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Economy of Bolivia vs Vietnam compared: GDP & Debt

Updated on by Georank team

Bolivia has a GDP of $54.9B compared to $476B for Vietnam, ranking 88/197 and 33/197 by economy size, respectively.

Bolivia has $53.8B in government debt (98% of GDP), compared to $149B (31.3% of GDP) in Vietnam.

Bolivia vs Vietnam GDP by year

Bolivia
Vietnam
1x
Year GDP, current $
Bolivia Vietnam
2024 $54,881,327,453 $476,388,230,307
2023 $52,340,206,946 $433,857,681,378
2022 $50,959,081,954 $413,445,230,669
2021 $47,877,892,402 $366,474,752,771
2020 $42,313,784,081 $346,615,738,538
2019 $49,056,643,589 $334,365,270,497
2018 $48,414,038,842 $310,106,478,395
2017 $45,927,439,595 $281,353,605,987
2016 $33,941,126,194 $257,096,001,178
2015 $33,000,198,249 $239,258,328,382
2014 $32,996,188,017 $233,451,469,643
2013 $30,659,338,886 $213,708,811,665
2012 $27,084,497,482 $195,590,661,129
2011 $23,963,164,697 $172,595,049,184
2010 $19,649,723,722 $147,201,173,197
2009 $17,339,992,194 $106,014,659,565
2008 $16,674,276,286 $99,130,304,099
2007 $13,120,108,008 $77,414,425,532
2006 $11,451,844,902 $66,371,664,817
2005 $9,549,122,905 $57,633,255,738
2004 $8,773,451,752 $45,427,854,693
2003 $8,082,399,640 $39,552,513,232
2002 $7,905,485,146 $35,064,105,501
2001 $8,141,516,928 $32,685,198,809
2000 $8,397,855,485 $31,172,518,403
1999 $8,285,064,435 $28,683,659,007
1998 $8,497,494,652 $27,209,602,050
1997 $7,925,736,821 $26,843,700,442
1996 $7,396,949,126 $24,657,470,575
1995 $6,715,161,732 $20,736,164,459
1994 $5,981,222,859 $16,286,433,533
1993 $5,734,699,489 $13,180,953,598
1992 $5,643,868,749 $9,866,990,236
1991 $5,343,262,457 $9,613,369,520
1990 $4,867,582,598 $6,471,740,806
1989 $4,715,973,437 $6,293,304,975
1988 $4,597,612,362 $25,423,812,649
1987 $4,347,956,338 $36,658,108,850
1986 $3,959,382,833 $26,336,616,250
1985 $5,377,276,555 $14,094,687,821
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/vietnam | CC BY

GDP per capita in Bolivia vs Vietnam by year

Bolivia
GDP per capita

GDP per capita, PPP
Vietnam
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bolivia Vietnam
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $4,421 $12,878 $4,717 $16,386
2023 $4,275 $12,892 $4,323 $15,034
2022 $4,219 $12,307 $4,148 $13,905
2021 $4,011 $11,202 $3,704 $12,049
2020 $3,581 $9,581 $3,534 $11,609
2019 $4,203 $11,005 $3,441 $11,029
2018 $4,207 $10,758 $3,222 $10,010
2017 $4,048 $10,420 $2,956 $9,170
2016 $3,036 $9,242 $2,735 $8,375
2015 $2,996 $8,757 $2,578 $7,672
2014 $3,041 $8,629 $2,546 $7,297
2013 $2,870 $8,069 $2,360 $6,758
2012 $2,576 $7,184 $2,185 $6,377
2011 $2,316 $6,598 $1,951 $5,786
2010 $1,930 $6,245 $1,683 $5,389
2009 $1,731 $6,024 $1,226 $5,061
2008 $1,693 $5,890 $1,164 $4,844
2007 $1,355 $5,537 $926 $4,581
2006 $1,203 $5,244 $808 $4,237
2005 $1,020 $4,938 $711 $3,894
2004 $953 $4,663 $565 $3,543
2003 $893 $4,433 $497 $3,240
2002 $888 $4,304 $445 $3,002
2001 $930 $4,205 $419 $2,809
2000 $976 $4,113 $404 $2,614
1999 $979 $3,991 $376 $2,421
1998 $1,022 $3,988 $361 $2,308
1997 $970 $3,822 $362 $2,189
1996 $922 $3,645 $337 $2,019
1995 $853 $3,494 $287.8 $1,841
1994 $774 $3,331 $229.9 $1,674
1993 $757 $3,177 $189.4 $1,534
1992 $760 $3,036 $144.5 $1,413
1991 $734 $2,981 $143.7 $1,298
1990 $683 $2,797 $98.8 $1,210
1989 $675 - $98.1 -
1988 $673 - $405 -
1987 $650 - $595 -
1986 $604 - $436 -
1985 $838 - $238.6 -
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/vietnam | CC BY

Bolivia's GDP per capita is $4,421, ranking 125/197, compared to $4,717 in Vietnam, ranking 122/197. Adjusted for purchasing power (GDP per capita PPP), Bolivia ranks 122nd at $12,878, while Vietnam ranks 108th at $16,386.

Economic indicators

Bolivia Vietnam
Gross domestic product
$54.9B
2024
$476B
2024
GDP rank
88/197
2024
33/197
2024
GDP growth
-1.12%
2023-2024
7.09%
2023-2024
GDP per capita
$4,421
2024
$4,717
2024
GDP per capita rank
125/197
2024
122/197
2024
GDP per capita, PPP
$12,878
2024
$16,386
2024
GDP per capita PPP rank
122/197
2024
108/197
2024
Government debt
$53.8B
2024
$149B
2024
Debt-to-GDP ratio
98%
2024
31.3%
2024
Government debt per person
$4,331
2024
$1,475
2024
Government debt per person rank
88/185
2024
132/185
2024
Average annual personal income after taxes
$4,720
2026
$4,020
2026
Market capitalization of domestic companies n/a
$205B
2024
Number of billionaires n/a
5
2025
Income share by richest 10%
31.3%
2023
28.1%
2022
Income share by poorest 10%
1.8%
2023
2.6%
2022
Government expenditure, % of GDP
39.8%
2024
19.1%
2024
Consumer prices inflation
5.1%
2023-2024
3.6%
2023-2024
Central bank interest rate
3.26%
2025
4.5%
2023
Unemployment rate
2.73%
2024
1.53%
2024
Population
12798112
102365351

Spending and national debt comparison by year

Bolivia
Spending

Debt
Vietnam
Spending

Debt
1x
Year % of GDP
Bolivia Vietnam
Government spending Government debt Government spending Government debt
2024 39.8% 98% 19.1% 31.3%
2023 38.7% 90.8% 18.8% 34.3%
2022 36% 80.1% 18.2% 34.9%
2021 34.8% 81.4% 20.1% 39.2%
2020 36.8% 78% 21.3% 41.3%
2019 36.1% 58.6% 19.8% 41%
2018 37.7% 53.1% 20.5% 43.8%
2017 38.6% 51.3% 21.5% 46.6%
2016 40% 46.5% 22.2% 47.9%
2015 44.5% 40.9% 24.2% 46.1%
2014 41.2% 37.6% 22.8% 43.6%
2013 35.4% 36.1% 24.5% 41.4%
2012 36% 35.4% 23.5% 38.3%
2011 35.4% 35.3% 21.2% 36.2%
2010 31.5% 37.6% 23.7% 37.3%
2009 33.2% 39.2% 25% 36.2%
2008 35.3% 36.8% 21.4% 31%
2007 32.7% 40% 22.3% 32.2%
2006 29.8% 54.4% 20.5% 30.2%
2005 33.2% 82.2% 20.6% 28.7%
2004 32.3% 89.8% 19.4% 29.4%
2003 32% 95.6% 22.2% 29.8%
2002 33.3% 86.7% 19.7% 27.7%
2001 32% 83% 19.2% 25.4%
2000 29.3% 74.3% 17.8% 24.8%
1999 29.4% 61.7% 16.7% -
1998 30% 61.2% 16% -
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/vietnam | CC BY

In 2024, Bolivia's government spending was $21.9B, accounting for 39.8% of its GDP, while Vietnam spent $91.1B, or 19.1% of GDP.

Debt-to-GDP ratio is 98% in Bolivia and 31.3% in Vietnam, ranking 26/185 and 156/185, respectively.

Government deficit by year

Deficit/surplus
Bolivia

Vietnam
1x
Year Deficit/surplus, % of GDP
Bolivia Vietnam
2024 -10.6% -1.54%
2023 -10.9% -1.72%
2022 -7.12% 0.67%
2021 -9.33% -1.43%
2020 -12.7% -2.86%
2019 -7.25% -0.4%
2018 -8.17% -1.02%
2017 -7.86% -1.96%
2016 -7.24% -3.16%
2015 -6.93% -4.98%
2014 -3.41% -5.02%
2013 0.6% -5.96%
2012 1.72% -5.46%
2011 0.83% -0.9%
2010 1.62% -2.25%
2009 2.63% -4.82%
2008 3.53% -0.45%
2007 -1.54% -1.74%
2006 4.47% 0.2%
2005 -2.24% -0.95%
2004 -5.54% -0.15%
2003 -7.88% -2.56%
2002 -8.79% -1.85%
2001 -6.82% -2.19%
2000 -3.73% -1.61%
1999 -3.84% -1.25%
1998 -5.1% -0.1%
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/vietnam | 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 Vietnam's deficit of $7.32B, or 1.54% of GDP.

Over the past 27 years, Bolivia recorded a fiscal deficit in 20 of those years, while Vietnam ran a deficit in 25 years. On average, Bolivia posted an annual deficit equal to 4.51% of GDP, compared to deficit of 2.05% of GDP for Vietnam.

Inflation comparison by year

Inflation
Bolivia

Vietnam
1x
Year Consumer prices inflation
Bolivia Vietnam
2024 5.1% 3.6%
2023 2.58% 3.3%
2022 1.75% 3.2%
2021 0.74% 1.8%
2020 0.94% 3.2%
2019 1.84% 2.8%
2018 2.27% 3.5%
2017 2.82% 3.5%
2016 3.62% 2.7%
2015 4.06% 0.6%
2014 5.77% 4.1%
2013 5.74% 6.6%
2012 4.52% 9.1%
2011 9.88% 18.7%
2010 2.5% 9.1%
2009 3.35% 6.7%
2008 14% 23.3%
2007 8.71% 8.4%
2006 4.28% 7.7%
2005 5.39% 8.3%
2004 4.44% 7.8%
2003 3.34% 3.1%
2002 0.93% 3.8%
2001 1.59% -0.4%
2000 4.61% -1.8%
1999 2.16% 4.1%
1998 7.67% 8.1%
1997 4.71% 3.1%

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/vietnam | CC BY

Over the past 28 years, Bolivia has recorded an average annual inflation rate of 4.26%, compared with 5.64% in Vietnam. In 2024, inflation was 5.1% in Bolivia and 3.6% in Vietnam.

Top exports between countries

Bolivia
Export category Export value
Processed food, beverages & tobacco $5.25M
Raw materials & minerals $3.47M
Raw agricultural goods $1.29M
Animal & marine products $861K
Wood & paper products $432K
Metals $373K
Textiles & consumer goods $129K
Machinery & equipment $2K
Vietnam
Export category Export value

Balance of trade

Bolivia Vietnam
Current account balance
-$1.41B
2024
$28B
2024
Current account balance ranking
132/190
2024
18/190
2024
Current account balance, % of GDP
-2.56%
2024
+5.89%
2024
Goods imports
$9.15B
2024
$362B
2024
Goods exports
$8.93B
2024
$406B
2024
Service imports
$2.35B
2024
$36.2B
2024
Service exports
$1.14B
2024
$23.9B
2024
Imports of goods and services, % of GDP
25.5%
2024
83.7%
2024
Exports of goods and services, % of GDP
21.4%
2024
90.2%
2024

Economic freedom indices

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

Bolivia Vietnam
Economic freedom 42.4 64.4
Economic freedom ranking 184/197 73/197
Property rights 20.2 47.3
Government integrity 27.1 39.2
Judicial effectiveness 29.5 31.3
Tax burden 86.4 80.9
Government spending 56.3 89.5
Fiscal health 0.8 96.9
Business freedom 53.6 70
Labor freedom 52.2 54.7
Monetary freedom 67.1 73.2
Trade freedom 60.6 79.8
Investment freedom 15 60
Financial freedom 40 50

Economic freedom comparison by year

Bolivia
Vietnam
1x
Year Economic freedom index
Bolivia Vietnam
2026 42.4 64.4
2025 44.1 65.2
2024 43.5 62.8
2023 43.4 61.8
2022 43 60.6
2021 42.7 61.7
2020 42.8 58.8
2019 42.3 55.3
2018 44.1 53.1
2017 47.7 52.4
2016 47.4 54
2015 46.8 51.7
2014 48.4 50.8
2013 47.9 51
2012 50.2 51.3
2011 50 51.6
2010 49.4 49.8
2009 53.6 51
2008 53.1 50.4
2007 54.2 49.8
2006 57.8 50.5
2005 58.4 48.1
2004 64.5 46.1
2003 64.3 46.2
2002 65.1 45.6
2001 68 44.3
2000 65 43.7
1999 65.6 42.7
1998 68.8 40.4
1997 65.1 38.6
1996 65.2 40.2
1995 56.8 41.7

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Bolivia is 42.4, ranking 184/197, compared to 64.4 for Vietnam, ranking 73/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bolivia Vietnam
Services, % of GDP
53.4%
2024
42.4%
2024
Industry, % of GDP
31.3%
2024
37.6%
2024
Agriculture, forestry, and fishing, % of GDP
8.83%
2024
11.9%
2024
GNI, Atlas method
$51.7B
2024
$454B
2024
GNI per capita, PPP
$12,620
2024
$15,850
2024
Total reserves including gold
$1.98B
2024
$83.1B
2024
Total reserves ranking
127/177
2024
30/177
2024
Net foreign direct investment
-$113M
2024
-$19.6B
2024
Net inflows of foreign direct investment
$387M
2024
$20.2B
2024
Net outflows of foreign direct investment
$133M
2024
$600M
2024
Servicing debt to the IMF, % of GNI
3.41%
2024
7.29%
2024
Poverty at national poverty lines
36.5%
2023
4.2%
2022
Gross capital formation, % of GDP
17.9%
2024
30.6%
2024

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/vietnam | 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. TradeMap (2020–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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.