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Economy of Bolivia vs Turkmenistan compared: GDP & Debt

Updated on by Georank team

Bolivia has a GDP of $54.9B compared to $51.4B for Turkmenistan, ranking 88/197 and 92/197 by economy size, respectively.

Bolivia has $53.8B in government debt (98% of GDP), compared to $2.11B (4.11% of GDP) in Turkmenistan.

Bolivia vs Turkmenistan GDP by year

Bolivia
Turkmenistan
1x
Year GDP, current $
Bolivia Turkmenistan
2024 $54,881,327,453 $51,387,209,872
2023 $52,340,206,946 $45,894,538,666
2022 $50,959,081,954 $42,208,726,138
2021 $47,877,892,402 $40,589,905,812
2020 $42,313,784,081 $41,509,903,182
2019 $49,056,643,589 $40,810,067,975
2018 $48,414,038,842 $40,765,428,571
2017 $45,927,439,595 $37,926,285,714
2016 $33,941,126,194 $36,169,428,571
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 (1960–2024, retrieved 2026-04-06).

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
2024 $4,421 $12,878 $6,857 $21,213
2023 $4,275 $12,892 $6,232 $19,829
2022 $4,219 $12,307 $5,838 $18,340
2021 $4,011 $11,202 $5,723 $16,434
2020 $3,581 $9,581 $5,973 $15,091
2019 $4,203 $11,005 $5,998 $15,478
2018 $4,207 $10,758 $6,125 $14,368
2017 $4,048 $10,420 $5,828 $13,278
2016 $3,036 $9,242 $5,687 $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 (1960–2024, retrieved 2026-04-06).

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

Bolivia's GDP per capita is $4,421, ranking 125/197, compared to $6,857 in Turkmenistan, ranking 104/197. 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
$54.9B
2024
$51.4B
2024
GDP rank
88/197
2024
92/197
2024
GDP growth
-1.12%
2023-2024
6.3%
2023-2024
GDP per capita
$4,421
2024
$6,857
2024
GDP per capita rank
125/197
2024
104/197
2024
GDP per capita, PPP
$12,878
2024
$21,213
2024
GDP per capita PPP rank
122/197
2024
94/197
2024
Government debt
$53.8B
2024
$2.11B
2024
Debt-to-GDP ratio
98%
2024
4.11%
2024
Government debt per person
$4,331
2024
$282
2024
Government debt per person rank
88/185
2024
179/185
2024
Average annual personal income after taxes
$4,720
2026
$7,520
2026
Income share by richest 10%
31.3%
2023
31.5%
1998
Income share by poorest 10%
1.8%
2023
2.4%
1998
Government expenditure, % of GDP
39.8%
2024
14.5%
2024
Consumer prices inflation
5.1%
2023-2024
4.6%
2023-2024
Central bank interest rate
3.26%
2025
n/a
Unemployment rate
2.73%
2024
4%
2010
Population
12798112
7776557

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
2024 39.8% 98% 14.5% 4.11%
2023 38.7% 90.8% 13.7% 5.46%
2022 36% 80.1% 13% 7.14%
2021 34.8% 81.4% 13.4% 12.3%
2020 36.8% 78% 13.5% 15.4%
2019 36.1% 58.6% 13.6% 17.7%
2018 37.7% 53.1% 13.7% 22.5%
2017 38.6% 51.3% 17.8% 24.7%
2016 40% 46.5% 14.1% 21.1%
2015 44.5% 40.9% 17.3% 19%
2014 41.2% 37.6% 17% 16%
2013 35.4% 36.1% 16.9% 20.4%
2012 36% 35.4% 14.7% 17.9%
2011 35.4% 35.3% 15.4% 14.8%
2010 31.5% 37.6% 14.6% 7.04%
2009 33.2% 39.2% 14.4% 3.09%
2008 35.3% 36.8% 11.7% 3.56%
2007 32.7% 40% 14.4% 3.06%
2006 29.8% 54.4% 16% 4.23%
2005 33.2% 82.2% 21.1% 6.82%
2004 32.3% 89.8% 20.3% 11.4%
2003 32% 95.6% 20.8% 16.9%
2002 33.3% 86.7% 19.4% 24.2%
2001 32% 83% 22.6% 34.1%
2000 29.3% 74.3% 25.9% 55.1%
1999 29.4% 61.7% 20.8% 66.7%
1998 30% 61.2% 26.1% 81.6%
1997 28.3% 64.6% 26.9% 64.2%
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/turkmenistan | CC BY

In 2024, Bolivia's government spending was $21.9B, accounting for 39.8% of its GDP, while Turkmenistan spent $7.46B, or 14.5% of GDP.

Debt-to-GDP ratio is 98% in Bolivia and 4.11% in Turkmenistan, ranking 26/185 and 183/185, respectively.

Government deficit by year

Deficit/surplus
Bolivia

Turkmenistan
1x
Year Deficit/surplus, % of GDP
Bolivia Turkmenistan
2024 -10.6% -0.08%
2023 -10.9% 0.11%
2022 -7.12% 3.38%
2021 -9.33% 0.57%
2020 -12.7% -0.16%
2019 -7.25% -0.4%
2018 -8.17% -0.22%
2017 -7.86% -2.84%
2016 -7.24% -2.38%
2015 -6.93% -0.7%
2014 -3.41% 0.89%
2013 0.6% 1.53%
2012 1.72% 7.53%
2011 0.83% 3.84%
2010 1.62% 2.13%
2009 2.63% 7.53%
2008 3.53% 10.7%
2007 -1.54% 4.19%
2006 4.47% 5.64%
2005 -2.24% 0.86%
2004 -5.54% 1.47%
2003 -7.88% 3.99%
2002 -8.79% 0.19%
2001 -6.82% 0.77%
2000 -3.73% -0.55%
1999 -3.84% 2.48%
1998 -5.1% 1.15%
1997 -3.28% -0.2%
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/turkmenistan | 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 Turkmenistan's deficit of $42.9M, or 0.08% of GDP.

Over the past 28 years, Bolivia recorded a fiscal deficit in 21 of those years, while Turkmenistan ran a deficit in 9 years. On average, Bolivia posted an annual deficit equal to 4.46% of GDP, compared to surplus of 1.84% of GDP for Turkmenistan.

Inflation comparison by year

Inflation
Bolivia

Turkmenistan
1x
Year Consumer prices inflation
Bolivia Turkmenistan
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 (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Bolivia has recorded an average annual inflation rate of 4.26%, compared with 10.9% in Turkmenistan. In 2024, inflation was 5.1% in Bolivia and 4.6% in Turkmenistan.

Balance of trade

Bolivia Turkmenistan
Current account balance
-$1.41B
2024
n/a
Current account balance ranking
132/190
2024
n/a
Current account balance, % of GDP
-2.56%
2024
n/a
Goods imports
$9.15B
2024
n/a
Goods exports
$8.93B
2024
n/a
Service imports
$2.35B
2024
n/a
Service exports
$1.14B
2024
n/a
Imports of goods and services, % of GDP
25.5%
2024
11.2%
2024
Exports of goods and services, % of GDP
21.4%
2024
17.6%
2024

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 2026-03-09).

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
50.4%
2024
Industry, % of GDP
31.3%
2024
37.5%
2024
Agriculture, forestry, and fishing, % of GDP
8.83%
2024
12.2%
2024
GNI, Atlas method
$51.7B
2024
$48.8B
2024
GNI per capita, PPP
$12,620
2024
$21,020
2024
Total reserves including gold
$1.98B
2024
$1.51B
1999
Total reserves ranking
127/177
2024
135/177
1999
Net foreign direct investment
-$113M
2024
n/a
Net inflows of foreign direct investment
$387M
2024
$1.64B
2024
Net outflows of foreign direct investment
$133M
2024
$0
2024
Servicing debt to the IMF, % of GNI
3.41%
2024
1.91%
2024
Poverty at national poverty lines
36.5%
2023
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 (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/bolivia/turkmenistan | 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)
  8. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.