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%.
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.
Bolivia GDP from 1980 to 2024
The total market value of goods and services produced annually in Bolivia.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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 |
