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Economy of Bolivia vs San Marino compared: GDP & Debt

Updated on by Georank

Bolivia has a GDP of $64.8B compared to $2.03B for San Marino, ranking 88/197 and 180/197 by economy size, respectively.

Bolivia has $54.9B in government debt (84.8% of GDP), compared to $1.39B (60.6% of GDP) in San Marino.

Bolivia vs San Marino GDP by year

Bolivia
San Marino
1x
Year GDP, current $
Bolivia San Marino
2025 $64,768,947,525 -
2024 $54,881,327,453 -
2023 $52,340,206,946 $2,027,243,194
2022 $50,959,081,954 $1,831,701,023
2021 $47,877,892,402 $1,855,395,712
2020 $42,313,784,081 $1,544,713,785
2019 $49,056,643,589 $1,616,231,696
2018 $48,414,038,842 $1,655,354,329
2017 $45,927,439,595 $1,528,621,193
2016 $33,941,126,194 $1,468,342,400
2015 $33,000,198,249 $1,419,400,396
2014 $32,996,188,017 $1,673,910,988
2013 $30,659,338,886 $1,678,741,202
2012 $27,084,497,482 $1,604,701,051
2011 $23,963,164,697 $1,813,717,695
2010 $19,649,723,722 $1,881,191,950
2009 $17,339,992,194 $2,064,277,984
2008 $16,674,276,286 $2,403,214,436
2007 $13,120,108,008 $2,188,653,429
2006 $11,451,844,902 $1,909,765,811
2005 $9,549,122,905 $1,786,513,631
2004 $8,773,451,752 $1,715,341,295
2003 $8,082,399,640 $1,462,590,387
2002 $7,905,485,146 $1,148,872,076
2001 $8,141,516,928 $1,059,529,731
2000 $8,397,855,485 $1,007,661,291
1999 $8,285,064,435 $1,109,473,282
1998 $8,497,494,652 $1,048,316,226
1997 $7,925,736,821 $976,606,911
1996 $7,396,949,126 -
1995 $6,715,161,732 -
1994 $5,981,222,859 -
1993 $5,734,699,489 -
1992 $5,643,868,749 -
1991 $5,343,262,457 -
1990 $4,867,582,598 -
1989 $4,715,973,437 -
1988 $4,597,612,362 -
1987 $4,347,956,338 -
1986 $3,959,382,833 -
1985 $5,377,276,555 -
1984 $6,169,483,225 -
1983 $5,422,656,823 -
1982 $5,594,126,369 -
1981 $5,891,598,695 -
1980 $4,537,479,608 -
1979 $4,421,336,383 -
1978 $3,758,220,890 -
1977 $3,227,436,282 -
1976 $2,731,984,008 -
1975 $2,404,697,651 -
1974 $2,100,249,875 -
1973 $1,262,968,516 -
1972 $1,257,615,645 -
1971 $1,095,622,896 -
1970 $1,017,003,367 -
1969 $929,629,630 -
1968 $857,912,458 -
1967 $755,808,081 -
1966 $669,191,919 -
1965 $604,377,104 -
1964 $544,023,569 -
1963 $482,828,283 -
1962 $448,400,673 -
1961 $410,101,010 -
1960 $377,020,202 -

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

GeoRank.org/economy/bolivia/san-marino | CC BY

GDP per capita in Bolivia vs San Marino by year

Bolivia
GDP per capita

GDP per capita, PPP
San Marino
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bolivia San Marino
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $5,148 - - -
2024 $4,421 $12,878 - -
2023 $4,275 $12,892 $59,871 $78,745
2022 $4,219 $12,307 $54,265 $75,941
2021 $4,011 $11,202 $54,169 $64,745
2020 $3,581 $9,581 $44,427 $55,207
2019 $4,203 $11,005 $46,627 $57,444
2018 $4,207 $10,758 $47,951 $54,461
2017 $4,048 $10,420 $45,192 $52,463
2016 $3,036 $9,242 $44,359 $53,033
2015 $2,996 $8,757 $43,147 $52,247
2014 $3,041 $8,629 $51,260 $52,909
2013 $2,870 $8,069 $50,808 $50,770
2012 $2,576 $7,184 $47,946 $51,274
2011 $2,316 $6,598 $55,601 $56,240
2010 $1,930 $6,245 $56,543 $58,926
2009 $1,731 $6,024 $62,429 $61,970
2008 $1,693 $5,890 $75,902 $71,724
2007 $1,355 $5,537 $70,124 $71,744
2006 $1,203 $5,244 $63,271 $67,434
2005 $1,020 $4,938 $59,878 $63,739
2004 $953 $4,663 $58,232 $61,114
2003 $893 $4,433 $52,530 $60,224
2002 $888 $4,304 $41,791 $57,584
2001 $930 $4,205 $39,035 $57,252
2000 $976 $4,113 $37,601 $53,713
1999 $979 $3,991 $41,932 $52,064
1998 $1,022 $3,988 $40,127 $47,679
1997 $970 $3,822 $37,853 $44,426
1996 $922 $3,645 - -
1995 $853 $3,494 - -
1994 $774 $3,331 - -
1993 $757 $3,177 - -
1992 $760 $3,036 - -
1991 $734 $2,981 - -
1990 $683 $2,797 - -
1989 $675 - - -
1988 $673 - - -
1987 $650 - - -
1986 $604 - - -
1985 $838 - - -
1984 $982 - - -
1983 $882 - - -
1982 $930 - - -
1981 $1,001 - - -
1980 $788 - - -
1979 $785 - - -
1978 $683 - - -
1977 $600 - - -
1976 $520 - - -
1975 $468 - - -
1974 $418 - - -
1973 $257.2 - - -
1972 $261.9 - - -
1971 $233.4 - - -
1970 $221.6 - - -
1969 $207.1 - - -
1968 $195.5 - - -
1967 $176.1 - - -
1966 $159.3 - - -
1965 $147.1 - - -
1964 $135.2 - - -
1963 $122.6 - - -
1962 $116.2 - - -
1961 $108.5 - - -
1960 $101.8 - - -

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

GeoRank.org/economy/bolivia/san-marino | CC BY

Bolivia's GDP per capita is $5,148, ranking 121/197, compared to $59,871 in San Marino, ranking 20/197. Adjusted for purchasing power (GDP per capita PPP), Bolivia ranks 122nd at $12,878, while San Marino ranks 17th at $78,745.

Economic indicators

Bolivia San Marino
Gross domestic product
$64.8B
2025
$2.03B
2023
GDP rank
88/197
2025
180/197
2023
GDP growth
-1.58%
2024-2025
0.4%
2022-2023
GDP per capita
$5,148
2025
$59,871
2023
GDP per capita rank
121/197
2025
20/197
2023
GDP per capita, PPP
$12,878
2024
$78,745
2023
GDP per capita PPP rank
122/197
2024
17/197
2023
Government debt
$54.9B
2025
$1.39B
2023
Debt-to-GDP ratio
84.8%
2025
60.6%
2025
Government debt per person
$4,364
2025
$40,914
2023
Government debt per person rank
93/185
2025
17/185
2023
Average annual personal income after taxes
$4,410
2026
$46,440
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
22%
2025
Consumer prices inflation
19.5%
2024-2025
2.3%
2024-2025
Central bank interest rate
3.26%
2025
n/a
Unemployment rate
2.73%
2024
4.92%
2022
Population
12837312
34159

Spending and national debt comparison by year

Bolivia
Spending

Debt
San Marino
Spending

Debt
1x
Year % of GDP
Bolivia San Marino
Government spending Government debt Government spending Government debt
2025 32.2% 84.8% 22% 60.6%
2024 33.5% 83.2% 20.9% 62.9%
2023 33.5% 78.3% 21.7% 68.3%
2022 31.2% 69.2% 21.7% 70.6%
2021 29.4% 68.7% 37.1% 77.2%
2020 31.9% 67.5% 59.2% 69.8%
2019 30.1% 48.9% 22.4% 56.2%
2018 31.4% 44.2% 24.5% 56.7%
2017 31.6% 41.9% 25.6% 56.6%
2016 32.9% 38.2% 23.4% 21.4%
2015 37% 34% 26.3% 19.3%
2014 34.9% 31.8% 23.7% 21%
2013 30.4% 31% 30.2% 23.2%
2012 31.3% 30.7% 30.6% 17.2%
2011 30.6% 30.5% 25.4% 16.6%
2010 27.5% 32.8% 24.4% 20%
2009 28.9% 34.1% 24.8% 20.1%
2008 31.1% 32.4% 22% 15.5%
2007 28.9% 35.5% 20.7% 12.6%
2006 26.6% 48.6% 19.7% 14.2%
2005 29.5% 73.2% 19.3% 14.5%
2004 29% 80.6% 19% 16.9%
2003 28.6% 85.5% - 16.1%
2002 29.6% 77.2% - 17.2%
2001 28.6% 74.4% - 11.6%
2000 26.2% 66.5% - -
1999 26.3% 61.7% - -
1998 26.8% 61.2% - -
1997 25.3% 64.6% - -
1996 23.3% 72.4% - -
1995 23.1% 81.7% - -
1994 23.9% 87.6% - -
1993 24.3% 83.8% - -
1992 22.6% 92.4% - -
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/san-marino | CC BY

In 2025, Bolivia's government spending was $20.8B, accounting for 32.2% of its GDP, while San Marino spent $439M, or 22% of GDP.

Debt-to-GDP ratio is 84.8% in Bolivia and 60.6% in San Marino, ranking 36/185 and 75/185, respectively.

Government deficit by year

Deficit/surplus
Bolivia

San Marino
1x
Year Deficit/surplus, % of GDP
Bolivia San Marino
2025 -11.6% -1%
2024 -8.7% 0.39%
2023 -9.46% -0.72%
2022 -6.15% 0.42%
2021 -7.87% -16.4%
2020 -11% -37.6%
2019 -6.04% -0.11%
2018 -6.8% -1.56%
2017 -6.42% -3.49%
2016 -5.95% -0.19%
2015 -5.76% -3.32%
2014 -2.88% 1.06%
2013 0.51% -7.74%
2012 1.49% -7.08%
2011 0.72% -4.05%
2010 1.42% -2.24%
2009 2.29% -2.46%
2008 3.1% 0.18%
2007 -1.37% 1.83%
2006 3.99% 1.51%
2005 -2% 3.58%
2004 -4.97% 2.44%
2003 -7.04% -
2002 -7.82% -
2001 -6.11% -
2000 -3.34% -
1999 -3.43% -
1998 -4.56% -
1997 -2.94% -
1996 -1.7% -
1995 -1.63% -
1994 -2.68% -
1993 -5.46% -
1992 -3.94% -
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/san-marino | CC BY

In 2023, Bolivia's government deficit, the difference between spending and revenue, was $4.95B, equivalent to 9.46% of GDP. This compares to San Marino's deficit of $14.7M, or 0.72% of GDP.

Over the past 20 years, Bolivia recorded a fiscal deficit in 13 of those years, while San Marino ran a deficit in 13 years. On average, Bolivia posted an annual deficit equal to 3.16% of GDP, compared to deficit of 3.8% of GDP for San Marino.

Inflation comparison by year

Inflation
Bolivia

San Marino
1x
Year Consumer prices inflation
Bolivia San Marino
2025 19.5% 2.3%
2024 5.1% 1.2%
2023 2.58% 5.9%
2022 1.75% 5.3%
2021 0.74% 1.6%
2020 0.94% -0.1%
2019 1.84% 0.5%
2018 2.27% 1.2%
2017 2.82% 1%
2016 3.62% 0.6%
2015 4.06% 0.1%
2014 5.77% 1.1%
2013 5.74% 1.6%
2012 4.52% 2.8%
2011 9.88% 2.2%
2010 2.5% 2.4%
2009 3.35% 2.4%
2008 14% 4.1%
2007 8.71% 2.5%
2006 4.28% 2.1%
2005 5.39% 1.7%
2004 4.44% 1.4%
2003 3.34% 1.3%
2002 0.93% -
2001 1.59% -
2000 4.61% -
1999 2.16% -
1998 7.67% -
1997 4.71% -

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | World Economic Outlook (2003–2025, retrieved 2026-07-08).

GeoRank.org/economy/bolivia/san-marino | CC BY

Over the past 23 years, Bolivia has recorded an average annual inflation rate of 5.09%, compared with 1.97% in San Marino. In 2025, inflation was 19.5% in Bolivia and 2.3% in San Marino.

Balance of trade

Bolivia San Marino
Current account balance
-$1.22B
2025
$446M
2023
Current account balance ranking
124/190
2025
60/190
2023
Current account balance, % of GDP
-1.88%
2025
+22%
2023
Goods imports
$9.23B
2025
$2.25B
2023
Goods exports
$9.56B
2025
$2.53B
2023
Service imports
$2.25B
2025
$894M
2023
Service exports
$1.21B
2025
$1.25B
2023
Imports of goods and services, % of GDP
25.5%
2024
155%
2023
Exports of goods and services, % of GDP
21.4%
2024
186%
2023

Economic freedom indices

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

Bolivia San Marino
Economic freedom 42.4 76
Economic freedom ranking 184/197 16/197
Property rights 20.2 n/a
Government integrity 27.1 n/a
Judicial effectiveness 29.5 n/a
Tax burden 86.4 n/a
Government spending 56.3 n/a
Fiscal health 0.8 n/a
Business freedom 53.6 n/a
Labor freedom 52.2 n/a
Monetary freedom 67.1 n/a
Trade freedom 60.6 n/a
Investment freedom 15 n/a
Financial freedom 40 n/a

Other economic metrics

Bolivia San Marino
Services, % of GDP
53.4%
2024
56.9%
2023
Industry, % of GDP
31.3%
2024
35.8%
2023
Agriculture, forestry, and fishing, % of GDP
8.83%
2024
0.02%
2023
GNI, Atlas method
$55.6B
2025
$1.83B
2023
GNI per capita, PPP
$12,530
2025
$71,920
2023
Total reserves including gold
$580M
2025
$861M
2025
Total reserves ranking
155/177
2025
144/177
2025
Net foreign direct investment
-$464M
2025
$52.7M
2023
Net inflows of foreign direct investment
$358M
2024
-$18.1M
2023
Net outflows of foreign direct investment
$133M
2024
$0
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
16.6%
2023

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/san-marino | 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. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. 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.