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Economy of Bolivia vs Tuvalu compared: GDP & Debt

Updated on by Georank team

Bolivia has a GDP of $54.9B compared to $62.3M for Tuvalu, ranking 88/197 and 196/197 by economy size, respectively.

Bolivia has $53.8B in government debt (98% of GDP), compared to $4.15M (6.96% of GDP) in Tuvalu.

Bolivia vs Tuvalu GDP by year

Bolivia
Tuvalu
1x
Year GDP, current $
Bolivia Tuvalu
2024 $54,881,327,453 -
2023 $52,340,206,946 $62,280,312
2022 $50,959,081,954 $59,065,982
2021 $47,877,892,402 $60,196,406
2020 $42,313,784,081 $51,746,594
2019 $49,056,643,589 $54,123,199
2018 $48,414,038,842 $48,015,260
2017 $45,927,439,595 $45,276,595
2016 $33,941,126,194 $41,629,064
2015 $33,000,198,249 $36,811,936
2014 $32,996,188,017 $38,760,983
2013 $30,659,338,886 $38,615,891
2012 $27,084,497,482 $39,345,579
2011 $23,963,164,697 $39,196,957
2010 $19,649,723,722 $32,105,408
2009 $17,339,992,194 $28,076,984
2008 $16,674,276,286 $31,874,435
2007 $13,120,108,008 $28,450,169
2006 $11,451,844,902 $24,096,875
2005 $9,549,122,905 $22,909,980
2004 $8,773,451,752 $22,798,275
2003 $8,082,399,640 $19,456,338
2002 $7,905,485,146 $16,842,673
2001 $8,141,516,928 $13,964,732
2000 $8,397,855,485 $15,073,976
1999 $8,285,064,435 $14,800,503
1998 $8,497,494,652 $13,795,146
1997 $7,925,736,821 $13,734,210
1996 $7,396,949,126 $13,338,597
1995 $6,715,161,732 $11,922,614
1994 $5,981,222,859 $11,772,611
1993 $5,734,699,489 $10,414,400
1992 $5,643,868,749 $10,535,028
1991 $5,343,262,457 $10,127,314
1990 $4,867,582,598 $9,542,901
1989 $4,715,973,437 $8,454,523
1988 $4,597,612,362 $7,011,059
1987 $4,347,956,338 $5,020,513
1986 $3,959,382,833 $4,574,706
1985 $5,377,276,555 $3,862,852
1984 $6,169,483,225 $4,481,978
1983 $5,422,656,823 $4,152,550
1982 $5,594,126,369 $4,118,945
1981 $5,891,598,695 $4,773,018
1980 $4,537,479,608 $4,206,128
1979 $4,421,336,383 $4,065,659
1978 $3,758,220,890 $3,798,782
1977 $3,227,436,282 $3,669,420
1976 $2,731,984,008 $3,919,072
1975 $2,404,697,651 $4,014,748
1974 $2,100,249,875 $4,122,329
1973 $1,262,968,516 $3,411,915
1972 $1,257,615,645 $2,968,458
1971 $1,095,622,896 $2,716,990
1970 $1,017,003,367 $2,585,956
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/tuvalu | CC BY

GDP per capita in Bolivia vs Tuvalu by year

Bolivia
GDP per capita

GDP per capita, PPP
Tuvalu
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bolivia Tuvalu
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $4,421 $12,878 - -
2023 $4,275 $12,892 $6,345 $6,151
2022 $4,219 $12,307 $5,911 $5,661
2021 $4,011 $11,202 $5,905 $5,353
2020 $3,581 $9,581 $4,976 $5,122
2019 $4,203 $11,005 $5,115 $5,210
2018 $4,207 $10,758 $4,466 $4,432
2017 $4,048 $10,420 $4,166 $4,227
2016 $3,036 $9,242 $3,809 $4,031
2015 $2,996 $8,757 $3,358 $3,776
2014 $3,041 $8,629 $3,529 $3,419
2013 $2,870 $8,069 $3,510 $3,277
2012 $2,576 $7,184 $3,598 $3,170
2011 $2,316 $6,598 $3,636 $3,176
2010 $1,930 $6,245 $3,025 $2,945
2009 $1,731 $6,024 $2,684 $3,082
2008 $1,693 $5,890 $3,088 $3,291
2007 $1,355 $5,537 $2,794 $3,034
2006 $1,203 $5,244 $2,396 $2,787
2005 $1,020 $4,938 $2,305 $2,728
2004 $953 $4,663 $2,323 $2,765
2003 $893 $4,433 $2,007 $2,770
2002 $888 $4,304 $1,750 $2,915
2001 $930 $4,205 $1,457 $2,596
2000 $976 $4,113 $1,579 $2,597
1999 $979 $3,991 $1,559 $2,543
1998 $1,022 $3,988 $1,460 $2,560
1997 $970 $3,822 $1,461 $2,204
1996 $922 $3,645 $1,428 $1,982
1995 $853 $3,494 $1,285 $2,083
1994 $774 $3,331 $1,279 $2,165
1993 $757 $3,177 $1,141 $1,939
1992 $760 $3,036 $1,166 $1,837
1991 $734 $2,981 $1,134 $1,769
1990 $683 $2,797 $1,085 $1,676
1989 $675 - $976 -
1988 $673 - $823 -
1987 $650 - $600 -
1986 $604 - $557 -
1985 $838 - $480 -
1984 $982 - $567 -
1983 $882 - $533 -
1982 $930 - $537 -
1981 $1,001 - $634 -
1980 $788 - $571 -
1979 $785 - $566 -
1978 $683 - $546 -
1977 $600 - $549 -
1976 $520 - $612 -
1975 $468 - $656 -
1974 $418 - $708 -
1973 $257.2 - $601 -
1972 $261.9 - $522 -
1971 $233.4 - $478 -
1970 $221.6 - $457 -
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/tuvalu | CC BY

Bolivia's GDP per capita is $4,421, ranking 125/197, compared to $6,345 in Tuvalu, ranking 110/197. Adjusted for purchasing power (GDP per capita PPP), Bolivia ranks 122nd at $12,878, while Tuvalu ranks 152nd at $6,151.

Economic indicators

Bolivia Tuvalu
Gross domestic product
$54.9B
2024
$62.3M
2023
GDP rank
88/197
2024
196/197
2023
GDP growth
-1.12%
2023-2024
3.85%
2022-2023
GDP per capita
$4,421
2024
$6,345
2023
GDP per capita rank
125/197
2024
110/197
2023
GDP per capita, PPP
$12,878
2024
$6,151
2023
GDP per capita PPP rank
122/197
2024
152/197
2023
Government debt
$53.8B
2024
$4.15M
2023
Debt-to-GDP ratio
98%
2024
6.96%
2024
Government debt per person
$4,331
2024
$423
2023
Government debt per person rank
88/185
2024
171/185
2023
Average annual personal income after taxes
$4,720
2026
$4,233
2026
Income share by richest 10%
31.3%
2023
30.8%
2010
Income share by poorest 10%
1.8%
2023
2.7%
2010
Government expenditure, % of GDP
39.8%
2024
118.4%
2024
Consumer prices inflation
5.1%
2023-2024
1.2%
2023-2024
Central bank interest rate
3.26%
2025
n/a
Unemployment rate
2.73%
2024
7.32%
2022
Population
12798112
9341

Spending and national debt comparison by year

Bolivia
Spending

Debt
Tuvalu
Spending

Debt
1x
Year % of GDP
Bolivia Tuvalu
Government spending Government debt Government spending Government debt
2024 39.8% 98% 118.4% 6.96%
2023 38.7% 90.8% 138.8% 6.67%
2022 36% 80.1% 115.3% 6.33%
2021 34.8% 81.4% 113.8% 11.3%
2020 36.8% 78% 119.5% 12.1%
2019 36.1% 58.6% 113.6% 11.6%
2018 37.7% 53.1% 125.6% 11.8%
2017 38.6% 51.3% 106.4% 12%
2016 40% 46.5% 119.6% 11.5%
2015 44.5% 40.9% 116.9% 14.4%
2014 41.2% 37.6% 96.8% 16.4%
2013 35.4% 36.1% 80.2% 17.8%
2012 36% 35.4% 76.8% 19.3%
2011 35.4% 35.3% 77.2% 19.1%
2010 31.5% 37.6% 93.9% 21.1%
2009 33.2% 39.2% 100% 20.6%
2008 35.3% 36.8% 85.8% 19.8%
2007 32.7% 40% 88.6% 32.4%
2006 29.8% 54.4% 98.5% 37.5%
2005 33.2% 82.2% 82.1% 37.4%
2004 32.3% 89.8% 74.1% -
2003 32% 95.6% - -
2002 33.3% 86.7% - -
2001 32% 83% - -
2000 29.3% 74.3% - -
1999 29.4% 61.7% - -
1998 30% 61.2% - -
1997 28.3% 64.6% - -
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/tuvalu | CC BY

In 2024, Bolivia's government spending was $21.9B, accounting for 39.8% of its GDP, while Tuvalu spent $86.4M, or 118.4% of GDP.

Debt-to-GDP ratio is 98% in Bolivia and 6.96% in Tuvalu, ranking 26/185 and 182/185, respectively.

Government deficit by year

Deficit/surplus
Bolivia

Tuvalu
1x
Year Deficit/surplus, % of GDP
Bolivia Tuvalu
2024 -10.6% -8.23%
2023 -10.9% 15.3%
2022 -7.12% -14.6%
2021 -9.33% -13.3%
2020 -12.7% 13.7%
2019 -7.25% -1.07%
2018 -8.17% 30.3%
2017 -7.86% 2.09%
2016 -7.24% 27.5%
2015 -6.93% 14.7%
2014 -3.41% 3.26%
2013 0.6% 26%
2012 1.72% 9.58%
2011 0.83% -8.8%
2010 1.62% -23.4%
2009 2.63% -13.5%
2008 3.53% -17.2%
2007 -1.54% -18.6%
2006 4.47% -36.8%
2005 -2.24% -12.8%
2004 -5.54% -3.6%
2003 -7.88% -
2002 -8.79% -
2001 -6.82% -
2000 -3.73% -
1999 -3.84% -
1998 -5.1% -
1997 -3.28% -
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/tuvalu | CC BY

In 2023, Bolivia's government deficit, the difference between spending and revenue, was $5.73B, equivalent to 10.9% of GDP. This compares to Tuvalu's surplus of $9.55M, or 15.3% of GDP.

Over the past 20 years, Bolivia recorded a fiscal deficit in 13 of those years, while Tuvalu ran a deficit in 11 years. On average, Bolivia posted an annual deficit equal to 3.75% of GDP, compared to deficit of 1.06% of GDP for Tuvalu.

Inflation comparison by year

Inflation
Bolivia

Tuvalu
1x
Year Consumer prices inflation
Bolivia Tuvalu
2024 5.1% 1.2%
2023 2.58% 7.2%
2022 1.75% 12.2%
2021 0.74% 6.7%
2020 0.94% 1.6%
2019 1.84% 3.5%
2018 2.27% 2.2%
2017 2.82% 4.1%
2016 3.62% 3.5%
2015 4.06% 3.1%
2014 5.77% 1.1%
2013 5.74% 2%
2012 4.52% 1.4%
2011 9.88% 0.5%
2010 2.5% -1.9%
2009 3.35% -0.3%
2008 14% 10.4%
2007 8.71% 2.3%
2006 4.28% 4.2%
2005 5.39% 3.2%
2004 4.44% 2.4%
2003 3.34% 2.9%
2002 0.93% 5.1%
2001 1.59% 1.5%
2000 4.61% -
1999 2.16% -
1998 7.67% -
1997 4.71% -

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06); International Monetary Fund (IMF) | World Economic Outlook (2001–2024, retrieved 2026-02-20).

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

Over the past 24 years, Bolivia has recorded an average annual inflation rate of 4.17%, compared with 3.34% in Tuvalu. In 2024, inflation was 5.1% in Bolivia and 1.2% in Tuvalu.

Balance of trade

Bolivia Tuvalu
Current account balance
-$1.41B
2024
$2.71M
2022
Current account balance ranking
132/190
2024
77/190
2022
Current account balance, % of GDP
-2.56%
2024
+4.59%
2022
Goods imports
$9.15B
2024
$24.2M
2022
Goods exports
$8.93B
2024
$184K
2022
Service imports
$2.35B
2024
$33.1M
2022
Service exports
$1.14B
2024
$2.05M
2022
Imports of goods and services, % of GDP
25.5%
2024
n/a
Exports of goods and services, % of GDP
21.4%
2024
8.22%
2025

Economic freedom indices

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

Bolivia Tuvalu
Economic freedom 42.4 60
Economic freedom ranking 184/197 99/197
Property rights 20.2 n/a
Government integrity 27.1 n/a
Judicial effectiveness 29.5 n/a
Tax burden 86.4 n/a
Government spending 56.3 n/a
Fiscal health 0.8 n/a
Business freedom 53.6 n/a
Labor freedom 52.2 n/a
Monetary freedom 67.1 n/a
Trade freedom 60.6 n/a
Investment freedom 15 n/a
Financial freedom 40 n/a

Other economic metrics

Bolivia Tuvalu
Services, % of GDP
53.4%
2024
n/a
Industry, % of GDP
31.3%
2024
7.02%
2015
Agriculture, forestry, and fishing, % of GDP
8.83%
2024
15.9%
2015
GNI, Atlas method
$51.7B
2024
$86M
2023
GNI per capita, PPP
$12,620
2024
$8,320
2023
Total reserves including gold
$1.98B
2024
n/a
Total reserves ranking
127/177
2024
n/a
Net foreign direct investment
-$113M
2024
$0
2022
Net inflows of foreign direct investment
$387M
2024
$258K
2024
Net outflows of foreign direct investment
$133M
2024
$0
2024
Servicing debt to the IMF, % of GNI
3.41%
2024
n/a
Poverty at national poverty lines
36.5%
2023
26.3%
2020
Gross capital formation, % of GDP
17.9%
2024
n/a

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/tuvalu | 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. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  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.