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Economy of Bolivia vs Turkmenistan compared: GDP & Debt

Updated on by Georank

Bolivia has a GDP of $64.8B compared to $49.8B for Turkmenistan, ranking 88/197 and 96/197 by economy size, respectively.

Bolivia has $54.9B in government debt (84.8% of GDP), compared to $1.87B (3.76% of GDP) in Turkmenistan.

Bolivia vs Turkmenistan GDP by year

Bolivia
Turkmenistan
1x
Year GDP, current $
Bolivia Turkmenistan
2025 $64,768,947,525 $49,828,621,356
2024 $54,881,327,453 $44,249,447,717
2023 $52,340,206,946 $39,020,211,240
2022 $50,959,081,954 $37,583,913,148
2021 $47,877,892,402 $26,334,182,094
2020 $42,313,784,081 $27,350,527,268
2019 $49,056,643,589 $29,700,000,000
2018 $48,414,038,842 $26,036,313,869
2017 $45,927,439,595 $33,352,261,307
2016 $33,941,126,194 $33,313,947,368
2015 $33,000,198,249 $35,799,714,286
2014 $32,996,188,017 $43,524,210,526
2013 $30,659,338,886 $39,197,543,860
2012 $27,084,497,482 $35,164,210,526
2011 $23,963,164,697 $29,233,333,333
2010 $19,649,723,722 $22,583,157,895
2009 $17,339,992,194 $20,214,385,965
2008 $16,674,276,286 $19,271,523,179
2007 $13,120,108,008 $12,664,165,103
2006 $11,451,844,902 $10,276,674,365
2005 $9,549,122,905 $8,103,901,996
2004 $8,773,451,752 $6,838,351,088
2003 $8,082,399,640 $5,977,440,583
2002 $7,905,485,146 $4,462,029,109
2001 $8,141,516,928 $3,534,772,732
2000 $8,397,855,485 $2,904,663,311
1999 $8,285,064,435 $2,450,564,100
1998 $8,497,494,652 $2,605,689,134
1997 $7,925,736,821 $2,450,350,625
1996 $7,396,949,126 $2,378,759,975
1995 $6,715,161,732 $2,482,228,440
1994 $5,981,222,859 $2,561,118,608
1993 $5,734,699,489 $3,179,225,949
1992 $5,643,868,749 $3,200,539,816
1991 $5,343,262,457 $3,208,098,919
1990 $4,867,582,598 $3,189,539,641
1989 $4,715,973,437 $3,006,988,217
1988 $4,597,612,362 $3,010,982,414
1987 $4,347,956,338 $2,331,358,820
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 (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Bolivia vs Turkmenistan by year

Bolivia
GDP per capita

GDP per capita, PPP
Turkmenistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bolivia Turkmenistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $5,148 - $6,540 -
2024 $4,421 $12,878 $5,904 $21,213
2023 $4,275 $12,892 $5,298 $19,829
2022 $4,219 $12,307 $5,198 $18,340
2021 $4,011 $11,202 $3,713 $16,434
2020 $3,581 $9,581 $3,935 $15,091
2019 $4,203 $11,005 $4,365 $15,478
2018 $4,207 $10,758 $3,912 $14,368
2017 $4,048 $10,420 $5,126 $13,278
2016 $3,036 $9,242 $5,238 $12,919
2015 $2,996 $8,757 $5,759 $12,715
2014 $3,041 $8,629 $7,164 $12,477
2013 $2,870 $8,069 $6,600 $11,723
2012 $2,576 $7,184 $6,054 $11,035
2011 $2,316 $6,598 $5,144 $10,283
2010 $1,930 $6,245 $4,059 $8,972
2009 $1,731 $6,024 $3,708 $8,285
2008 $1,693 $5,890 $3,606 $7,916
2007 $1,355 $5,537 $2,415 $6,901
2006 $1,203 $5,244 $1,997 $6,164
2005 $1,020 $4,938 $1,604 $5,489
2004 $953 $4,663 $1,379 $4,798
2003 $893 $4,433 $1,229 $4,536
2002 $888 $4,304 $936 $4,393
2001 $930 $4,205 $756 $4,401
2000 $976 $4,113 $634 $4,209
1999 $979 $3,991 $546 $3,981
1998 $1,022 $3,988 $591 $3,432
1997 $970 $3,822 $565 $3,222
1996 $922 $3,645 $558 $3,636
1995 $853 $3,494 $592 $3,405
1994 $774 $3,331 $622 $3,659
1993 $757 $3,177 $788 $4,422
1992 $760 $3,036 $811 $4,351
1991 $734 $2,981 $832 $5,117
1990 $683 $2,797 $848 $5,321
1989 $675 - $821 -
1988 $673 - $846 -
1987 $650 - $675 -
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 (1960–2025, retrieved 2026-07-08).

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

Bolivia's GDP per capita is $5,148, ranking 121/197, compared to $6,540 in Turkmenistan, ranking 111/197. Adjusted for purchasing power (GDP per capita PPP), Bolivia ranks 122nd at $12,878, while Turkmenistan ranks 94th at $21,213.

Economic indicators

Bolivia Turkmenistan
Gross domestic product
$64.8B
2025
$49.8B
2025
GDP rank
88/197
2025
96/197
2025
GDP growth
-1.58%
2024-2025
6.3%
2024-2025
GDP per capita
$5,148
2025
$6,540
2025
GDP per capita rank
121/197
2025
111/197
2025
GDP per capita, PPP
$12,878
2024
$21,213
2024
GDP per capita PPP rank
122/197
2024
94/197
2024
Government debt
$54.9B
2025
$1.87B
2025
Debt-to-GDP ratio
84.8%
2025
3.76%
2025
Government debt per person
$4,364
2025
$246
2025
Government debt per person rank
93/185
2025
180/185
2025
Average annual personal income after taxes
$4,410
2026
$2,520
2026
Income share by richest 10%
30.6%
2024
31.5%
1998
Income share by poorest 10%
1.9%
2024
2.4%
1998
Government expenditure, % of GDP
32.2%
2025
14.1%
2025
Consumer prices inflation
19.5%
2024-2025
2.7%
2024-2025
Central bank interest rate
3.26%
2025
n/a
Unemployment rate
2.73%
2024
4%
2010
Population
12837312
7800189

Spending and national debt comparison by year

Bolivia
Spending

Debt
Turkmenistan
Spending

Debt
1x
Year % of GDP
Bolivia Turkmenistan
Government spending Government debt Government spending Government debt
2025 32.2% 84.8% 14.1% 3.76%
2024 33.5% 83.2% 14.5% 4.11%
2023 33.5% 78.3% 13.7% 5.46%
2022 31.2% 69.2% 13% 7.14%
2021 29.4% 68.7% 13.4% 12.3%
2020 31.9% 67.5% 13.5% 15.4%
2019 30.1% 48.9% 13.6% 17.7%
2018 31.4% 44.2% 13.7% 22.5%
2017 31.6% 41.9% 17.8% 24.7%
2016 32.9% 38.2% 14.1% 21.1%
2015 37% 34% 17.3% 19%
2014 34.9% 31.8% 17% 16%
2013 30.4% 31% 16.9% 20.4%
2012 31.3% 30.7% 14.7% 17.9%
2011 30.6% 30.5% 15.4% 14.8%
2010 27.5% 32.8% 14.6% 7.04%
2009 28.9% 34.1% 14.4% 3.09%
2008 31.1% 32.4% 11.7% 3.56%
2007 28.9% 35.5% 14.4% 3.06%
2006 26.6% 48.6% 16% 4.23%
2005 29.5% 73.2% 21.1% 6.82%
2004 29% 80.6% 20.3% 11.4%
2003 28.6% 85.5% 20.8% 16.9%
2002 29.6% 77.2% 19.4% 24.2%
2001 28.6% 74.4% 22.6% 34.1%
2000 26.2% 66.5% 25.9% 55.1%
1999 26.3% 61.7% 20.8% 66.7%
1998 26.8% 61.2% 26.1% 81.6%
1997 25.3% 64.6% 26.9% 64.2%
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/turkmenistan | CC BY

In 2025, Bolivia's government spending was $20.8B, accounting for 32.2% of its GDP, while Turkmenistan spent $7.05B, or 14.1% of GDP.

Debt-to-GDP ratio is 84.8% in Bolivia and 3.76% in Turkmenistan, ranking 36/185 and 183/185, respectively.

Government deficit by year

Deficit/surplus
Bolivia

Turkmenistan
1x
Year Deficit/surplus, % of GDP
Bolivia Turkmenistan
2025 -11.6% 0.06%
2024 -8.7% -0.08%
2023 -9.46% 0.11%
2022 -6.15% 3.38%
2021 -7.87% 0.57%
2020 -11% -0.16%
2019 -6.04% -0.4%
2018 -6.8% -0.22%
2017 -6.42% -2.84%
2016 -5.95% -2.38%
2015 -5.76% -0.7%
2014 -2.88% 0.89%
2013 0.51% 1.53%
2012 1.49% 7.53%
2011 0.72% 3.84%
2010 1.42% 2.13%
2009 2.29% 7.53%
2008 3.1% 10.7%
2007 -1.37% 4.19%
2006 3.99% 5.64%
2005 -2% 0.86%
2004 -4.97% 1.47%
2003 -7.04% 3.99%
2002 -7.82% 0.19%
2001 -6.11% 0.77%
2000 -3.34% -0.55%
1999 -3.43% 2.48%
1998 -4.56% 1.15%
1997 -2.94% -0.2%
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/turkmenistan | 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 Turkmenistan's surplus of $31.4M, or 0.06% of GDP.

Over the past 29 years, Bolivia recorded a fiscal deficit in 22 of those years, while Turkmenistan ran a deficit in 9 years. On average, Bolivia posted an annual deficit equal to 4.09% of GDP, compared to surplus of 1.78% of GDP for Turkmenistan.

Inflation comparison by year

Inflation
Bolivia

Turkmenistan
1x
Year Consumer prices inflation
Bolivia Turkmenistan
2025 19.5% 2.7%
2024 5.1% 4.6%
2023 2.58% -1.6%
2022 1.75% 11.2%
2021 0.74% 19.5%
2020 0.94% 6.1%
2019 1.84% 5.1%
2018 2.27% 13.3%
2017 2.82% 8%
2016 3.62% 3.6%
2015 4.06% 7.4%
2014 5.77% 6%
2013 5.74% 6.8%
2012 4.52% 5.3%
2011 9.88% 5.3%
2010 2.5% 4.4%
2009 3.35% -2.7%
2008 14% 14.5%
2007 8.71% 6.3%
2006 4.28% 8.2%
2005 5.39% 10.7%
2004 4.44% 5.9%
2003 3.34% 5.6%
2002 0.93% 8.8%
2001 1.59% 11.6%
2000 4.61% 8%
1999 2.16% 23.5%
1998 7.67% 16.8%
1997 4.71% 83.7%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Bolivia has recorded an average annual inflation rate of 4.79%, compared with 10.6% in Turkmenistan. In 2025, inflation was 19.5% in Bolivia and 2.7% in Turkmenistan.

Balance of trade

Bolivia Turkmenistan
Current account balance
-$1.22B
2025
n/a
Current account balance ranking
124/190
2025
n/a
Current account balance, % of GDP
-1.88%
2025
n/a
Goods imports
$9.23B
2025
n/a
Goods exports
$9.56B
2025
n/a
Service imports
$2.25B
2025
n/a
Service exports
$1.21B
2025
n/a
Imports of goods and services, % of GDP
25.5%
2024
13.7%
2025
Exports of goods and services, % of GDP
21.4%
2024
14.5%
2025

Economic freedom indices

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

Bolivia Turkmenistan
Economic freedom 42.4 47
Economic freedom ranking 184/197 177/197
Property rights 20.2 17.4
Government integrity 27.1 8.4
Judicial effectiveness 29.5 12.3
Tax burden 86.4 94.2
Government spending 56.3 94.3
Fiscal health 0.8 99.9
Business freedom 53.6 37.5
Labor freedom 52.2 29.3
Monetary freedom 67.1 76.7
Trade freedom 60.6 74.2
Investment freedom 15 10
Financial freedom 40 10

Economic freedom comparison by year

Bolivia
Turkmenistan
1x
Year Economic freedom index
Bolivia Turkmenistan
2026 42.4 47
2025 44.1 47.1
2024 43.5 46.3
2023 43.4 46.5
2022 43 46.2
2021 42.7 47.4
2020 42.8 46.5
2019 42.3 48.4
2018 44.1 47.1
2017 47.7 47.4
2016 47.4 41.9
2015 46.8 41.4
2014 48.4 42.2
2013 47.9 42.6
2012 50.2 43.8
2011 50 43.6
2010 49.4 42.5
2009 53.6 44.2
2008 53.1 43.4
2007 54.2 43
2006 57.8 43.8
2005 58.4 47.6
2004 64.5 50.7
2003 64.3 51.3
2002 65.1 43.2
2001 68 41.8
2000 65 37.6
1999 65.6 36.1
1998 68.8 35
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/turkmenistan | CC BY

The Economic Freedom Index for Bolivia is 42.4, ranking 184/197, compared to 47 for Turkmenistan, ranking 177/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bolivia Turkmenistan
Services, % of GDP
53.4%
2024
48.9%
2025
Industry, % of GDP
31.3%
2024
36%
2025
Agriculture, forestry, and fishing, % of GDP
8.83%
2024
12.4%
2025
GNI, Atlas method
$55.6B
2025
$48.3B
2025
GNI per capita, PPP
$12,530
2025
$22,830
2025
Total reserves including gold
$580M
2025
$1.51B
1999
Total reserves ranking
155/177
2025
135/177
1999
Net foreign direct investment
-$464M
2025
n/a
Net inflows of foreign direct investment
$358M
2024
$1.64B
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
37.7%
2024
0.2%
2020
Gross capital formation, % of GDP
17.9%
2024
47.2%
2012

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/turkmenistan | 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)
  8. Central Intelligence Agency (CIA) (2020, 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.