K
Metals $3K

Balance of trade

Bolivia Oman
Current account balance
-$1.22B
2025
$3.07B
2024
Current account balance ranking
124/190
2025
37/190
2024
Current account balance, % of GDP
-1.88%
2025
+2.86%
2024
Goods imports
$9.23B
2025
$39.5B
2024
Goods exports
$9.56B
2025
$65.2B
2024
Service imports
$2.25B
2025
$12.8B
2024
Service exports
$1.21B
2025
$5.64B
2024
Imports of goods and services, % of GDP
25.5%
2024
48.8%
2024
Exports of goods and services, % of GDP
21.4%
2024
66.1%
2024

Economic freedom indices

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

Bolivia Oman
Economic freedom 42.4 68.5
Economic freedom ranking 184/197 45/197
Property rights 20.2 71.8
Government integrity 27.1 49.4
Judicial effectiveness 29.5 28
Tax burden 86.4 97.6
Government spending 56.3 74.7
Fiscal health 0.8 97.5
Business freedom 53.6 67.8
Labor freedom 52.2 47.7
Monetary freedom 67.1 79.2
Trade freedom 60.6 78.4
Investment freedom 15 70
Financial freedom 40 60

Economic freedom comparison by year

Bolivia
Oman
1x
Year Economic freedom index
Bolivia Oman
2026 42.4 68.5
2025 44.1 65.4
2024 43.5 62.9
2023 43.4 58.5
2022 43 56.6
2021 42.7 64.6
2020 42.8 63.6
2019 42.3 61
2018 44.1 61
2017 47.7 62.1
2016 47.4 67.1
2015 46.8 66.7
2014 48.4 67.4
2013 47.9 68.1
2012 50.2 67.9
2011 50 69.8
2010 49.4 67.7
2009 53.6 67
2008 53.1 67.3
2007 54.2 65.8
2006 57.8 63.7
2005 58.4 66.5
2004 64.5 66.9
2003 64.3 64.6
2002 65.1 64
2001 68 67.7
2000 65 64.1
1999 65.6 64.9
1998 68.8 64.9
1997 65.1 64.5
1996 65.2 65.4
1995 56.8 70.2

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

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

The Economic Freedom Index for Bolivia is 42.4, ranking 184/197, compared to 68.5 for Oman, ranking 45/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bolivia Oman
Services, % of GDP
53.4%
2024
47.2%
2025
Industry, % of GDP
31.3%
2024
52.7%
2025
Agriculture, forestry, and fishing, % of GDP
8.83%
2024
2.81%
2025
GNI, Atlas method
$55.6B
2025
$103B
2024
GNI per capita, PPP
$12,530
2025
$39,390
2024
Total reserves including gold
$580M
2025
$18.3B
2024
Total reserves ranking
155/177
2025
68/177
2024
Net foreign direct investment
-$464M
2025
-$12.6B
2024
Net inflows of foreign direct investment
$358M
2024
$12.5B
2024
Net outflows of foreign direct investment
$133M
2024
-$143M
2024
Servicing debt to the IMF, % of GNI
3.41%
2024
n/a
Poverty at national poverty lines
37.7%
2024
n/a
Gross capital formation, % of GDP
17.9%
2024
24.8%
2024

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/oman | 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 (2021–2025, 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.