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Economy of Bolivia vs Slovakia compared: GDP & Debt

Updated on by Georank team

Bolivia has a GDP of $54.9B compared to $141B for Slovakia, ranking 88/197 and 61/197 by economy size, respectively.

Bolivia has $53.8B in government debt (98% of GDP), compared to $80.7B (57.2% of GDP) in Slovakia.

Bolivia vs Slovakia GDP by year

Bolivia
Slovakia
1x
Year GDP, current $
Bolivia Slovakia
2024 $54,881,327,453 $140,934,076,532
2023 $52,340,206,946 $133,578,518,424
2022 $50,959,081,954 $115,792,972,358
2021 $47,877,892,402 $120,511,265,913
2020 $42,313,784,081 $107,732,602,896
2019 $49,056,643,589 $105,843,498,304
2018 $48,414,038,842 $106,611,673,365
2017 $45,927,439,595 $95,978,130,735
2016 $33,941,126,194 $90,347,173,229
2015 $33,000,198,249 $89,178,548,717
2014 $32,996,188,017 $101,713,075,599
2013 $30,659,338,886 $99,134,277,850
2012 $27,084,497,482 $94,724,394,278
2011 $23,963,164,697 $99,705,104,723
2010 $19,649,723,722 $91,112,160,801
2009 $17,339,992,194 $89,342,984,698
2008 $16,674,276,286 $100,830,060,553
2007 $13,120,108,008 $86,587,749,518
2006 $11,451,844,902 $70,751,813,443
2005 $9,549,122,905 $62,547,753,148
2004 $8,773,451,752 $57,215,475,076
2003 $8,082,399,640 $46,616,149,117
2002 $7,905,485,146 $35,243,658,399
2001 $8,141,516,928 $30,726,659,551
2000 $8,397,855,485 $29,215,726,005
1999 $8,285,064,435 $30,496,272,225
1998 $8,497,494,652 $29,976,207,629
1997 $7,925,736,821 $27,844,628,979
1996 $7,396,949,126 $28,197,790,875
1995 $6,715,161,732 $26,180,022,222
1994 $5,981,222,859 $20,428,139,756
1993 $5,734,699,489 $16,737,973,764
1992 $5,643,868,749 $15,699,327,209
1991 $5,343,262,457 $14,459,924,589
1990 $4,867,582,598 $12,915,046,978
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 (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Bolivia vs Slovakia by year

Bolivia
GDP per capita

GDP per capita, PPP
Slovakia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bolivia Slovakia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $4,421 $12,878 $25,993 $48,132
2023 $4,275 $12,892 $24,615 $45,974
2022 $4,219 $12,307 $21,318 $41,562
2021 $4,011 $11,202 $22,123 $38,346
2020 $3,581 $9,581 $19,735 $35,328
2019 $4,203 $11,005 $19,406 $33,986
2018 $4,207 $10,758 $19,573 $31,510
2017 $4,048 $10,420 $17,646 $30,246
2016 $3,036 $9,242 $16,636 $29,868
2015 $2,996 $8,757 $16,442 $30,148
2014 $3,041 $8,629 $18,771 $29,108
2013 $2,870 $8,069 $18,313 $28,075
2012 $2,576 $7,184 $17,517 $27,023
2011 $2,316 $6,598 $18,469 $26,202
2010 $1,930 $6,245 $16,899 $25,382
2009 $1,731 $6,024 $16,587 $23,077
2008 $1,693 $5,890 $18,744 $23,714
2007 $1,355 $5,537 $16,110 $21,232
2006 $1,203 $5,244 $13,168 $18,906
2005 $1,020 $4,938 $11,642 $16,570
2004 $953 $4,663 $10,650 $15,166
2003 $893 $4,433 $8,675 $14,088
2002 $888 $4,304 $6,555 $13,292
2001 $930 $4,205 $5,712 $12,367
2000 $976 $4,113 $5,422 $11,370
1999 $979 $3,991 $5,652 $10,726
1998 $1,022 $3,988 $5,561 $10,666
1997 $970 $3,822 $5,172 $10,137
1996 $922 $3,645 $5,248 $9,500
1995 $853 $3,494 $4,883 $8,812
1994 $774 $3,331 $3,821 $8,178
1993 $757 $3,177 $3,143 $7,569
1992 $760 $3,036 $2,959 $7,270
1991 $734 $2,981 $2,727 $7,623
1990 $683 $2,797 $2,437 $8,638
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 (1960–2024, retrieved 2026-04-06).

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

Bolivia's GDP per capita is $4,421, ranking 125/197, compared to $25,993 in Slovakia, ranking 47/197. Adjusted for purchasing power (GDP per capita PPP), Bolivia ranks 122nd at $12,878, while Slovakia ranks 49th at $48,132.

Economic indicators

Bolivia Slovakia
Gross domestic product
$54.9B
2024
$141B
2024
GDP rank
88/197
2024
61/197
2024
GDP growth
-1.12%
2023-2024
1.94%
2023-2024
GDP per capita
$4,421
2024
$25,993
2024
GDP per capita rank
125/197
2024
47/197
2024
GDP per capita, PPP
$12,878
2024
$48,132
2024
GDP per capita PPP rank
122/197
2024
49/197
2024
Government debt
$53.8B
2024
$80.7B
2024
Debt-to-GDP ratio
98%
2024
57.2%
2024
Government debt per person
$4,331
2024
$14,876
2024
Government debt per person rank
88/185
2024
40/185
2024
Average annual personal income after taxes
$4,720
2026
$17,983
2026
Market capitalization of domestic companies n/a
$5.38B
2014
Number of billionaires n/a
2
2025
Income share by richest 10%
31.3%
2023
18.8%
2023
Income share by poorest 10%
1.8%
2023
3.3%
2023
Government expenditure, % of GDP
39.8%
2024
47.1%
2024
Consumer prices inflation
5.1%
2023-2024
2.76%
2023-2024
Central bank interest rate
3.26%
2025
n/a
Unemployment rate
2.73%
2024
5.34%
2024
Population
12798112
5359438

Spending and national debt comparison by year

Bolivia
Spending

Debt
Slovakia
Spending

Debt
1x
Year % of GDP
Bolivia Slovakia
Government spending Government debt Government spending Government debt
2024 39.8% 98% 47.1% 57.2%
2023 38.7% 90.8% 48% 55.6%
2022 36% 80.1% 43% 57.7%
2021 34.8% 81.4% 44.9% 60.2%
2020 36.8% 78% 44.5% 58.4%
2019 36.1% 58.6% 40.6% 48%
2018 37.7% 53.1% 39.7% 49.3%
2017 38.6% 51.3% 39.8% 51.4%
2016 40% 46.5% 40.9% 52.1%
2015 44.5% 40.9% 44.1% 51.6%
2014 41.2% 37.6% 42% 53.4%
2013 35.4% 36.1% 41.1% 54.6%
2012 36% 35.4% 40% 51.7%
2011 35.4% 35.3% 40.8% 43.3%
2010 31.5% 37.6% 41% 40.7%
2009 33.2% 39.2% 43.2% 36.4%
2008 35.3% 36.8% 36.5% 28.6%
2007 32.7% 40% 35.9% 30.4%
2006 29.8% 54.4% 38.2% 31.5%
2005 33.2% 82.2% 39.1% 35%
2004 32.3% 89.8% 38.4% 42%
2003 32% 95.6% 40% 43.6%
2002 33.3% 86.7% 46% 45.6%
2001 32% 83% 46.2% 51.4%
2000 29.3% 74.3% 53.2% 50.6%
1999 29.4% 61.7% 48.4% 47.1%
1998 30% 61.2% 46.2% 33.9%
1997 28.3% 64.6% 48.6% 32.8%
1996 26% 72.4% 52.8% 30.3%
1995 25.8% 81.7% 47.8% 21.3%
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/slovakia | CC BY

In 2024, Bolivia's government spending was $21.9B, accounting for 39.8% of its GDP, while Slovakia spent $66.4B, or 47.1% of GDP.

Debt-to-GDP ratio is 98% in Bolivia and 57.2% in Slovakia, ranking 26/185 and 90/185, respectively.

Government deficit by year

Deficit/surplus
Bolivia

Slovakia
1x
Year Deficit/surplus, % of GDP
Bolivia Slovakia
2024 -10.6% -5.27%
2023 -10.9% -5.15%
2022 -7.12% -1.16%
2021 -9.33% -5.09%
2020 -12.7% -5.3%
2019 -7.25% -1.21%
2018 -8.17% -1.01%
2017 -7.86% -0.98%
2016 -7.24% -2.59%
2015 -6.93% -2.78%
2014 -3.41% -3.25%
2013 0.6% -2.86%
2012 1.72% -4.37%
2011 0.83% -4.36%
2010 1.62% -7.44%
2009 2.63% -8.18%
2008 3.53% -2.54%
2007 -1.54% -2.26%
2006 4.47% -3.57%
2005 -2.24% -2.86%
2004 -5.54% -2.36%
2003 -7.88% -2.28%
2002 -8.79% -8.35%
2001 -6.82% -7.74%
2000 -3.73% -12.7%
1999 -3.84% -7.25%
1998 -5.1% -5.37%
1997 -3.28% -6.24%
1996 -1.9% -9.72%
1995 -1.82% -3.43%
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/slovakia | 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 Slovakia's deficit of $7.43B, or 5.27% of GDP.

Over the past 30 years, Bolivia recorded a fiscal deficit in 23 of those years, while Slovakia ran a deficit in 30 years. On average, Bolivia posted an annual deficit equal to 4.29% of GDP, compared to deficit of 4.59% of GDP for Slovakia.

Inflation comparison by year

Inflation
Bolivia

Slovakia
1x
Year Consumer prices inflation
Bolivia Slovakia
2024 5.1% 2.76%
2023 2.58% 10.5%
2022 1.75% 12.8%
2021 0.74% 3.15%
2020 0.94% 1.94%
2019 1.84% 2.66%
2018 2.27% 2.51%
2017 2.82% 1.31%
2016 3.62% -0.52%
2015 4.06% -0.33%
2014 5.77% -0.08%
2013 5.74% 1.4%
2012 4.52% 3.61%
2011 9.88% 3.92%
2010 2.5% 0.96%
2009 3.35% 1.62%
2008 14% 4.6%
2007 8.71% 2.76%
2006 4.28% 4.48%
2005 5.39% 2.71%
2004 4.44% 7.55%
2003 3.34% 8.55%
2002 0.93% 3.13%
2001 1.59% 7.33%
2000 4.61% 12%
1999 2.16% 10.6%
1998 7.67% 6.67%
1997 4.71% 6.14%

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

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

Over the past 28 years, Bolivia has recorded an average annual inflation rate of 4.26%, compared with 4.45% in Slovakia. In 2024, inflation was 5.1% in Bolivia and 2.76% in Slovakia.

Top exports between countries

Bolivia
Export category Export value
Raw materials & minerals $3K
Slovakia
Export category Export value
Raw agricultural goods $225K
Machinery & equipment $189K
Textiles & consumer goods $173K
Wood & paper products $31K
Raw materials & minerals $22K
Chemicals & pharma $3K
Animal & marine products $1K
Metals $1K

Balance of trade

Bolivia Slovakia
Current account balance
-$1.41B
2024
-$6.5B
2024
Current account balance ranking
132/190
2024
171/190
2024
Current account balance, % of GDP
-2.56%
2024
-4.61%
2024
Goods imports
$9.15B
2024
$107B
2024
Goods exports
$8.93B
2024
$106B
2024
Service imports
$2.35B
2024
$13.2B
2024
Service exports
$1.14B
2024
$13.9B
2024
Imports of goods and services, % of GDP
25.5%
2024
85.7%
2024
Exports of goods and services, % of GDP
21.4%
2024
85.5%
2024

Economic freedom indices

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

Bolivia Slovakia
Economic freedom 42.4 67.7
Economic freedom ranking 184/197 54/197
Property rights 20.2 82.6
Government integrity 27.1 57.2
Judicial effectiveness 29.5 70.5
Tax burden 86.4 75.4
Government spending 56.3 36.4
Fiscal health 0.8 69.6
Business freedom 53.6 71.1
Labor freedom 52.2 55.1
Monetary freedom 67.1 69.7
Trade freedom 60.6 79.4
Investment freedom 15 75
Financial freedom 40 70

Economic freedom comparison by year

Bolivia
Slovakia
1x
Year Economic freedom index
Bolivia Slovakia
2026 42.4 67.7
2025 44.1 68.4
2024 43.5 68.1
2023 43.4 69
2022 43 69.7
2021 42.7 66.3
2020 42.8 66.8
2019 42.3 65
2018 44.1 65.3
2017 47.7 65.7
2016 47.4 66.6
2015 46.8 67.2
2014 48.4 66.4
2013 47.9 68.7
2012 50.2 67
2011 50 69.5
2010 49.4 69.7
2009 53.6 69.4
2008 53.1 70
2007 54.2 69.6
2006 57.8 69.8
2005 58.4 66.8
2004 64.5 64.6
2003 64.3 59
2002 65.1 59.8
2001 68 58.5
2000 65 53.8
1999 65.6 54.2
1998 68.8 57.5
1997 65.1 55.5
1996 65.2 57.6
1995 56.8 60.4

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

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

The Economic Freedom Index for Bolivia is 42.4, ranking 184/197, compared to 67.7 for Slovakia, ranking 54/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bolivia Slovakia
Services, % of GDP
53.4%
2024
60%
2024
Industry, % of GDP
31.3%
2024
28.9%
2024
Agriculture, forestry, and fishing, % of GDP
8.83%
2024
1.58%
2024
GNI, Atlas method
$51.7B
2024
$128B
2024
GNI per capita, PPP
$12,620
2024
$47,040
2024
Total reserves including gold
$1.98B
2024
$14.5B
2024
Total reserves ranking
127/177
2024
68/177
2024
Net foreign direct investment
-$113M
2024
-$2.77B
2024
Net inflows of foreign direct investment
$387M
2024
$5.01B
2024
Net outflows of foreign direct investment
$133M
2024
$2.24B
2024
Servicing debt to the IMF, % of GNI
3.41%
2024
n/a
Poverty at national poverty lines
36.5%
2023
13.7%
2021
Gross capital formation, % of GDP
17.9%
2024
20.1%
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/slovakia | 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 (2022–2024, 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.