Skip to content

Economy of Bolivia vs Rwanda compared: GDP & Debt

Updated on by Georank

Bolivia has a GDP of $64.8B compared to $16.4B for Rwanda, ranking 88/197 and 142/197 by economy size, respectively.

Bolivia has $54.9B in government debt (84.8% of GDP), compared to $10.6B (64.6% of GDP) in Rwanda.

Bolivia vs Rwanda GDP by year

Bolivia
Rwanda
1x
Year GDP, current $
Bolivia Rwanda
2025 $64,768,947,525 $16,372,132,990
2024 $54,881,327,453 $15,111,064,182
2023 $52,340,206,946 $14,806,501,437
2022 $50,959,081,954 $13,747,404,814
2021 $47,877,892,402 $11,252,894,910
2020 $42,313,784,081 $10,487,146,253
2019 $49,056,643,589 $10,519,272,170
2018 $48,414,038,842 $9,650,161,136
2017 $45,927,439,595 $9,164,345,443
2016 $33,941,126,194 $8,596,812,241
2015 $33,000,198,249 $8,447,064,079
2014 $32,996,188,017 $8,129,984,484
2013 $30,659,338,886 $7,714,276,920
2012 $27,084,497,482 $7,556,673,276
2011 $23,963,164,697 $6,802,676,034
2010 $19,649,723,722 $6,052,276,078
2009 $17,339,992,194 $5,603,399,015
2008 $16,674,276,286 $5,120,655,375
2007 $13,120,108,008 $4,017,977,507
2006 $11,451,844,902 $3,274,207,945
2005 $9,549,122,905 $2,933,819,766
2004 $8,773,451,752 $2,376,496,067
2003 $8,082,399,640 $2,138,237,279
2002 $7,905,485,146 $1,966,003,468
2001 $8,141,516,928 $1,966,600,715
2000 $8,397,855,485 $2,068,836,754
1999 $8,285,064,435 $2,157,108,263
1998 $8,497,494,652 $1,989,343,546
1997 $7,925,736,821 $1,851,558,197
1996 $7,396,949,126 $1,382,334,879
1995 $6,715,161,732 $1,293,535,193
1994 $5,981,222,859 $753,636,370
1993 $5,734,699,489 $1,971,525,712
1992 $5,643,868,749 $2,029,026,962
1991 $5,343,262,457 $1,911,600,237
1990 $4,867,582,598 $2,550,185,679
1989 $4,715,973,437 $2,405,022,593
1988 $4,597,612,362 $2,395,492,687
1987 $4,347,956,338 $2,157,432,668
1986 $3,959,382,833 $1,944,710,684
1985 $5,377,276,555 $1,715,626,331
1984 $6,169,483,225 $1,587,413,084
1983 $5,422,656,823 $1,479,687,587
1982 $5,594,126,369 $1,407,243,139
1981 $5,891,598,695 $1,407,062,527
1980 $4,537,479,608 $1,254,765,642
1979 $4,421,336,383 $1,109,346,131
1978 $3,758,220,890 $905,709,076
1977 $3,227,436,282 $746,650,613
1976 $2,731,984,008 $637,753,853
1975 $2,404,697,651 $571,863,500
1974 $2,100,249,875 $308,458,423
1973 $1,262,968,516 $290,746,157
1972 $1,257,615,645 $246,457,838
1971 $1,095,622,896 $222,952,504
1970 $1,017,003,367 $219,900,006
1969 $929,629,630 $188,700,037
1968 $857,912,458 $172,200,018
1967 $755,808,081 $159,560,018
1966 $669,191,919 $124,525,703
1965 $604,377,104 $148,799,980
1964 $544,023,569 $129,999,994
1963 $482,828,283 $128,000,000
1962 $448,400,673 $125,000,008
1961 $410,101,010 $122,000,016
1960 $377,020,202 $119,000,024

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

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

GDP per capita in Bolivia vs Rwanda by year

Bolivia
GDP per capita

GDP per capita, PPP
Rwanda
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bolivia Rwanda
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $5,148 - $1,124 -
2024 $4,421 $12,878 $1,060 $3,711
2023 $4,275 $12,892 $1,061 $3,399
2022 $4,219 $12,307 $1,007 $3,099
2021 $4,011 $11,202 $843 $2,733
2020 $3,581 $9,581 $803 $2,285
2019 $4,203 $11,005 $823 $2,336
2018 $4,207 $10,758 $773 $2,125
2017 $4,048 $10,420 $751 $1,968
2016 $3,036 $9,242 $721 $1,866
2015 $2,996 $8,757 $726 $1,781
2014 $3,041 $8,629 $715 $1,678
2013 $2,870 $8,069 $695 $1,512
2012 $2,576 $7,184 $698 $1,455
2011 $2,316 $6,598 $643 $1,413
2010 $1,930 $6,245 $587 $1,314
2009 $1,731 $6,024 $557 $1,241
2008 $1,693 $5,890 $522 $1,191
2007 $1,355 $5,537 $421 $1,079
2006 $1,203 $5,244 $352 $1,002
2005 $1,020 $4,938 $324 $914
2004 $953 $4,663 $269.5 $832
2003 $893 $4,433 $249 $775
2002 $888 $4,304 $234 $760
2001 $930 $4,205 $237.3 $670
2000 $976 $4,113 $251.9 $609
1999 $979 $3,991 $264.7 $554
1998 $1,022 $3,988 $246.2 $528
1997 $970 $3,822 $238.7 $500
1996 $922 $3,645 $206 $499
1995 $853 $3,494 $228 $514
1994 $774 $3,331 $111 $311
1993 $757 $3,177 $247 $521
1992 $760 $3,036 $264.1 $575
1991 $734 $2,981 $254 $542
1990 $683 $2,797 $346 $549
1989 $675 - $335 -
1988 $673 - $344 -
1987 $650 - $320 -
1986 $604 - $297.7 -
1985 $838 - $271.6 -
1984 $982 - $259.9 -
1983 $882 - $250.6 -
1982 $930 - $246.4 -
1981 $1,001 - $254.6 -
1980 $788 - $234.4 -
1979 $785 - $213.8 -
1978 $683 - $179.9 -
1977 $600 - $152.7 -
1976 $520 - $134.4 -
1975 $468 - $124.1 -
1974 $418 - $68.9 -
1973 $257.2 - $66.9 -
1972 $261.9 - $58.4 -
1971 $233.4 - $54.4 -
1970 $221.6 - $55.2 -
1969 $207.1 - $48.9 -
1968 $195.5 - $46 -
1967 $176.1 - $44 -
1966 $159.3 - $35.4 -
1965 $147.1 - $43.5 -
1964 $135.2 - $39 -
1963 $122.6 - $39.3 -
1962 $116.2 - $39.2 -
1961 $108.5 - $39.3 -
1960 $101.8 - $39.4 -

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

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

Bolivia's GDP per capita is $5,148, ranking 121/197, compared to $1,124 in Rwanda, ranking 178/197. Adjusted for purchasing power (GDP per capita PPP), Bolivia ranks 122nd at $12,878, while Rwanda ranks 168th at $3,711.

Economic indicators

Bolivia Rwanda
Gross domestic product
$64.8B
2025
$16.4B
2025
GDP rank
88/197
2025
142/197
2025
GDP growth
-1.58%
2024-2025
9.38%
2024-2025
GDP per capita
$5,148
2025
$1,124
2025
GDP per capita rank
121/197
2025
178/197
2025
GDP per capita, PPP
$12,878
2024
$3,711
2024
GDP per capita PPP rank
122/197
2024
168/197
2024
Government debt
$54.9B
2025
$10.6B
2025
Debt-to-GDP ratio
84.8%
2025
64.6%
2025
Government debt per person
$4,364
2025
$726
2025
Government debt per person rank
93/185
2025
155/185
2025
Average annual personal income after taxes
$4,410
2026
$1,614
2026
Market capitalization of domestic companies n/a
$3.2B
2025
Income share by richest 10%
30.6%
2024
33.4%
2023
Income share by poorest 10%
1.9%
2024
3.1%
2023
Government expenditure, % of GDP
32.2%
2025
24.1%
2025
Consumer prices inflation
19.5%
2024-2025
5.91%
2024-2025
Central bank interest rate
3.26%
2025
6.75%
2025
Unemployment rate
2.73%
2024
5.36%
2025
Population
12837312
15062056

Spending and national debt comparison by year

Bolivia
Spending

Debt
Rwanda
Spending

Debt
1x
Year % of GDP
Bolivia Rwanda
Government spending Government debt Government spending Government debt
2025 32.2% 84.8% 24.1% 64.6%
2024 33.5% 83.2% 27.1% 63.4%
2023 33.5% 78.3% 26.2% 61.4%
2022 31.2% 69.2% 28.7% 59%
2021 29.4% 68.7% 31% 66.2%
2020 31.9% 67.5% 32.5% 66.7%
2019 30.1% 48.9% 27.7% 52.8%
2018 31.4% 44.2% 26.3% 49.2%
2017 31.6% 41.9% 25.3% 46.1%
2016 32.9% 38.2% 25.4% 41.5%
2015 37% 34% 26.9% 33.5%
2014 34.9% 31.8% 27.8% 29.5%
2013 30.4% 31% 26.5% 27%
2012 31.3% 30.7% 24.9% 19.3%
2011 30.6% 30.5% 25% 18.9%
2010 27.5% 32.8% 24.1% 19%
2009 28.9% 34.1% 22.6% 18.7%
2008 31.1% 32.4% 22.7% 18.5%
2007 28.9% 35.5% 22.7% 22.4%
2006 26.6% 48.6% 20.9% 22.8%
2005 29.5% 73.2% 20.2% 59.8%
2004 29% 80.6% 18.1% 82.1%
2003 28.6% 85.5% 18.8% 80.7%
2002 29.6% 77.2% 20.7% 93.4%
2001 28.6% 74.4% 19.3% 85.2%
2000 26.2% 66.5% 18.5% 87.2%
1999 26.3% 61.7% 22.7% 79.5%
1998 26.8% 61.2% 16.6% 71.1%
1997 25.3% 64.6% 17.2% 73.3%
1996 23.3% 72.4% 19.8% 84.6%
1995 23.1% 81.7% 18.3% 102.2%
1994 23.9% 87.6% 13.5% -
1993 24.3% 83.8% 20.6% -
1992 22.6% 92.4% 21.8% -
1991 21.6% 92.8% - -
1990 20.4% 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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08).

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

In 2025, Bolivia's government spending was $20.8B, accounting for 32.2% of its GDP, while Rwanda spent $3.95B, or 24.1% of GDP.

Debt-to-GDP ratio is 84.8% in Bolivia and 64.6% in Rwanda, ranking 36/185 and 68/185, respectively.

Government deficit by year

Deficit/surplus
Bolivia

Rwanda
1x
Year Deficit/surplus, % of GDP
Bolivia Rwanda
2025 -11.6% -4.49%
2024 -8.7% -6.19%
2023 -9.46% -4.88%
2022 -6.15% -5.56%
2021 -7.87% -6.89%
2020 -11% -9.26%
2019 -6.04% -5%
2018 -6.8% -2.57%
2017 -6.42% -2.54%
2016 -5.95% -2.3%
2015 -5.76% -2.71%
2014 -2.88% -3.97%
2013 0.51% -1.29%
2012 1.49% -2.41%
2011 0.72% -0.87%
2010 1.42% -0.65%
2009 2.29% 0.26%
2008 3.1% 0.84%
2007 -1.37% -1.58%
2006 3.99% -0.03%
2005 -2% 1.14%
2004 -4.97% 2.31%
2003 -7.04% -1.25%
2002 -7.82% -2.06%
2001 -6.11% -1.83%
2000 -3.34% -0.22%
1999 -3.43% -4.48%
1998 -4.56% -2.63%
1997 -2.94% -2.25%
1996 -1.7% -5.08%
1995 -1.63% -2.07%
1994 -2.68% -9.68%
1993 -5.46% -6.7%
1992 -3.94% -7.31%
1991 -3.76% -
1990 -3.94% -
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/rwanda | 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 Rwanda's deficit of $736M, or 4.49% of GDP.

Over the past 34 years, Bolivia recorded a fiscal deficit in 27 of those years, while Rwanda ran a deficit in 30 years. On average, Bolivia posted an annual deficit equal to 3.94% of GDP, compared to deficit of 3.06% of GDP for Rwanda.

Inflation comparison by year

Inflation
Bolivia

Rwanda
1x
Year Consumer prices inflation
Bolivia Rwanda
2025 19.5% 5.91%
2024 5.1% 1.77%
2023 2.58% 19.8%
2022 1.75% 17.7%
2021 0.74% -0.39%
2020 0.94% 9.85%
2019 1.84% 3.35%
2018 2.27% -0.31%
2017 2.82% 8.28%
2016 3.62% 7.17%
2015 4.06% 2.53%
2014 5.77% 2.35%
2013 5.74% 5.92%
2012 4.52% 10.3%
2011 9.88% 3.08%
2010 2.5% -0.25%
2009 3.35% 12.9%
2008 14% 15.4%
2007 8.71% 9.08%
2006 4.28% 8.88%
2005 5.39% 9.01%
2004 4.44% 12.3%
2003 3.34% 7.45%
2002 0.93% 1.99%
2001 1.59% 3.34%
2000 4.61% 3.9%
1999 2.16% -2.41%
1998 7.67% 6.21%
1997 4.71% 12%

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

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

Over the past 29 years, Bolivia has recorded an average annual inflation rate of 4.79%, compared with 6.8% in Rwanda. In 2025, inflation was 19.5% in Bolivia and 5.91% in Rwanda.

Top exports between countries

Bolivia
Export category Export value
Rwanda
Export category Export value
Textiles & consumer goods $7K
Chemicals & pharma $2K
Metals $1K
Precious metals & jewellery $1K
Wood & paper products $1K

Balance of trade

Bolivia Rwanda
Current account balance
-$1.22B
2025
-$1.81B
2024
Current account balance ranking
124/190
2025
136/190
2024
Current account balance, % of GDP
-1.88%
2025
-12%
2024
Goods imports
$9.23B
2025
$5.55B
2024
Goods exports
$9.56B
2025
$3.2B
2024
Service imports
$2.25B
2025
$991M
2024
Service exports
$1.21B
2025
$1.08B
2024
Imports of goods and services, % of GDP
25.5%
2024
35.1%
2025
Exports of goods and services, % of GDP
21.4%
2024
21.6%
2025

Economic freedom indices

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

Bolivia Rwanda
Economic freedom 42.4 56.5
Economic freedom ranking 184/197 121/197
Property rights 20.2 60.3
Government integrity 27.1 53.9
Judicial effectiveness 29.5 27.5
Tax burden 86.4 80.6
Government spending 56.3 75.7
Fiscal health 0.8 37.5
Business freedom 53.6 60.1
Labor freedom 52.2 49.1
Monetary freedom 67.1 72.3
Trade freedom 60.6 61.8
Investment freedom 15 60
Financial freedom 40 40

Economic freedom comparison by year

Bolivia
Rwanda
1x
Year Economic freedom index
Bolivia Rwanda
2026 42.4 56.5
2025 44.1 54.8
2024 43.5 51.6
2023 43.4 52.2
2022 43 57.1
2021 42.7 68.3
2020 42.8 70.9
2019 42.3 71.1
2018 44.1 69.1
2017 47.7 67.6
2016 47.4 63.1
2015 46.8 64.8
2014 48.4 64.7
2013 47.9 64.1
2012 50.2 64.9
2011 50 62.7
2010 49.4 59.1
2009 53.6 54.2
2008 53.1 54.2
2007 54.2 52.4
2006 57.8 52.8
2005 58.4 51.7
2004 64.5 53.3
2003 64.3 47.8
2002 65.1 50.4
2001 68 45.4
2000 65 42.3
1999 65.6 39.8
1998 68.8 39.1
1997 65.1 38.3
1996 65.2 -
1995 56.8 -

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

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

The Economic Freedom Index for Bolivia is 42.4, ranking 184/197, compared to 56.5 for Rwanda, ranking 121/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bolivia Rwanda
Services, % of GDP
53.4%
2024
52.3%
2025
Industry, % of GDP
31.3%
2024
22%
2025
Agriculture, forestry, and fishing, % of GDP
8.83%
2024
20.3%
2025
GNI, Atlas method
$55.6B
2025
$16.7B
2025
GNI per capita, PPP
$12,530
2025
$4,070
2025
Total reserves including gold
$580M
2025
$1.96B
2025
Total reserves ranking
155/177
2025
128/177
2025
Net foreign direct investment
-$464M
2025
-$560M
2024
Net inflows of foreign direct investment
$358M
2024
$573M
2024
Net outflows of foreign direct investment
$133M
2024
$13.2M
2024
Servicing debt to the IMF, % of GNI
3.41%
2024
2.91%
2024
Poverty at national poverty lines
37.7%
2024
27.4%
2023
Gross capital formation, % of GDP
17.9%
2024
34.1%
2025

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/rwanda | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

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 (2024, 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.