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Economy of Bolivia vs Zimbabwe compared: GDP & Debt

Updated on by Georank team

Bolivia has a GDP of $54.9B compared to $41.5B for Zimbabwe, ranking 88/197 and 102/197 by economy size, respectively.

Bolivia has $53.8B in government debt (98% of GDP), compared to $30.3B (73% of GDP) in Zimbabwe.

Bolivia vs Zimbabwe GDP by year

Bolivia
Zimbabwe
1x
Year GDP, current $
Bolivia Zimbabwe
2024 $54,881,327,453 $41,539,411,516
2023 $52,340,206,946 $35,871,779,681
2022 $50,959,081,954 $40,757,561,709
2021 $47,877,892,402 $41,287,673,690
2020 $42,313,784,081 $31,980,334,561
2019 $49,056,643,589 $33,357,695,635
2018 $48,414,038,842 $34,141,666,667
2017 $45,927,439,595 $51,035,657,371
2016 $33,941,126,194 $20,559,250,000
2015 $33,000,198,249 $19,973,250,000
2014 $32,996,188,017 $19,505,500,000
2013 $30,659,338,886 $19,100,750,000
2012 $27,084,497,482 $17,123,500,000
2011 $23,963,164,697 $14,109,000,000
2010 $19,649,723,722 $12,047,750,000
2009 $17,339,992,194 $9,670,750,000
2008 $16,674,276,286 $4,418,000,000
2007 $13,120,108,008 $5,294,750,000
2006 $11,451,844,902 $5,446,750,000
2005 $9,549,122,905 $5,758,250,000
2004 $8,773,451,752 $5,808,500,000
2003 $8,082,399,640 $5,730,500,000
2002 $7,905,485,146 $6,345,250,000
2001 $8,141,516,928 $6,780,750,000
2000 $8,397,855,485 $6,693,250,000
1999 $8,285,064,435 $6,861,500,000
1998 $8,497,494,652 $6,405,250,000
1997 $7,925,736,821 $8,534,000,000
1996 $7,396,949,126 $8,557,500,000
1995 $6,715,161,732 $7,115,000,000
1994 $5,981,222,859 $6,894,250,000
1993 $5,734,699,489 $6,567,250,000
1992 $5,643,868,749 $6,755,000,000
1991 $5,343,262,457 $8,646,000,000
1990 $4,867,582,598 $8,788,301,546
1989 $4,715,973,437 $8,290,553,535
1988 $4,597,612,362 $7,818,774,177
1987 $4,347,956,338 $6,744,657,033
1986 $3,959,382,833 $6,220,698,247
1985 $5,377,276,555 $5,640,137,575
1984 $6,169,483,225 $6,355,369,172
1983 $5,422,656,823 $7,768,031,182
1982 $5,594,126,369 $8,544,060,905
1981 $5,891,598,695 $8,015,464,252
1980 $4,537,479,608 $6,682,278,300
1979 $4,421,336,383 $5,180,102,910
1978 $3,758,220,890 $4,353,822,343
1977 $3,227,436,282 $4,366,610,469
1976 $2,731,984,008 $4,320,576,877
1975 $2,404,697,651 $4,373,532,601
1974 $2,100,249,875 $3,984,194,614
1973 $1,262,968,516 $3,311,043,292
1972 $1,257,615,645 $2,679,096,597
1971 $1,095,622,896 $2,179,828,710
1970 $1,017,003,367 $1,885,168,339
1969 $929,629,630 $1,748,891,294
1968 $857,912,458 $1,480,355,355
1967 $755,808,081 $1,397,715,282
1966 $669,191,919 $1,282,403,936
1965 $604,377,104 $1,312,105,394
1964 $544,023,569 $1,217,759,447
1963 $482,828,283 $1,160,103,724
1962 $448,400,673 $1,118,172,226
1961 $410,101,010 $1,097,206,526
1960 $377,020,202 $1,053,528,036

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Bolivia vs Zimbabwe by year

Bolivia
GDP per capita

GDP per capita, PPP
Zimbabwe
GDP per capita

GDP per capita, PPP
1x
Year Current $
Bolivia Zimbabwe
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $4,421 $12,878 $2,497 $5,928
2023 $4,275 $12,892 $2,195 $5,791
2022 $4,219 $12,307 $2,536 $5,396
2021 $4,011 $11,202 $2,614 $4,827
2020 $3,581 $9,581 $2,060 $4,179
2019 $4,203 $11,005 $2,184 $4,166
2018 $4,207 $10,758 $2,271 $3,993
2017 $4,048 $10,420 $3,445 $10,756
2016 $3,036 $9,242 $1,408 $4,275
2015 $2,996 $8,757 $1,387 $4,046
2014 $3,041 $8,629 $1,373 $3,903
2013 $2,870 $8,069 $1,363 $3,784
2012 $2,576 $7,184 $1,239 $3,472
2011 $2,316 $6,598 $1,038 $3,047
2010 $1,930 $6,245 $902 $2,661
2009 $1,731 $6,024 $736 $2,233
2008 $1,693 $5,890 $341 $1,987
2007 $1,355 $5,537 $414 $2,396
2006 $1,203 $5,244 $431 $2,454
2005 $1,020 $4,938 $461 $2,496
2004 $953 $4,663 $470 $2,591
2003 $893 $4,433 $468 $2,708
2002 $888 $4,304 $525 $3,238
2001 $930 $4,205 $566 $3,533
2000 $976 $4,113 $563 $3,429
1999 $979 $3,991 $582 $3,491
1998 $1,022 $3,988 $552 $3,527
1997 $970 $3,822 $751 $3,457
1996 $922 $3,645 $767 $3,372
1995 $853 $3,494 $648 $3,051
1994 $774 $3,331 $634 $3,012
1993 $757 $3,177 $605 $2,703
1992 $760 $3,036 $631 $2,651
1991 $734 $2,981 $831 $2,930
1990 $683 $2,797 $867 $2,757
1989 $675 - $840 -
1988 $673 - $816 -
1987 $650 - $726 -
1986 $604 - $693 -
1985 $838 - $649 -
1984 $982 - $757 -
1983 $882 - $959 -
1982 $930 - $1,096 -
1981 $1,001 - $1,069 -
1980 $788 - $949 -
1979 $785 - $779 -
1978 $683 - $665 -
1977 $600 - $677 -
1976 $520 - $687 -
1975 $468 - $717 -
1974 $418 - $674 -
1973 $257.2 - $579 -
1972 $261.9 - $483 -
1971 $233.4 - $406 -
1970 $221.6 - $361 -
1969 $207.1 - $346 -
1968 $195.5 - $302 -
1967 $176.1 - $294.4 -
1966 $159.3 - $278.7 -
1965 $147.1 - $294.3 -
1964 $135.2 - $281.9 -
1963 $122.6 - $277.1 -
1962 $116.2 - $275.7 -
1961 $108.5 - $279.2 -
1960 $101.8 - $276.6 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Bolivia's GDP per capita is $4,421, ranking 125/197, compared to $2,497 in Zimbabwe, ranking 148/197. Adjusted for purchasing power (GDP per capita PPP), Bolivia ranks 122nd at $12,878, while Zimbabwe ranks 154th at $5,928.

Economic indicators

Bolivia Zimbabwe
Gross domestic product
$54.9B
2024
$41.5B
2024
GDP rank
88/197
2024
102/197
2024
GDP growth
-1.12%
2023-2024
1.74%
2023-2024
GDP per capita
$4,421
2024
$2,497
2024
GDP per capita rank
125/197
2024
148/197
2024
GDP per capita, PPP
$12,878
2024
$5,928
2024
GDP per capita PPP rank
122/197
2024
154/197
2024
Government debt
$53.8B
2024
$30.3B
2024
Debt-to-GDP ratio
98%
2024
73%
2024
Government debt per person
$4,331
2024
$1,824
2024
Government debt per person rank
88/185
2024
121/185
2024
Average annual personal income after taxes
$4,720
2026
$2,897
2026
Market capitalization of domestic companies n/a
$2.46B
1999
Number of billionaires n/a
1
2025
Income share by richest 10%
31.3%
2023
40.5%
2019
Income share by poorest 10%
1.8%
2023
1.9%
2019
Government expenditure, % of GDP
39.8%
2024
12.9%
2024
Consumer prices inflation
5.1%
2023-2024
736%
2023-2024
Central bank interest rate
3.26%
2025
35%
2024
Unemployment rate
2.73%
2024
12.1%
2024
Population
12798112
17361868

Spending and national debt comparison by year

Bolivia
Spending

Debt
Zimbabwe
Spending

Debt
1x
Year % of GDP
Bolivia Zimbabwe
Government spending Government debt Government spending Government debt
2024 39.8% 98% 12.9% 73%
2023 38.7% 90.8% 15.5% 76.1%
2022 36% 80.1% 14.4% 66.8%
2021 34.8% 81.4% 12.8% 39.9%
2020 36.8% 78% 9.27% 56.8%
2019 36.1% 58.6% 9.36% 53.9%
2018 37.7% 53.1% 13.9% 33%
2017 38.6% 51.3% 19.8% 49%
2016 40% 46.5% 16.6% 35.1%
2015 44.5% 40.9% 14.7% 34.1%
2014 41.2% 37.6% 14.1% 29.2%
2013 35.4% 36.1% 14.7% 26.4%
2012 36% 35.4% 14.6% 27.2%
2011 35.4% 35.3% 16.2% 30%
2010 31.5% 37.6% 12.8% 33.2%
2009 33.2% 39.2% 7.93% 39.7%
2008 35.3% 36.8% 2.54% 41.3%
2007 32.7% 40% 3.43% 30.2%
2006 29.8% 54.4% 5.72% 26.7%
2005 33.2% 82.2% 10.5% 22.4%
2004 32.3% 89.8% - -
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/zimbabwe | CC BY

In 2024, Bolivia's government spending was $21.9B, accounting for 39.8% of its GDP, while Zimbabwe spent $5.37B, or 12.9% of GDP.

Debt-to-GDP ratio is 98% in Bolivia and 73% in Zimbabwe, ranking 26/185 and 50/185, respectively.

Government deficit by year

Deficit/surplus
Bolivia

Zimbabwe
1x
Year Deficit/surplus, % of GDP
Bolivia Zimbabwe
2024 -10.6% -1.06%
2023 -10.9% -3.9%
2022 -7.12% -3.3%
2021 -9.33% -2.24%
2020 -12.7% -0.34%
2019 -7.25% -1.72%
2018 -8.17% -3.81%
2017 -7.86% -7.37%
2016 -7.24% -4.63%
2015 -6.93% -1.45%
2014 -3.41% -0.71%
2013 0.6% -0.69%
2012 1.72% -0.13%
2011 0.83% -1.72%
2010 1.62% -0.11%
2009 2.63% -1.39%
2008 3.53% -1.2%
2007 -1.54% -1.67%
2006 4.47% -1.4%
2005 -2.24% -3.46%
2004 -5.54% -
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/zimbabwe | 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 Zimbabwe's deficit of $438M, or 1.06% of GDP.

Over the past 20 years, Bolivia recorded a fiscal deficit in 13 of those years, while Zimbabwe ran a deficit in 20 years. On average, Bolivia posted an annual deficit equal to 4% of GDP, compared to deficit of 2.11% of GDP for Zimbabwe.

Inflation comparison by year

Inflation
Bolivia

Zimbabwe
1x
Year Consumer prices inflation
Bolivia Zimbabwe
2024 5.1% 736%
2023 2.58% 667%
2022 1.75% 193.4%
2021 0.74% 98.5%
2020 0.94% 557%
2019 1.84% 255.3%
2018 2.27% 10.6%
2017 2.82% 0.9%
2016 3.62% -1.6%
2015 4.06% -2.4%
2014 5.77% -0.2%
2013 5.74% 1.6%
2012 4.52% 3.7%
2011 9.88% 3.5%
2010 2.5% 3%
2009 3.35% 6.2%
2008 14% 157%
2007 8.71% -72.7%
2006 4.28% 33%
2005 5.39% -31.5%
2004 4.44% 113.6%
2003 3.34% -8.6%
2002 0.93% -34.4%
2001 1.59% -37.2%
2000 4.61% 4.5%
1999 2.16% -13.4%
1998 7.67% -28%
1997 4.71% -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/zimbabwe | CC BY

Over the past 28 years, Bolivia has recorded an average annual inflation rate of 4.26%, compared with 93.4% in Zimbabwe. In 2024, inflation was 5.1% in Bolivia and 736% in Zimbabwe.

Top exports between countries

Bolivia
Export category Export value
Machinery & equipment $119K
Zimbabwe
Export category Export value

Balance of trade

Bolivia Zimbabwe
Current account balance
-$1.41B
2024
$501M
2024
Current account balance ranking
132/190
2024
62/190
2024
Current account balance, % of GDP
-2.56%
2024
+1.21%
2024
Goods imports
$9.15B
2024
$9.06B
2024
Goods exports
$8.93B
2024
$7.79B
2024
Service imports
$2.35B
2024
$1.66B
2024
Service exports
$1.14B
2024
$457M
2024
Imports of goods and services, % of GDP
25.5%
2024
23.4%
2024
Exports of goods and services, % of GDP
21.4%
2024
18%
2024

Economic freedom indices

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

Bolivia Zimbabwe
Economic freedom 42.4 35.2
Economic freedom ranking 184/197 190/197
Property rights 20.2 19.4
Government integrity 27.1 20.7
Judicial effectiveness 29.5 16.8
Tax burden 86.4 73.6
Government spending 56.3 93.9
Fiscal health 0.8 52.4
Business freedom 53.6 42
Labor freedom 52.2 33.3
Monetary freedom 67.1 0
Trade freedom 60.6 50.4
Investment freedom 15 10
Financial freedom 40 10

Economic freedom comparison by year

Bolivia
Zimbabwe
1x
Year Economic freedom index
Bolivia Zimbabwe
2026 42.4 35.2
2025 44.1 35.1
2024 43.5 38.2
2023 43.4 39
2022 43 33.1
2021 42.7 39.5
2020 42.8 43.1
2019 42.3 40.4
2018 44.1 44
2017 47.7 44
2016 47.4 38.2
2015 46.8 37.6
2014 48.4 35.5
2013 47.9 28.6
2012 50.2 26.3
2011 50 22.1
2010 49.4 21.4
2009 53.6 22.7
2008 53.1 29.5
2007 54.2 32
2006 57.8 33.5
2005 58.4 35.2
2004 64.5 34.4
2003 64.3 36.7
2002 65.1 36.7
2001 68 38.8
2000 65 48.7
1999 65.6 47.2
1998 68.8 44.6
1997 65.1 48
1996 65.2 46.7
1995 56.8 48.5

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

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

The Economic Freedom Index for Bolivia is 42.4, ranking 184/197, compared to 35.2 for Zimbabwe, ranking 190/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Bolivia Zimbabwe
Services, % of GDP
53.4%
2024
50.6%
2024
Industry, % of GDP
31.3%
2024
35%
2024
Agriculture, forestry, and fishing, % of GDP
8.83%
2024
8.69%
2024
GNI, Atlas method
$51.7B
2024
$39.9B
2024
GNI per capita, PPP
$12,620
2024
$5,870
2024
Total reserves including gold
$1.98B
2024
$485M
2024
Total reserves ranking
127/177
2024
157/177
2024
Net foreign direct investment
-$113M
2024
-$465M
2024
Net inflows of foreign direct investment
$387M
2024
$465M
2024
Net outflows of foreign direct investment
$133M
2024
$131M
2024
Servicing debt to the IMF, % of GNI
3.41%
2024
3.44%
2024
Poverty at national poverty lines
36.5%
2023
38.3%
2019
Gross capital formation, % of GDP
17.9%
2024
8.85%
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/zimbabwe | CC BY

Compare countries by 7 more topics

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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. TradeMap (2023, retrieved 2026-02-08)

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.