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Economy of Bolivia vs Singapore compared: GDP & Debt

Updated on by Georank

Bolivia has a GDP of $64.8B compared to $604B for Singapore, ranking 88/197 and 28/197 by economy size, respectively.

Bolivia has $54.9B in government debt (84.8% of GDP), compared to $1.03T (171.3% of GDP) in Singapore.

Bolivia vs Singapore GDP by year

Bolivia
Singapore
1x
Year GDP, current $
Bolivia Singapore
2025 $64,768,947,525 $603,869,516,999
2024 $54,881,327,453 $572,877,260,178
2023 $52,340,206,946 $511,181,761,244
2022 $50,959,081,954 $514,252,535,239
2021 $47,877,892,402 $441,110,903,525
2020 $42,313,784,081 $351,226,533,656
2019 $49,056,643,589 $376,827,390,962
2018 $48,414,038,842 $377,976,367,877
2017 $45,927,439,595 $344,795,119,214
2016 $33,941,126,194 $320,759,207,439
2015 $33,000,198,249 $307,998,545,269
2014 $32,996,188,017 $314,863,580,758
2013 $30,659,338,886 $307,576,360,585
2012 $27,084,497,482 $295,092,888,077
2011 $23,963,164,697 $279,356,499,090
2010 $19,649,723,722 $239,807,980,591
2009 $17,339,992,194 $194,150,283,772
2008 $16,674,276,286 $193,617,323,539
2007 $13,120,108,008 $180,941,701,358
2006 $11,451,844,902 $148,627,286,361
2005 $9,549,122,905 $127,807,848,728
2004 $8,773,451,752 $115,033,593,101
2003 $8,082,399,640 $97,646,401,096
2002 $7,905,485,146 $92,538,372,870
2001 $8,141,516,928 $89,793,790,670
2000 $8,397,855,485 $96,076,539,926
1999 $8,285,064,435 $86,286,849,755
1998 $8,497,494,652 $85,728,207,782
1997 $7,925,736,821 $100,123,787,215
1996 $7,396,949,126 $96,293,086,513
1995 $6,715,161,732 $87,812,540,788
1994 $5,981,222,859 $73,688,724,431
1993 $5,734,699,489 $60,603,815,716
1992 $5,643,868,749 $52,131,320,033
1991 $5,343,262,457 $45,466,164,978
1990 $4,867,582,598 $36,144,336,769
1989 $4,715,973,437 $30,465,364,739
1988 $4,597,612,362 $25,371,462,488
1987 $4,347,956,338 $20,919,215,578
1986 $3,959,382,833 $18,586,746,057
1985 $5,377,276,555 $19,156,532,746
1984 $6,169,483,225 $19,749,361,098
1983 $5,422,656,823 $17,784,112,150
1982 $5,594,126,369 $16,084,252,378
1981 $5,891,598,695 $14,175,228,844
1980 $4,537,479,608 $11,896,256,783
1979 $4,421,336,383 $9,296,921,724
1978 $3,758,220,890 $7,517,176,355
1977 $3,227,436,282 $6,618,585,074
1976 $2,731,984,008 $6,327,077,974
1975 $2,404,697,651 $5,633,673,930
1974 $2,100,249,875 $5,221,534,956
1973 $1,262,968,516 $3,696,213,333
1972 $1,257,615,645 $2,721,440,981
1971 $1,095,622,896 $2,263,785,444
1970 $1,017,003,367 $1,920,574,150
1969 $929,629,630 $1,659,893,768
1968 $857,912,458 $1,425,706,091
1967 $755,808,081 $1,238,035,816
1966 $669,191,919 $1,096,425,608
1965 $604,377,104 $974,644,096
1964 $544,023,569 $894,153,311
1963 $482,828,283 $917,608,012
1962 $448,400,673 $826,239,212
1961 $410,101,010 $764,629,788
1960 $377,020,202 $704,751,700

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

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

GDP per capita in Bolivia vs Singapore by year

Bolivia
GDP per capita

GDP per capita, PPP
Singapore
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bolivia Singapore
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $5,148 - $98,814 -
2024 $4,421 $12,878 $94,897 $150,689
2023 $4,275 $12,892 $86,383 $143,786
2022 $4,219 $12,307 $91,228 $143,095
2021 $4,011 $11,202 $80,885 $132,617
2020 $3,581 $9,581 $61,773 $101,518
2019 $4,203 $11,005 $66,069 $105,335
2018 $4,207 $10,758 $67,033 $103,963
2017 $4,048 $10,420 $61,436 $95,744
2016 $3,036 $9,242 $57,204 $89,902
2015 $2,996 $8,757 $55,646 $87,156
2014 $3,041 $8,629 $57,565 $84,555
2013 $2,870 $8,069 $56,967 $83,088
2012 $2,576 $7,184 $55,548 $82,108
2011 $2,316 $6,598 $53,891 $80,052
2010 $1,930 $6,245 $47,237 $75,401
2009 $1,731 $6,024 $38,927 $66,213
2008 $1,693 $5,890 $40,009 $67,735
2007 $1,355 $5,537 $39,433 $68,805
2006 $1,203 $5,244 $33,768 $64,061
2005 $1,020 $4,938 $29,961 $58,822
2004 $953 $4,663 $27,608 $54,384
2003 $893 $4,433 $23,730 $48,778
2002 $888 $4,304 $22,160 $45,083
2001 $930 $4,205 $21,700 $43,109
2000 $976 $4,113 $23,853 $43,781
1999 $979 $3,991 $21,797 $39,949
1998 $1,022 $3,988 $21,829 $37,560
1997 $970 $3,822 $26,376 $39,286
1996 $922 $3,645 $26,233 $36,873
1995 $853 $3,494 $24,915 $35,090
1994 $774 $3,331 $21,552 $33,058
1993 $757 $3,177 $18,290 $30,062
1992 $760 $3,036 $16,136 $27,022
1991 $734 $2,981 $14,502 $25,530
1990 $683 $2,797 $11,862 $23,815
1989 $675 - $10,395 -
1988 $673 - $8,914 -
1987 $650 - $7,539 -
1986 $604 - $6,800 -
1985 $838 - $7,002 -
1984 $982 - $7,228 -
1983 $882 - $6,633 -
1982 $930 - $6,078 -
1981 $1,001 - $5,597 -
1980 $788 - $4,928 -
1979 $785 - $3,901 -
1978 $683 - $3,194 -
1977 $600 - $2,846 -
1976 $520 - $2,759 -
1975 $468 - $2,490 -
1974 $418 - $2,342 -
1973 $257.2 - $1,685 -
1972 $261.9 - $1,264 -
1971 $233.4 - $1,071 -
1970 $221.6 - $926 -
1969 $207.1 - $813 -
1968 $195.5 - $709 -
1967 $176.1 - $626 -
1966 $159.3 - $567 -
1965 $147.1 - $517 -
1964 $135.2 - $486 -
1963 $122.6 - $511 -
1962 $116.2 - $472 -
1961 $108.5 - $449 -
1960 $101.8 - $428 -

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

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

Bolivia's GDP per capita is $5,148, ranking 121/197, compared to $98,814 in Singapore, ranking 7/197. Adjusted for purchasing power (GDP per capita PPP), Bolivia ranks 122nd at $12,878, while Singapore ranks 2nd at $150,689.

Economic indicators

Bolivia Singapore
Gross domestic product
$64.8B
2025
$604B
2025
GDP rank
88/197
2025
28/197
2025
GDP growth
-1.58%
2024-2025
5.03%
2024-2025
GDP per capita
$5,148
2025
$98,814
2025
GDP per capita rank
121/197
2025
7/197
2025
GDP per capita, PPP
$12,878
2024
$150,689
2024
GDP per capita PPP rank
122/197
2024
2/197
2024
Government debt
$54.9B
2025
$1.03T
2025
Debt-to-GDP ratio
84.8%
2025
171.3%
2025
Government debt per person
$4,364
2025
$169,228
2025
Government debt per person rank
93/185
2025
1/185
2025
Average annual personal income after taxes
$4,410
2026
$51,296
2026
Market capitalization of domestic companies n/a
$824B
2025
Number of millionaires n/a
244,000
2026
Number of billionaires n/a
55
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
15.5%
2025
Consumer prices inflation
19.5%
2024-2025
0.9%
2024-2025
Central bank interest rate
3.26%
2025
n/a
Unemployment rate
2.73%
2024
3.26%
2025
Population
12837312
6167445

Spending and national debt comparison by year

Bolivia
Spending

Debt
Singapore
Spending

Debt
1x
Year % of GDP
Bolivia Singapore
Government spending Government debt Government spending Government debt
2025 32.2% 84.8% 15.5% 171.3%
2024 33.5% 83.2% 14.3% 166%
2023 33.5% 78.3% 14.6% 170.4%
2022 31.2% 69.2% 14.9% 153.3%
2021 29.4% 68.7% 15.4% 139.9%
2020 31.9% 67.5% 24% 147.1%
2019 30.1% 48.9% 14% 127.7%
2018 31.4% 44.2% 13.9% 109.2%
2017 31.6% 41.9% 13.6% 107.3%
2016 32.9% 38.2% 15.2% 105.9%
2015 37% 34% 14.4% 102.1%
2014 34.9% 31.8% 12.6% 97.7%
2013 30.4% 31% 10.9% 98.2%
2012 31.3% 30.7% 9.83% 106.7%
2011 30.6% 30.5% 9.66% 103.1%
2010 27.5% 32.8% 10.2% 98.7%
2009 28.9% 34.1% 15.9% 101.7%
2008 31.1% 32.4% 14% 97.9%
2007 28.9% 35.5% 9.01% 87.8%
2006 26.6% 48.6% 12.3% 86.5%
2005 29.5% 73.2% 12.4% 92.7%
2004 29% 80.6% 14.1% 95.7%
2003 28.6% 85.5% 15.6% 99.1%
2002 29.6% 77.2% 15.9% 96.3%
2001 28.6% 74.4% 18.2% 94.5%
2000 26.2% 66.5% 16.1% 82.3%
1999 26.3% 61.7% 15.9% 85.3%
1998 26.8% 61.2% 18.1% 84.6%
1997 25.3% 64.6% 14.5% 70.8%
1996 23.3% 72.4% 18.1% 71.3%
1995 23.1% 81.7% 13.8% 69.8%
1994 23.9% 87.6% 11.7% 70.7%
1993 24.3% 83.8% 14.5% 71.2%
1992 22.6% 92.4% 14.5% 79%
1991 21.6% 92.8% 15.9% 76.4%
1990 20.4% 102.9% 15.1% 73.5%
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/singapore | CC BY

In 2025, Bolivia's government spending was $20.8B, accounting for 32.2% of its GDP, while Singapore spent $93.3B, or 15.5% of GDP.

Debt-to-GDP ratio is 84.8% in Bolivia and 171.3% in Singapore, ranking 36/185 and 5/185, respectively.

Government deficit by year

Deficit/surplus
Bolivia

Singapore
1x
Year Deficit/surplus, % of GDP
Bolivia Singapore
2025 -11.6% 4.16%
2024 -8.7% 3.79%
2023 -9.46% 3.42%
2022 -6.15% 1.2%
2021 -7.87% 1.11%
2020 -11% -6.68%
2019 -6.04% 3.76%
2018 -6.8% 3.67%
2017 -6.42% 5.23%
2016 -5.95% 3.24%
2015 -5.76% 2.86%
2014 -2.88% 4.6%
2013 0.51% 5.96%
2012 1.49% 7.34%
2011 0.72% 7.96%
2010 1.42% 5.68%
2009 2.29% -0.09%
2008 3.1% 3.59%
2007 -1.37% 7.12%
2006 3.99% 2.16%
2005 -2% 2.56%
2004 -4.97% 2.06%
2003 -7.04% 0.68%
2002 -7.82% 2.23%
2001 -6.11% 1.2%
2000 -3.34% 4.59%
1999 -3.43% 5.2%
1998 -4.56% 2.41%
1997 -2.94% 5.66%
1996 -1.7% 1.98%
1995 -1.63% 4.8%
1994 -2.68% 7.9%
1993 -5.46% 4.36%
1992 -3.94% 2.7%
1991 -3.76% 0.68%
1990 -3.94% 1.97%
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/singapore | 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 Singapore's surplus of $25.1B, or 4.16% of GDP.

Over the past 36 years, Bolivia recorded a fiscal deficit in 29 of those years, while Singapore ran a deficit in 2 years. On average, Bolivia posted an annual deficit equal to 3.94% of GDP, compared to surplus of 3.36% of GDP for Singapore.

Inflation comparison by year

Inflation
Bolivia

Singapore
1x
Year Consumer prices inflation
Bolivia Singapore
2025 19.5% 0.9%
2024 5.1% 2.39%
2023 2.58% 4.83%
2022 1.75% 6.13%
2021 0.74% 2.32%
2020 0.94% -0.17%
2019 1.84% 0.57%
2018 2.27% 0.44%
2017 2.82% 0.58%
2016 3.62% -0.53%
2015 4.06% -0.52%
2014 5.77% 1.03%
2013 5.74% 2.36%
2012 4.52% 4.58%
2011 9.88% 5.25%
2010 2.5% 2.83%
2009 3.35% 0.59%
2008 14% 6.64%
2007 8.71% 2.11%
2006 4.28% 0.97%
2005 5.39% 0.43%
2004 4.44% 1.66%
2003 3.34% 0.51%
2002 0.93% -0.39%
2001 1.59% 1%
2000 4.61% 1.36%
1999 2.16% 0.02%
1998 7.67% -0.27%
1997 4.71% 2%

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

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

Over the past 29 years, Bolivia has recorded an average annual inflation rate of 4.79%, compared with 1.71% in Singapore. In 2025, inflation was 19.5% in Bolivia and 0.9% in Singapore.

Top exports between countries

Bolivia
Export category Export value
Raw materials & minerals $573K
Raw agricultural goods $109K
Animal & marine products $41K
Metals $8K
Machinery & equipment $7K
Processed food, beverages & tobacco $2K
Textiles & consumer goods $1K
Singapore
Export category Export value
Machinery & equipment $2.2M
Raw materials & minerals $1.18M
Chemicals & pharma $472K
Raw agricultural goods $95K
Textiles & consumer goods $27K
Metals $18K
Miscellaneous $11K
Precious metals & jewellery $8K
Wood & paper products $4K

Balance of trade

Bolivia Singapore
Current account balance
-$1.22B
2025
$101B
2025
Current account balance ranking
124/190
2025
8/190
2025
Current account balance, % of GDP
-1.88%
2025
+16.7%
2025
Goods imports
$9.23B
2025
$475B
2025
Goods exports
$9.56B
2025
$652B
2025
Service imports
$2.25B
2025
$385B
2025
Service exports
$1.21B
2025
$422B
2025
Imports of goods and services, % of GDP
25.5%
2024
142.5%
2025
Exports of goods and services, % of GDP
21.4%
2024
177.9%
2025

Economic freedom indices

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

Bolivia Singapore
Economic freedom 42.4 84.4
Economic freedom ranking 184/197 1/197
Property rights 20.2 89.2
Government integrity 27.1 86.1
Judicial effectiveness 29.5 58.3
Tax burden 86.4 89.5
Government spending 56.3 93.4
Fiscal health 0.8 80
Business freedom 53.6 90.6
Labor freedom 52.2 77
Monetary freedom 67.1 83.5
Trade freedom 60.6 95
Investment freedom 15 90
Financial freedom 40 80

Economic freedom comparison by year

Bolivia
Singapore
1x
Year Economic freedom index
Bolivia Singapore
2026 42.4 84.4
2025 44.1 84.1
2024 43.5 83.5
2023 43.4 83.9
2022 43 84.4
2021 42.7 89.7
2020 42.8 89.4
2019 42.3 89.4
2018 44.1 88.8
2017 47.7 88.6
2016 47.4 87.8
2015 46.8 89.4
2014 48.4 89.4
2013 47.9 88
2012 50.2 87.5
2011 50 87.2
2010 49.4 86.1
2009 53.6 87.1
2008 53.1 87.3
2007 54.2 87.1
2006 57.8 88
2005 58.4 88.6
2004 64.5 88.9
2003 64.3 88.2
2002 65.1 87.4
2001 68 87.8
2000 65 87.7
1999 65.6 86.9
1998 68.8 87
1997 65.1 87.3
1996 65.2 86.5
1995 56.8 86.3

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

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

The Economic Freedom Index for Bolivia is 42.4, ranking 184/197, compared to 84.4 for Singapore, ranking 1/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bolivia Singapore
Services, % of GDP
53.4%
2024
71.6%
2025
Industry, % of GDP
31.3%
2024
22.7%
2025
Agriculture, forestry, and fishing, % of GDP
8.83%
2024
0.02%
2025
GNI, Atlas method
$55.6B
2025
$500B
2025
GNI per capita, PPP
$12,530
2025
$135,750
2025
Total reserves including gold
$580M
2025
$432B
2025
Total reserves ranking
155/177
2025
11/177
2025
Net foreign direct investment
-$464M
2025
-$64.9B
2025
Net inflows of foreign direct investment
$358M
2024
$135B
2024
Net outflows of foreign direct investment
$133M
2024
$63.6B
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
22.5%
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/singapore | 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 (2020–2025, 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.