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Economy of Bolivia vs Vanuatu compared: GDP & Debt

Updated on by Georank

Bolivia has a GDP of $64.8B compared to $1.35B for Vanuatu, ranking 88/197 and 185/197 by economy size, respectively.

Bolivia has $54.9B in government debt (84.8% of GDP), compared to $554M (40.9% of GDP) in Vanuatu.

Bolivia vs Vanuatu GDP by year

Bolivia
Vanuatu
1x
Year GDP, current $
Bolivia Vanuatu
2025 $64,768,947,525 $1,353,658,841
2024 $54,881,327,453 $1,297,956,615
2023 $52,340,206,946 $1,188,137,265
2022 $50,959,081,954 $1,151,863,790
2021 $47,877,892,402 $1,093,826,089
2020 $42,313,784,081 $1,017,403,363
2019 $49,056,643,589 $1,061,547,513
2018 $48,414,038,842 $1,034,402,941
2017 $45,927,439,595 $998,536,155
2016 $33,941,126,194 $908,725,513
2015 $33,000,198,249 $855,360,240
2014 $32,996,188,017 $879,185,478
2013 $30,659,338,886 $863,347,172
2012 $27,084,497,482 $747,839,698
2011 $23,963,164,697 $770,153,588
2010 $19,649,723,722 $670,712,980
2009 $17,339,992,194 $592,622,319
2008 $16,674,276,286 $590,748,429
2007 $13,120,108,008 $516,392,923
2006 $11,451,844,902 $439,358,587
2005 $9,549,122,905 $394,962,433
2004 $8,773,451,752 $364,996,869
2003 $8,082,399,640 $314,471,413
2002 $7,905,485,146 $262,596,536
2001 $8,141,516,928 $257,926,882
2000 $8,397,855,485 $272,014,628
1999 $8,285,064,435 $268,006,973
1998 $8,497,494,652 $262,293,411
1997 $7,925,736,821 $272,771,209
1996 $7,396,949,126 $261,370,044
1995 $6,715,161,732 $249,333,250
1994 $5,981,222,859 $233,701,301
1993 $5,734,699,489 $200,491,853
1992 $5,643,868,749 $209,088,825
1991 $5,343,262,457 $201,334,169
1990 $4,867,582,598 $168,879,207
1989 $4,715,973,437 $154,013,202
1988 $4,597,612,362 $158,351,368
1987 $4,347,956,338 $139,464,174
1986 $3,959,382,833 $126,498,935
1985 $5,377,276,555 $131,856,421
1984 $6,169,483,225 $144,482,515
1983 $5,422,656,823 $117,389,554
1982 $5,594,126,369 $114,501,913
1981 $5,891,598,695 $113,781,796
1980 $4,537,479,608 $121,185,498
1979 $4,421,336,383 $119,258,835
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/vanuatu | CC BY

GDP per capita in Bolivia vs Vanuatu by year

Bolivia
GDP per capita

GDP per capita, PPP
Vanuatu
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bolivia Vanuatu
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $5,148 - $4,039 -
2024 $4,421 $12,878 $3,960 $3,606
2023 $4,275 $12,892 $3,708 $3,568
2022 $4,219 $12,307 $3,680 $3,453
2021 $4,011 $11,202 $3,576 $3,136
2020 $3,581 $9,581 $3,404 $3,118
2019 $4,203 $11,005 $3,636 $3,315
2018 $4,207 $10,758 $3,626 $3,233
2017 $4,048 $10,420 $3,585 $3,146
2016 $3,036 $9,242 $3,340 $3,030
2015 $2,996 $8,757 $3,214 $2,966
2014 $3,041 $8,629 $3,378 $2,890
2013 $2,870 $8,069 $3,393 $2,832
2012 $2,576 $7,184 $3,005 $2,834
2011 $2,316 $6,598 $3,163 $2,816
2010 $1,930 $6,245 $2,815 $2,733
2009 $1,731 $6,024 $2,546 $2,730
2008 $1,693 $5,890 $2,604 $2,701
2007 $1,355 $5,537 $2,334 $2,573
2006 $1,203 $5,244 $2,035 $2,496
2005 $1,020 $4,938 $1,874 $2,287
2004 $953 $4,663 $1,774 $2,157
2003 $893 $4,433 $1,567 $2,070
2002 $888 $4,304 $1,341 $1,995
2001 $930 $4,205 $1,350 $2,125
2000 $976 $4,113 $1,460 $2,206
1999 $979 $3,991 $1,472 $2,084
1998 $1,022 $3,988 $1,471 $2,091
1997 $970 $3,822 $1,562 $2,087
1996 $922 $3,645 $1,529 $1,998
1995 $853 $3,494 $1,492 $1,961
1994 $774 $3,331 $1,431 $1,946
1993 $757 $3,177 $1,257 $1,789
1992 $760 $3,036 $1,344 $1,777
1991 $734 $2,981 $1,326 $1,737
1990 $683 $2,797 $1,141 $1,670
1989 $675 - $1,067 -
1988 $673 - $1,125 -
1987 $650 - $1,017 -
1986 $604 - $946 -
1985 $838 - $1,012 -
1984 $982 - $1,137 -
1983 $882 - $947 -
1982 $930 - $946 -
1981 $1,001 - $962 -
1980 $788 - $1,048 -
1979 $785 - $1,055 -
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/vanuatu | CC BY

Bolivia's GDP per capita is $5,148, ranking 121/197, compared to $4,039 in Vanuatu, ranking 133/197. Adjusted for purchasing power (GDP per capita PPP), Bolivia ranks 122nd at $12,878, while Vanuatu ranks 170th at $3,606.

Economic indicators

Bolivia Vanuatu
Gross domestic product
$64.8B
2025
$1.35B
2025
GDP rank
88/197
2025
185/197
2025
GDP growth
-1.58%
2024-2025
3.05%
2024-2025
GDP per capita
$5,148
2025
$4,039
2025
GDP per capita rank
121/197
2025
133/197
2025
GDP per capita, PPP
$12,878
2024
$3,606
2024
GDP per capita PPP rank
122/197
2024
170/197
2024
Government debt
$54.9B
2025
$554M
2025
Debt-to-GDP ratio
84.8%
2025
40.9%
2025
Government debt per person
$4,364
2025
$1,654
2025
Government debt per person rank
93/185
2025
125/185
2025
Average annual personal income after taxes
$4,410
2026
$2,801
2026
Income share by richest 10%
30.6%
2024
24.7%
2019
Income share by poorest 10%
1.9%
2024
3%
2019
Government expenditure, % of GDP
32.2%
2025
35.5%
2025
Consumer prices inflation
19.5%
2024-2025
0.66%
2024-2025
Central bank interest rate
3.26%
2025
n/a
Unemployment rate
2.73%
2024
1.41%
2025
Population
12837312
346488

Spending and national debt comparison by year

Bolivia
Spending

Debt
Vanuatu
Spending

Debt
1x
Year % of GDP
Bolivia Vanuatu
Government spending Government debt Government spending Government debt
2025 32.2% 84.8% 35.5% 40.9%
2024 33.5% 83.2% 33.1% 39.1%
2023 33.5% 78.3% 38.9% 39.2%
2022 31.2% 69.2% 38.5% 39.2%
2021 29.4% 68.7% 38.6% 42.2%
2020 31.9% 67.5% 38.8% 42.9%
2019 30.1% 48.9% 35.1% 39.8%
2018 31.4% 44.2% 29.4% 40%
2017 31.6% 41.9% 32.7% 46.4%
2016 32.9% 38.2% 31.2% 37.6%
2015 37% 34% 38.1% 32.2%
2014 34.9% 31.8% 20.5% 17.8%
2013 30.4% 31% 20.1% 16.4%
2012 31.3% 30.7% 22.1% 17.4%
2011 30.6% 30.5% 22.7% 19.3%
2010 27.5% 32.8% 25.6% 18.3%
2009 28.9% 34.1% 24.9% 19.1%
2008 31.1% 32.4% 25.1% 19.2%
2007 28.9% 35.5% 20.3% 17.6%
2006 26.6% 48.6% 18.2% 20%
2005 29.5% 73.2% 16.5% 23.8%
2004 29% 80.6% 16.7% 27.5%
2003 28.6% 85.5% 17% 34.6%
2002 29.6% 77.2% 20.2% 35.1%
2001 28.6% 74.4% 20.2% 33.5%
2000 26.2% 66.5% 23% 32.6%
1999 26.3% 61.7% 21.6% 27.7%
1998 26.8% 61.2% 25.2% 25.4%
1997 25.3% 64.6% 20.1% 20.7%
1996 23.3% 72.4% 22.1% 20.8%
1995 23.1% 81.7% 25.3% 21.8%
1994 23.9% 87.6% 22% 19.5%
1993 24.3% 83.8% 23.7% 18.3%
1992 22.6% 92.4% 28.8% 19%
1991 21.6% 92.8% 30% 14.4%
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/vanuatu | CC BY

In 2025, Bolivia's government spending was $20.8B, accounting for 32.2% of its GDP, while Vanuatu spent $480M, or 35.5% of GDP.

Debt-to-GDP ratio is 84.8% in Bolivia and 40.9% in Vanuatu, ranking 36/185 and 131/185, respectively.

Government deficit by year

Deficit/surplus
Bolivia

Vanuatu
1x
Year Deficit/surplus, % of GDP
Bolivia Vanuatu
2025 -11.6% -3.88%
2024 -8.7% -2.46%
2023 -9.46% -0.78%
2022 -6.15% -5.96%
2021 -7.87% 2.07%
2020 -11% -1.74%
2019 -6.04% 2.48%
2018 -6.8% 5.53%
2017 -6.42% -1.06%
2016 -5.95% -0.64%
2015 -5.76% -8.13%
2014 -2.88% 1.26%
2013 0.51% -0.22%
2012 1.49% -1.54%
2011 0.72% -1.98%
2010 1.42% -2.38%
2009 2.29% -0.76%
2008 3.1% -0.04%
2007 -1.37% 0.25%
2006 3.99% 0.44%
2005 -2% 1.68%
2004 -4.97% 0.72%
2003 -7.04% -1.22%
2002 -7.82% -3.29%
2001 -6.11% -3.01%
2000 -3.34% -5.67%
1999 -3.43% -0.5%
1998 -4.56% -6.01%
1997 -2.94% -0.46%
1996 -1.7% -1.61%
1995 -1.63% -2.34%
1994 -2.68% -1.35%
1993 -5.46% -3.32%
1992 -3.94% -2.1%
1991 -3.76% -2.54%
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/vanuatu | 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 Vanuatu's deficit of $52.6M, or 3.88% of GDP.

Over the past 35 years, Bolivia recorded a fiscal deficit in 28 of those years, while Vanuatu ran a deficit in 27 years. On average, Bolivia posted an annual deficit equal to 3.94% of GDP, compared to deficit of 1.44% of GDP for Vanuatu.

Inflation comparison by year

Inflation
Bolivia

Vanuatu
1x
Year Consumer prices inflation
Bolivia Vanuatu
2025 19.5% 0.66%
2024 5.1% 1.14%
2023 2.58% 11.2%
2022 1.75% 6.68%
2021 0.74% 2.34%
2020 0.94% 5.33%
2019 1.84% 2.76%
2018 2.27% 2.33%
2017 2.82% 3.08%
2016 3.62% 0.84%
2015 4.06% 2.48%
2014 5.77% 0.8%
2013 5.74% 1.46%
2012 4.52% 1.35%
2011 9.88% 0.87%
2010 2.5% 2.76%
2009 3.35% 4.3%
2008 14% 4.84%
2007 8.71% 3.94%
2006 4.28% 2.04%
2005 5.39% 1.2%
2004 4.44% 1.42%
2003 3.34% 3.02%
2002 0.93% 1.96%
2001 1.59% 3.58%
2000 4.61% 2.54%
1999 2.16% 2%
1998 7.67% 3.28%
1997 4.71% 2.83%

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

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

Over the past 29 years, Bolivia has recorded an average annual inflation rate of 4.79%, compared with 2.86% in Vanuatu. In 2025, inflation was 19.5% in Bolivia and 0.66% in Vanuatu.

Balance of trade

Bolivia Vanuatu
Current account balance
-$1.22B
2025
-$127M
2022
Current account balance ranking
124/190
2025
83/190
2022
Current account balance, % of GDP
-1.88%
2025
-11.1%
2022
Goods imports
$9.23B
2025
$350M
2022
Goods exports
$9.56B
2025
$73.6M
2022
Service imports
$2.25B
2025
$230M
2022
Service exports
$1.21B
2025
$78.5M
2022
Imports of goods and services, % of GDP
25.5%
2024
48%
2024
Exports of goods and services, % of GDP
21.4%
2024
25.3%
2024

Economic freedom indices

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

Bolivia Vanuatu
Economic freedom 42.4 61.1
Economic freedom ranking 184/197 92/197
Property rights 20.2 62.1
Government integrity 27.1 48.3
Judicial effectiveness 29.5 67.9
Tax burden 86.4 96.9
Government spending 56.3 48.1
Fiscal health 0.8 78.8
Business freedom 53.6 50.3
Labor freedom 52.2 41
Monetary freedom 67.1 72.1
Trade freedom 60.6 62
Investment freedom 15 65
Financial freedom 40 40

Economic freedom comparison by year

Bolivia
Vanuatu
1x
Year Economic freedom index
Bolivia Vanuatu
2026 42.4 61.1
2025 44.1 61.8
2024 43.5 62.2
2023 43.4 62.1
2022 43 62.9
2021 42.7 60.5
2020 42.8 60.7
2019 42.3 56.4
2018 44.1 69.5
2017 47.7 67.4
2016 47.4 60.8
2015 46.8 61.1
2014 48.4 59.5
2013 47.9 56.6
2012 50.2 56.6
2011 50 56.7
2010 49.4 56.4
2009 53.6 58.4
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/vanuatu | CC BY

The Economic Freedom Index for Bolivia is 42.4, ranking 184/197, compared to 61.1 for Vanuatu, ranking 92/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bolivia Vanuatu
Services, % of GDP
53.4%
2024
56.8%
2024
Industry, % of GDP
31.3%
2024
10.1%
2024
Agriculture, forestry, and fishing, % of GDP
8.83%
2024
26.6%
2024
GNI, Atlas method
$55.6B
2025
$1.48B
2025
GNI per capita, PPP
$12,530
2025
$4,970
2025
Total reserves including gold
$580M
2025
$615M
2024
Total reserves ranking
155/177
2025
152/177
2024
Net foreign direct investment
-$464M
2025
-$9.21M
2022
Net inflows of foreign direct investment
$358M
2024
$28.9M
2024
Net outflows of foreign direct investment
$133M
2024
$2.79M
2024
Servicing debt to the IMF, % of GNI
3.41%
2024
1.88%
2024
Poverty at national poverty lines
37.7%
2024
15.9%
2020
Gross capital formation, % of GDP
17.9%
2024
26.1%
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/vanuatu | 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.