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Economy of Bolivia vs Sierra Leone compared: GDP & Debt

Updated on by Georank team

Bolivia has a GDP of $54.9B compared to $6.97B for Sierra Leone, ranking 88/197 and 160/197 by economy size, respectively.

Bolivia has $53.8B in government debt (98% of GDP), compared to $2.91B (41.7% of GDP) in Sierra Leone.

Bolivia vs Sierra Leone GDP by year

Bolivia
Sierra Leone
1x
Year GDP, current $
Bolivia Sierra Leone
2024 $54,881,327,453 $6,971,127,235
2023 $52,340,206,946 $6,415,852,767
2022 $50,959,081,954 $7,121,125,278
2021 $47,877,892,402 $7,166,931,485
2020 $42,313,784,081 $6,688,307,703
2019 $49,056,643,589 $6,523,577,594
2018 $48,414,038,842 $6,390,514,689
2017 $45,927,439,595 $5,749,846,528
2016 $33,941,126,194 $6,084,297,211
2015 $33,000,198,249 $6,788,352,975
2014 $32,996,188,017 $7,686,138,791
2013 $30,659,338,886 $7,502,762,863
2012 $27,084,497,482 $6,141,666,509
2011 $23,963,164,697 $4,861,632,885
2010 $19,649,723,722 $4,262,805,967
2009 $17,339,992,194 $3,953,403,098
2008 $16,674,276,286 $4,157,895,298
2007 $13,120,108,008 $3,632,957,611
2006 $11,451,844,902 $3,263,697,467
2005 $9,549,122,905 $2,545,275,313
2004 $8,773,451,752 $2,237,350,687
2003 $8,082,399,640 $2,142,618,046
2002 $7,905,485,146 $1,933,863,911
2001 $8,141,516,928 $1,681,473,894
2000 $8,397,855,485 $635,866,404
1999 $8,285,064,435 $669,386,624
1998 $8,497,494,652 $672,368,187
1997 $7,925,736,821 $850,232,760
1996 $7,396,949,126 $941,709,423
1995 $6,715,161,732 $870,740,292
1994 $5,981,222,859 $911,853,802
1993 $5,734,699,489 $768,867,883
1992 $5,643,868,749 $679,940,814
1991 $5,343,262,457 $779,981,987
1990 $4,867,582,598 $649,644,098
1989 $4,715,973,437 $932,974,420
1988 $4,597,612,362 $1,055,083,933
1987 $4,347,956,338 $660,106,336
1986 $3,959,382,833 $490,181,457
1985 $5,377,276,555 $856,890,459
1984 $6,169,483,225 $1,087,471,862
1983 $5,422,656,823 $995,104,305
1982 $5,594,126,369 $1,295,361,886
1981 $5,891,598,695 $1,114,830,472
1980 $4,537,479,608 $1,100,685,845
1979 $4,421,336,383 $1,109,374,911
1978 $3,758,220,890 $960,728,339
1977 $3,227,436,282 $691,777,584
1976 $2,731,984,008 $594,895,942
1975 $2,404,697,651 $679,336,344
1974 $2,100,249,875 $648,590,643
1973 $1,262,968,516 $575,230,724
1972 $1,257,615,645 $465,381,340
1971 $1,095,622,896 $419,549,305
1970 $1,017,003,367 $434,410,974
1969 $929,629,630 $408,690,163
1968 $857,912,458 $329,859,732
1967 $755,808,081 $348,795,303
1966 $669,191,919 $375,479,850
1965 $604,377,104 $359,379,856
1964 $544,023,569 $371,847,461
1963 $482,828,283 $348,547,279
1962 $448,400,673 $342,721,416
1961 $410,101,010 $327,834,191
1960 $377,020,202 $322,009,962

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

GeoRank.org/economy/bolivia/sierra-leone | CC BY

GDP per capita in Bolivia vs Sierra Leone by year

Bolivia
GDP per capita

GDP per capita, PPP
Sierra Leone
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bolivia Sierra Leone
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $4,421 $12,878 $807 $3,522
2023 $4,275 $12,892 $758 $3,368
2022 $4,219 $12,307 $860 $3,144
2021 $4,011 $11,202 $885 $2,849
2020 $3,581 $9,581 $845 $2,719
2019 $4,203 $11,005 $844 $2,704
2018 $4,207 $10,758 $846 $2,640
2017 $4,048 $10,420 $779 $2,501
2016 $3,036 $9,242 $844 $2,635
2015 $2,996 $8,757 $965 $2,560
2014 $3,041 $8,629 $1,118 $2,762
2013 $2,870 $8,069 $1,117 $2,701
2012 $2,576 $7,184 $938 $2,317
2011 $2,316 $6,598 $761 $2,043
2010 $1,930 $6,245 $685 $1,900
2009 $1,731 $6,024 $653 $1,814
2008 $1,693 $5,890 $705 $1,824
2007 $1,355 $5,537 $632 $1,770
2006 $1,203 $5,244 $580 $1,698
2005 $1,020 $4,938 $463 $1,615
2004 $953 $4,663 $418 $1,541
2003 $893 $4,433 $414 $1,458
2002 $888 $4,304 $389 $1,360
2001 $930 $4,205 $358 $1,121
2000 $976 $4,113 $143.7 $1,242
1999 $979 $3,991 $155 $1,167
1998 $1,022 $3,988 $156.5 $1,180
1997 $970 $3,822 $199.9 $1,157
1996 $922 $3,645 $224.3 $1,225
1995 $853 $3,494 $208.4 $1,187
1994 $774 $3,331 $218.5 $1,266
1993 $757 $3,177 $185 $1,269
1992 $760 $3,036 $163.2 $1,220
1991 $734 $2,981 $183.7 $1,445
1990 $683 $2,797 $154.8 $1,382
1989 $675 - $231.3 -
1988 $673 - $268.2 -
1987 $650 - $172.4 -
1986 $604 - $131.5 -
1985 $838 - $235.5 -
1984 $982 - $306 -
1983 $882 - $285.8 -
1982 $930 - $380 -
1981 $1,001 - $334 -
1980 $788 - $336 -
1979 $785 - $346 -
1978 $683 - $305 -
1977 $600 - $224.2 -
1976 $520 - $196.4 -
1975 $468 - $228.4 -
1974 $418 - $222.1 -
1973 $257.2 - $200.6 -
1972 $261.9 - $165.4 -
1971 $233.4 - $151.8 -
1970 $221.6 - $160.2 -
1969 $207.1 - $153.6 -
1968 $195.5 - $126.3 -
1967 $176.1 - $136.1 -
1966 $159.3 - $149.3 -
1965 $147.1 - $145.6 -
1964 $135.2 - $153.4 -
1963 $122.6 - $146.3 -
1962 $116.2 - $146.3 -
1961 $108.5 - $142.3 -
1960 $101.8 - $142 -

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

GeoRank.org/economy/bolivia/sierra-leone | CC BY

Bolivia's GDP per capita is $4,421, ranking 125/197, compared to $807 in Sierra Leone, ranking 186/197. Adjusted for purchasing power (GDP per capita PPP), Bolivia ranks 122nd at $12,878, while Sierra Leone ranks 171st at $3,522.

Economic indicators

Bolivia Sierra Leone
Gross domestic product
$54.9B
2024
$6.97B
2024
GDP rank
88/197
2024
160/197
2024
GDP growth
-1.12%
2023-2024
4.29%
2023-2024
GDP per capita
$4,421
2024
$807
2024
GDP per capita rank
125/197
2024
186/197
2024
GDP per capita, PPP
$12,878
2024
$3,522
2024
GDP per capita PPP rank
122/197
2024
171/197
2024
Government debt
$53.8B
2024
$2.91B
2024
Debt-to-GDP ratio
98%
2024
41.7%
2024
Government debt per person
$4,331
2024
$337
2024
Government debt per person rank
88/185
2024
174/185
2024
Average annual personal income after taxes
$4,720
2026
$2,915
2026
Income share by richest 10%
31.3%
2023
29.4%
2018
Income share by poorest 10%
1.8%
2023
3.4%
2018
Government expenditure, % of GDP
39.8%
2024
15.6%
2024
Consumer prices inflation
5.1%
2023-2024
28.4%
2023-2024
Central bank interest rate
3.26%
2025
18.8%
2025
Unemployment rate
2.73%
2024
3.19%
2018
Population
12798112
9049533

Spending and national debt comparison by year

Bolivia
Spending

Debt
Sierra Leone
Spending

Debt
1x
Year % of GDP
Bolivia Sierra Leone
Government spending Government debt Government spending Government debt
2024 39.8% 98% 15.6% 41.7%
2023 38.7% 90.8% 15.4% 49.5%
2022 36% 80.1% 16.7% 54%
2021 34.8% 81.4% 16.8% 47.1%
2020 36.8% 78% 15.6% 46.4%
2019 36.1% 58.6% 13.3% 45.3%
2018 37.7% 53.1% 13.7% 44.2%
2017 38.6% 51.3% 15% 44.2%
2016 40% 46.5% 14.9% 38.9%
2015 44.5% 40.9% 13.1% 28.4%
2014 41.2% 37.6% 13.5% 26.8%
2013 35.4% 36.1% 11.4% 22.3%
2012 36% 35.4% 13.5% 24.1%
2011 35.4% 35.3% 13.2% 25.8%
2010 31.5% 37.6% 12.5% 28.9%
2009 33.2% 39.2% 11.3% 31.1%
2008 35.3% 36.8% 10.3% 46.1%
2007 32.7% 40% 8.1% 26.4%
2006 29.8% 54.4% 9.97% 61.9%
2005 33.2% 82.2% 10.9% 78.9%
2004 32.3% 89.8% 11.1% 93.2%
2003 32% 95.6% 11.7% 99.8%
2002 33.3% 86.7% 12.6% 99.8%
2001 32% 83% 12% 113.5%
2000 29.3% 74.3% 10.3% -
1999 29.4% 61.7% - -
1998 30% 61.2% - -
1997 28.3% 64.6% - -
1996 26% 72.4% - -
1995 25.8% 81.7% - -
1994 26.8% 87.6% - -
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/sierra-leone | CC BY

In 2024, Bolivia's government spending was $21.9B, accounting for 39.8% of its GDP, while Sierra Leone spent $1.09B, or 15.6% of GDP.

Debt-to-GDP ratio is 98% in Bolivia and 41.7% in Sierra Leone, ranking 26/185 and 128/185, respectively.

Government deficit by year

Deficit/surplus
Bolivia

Sierra Leone
1x
Year Deficit/surplus, % of GDP
Bolivia Sierra Leone
2024 -10.6% -4.53%
2023 -10.9% -4.99%
2022 -7.12% -5.93%
2021 -9.33% -4.35%
2020 -12.7% -3.5%
2019 -7.25% -1.95%
2018 -8.17% -3.57%
2017 -7.86% -5.61%
2016 -7.24% -5.41%
2015 -6.93% -2.86%
2014 -3.41% -2.77%
2013 0.6% -1.74%
2012 1.72% -3.41%
2011 0.83% -2.78%
2010 1.62% -3.09%
2009 2.63% -1.51%
2008 3.53% -2.22%
2007 -1.54% 12.6%
2006 4.47% -0.93%
2005 -2.24% -1.17%
2004 -5.54% -1.46%
2003 -7.88% -2.78%
2002 -8.79% -3.03%
2001 -6.82% -3.22%
2000 -3.73% -1.94%
1999 -3.84% -
1998 -5.1% -
1997 -3.28% -
1996 -1.9% -
1995 -1.82% -
1994 -3% -
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/sierra-leone | 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 Sierra Leone's deficit of $316M, or 4.53% of GDP.

Over the past 25 years, Bolivia recorded a fiscal deficit in 18 of those years, while Sierra Leone ran a deficit in 24 years. On average, Bolivia posted an annual deficit equal to 4.51% of GDP, compared to deficit of 2.49% of GDP for Sierra Leone.

Inflation comparison by year

Inflation
Bolivia

Sierra Leone
1x
Year Consumer prices inflation
Bolivia Sierra Leone
2024 5.1% 28.4%
2023 2.58% 47.7%
2022 1.75% 27.2%
2021 0.74% 11.9%
2020 0.94% 13.4%
2019 1.84% 14.8%
2018 2.27% 16%
2017 2.82% 18.2%
2016 3.62% 10.9%
2015 4.06% 6.7%
2014 5.77% 4.6%
2013 5.74% 5.5%
2012 4.52% 6.6%
2011 9.88% 6.8%
2010 2.5% 7.2%
2009 3.35% 7.5%
2008 14% 8.2%
2007 8.71% 17%
2006 4.28% 10.5%
2005 5.39% 13.7%
2004 4.44% 12.9%
2003 3.34% 4%
2002 0.93% 0.1%
2001 1.59% 2.6%
2000 4.61% -0.9%
1999 2.16% 34.1%
1998 7.67% 36%
1997 4.71% 14.6%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/bolivia/sierra-leone | CC BY

Over the past 28 years, Bolivia has recorded an average annual inflation rate of 4.26%, compared with 13.8% in Sierra Leone. In 2024, inflation was 5.1% in Bolivia and 28.4% in Sierra Leone.

Balance of trade

Bolivia Sierra Leone
Current account balance
-$1.41B
2024
-$606M
2023
Current account balance ranking
132/190
2024
109/190
2023
Current account balance, % of GDP
-2.56%
2024
-9.45%
2023
Goods imports
$9.15B
2024
$1.92B
2023
Goods exports
$8.93B
2024
$1.34B
2023
Service imports
$2.35B
2024
$348M
2023
Service exports
$1.14B
2024
$42.5M
2023
Imports of goods and services, % of GDP
25.5%
2024
23.3%
2024
Exports of goods and services, % of GDP
21.4%
2024
17.3%
2024

Economic freedom indices

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

Bolivia Sierra Leone
Economic freedom 42.4 49.6
Economic freedom ranking 184/197 165/197
Property rights 20.2 32.9
Government integrity 27.1 35.8
Judicial effectiveness 29.5 42
Tax burden 86.4 88.2
Government spending 56.3 92.4
Fiscal health 0.8 54.1
Business freedom 53.6 44.8
Labor freedom 52.2 38.2
Monetary freedom 67.1 53.6
Trade freedom 60.6 63.6
Investment freedom 15 30
Financial freedom 40 20

Economic freedom comparison by year

Bolivia
Sierra Leone
1x
Year Economic freedom index
Bolivia Sierra Leone
2026 42.4 49.6
2025 44.1 48
2024 43.5 44.6
2023 43.4 50.2
2022 43 52
2021 42.7 51.7
2020 42.8 48
2019 42.3 47.5
2018 44.1 51.8
2017 47.7 52.6
2016 47.4 52.3
2015 46.8 51.7
2014 48.4 50.5
2013 47.9 48.3
2012 50.2 49.1
2011 50 49.6
2010 49.4 47.9
2009 53.6 47.8
2008 53.1 48.3
2007 54.2 47
2006 57.8 45.2
2005 58.4 44.8
2004 64.5 43.6
2003 64.3 42.2
2002 65.1 -
2001 68 -
2000 65 44.2
1999 65.6 47.2
1998 68.8 47.7
1997 65.1 45
1996 65.2 52.3
1995 56.8 49.8

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

GeoRank.org/economy/bolivia/sierra-leone | CC BY

The Economic Freedom Index for Bolivia is 42.4, ranking 184/197, compared to 49.6 for Sierra Leone, ranking 165/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bolivia Sierra Leone
Services, % of GDP
53.4%
2024
42.6%
2024
Industry, % of GDP
31.3%
2024
25.6%
2024
Agriculture, forestry, and fishing, % of GDP
8.83%
2024
29.2%
2024
GNI, Atlas method
$51.7B
2024
$7.08B
2024
GNI per capita, PPP
$12,620
2024
$3,490
2024
Total reserves including gold
$1.98B
2024
$433M
2024
Total reserves ranking
127/177
2024
160/177
2024
Net foreign direct investment
-$113M
2024
-$241M
2023
Net inflows of foreign direct investment
$387M
2024
$122M
2024
Net outflows of foreign direct investment
$133M
2024
$0
2024
Servicing debt to the IMF, % of GNI
3.41%
2024
2.22%
2024
Poverty at national poverty lines
36.5%
2023
56.8%
2018
Gross capital formation, % of GDP
17.9%
2024
20.5%
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/sierra-leone | 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. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. 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.