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Economy of Bolivia vs Tonga compared: GDP & Debt

Updated on by Georank

Bolivia has a GDP of $64.8B compared to $679M for Tonga, ranking 88/197 and 191/197 by economy size, respectively.

Bolivia has $54.9B in government debt (84.8% of GDP), compared to $186M (27.4% of GDP) in Tonga.

Bolivia vs Tonga GDP by year

Bolivia
Tonga
1x
Year GDP, current $
Bolivia Tonga
2025 $64,768,947,525 $679,218,219
2024 $54,881,327,453 $647,488,244
2023 $52,340,206,946 $591,139,734
2022 $50,959,081,954 $556,514,556
2021 $47,877,892,402 $519,306,339
2020 $42,313,784,081 $506,571,487
2019 $49,056,643,589 $506,031,248
2018 $48,414,038,842 $493,530,767
2017 $45,927,439,595 $459,976,847
2016 $33,941,126,194 $420,828,255
2015 $33,000,198,249 $437,525,539
2014 $32,996,188,017 $440,997,735
2013 $30,659,338,886 $451,788,498
2012 $27,084,497,482 $471,122,971
2011 $23,963,164,697 $414,143,828
2010 $19,649,723,722 $366,887,375
2009 $17,339,992,194 $312,415,028
2008 $16,674,276,286 $344,438,844
2007 $13,120,108,008 $298,519,623
2006 $11,451,844,902 $292,232,703
2005 $9,549,122,905 $261,823,805
2004 $8,773,451,752 $230,678,011
2003 $8,082,399,640 $202,246,591
2002 $7,905,485,146 $182,764,281
2001 $8,141,516,928 $181,117,230
2000 $8,397,855,485 $204,848,488
1999 $8,285,064,435 $199,208,718
1998 $8,497,494,652 $191,504,893
1997 $7,925,736,821 $214,991,452
1996 $7,396,949,126 $222,100,576
1995 $6,715,161,732 $208,871,666
1994 $5,981,222,859 $195,990,986
1993 $5,734,699,489 $138,489,884
1992 $5,643,868,749 $137,066,291
1991 $5,343,262,457 $132,201,141
1990 $4,867,582,598 $113,563,822
1989 $4,715,973,437 $106,344,855
1988 $4,597,612,362 $106,657,267
1987 $4,347,956,338 $81,667,133
1986 $3,959,382,833 $68,195,856
1985 $5,377,276,555 $60,058,663
1984 $6,169,483,225 $64,248,355
1983 $5,422,656,823 $60,863,964
1982 $5,594,126,369 $62,068,161
1981 $5,891,598,695 $62,242,013
1980 $4,537,479,608 $53,260,077
1979 $4,421,336,383 $44,667,002
1978 $3,758,220,890 $41,567,472
1977 $3,227,436,282 $34,139,388
1976 $2,731,984,008 $30,036,417
1975 $2,404,697,651 $32,506,742
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/tonga | CC BY

GDP per capita in Bolivia vs Tonga by year

Bolivia
GDP per capita

GDP per capita, PPP
Tonga
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bolivia Tonga
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $5,148 - $6,547 -
2024 $4,421 $12,878 $6,215 -
2023 $4,275 $12,892 $5,652 $7,803
2022 $4,219 $12,307 $5,298 $7,296
2021 $4,011 $11,202 $4,923 $6,929
2020 $3,581 $9,581 $4,792 $6,676
2019 $4,203 $11,005 $4,789 $6,473
2018 $4,207 $10,758 $4,675 $6,393
2017 $4,048 $10,420 $4,366 $6,229
2016 $3,036 $9,242 $3,988 $5,920
2015 $2,996 $8,757 $4,124 $5,472
2014 $3,041 $8,629 $4,137 $5,336
2013 $2,870 $8,069 $4,219 $5,120
2012 $2,576 $7,184 $4,384 $4,996
2011 $2,316 $6,598 $3,850 $4,855
2010 $1,930 $6,245 $3,416 $4,465
2009 $1,731 $6,024 $2,914 $4,384
2008 $1,693 $5,890 $3,218 $4,600
2007 $1,355 $5,537 $2,797 $4,316
2006 $1,203 $5,244 $2,750 $4,327
2005 $1,020 $4,938 $2,478 $4,315
2004 $953 $4,663 $2,195 $4,235
2003 $893 $4,433 $1,936 $4,231
2002 $888 $4,304 $1,759 $4,171
2001 $930 $4,205 $1,754 $3,955
2000 $976 $4,113 $1,995 $3,834
1999 $979 $3,991 $1,952 $3,636
1998 $1,022 $3,988 $1,889 $3,527
1997 $970 $3,822 $2,136 $3,434
1996 $922 $3,645 $2,215 $3,410
1995 $853 $3,494 $2,084 $3,347
1994 $774 $3,331 $1,957 $3,088
1993 $757 $3,177 $1,383 $2,882
1992 $760 $3,036 $1,370 $2,716
1991 $734 $2,981 $1,323 $2,652
1990 $683 $2,797 $1,139 $2,416
1989 $675 - $1,070 -
1988 $673 - $1,078 -
1987 $650 - $830 -
1986 $604 - $696 -
1985 $838 - $613 -
1984 $982 - $656 -
1983 $882 - $621 -
1982 $930 - $633 -
1981 $1,001 - $636 -
1980 $788 - $545 -
1979 $785 - $458 -
1978 $683 - $428 -
1977 $600 - $353 -
1976 $520 - $315 -
1975 $468 - $349 -
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/tonga | CC BY

Bolivia's GDP per capita is $5,148, ranking 121/197, compared to $6,547 in Tonga, ranking 110/197. Adjusted for purchasing power (GDP per capita PPP), Bolivia ranks 122nd at $12,878, while Tonga ranks 144th at $7,803.

Economic indicators

Bolivia Tonga
Gross domestic product
$64.8B
2025
$679M
2025
GDP rank
88/197
2025
191/197
2025
GDP growth
-1.58%
2024-2025
2.8%
2024-2025
GDP per capita
$5,148
2025
$6,547
2025
GDP per capita rank
121/197
2025
110/197
2025
GDP per capita, PPP
$12,878
2024
$7,803
2023
GDP per capita PPP rank
122/197
2024
144/197
2023
Government debt
$54.9B
2025
$186M
2025
Debt-to-GDP ratio
84.8%
2025
27.4%
2025
Government debt per person
$4,364
2025
$1,793
2025
Government debt per person rank
93/185
2025
123/185
2025
Average annual personal income after taxes
$4,410
2026
$4,104
2026
Income share by richest 10%
30.6%
2024
22%
2021
Income share by poorest 10%
1.9%
2024
4%
2021
Government expenditure, % of GDP
32.2%
2025
46.8%
2025
Consumer prices inflation
19.5%
2024-2025
5.59%
2024-2025
Central bank interest rate
3.26%
2025
n/a
Unemployment rate
2.73%
2024
1.65%
2023
Population
12837312
103283

Spending and national debt comparison by year

Bolivia
Spending

Debt
Tonga
Spending

Debt
1x
Year % of GDP
Bolivia Tonga
Government spending Government debt Government spending Government debt
2025 32.2% 84.8% 46.8% 27.4%
2024 33.5% 83.2% 44.3% 31.9%
2023 33.5% 78.3% 41.5% 37.2%
2022 31.2% 69.2% 41.3% 40.2%
2021 29.4% 68.7% 44.5% 43%
2020 31.9% 67.5% 37.1% 41.7%
2019 30.1% 48.9% 39% 41.8%
2018 31.4% 44.2% 39.3% 45.5%
2017 31.6% 41.9% 39.7% 44.7%
2016 32.9% 38.2% 37.2% 49.4%
2015 37% 34% 37.4% 51.1%
2014 34.9% 31.8% 31.5% 47.4%
2013 30.4% 31% 34.3% 48.9%
2012 31.3% 30.7% 32% 60%
2011 30.6% 30.5% 32.6% 51.9%
2010 27.5% 32.8% 28.4% 44.7%
2009 28.9% 34.1% 23.9% 39.7%
2008 31.1% 32.4% 24% 34%
2007 28.9% 35.5% 23.2% 37.8%
2006 26.6% 48.6% 25.6% 39.6%
2005 29.5% 73.2% 19.8% 43.3%
2004 29% 80.6% 19.3% 52.2%
2003 28.6% 85.5% 20% 56.2%
2002 29.6% 77.2% 21.3% 60.7%
2001 28.6% 74.4% 19.1% 53.4%
2000 26.2% 66.5% 20% 43.6%
1999 26.3% 61.7% 18.8% 38.4%
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/tonga | CC BY

In 2025, Bolivia's government spending was $20.8B, accounting for 32.2% of its GDP, while Tonga spent $318M, or 46.8% of GDP.

Debt-to-GDP ratio is 84.8% in Bolivia and 27.4% in Tonga, ranking 36/185 and 162/185, respectively.

Government deficit by year

Deficit/surplus
Bolivia

Tonga
1x
Year Deficit/surplus, % of GDP
Bolivia Tonga
2025 -11.6% 4.86%
2024 -8.7% 3.6%
2023 -9.46% 5.28%
2022 -6.15% -0.09%
2021 -7.87% -0.87%
2020 -11% 5.15%
2019 -6.04% 3.2%
2018 -6.8% 2.9%
2017 -6.42% 3.58%
2016 -5.95% 1.47%
2015 -5.76% -2.75%
2014 -2.88% 6.38%
2013 0.51% -1.3%
2012 1.49% -1.74%
2011 0.72% -6.02%
2010 1.42% -1.22%
2009 2.29% 6.85%
2008 3.1% 2.14%
2007 -1.37% 5.39%
2006 3.99% 1.34%
2005 -2% 4.23%
2004 -4.97% 4.23%
2003 -7.04% 2.37%
2002 -7.82% 2.59%
2001 -6.11% 2.23%
2000 -3.34% 1.35%
1999 -3.43% 1.55%
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/tonga | 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 Tonga's surplus of $33M, or 4.86% of GDP.

Over the past 27 years, Bolivia recorded a fiscal deficit in 20 of those years, while Tonga ran a deficit in 7 years. On average, Bolivia posted an annual deficit equal to 4.12% of GDP, compared to surplus of 2.1% of GDP for Tonga.

Inflation comparison by year

Inflation
Bolivia

Tonga
1x
Year Consumer prices inflation
Bolivia Tonga
2025 19.5% 5.59%
2024 5.1% 3.18%
2023 2.58% 6.35%
2022 1.75% 11%
2021 0.74% 5.64%
2020 0.94% -0.35%
2019 1.84% 1.18%
2018 2.27% 5.03%
2017 2.82% 7.52%
2016 3.62% 2.58%
2015 4.06% -1.05%
2014 5.77% 2.51%
2013 5.74% 0.78%
2012 4.52% 1.15%
2011 9.88% 6.27%
2010 2.5% 3.53%
2009 3.35% 1.43%
2008 14% 10.4%
2007 8.71% 5.84%
2006 4.28% 6.15%
2005 5.39% 8.67%
2004 4.44% 11%
2003 3.34% 11.6%
2002 0.93% 10.4%
2001 1.59% 8.29%
2000 4.61% 6.33%
1999 2.16% 4.46%
1998 7.67% 3.27%
1997 4.71% 2.12%

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

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

Over the past 29 years, Bolivia has recorded an average annual inflation rate of 4.79%, compared with 5.2% in Tonga. In 2025, inflation was 19.5% in Bolivia and 5.59% in Tonga.

Balance of trade

Bolivia Tonga
Current account balance
-$1.22B
2025
-$43.5M
2024
Current account balance ranking
124/190
2025
76/190
2024
Current account balance, % of GDP
-1.88%
2025
-6.72%
2024
Goods imports
$9.23B
2025
$232M
2024
Goods exports
$9.56B
2025
$10.8M
2024
Service imports
$2.25B
2025
$161M
2024
Service exports
$1.21B
2025
$93.6M
2024
Imports of goods and services, % of GDP
25.5%
2024
60.7%
2024
Exports of goods and services, % of GDP
21.4%
2024
16.9%
2024

Economic freedom indices

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

Bolivia Tonga
Economic freedom 42.4 58.9
Economic freedom ranking 184/197 107/197
Property rights 20.2 71.1
Government integrity 27.1 45.1
Judicial effectiveness 29.5 64.9
Tax burden 86.4 85.6
Government spending 56.3 31
Fiscal health 0.8 97.3
Business freedom 53.6 59.2
Labor freedom 52.2 55.9
Monetary freedom 67.1 61
Trade freedom 60.6 75.4
Investment freedom 15 40
Financial freedom 40 20

Economic freedom comparison by year

Bolivia
Tonga
1x
Year Economic freedom index
Bolivia Tonga
2026 42.4 58.9
2025 44.1 58.5
2024 43.5 59.2
2023 43.4 60
2022 43 60.8
2021 42.7 57.5
2020 42.8 58.8
2019 42.3 57.7
2018 44.1 63.1
2017 47.7 63
2016 47.4 59.6
2015 46.8 59.3
2014 48.4 58.2
2013 47.9 56
2012 50.2 57
2011 50 55.8
2010 49.4 53.4
2009 53.6 54.1
2008 53.1 -
2007 54.2 -
2006 57.8 -
2005 58.4 -
2004 64.5 -
2003 64.3 -
2002 65.1 -
2001 68 -
2000 65 -
1999 65.6 -
1998 68.8 -
1997 65.1 -
1996 65.2 -
1995 56.8 -

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

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

The Economic Freedom Index for Bolivia is 42.4, ranking 184/197, compared to 58.9 for Tonga, ranking 107/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bolivia Tonga
Services, % of GDP
53.4%
2024
49.5%
2024
Industry, % of GDP
31.3%
2024
17.7%
2024
Agriculture, forestry, and fishing, % of GDP
8.83%
2024
18.6%
2024
GNI, Atlas method
$55.6B
2025
$709M
2025
GNI per capita, PPP
$12,530
2025
$9,240
2025
Total reserves including gold
$580M
2025
$413M
2025
Total reserves ranking
155/177
2025
162/177
2025
Net foreign direct investment
-$464M
2025
$13.3M
2024
Net inflows of foreign direct investment
$358M
2024
-$12.1M
2024
Net outflows of foreign direct investment
$133M
2024
$1.25M
2024
Servicing debt to the IMF, % of GNI
3.41%
2024
6.33%
2024
Poverty at national poverty lines
37.7%
2024
20.6%
2021
Gross capital formation, % of GDP
17.9%
2024
26.4%
2024

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/tonga | 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. 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.