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Economy of Bolivia vs Senegal compared: GDP & Debt

Updated on by Georank team

Bolivia has a GDP of $54.9B compared to $32.8B for Senegal, ranking 88/197 and 109/197 by economy size, respectively.

Bolivia has $53.8B in government debt (98% of GDP), compared to $42.1B (128.4% of GDP) in Senegal.

Bolivia vs Senegal GDP by year

Bolivia
Senegal
1x
Year GDP, current $
Bolivia Senegal
2024 $54,881,327,453 $32,808,056,601
2023 $52,340,206,946 $30,696,331,296
2022 $50,959,081,954 $27,783,332,223
2021 $47,877,892,402 $27,520,784,130
2020 $42,313,784,081 $24,530,513,038
2019 $49,056,643,589 $23,403,995,992
2018 $48,414,038,842 $23,116,701,556
2017 $45,927,439,595 $20,996,562,944
2016 $33,941,126,194 $19,040,312,333
2015 $33,000,198,249 $17,774,766,696
2014 $32,996,188,017 $19,797,253,440
2013 $30,659,338,886 $18,918,667,725
2012 $27,084,497,482 $17,660,870,412
2011 $23,963,164,697 $17,814,283,639
2010 $19,649,723,722 $16,121,315,909
2009 $17,339,992,194 $16,145,867,495
2008 $16,674,276,286 $16,853,989,628
2007 $13,120,108,008 $13,994,218,413
2006 $11,451,844,902 $11,697,918,243
2005 $9,549,122,905 $11,009,033,438
2004 $8,773,451,752 $10,076,816,667
2003 $8,082,399,640 $8,768,721,563
2002 $7,905,485,146 $7,006,402,320
2001 $8,141,516,928 $6,507,824,829
2000 $8,397,855,485 $6,013,185,004
1999 $8,285,064,435 $6,592,834,933
1998 $8,497,494,652 $6,505,607,909
1997 $7,925,736,821 $6,041,478,726
1996 $7,396,949,126 $6,559,712,166
1995 $6,715,161,732 $6,326,342,633
1994 $5,981,222,859 $5,034,588,196
1993 $5,734,699,489 $7,367,986,241
1992 $5,643,868,749 $7,769,817,840
1991 $5,343,262,457 $7,255,210,470
1990 $4,867,582,598 $7,390,967,360
1989 $4,715,973,437 $6,366,039,373
1988 $4,597,612,362 $6,418,419,389
1987 $4,347,956,338 $6,487,353,103
1986 $3,959,382,833 $5,392,093,446
1985 $5,377,276,555 $3,818,944,918
1984 $6,169,483,225 $3,485,165,432
1983 $5,422,656,823 $3,569,356,125
1982 $5,594,126,369 $4,013,951,443
1981 $5,891,598,695 $4,095,892,781
1980 $4,537,479,608 $4,510,108,291
1979 $4,421,336,383 $4,084,877,823
1978 $3,758,220,890 $3,280,354,921
1977 $3,227,436,282 $2,938,046,463
1976 $2,731,984,008 $2,869,777,884
1975 $2,404,697,651 $2,830,388,405
1974 $2,100,249,875 $2,099,325,229
1973 $1,262,968,516 $1,863,398,590
1972 $1,257,615,645 $1,620,857,104
1971 $1,095,622,896 $1,339,549,033
1970 $1,017,003,367 $1,297,407,655
1969 $929,629,630 $1,245,234,931
1968 $857,912,458 $1,309,384,862
1967 $755,808,081 $1,246,480,766
1966 $669,191,919 $1,246,908,186
1965 $604,377,104 $1,210,058,228
1964 $544,023,569 $1,188,930,645
1963 $482,828,283 $1,122,139,862
1962 $448,400,673 $1,085,475,791
1961 $410,101,010 $1,058,975,257
1960 $377,020,202 $1,003,692,370

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

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

GDP per capita in Bolivia vs Senegal by year

Bolivia
GDP per capita

GDP per capita, PPP
Senegal
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bolivia Senegal
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $4,421 $12,878 $1,773 $5,071
2023 $4,275 $12,892 $1,698 $4,778
2022 $4,219 $12,307 $1,574 $4,530
2021 $4,011 $11,202 $1,598 $4,174
2020 $3,581 $9,581 $1,461 $3,753
2019 $4,203 $11,005 $1,431 $3,648
2018 $4,207 $10,758 $1,453 $3,380
2017 $4,048 $10,420 $1,357 $3,234
2016 $3,036 $9,242 $1,266 $3,101
2015 $2,996 $8,757 $1,218 $2,994
2014 $3,041 $8,629 $1,399 $2,854
2013 $2,870 $8,069 $1,380 $2,769
2012 $2,576 $7,184 $1,327 $2,764
2011 $2,316 $6,598 $1,375 $2,685
2010 $1,930 $6,245 $1,276 $2,663
2009 $1,731 $6,024 $1,309 $2,606
2008 $1,693 $5,890 $1,399 $2,581
2007 $1,355 $5,537 $1,189 $2,499
2006 $1,203 $5,244 $1,017 $2,422
2005 $1,020 $4,938 $980 $2,350
2004 $953 $4,663 $918 $2,236
2003 $893 $4,433 $818 $2,131
2002 $888 $4,304 $669 $2,027
2001 $930 $4,205 $637 $2,044
2000 $976 $4,113 $603 $1,963
1999 $979 $3,991 $678 $1,893
1998 $1,022 $3,988 $685 $1,798
1997 $970 $3,822 $651 $1,719
1996 $922 $3,645 $723 $1,679
1995 $853 $3,494 $715 $1,656
1994 $774 $3,331 $584 $1,578
1993 $757 $3,177 $878 $1,588
1992 $760 $3,036 $951 $1,573
1991 $734 $2,981 $913 $1,561
1990 $683 $2,797 $957 $1,513
1989 $675 - $849 -
1988 $673 - $880 -
1987 $650 - $916 -
1986 $604 - $784 -
1985 $838 - $571 -
1984 $982 - $536 -
1983 $882 - $564 -
1982 $930 - $652 -
1981 $1,001 - $683 -
1980 $788 - $772 -
1979 $785 - $716 -
1978 $683 - $589 -
1977 $600 - $540 -
1976 $520 - $541 -
1975 $468 - $547 -
1974 $418 - $417 -
1973 $257.2 - $381 -
1972 $261.9 - $342 -
1971 $233.4 - $291.1 -
1970 $221.6 - $290.5 -
1969 $207.1 - $287.3 -
1968 $195.5 - $311 -
1967 $176.1 - $305 -
1966 $159.3 - $315 -
1965 $147.1 - $314 -
1964 $135.2 - $318 -
1963 $122.6 - $309 -
1962 $116.2 - $307 -
1961 $108.5 - $308 -
1960 $101.8 - $300 -

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

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

Bolivia's GDP per capita is $4,421, ranking 125/197, compared to $1,773 in Senegal, ranking 159/197. Adjusted for purchasing power (GDP per capita PPP), Bolivia ranks 122nd at $12,878, while Senegal ranks 158th at $5,071.

Economic indicators

Bolivia Senegal
Gross domestic product
$54.9B
2024
$32.8B
2024
GDP rank
88/197
2024
109/197
2024
GDP growth
-1.12%
2023-2024
6.06%
2023-2024
GDP per capita
$4,421
2024
$1,773
2024
GDP per capita rank
125/197
2024
159/197
2024
GDP per capita, PPP
$12,878
2024
$5,071
2024
GDP per capita PPP rank
122/197
2024
158/197
2024
Government debt
$53.8B
2024
$42.1B
2024
Debt-to-GDP ratio
98%
2024
128.4%
2024
Government debt per person
$4,331
2024
$2,277
2024
Government debt per person rank
88/185
2024
115/185
2024
Average annual personal income after taxes
$4,720
2026
$2,194
2026
Income share by richest 10%
31.3%
2023
28.8%
2021
Income share by poorest 10%
1.8%
2023
3%
2021
Government expenditure, % of GDP
39.8%
2024
33.5%
2024
Consumer prices inflation
5.1%
2023-2024
0.8%
2023-2024
Central bank interest rate
3.26%
2025
n/a
Unemployment rate
2.73%
2024
5.78%
2024
Population
12798112
19491599

Spending and national debt comparison by year

Bolivia
Spending

Debt
Senegal
Spending

Debt
1x
Year % of GDP
Bolivia Senegal
Government spending Government debt Government spending Government debt
2024 39.8% 98% 33.5% 128.4%
2023 38.7% 90.8% 35.5% 118.4%
2022 36% 80.1% 36.2% 105%
2021 34.8% 81.4% 33.6% 98.6%
2020 36.8% 78% 29.6% 90.2%
2019 36.1% 58.6% 34.3% 81.5%
2018 37.7% 53.1% 22.6% 61.5%
2017 38.6% 51.3% 22.5% 61.1%
2016 40% 46.5% 24% 47.5%
2015 44.5% 40.9% 22.9% 44.5%
2014 41.2% 37.6% 23.1% 42.4%
2013 35.4% 36.1% 22.1% 36.9%
2012 36% 35.4% 23% 34.5%
2011 35.4% 35.3% 23.3% 32.9%
2010 31.5% 37.6% 21.7% 34.6%
2009 33.2% 39.2% 21.1% 29.9%
2008 35.3% 36.8% 20.9% 19.1%
2007 32.7% 40% 22.2% 19%
2006 29.8% 54.4% 21.3% 17.5%
2005 33.2% 82.2% 18.7% 36.1%
2004 32.3% 89.8% 18.1% 38%
2003 32% 95.6% 17.1% 42.9%
2002 33.3% 86.7% 15.5% 52%
2001 32% 83% 15.7% 53.2%
2000 29.3% 74.3% 14% 57.5%
1999 29.4% 61.7% 14.6% 15%
1998 30% 61.2% 13.5% 18.8%
1997 28.3% 64.6% 14.1% 67.8%
1996 26% 72.4% 15.4% 0.07%
1995 25.8% 81.7% 14.4% 65.3%
1994 26.8% 87.6% 15.9% 77.3%
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/senegal | CC BY

In 2024, Bolivia's government spending was $21.9B, accounting for 39.8% of its GDP, while Senegal spent $11B, or 33.5% of GDP.

Debt-to-GDP ratio is 98% in Bolivia and 128.4% in Senegal, ranking 26/185 and 11/185, respectively.

Government deficit by year

Deficit/surplus
Bolivia

Senegal
1x
Year Deficit/surplus, % of GDP
Bolivia Senegal
2024 -10.6% -13.4%
2023 -10.9% -14.8%
2022 -7.12% -16.1%
2021 -9.33% -13.7%
2020 -12.7% -9.64%
2019 -7.25% -13.9%
2018 -8.17% -3.66%
2017 -7.86% -2.97%
2016 -7.24% -3.27%
2015 -6.93% -3.66%
2014 -3.41% -3.9%
2013 0.6% -4.34%
2012 1.72% -4.18%
2011 0.83% -4.92%
2010 1.62% -3.94%
2009 2.63% -3.66%
2008 3.53% -3.53%
2007 -1.54% -2.8%
2006 4.47% -3.67%
2005 -2.24% -0.26%
2004 -5.54% 0.18%
2003 -7.88% -0.52%
2002 -8.79% 0.19%
2001 -6.82% -1.44%
2000 -3.73% 0.78%
1999 -3.84% -0.62%
1998 -5.1% 0.93%
1997 -3.28% 0.98%
1996 -1.9% 0.92%
1995 -1.82% 2.41%
1994 -3% 5.9%
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/senegal | 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 Senegal's deficit of $4.4B, or 13.4% of GDP.

Over the past 31 years, Bolivia recorded a fiscal deficit in 24 of those years, while Senegal ran a deficit in 23 years. On average, Bolivia posted an annual deficit equal to 4.25% of GDP, compared to deficit of 3.89% of GDP for Senegal.

Inflation comparison by year

Inflation
Bolivia

Senegal
1x
Year Consumer prices inflation
Bolivia Senegal
2024 5.1% 0.8%
2023 2.58% 5.94%
2022 1.75% 9.7%
2021 0.74% 2.18%
2020 0.94% 2.54%
2019 1.84% 1.76%
2018 2.27% 0.46%
2017 2.82% 1.32%
2016 3.62% 0.84%
2015 4.06% 0.14%
2014 5.77% -1.09%
2013 5.74% 0.71%
2012 4.52% 1.42%
2011 9.88% 3.4%
2010 2.5% 1.23%
2009 3.35% -2.25%
2008 14% 7.35%
2007 8.71% 5.85%
2006 4.28% 2.11%
2005 5.39% 1.71%
2004 4.44% 0.51%
2003 3.34% -0.05%
2002 0.93% 2.34%
2001 1.59% 2.97%
2000 4.61% 0.73%
1999 2.16% 0.83%
1998 7.67% 1.16%
1997 4.71% 1.75%

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

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

Over the past 28 years, Bolivia has recorded an average annual inflation rate of 4.26%, compared with 2.01% in Senegal. In 2024, inflation was 5.1% in Bolivia and 0.8% in Senegal.

Top exports between countries

Bolivia
Export category Export value
Machinery & equipment $32K
Textiles & consumer goods $14K
Metals $2K
Miscellaneous $2K
Senegal
Export category Export value
Machinery & equipment $1K
Wood & paper products $1K

Balance of trade

Bolivia Senegal
Current account balance
-$1.41B
2024
-$6.07B
2023
Current account balance ranking
132/190
2024
170/190
2023
Current account balance, % of GDP
-2.56%
2024
-19.8%
2023
Goods imports
$9.15B
2024
$10.8B
2023
Goods exports
$8.93B
2024
$5.52B
2023
Service imports
$2.35B
2024
$4.08B
2023
Service exports
$1.14B
2024
$1.48B
2023
Imports of goods and services, % of GDP
25.5%
2024
43.4%
2024
Exports of goods and services, % of GDP
21.4%
2024
24.7%
2024

Economic freedom indices

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

Bolivia Senegal
Economic freedom 42.4 53.2
Economic freedom ranking 184/197 140/197
Property rights 20.2 57.4
Government integrity 27.1 47.3
Judicial effectiveness 29.5 50.5
Tax burden 86.4 68.8
Government spending 56.3 63.1
Fiscal health 0.8 0
Business freedom 53.6 55.2
Labor freedom 52.2 54.4
Monetary freedom 67.1 74.3
Trade freedom 60.6 67
Investment freedom 15 60
Financial freedom 40 40

Economic freedom comparison by year

Bolivia
Senegal
1x
Year Economic freedom index
Bolivia Senegal
2026 42.4 53.2
2025 44.1 56.4
2024 43.5 55.4
2023 43.4 57.7
2022 43 60
2021 42.7 58
2020 42.8 58
2019 42.3 56.3
2018 44.1 55.7
2017 47.7 55.9
2016 47.4 58.1
2015 46.8 57.8
2014 48.4 55.4
2013 47.9 55.5
2012 50.2 55.4
2011 50 55.7
2010 49.4 54.6
2009 53.6 56.3
2008 53.1 58.3
2007 54.2 58.1
2006 57.8 56.2
2005 58.4 57.9
2004 64.5 58.9
2003 64.3 58.1
2002 65.1 58.6
2001 68 58.7
2000 65 58.9
1999 65.6 60.6
1998 68.8 59.7
1997 65.1 58.1
1996 65.2 58.2
1995 56.8 -

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

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

The Economic Freedom Index for Bolivia is 42.4, ranking 184/197, compared to 53.2 for Senegal, ranking 140/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bolivia Senegal
Services, % of GDP
53.4%
2024
48.4%
2024
Industry, % of GDP
31.3%
2024
25%
2024
Agriculture, forestry, and fishing, % of GDP
8.83%
2024
16.6%
2024
GNI, Atlas method
$51.7B
2024
$31.1B
2024
GNI per capita, PPP
$12,620
2024
$4,920
2024
Total reserves including gold
$1.98B
2024
n/a
Total reserves ranking
127/177
2024
n/a
Net foreign direct investment
-$113M
2024
-$4.72B
2023
Net inflows of foreign direct investment
$387M
2024
$2.02B
2024
Net outflows of foreign direct investment
$133M
2024
$48.1M
2024
Servicing debt to the IMF, % of GNI
3.41%
2024
10.8%
2024
Poverty at national poverty lines
36.5%
2023
37.5%
2021
Gross capital formation, % of GDP
17.9%
2024
37.5%
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/senegal | 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 (2020–2024, 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.