Bolivia's GDP changed from approximately $3B 589M in 1980 to $49B 334M in 2024, showing an overall 1274.6% sharply increased during the period.
The lowest GDP was recorded in 1981 at $3B 440M, and the highest in 2024 at $49B 334M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 6.1%.
For comparison, the average annual growth rate of Peru was 6.2%, and that of Chile was 5.7%.
Bolivia GDP from 1980 to 2024
The total market value of goods and services produced annually in Bolivia.
Overview of Bolivia's GDP (1980–2024)
The Gross Domestic Product (GDP) of Bolivia recorded a 1274.6% sharply increased from 1980 to 2024.
The average GDP during this period was $16B 802M, and the median was $8B 385M.
GDP fluctuated within a range of $45B 894M, with a standard deviation of $14B 799M.
The average annual change was $1B 29M.
Highest and Lowest GDP Records
- Lowest GDP: 1981, $3B 440M
- Highest GDP: 2024, $49B 334M
- Most Recent GDP: 2024, $49B 334M
Notable Annual GDP Changes
- 2011: Significant increase in GDP
- 2020: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Bolivia's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $41B 193M → $36B 897M
- Outcome: sharply declined
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $13B 216M → $17B 464M
- Outcome: sharply increased
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $8B 385M → $8B 154M
- Outcome: declined
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $7B 919M → $8B 490M
- Outcome: increased
Key Economic Indicators of Bolivia (1980–2024)
| year | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
1980 | $ 3B 589M | $ 695.53 | $ 2,069.85 | $ 10B 682M | 0.61 % | -0.2 % | 15.47 % | 0 % | 5M 161K people |
1981 | $ 3B 440M | $ 615.66 | $ 2,099.12 | $ 11B 727M | 0.3 % | -8.102 % | 1.80 % | 0 % | 5M 587K people |
1982 | $ 3B 813M | $ 668.55 | $ 2,097.27 | $ 11B 962M | -3.939 % | -3.4 % | 10.38 % | 0 % | 5M 703K people |
1983 | $ 3B 609M | $ 619.90 | $ 2,048.54 | $ 11B 928M | -4.042 % | -2.8 % | 5.08 % | 0 % | 5M 822K people |
1984 | $ 3B 752M | $ 631.15 | $ 2,074.90 | $ 12B 333M | -0.201 % | -2 % | 16.78 % | 0 % | 5M 944K people |
1985 | $ 4B 59M | $ 668.92 | $ 2,061.59 | $ 12B 510M | -1.676 % | -7.3 % | 14.14 % | -4.297 % | 6M 68K people |
1986 | $ 3B 970M | $ 640.94 | $ 2,007.07 | $ 12B 433M | -2.574 % | -7.6 % | 5.44 % | 2.294 % | 6M 195K people |
1987 | $ 4B 323M | $ 683.63 | $ 2,064.39 | $ 13B 55M | 2.463 % | -9.27 % | 2.31 % | -3.739 % | 6M 324K people |
1988 | $ 4B 598M | $ 712.15 | $ 2,154.40 | $ 13B 909M | 2.91 % | -2.9 % | 6.01 % | -2.844 % | 6M 456K people |
1989 | $ 4B 716M | $ 715.52 | $ 2,276.22 | $ 15B 2M | 3.79 % | 0.7 % | 6.82 % | -2.284 % | 6M 591K people |
1990 | $ 4B 868M | $ 723.43 | $ 2,420.35 | $ 16B 285M | 4.636 % | -4.021 % | 8.51 % | -1.773 % | 6M 728K people |
1991 | $ 5B 335M | $ 776.71 | $ 2,580.14 | $ 17B 723M | 5.267 % | -4.788 % | 10.80 % | -1.529 % | 6M 869K people |
1992 | $ 5B 635M | $ 803.55 | $ 2,627.54 | $ 18B 425M | 1.646 % | -7.208 % | 9.46 % | -1.818 % | 7M 12K people |
1993 | $ 5B 724M | $ 793.65 | $ 2,726.72 | $ 19B 667M | 4.269 % | -7.321 % | 9.26 % | -3.5 % | 7M 213K people |
1994 | $ 5B 974M | $ 805.18 | $ 2,833.93 | $ 21B 25M | 4.667 % | -3.986 % | 10.72 % | -0.498 % | 7M 419K people |
1995 | $ 6B 707M | $ 886.37 | $ 2,969.52 | $ 22B 470M | 4.678 % | -5.002 % | 10.24 % | 1.112 % | 7M 567K people |
1996 | $ 7B 385M | $ 956.97 | $ 3,094.14 | $ 23B 879M | 4.361 % | -4.504 % | 11.73 % | 0.863 % | 7M 717K people |
1997 | $ 7B 919M | $ 1,006.10 | $ 3,239.04 | $ 25B 494M | 4.954 % | -6.984 % | 12.65 % | -1.007 % | 7M 871K people |
1998 | $ 8B 490M | $ 1,057.72 | $ 3,373.57 | $ 27B 77M | 5.029 % | -7.856 % | 12.82 % | -2.997 % | 8M 26K people |
1999 | $ 8B 269M | $ 1,010.58 | $ 3,370.22 | $ 27B 578M | 0.427 % | -5.907 % | 10.66 % | -1.843 % | 8M 183K people |