Bolivia's gross Value Added (GVA) at basic prices (current LCU) was 354.38 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 107.23% from 171.01 billion in 2014 (7.56% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 354.38 billion | 2024 |
| Five years earlier | 309.97 billion | 2019 |
| Ten years earlier | 171.01 billion | 2014 |
| Highest | 354.38 billion | 2024 |
| Lowest | 11,339 | 1970 |
| Average since 2015 | 285.77 billion | 2015–2024 |
| First recorded | 11,339 |
What the numbers say
In 2024, Bolivia's gross Value Added (GVA) at basic prices (current LCU) rose 5.5% on 2023 (from 335.92 billion to 354.38 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +9.9% and a typical year strayed about 9.3% from that (the standard deviation). This year's change was 0.5 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 11,843.5% in 1985 and the biggest yearly fall was 13% in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is upward, about 17.03 billion a year. A straight line explains 76% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
A straight-line projection, tested first
Extending that straight line gives about 421.29 billion for 2027. We show this only because the same method, fitted on earlier years, predicted 2022 to 2024 better than "no change" would have: its average miss was 22.39 billion, against 34.82 billion for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.
See how a linear trend forecast works and the guide on forecasting without fooling yourself.
How it compares
In 2024, Bolivia had the 10th highest value of the 31 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Bolivia in the 2024 ranking
- Cuba — 7th of 31: 1.07 trillion
- Peru — 8th of 31: 1.01 trillion
- Macao SAR, China — 9th of 31: 384.54 billion
- Bhutan — 11th of 31: 272.56 billion
- Trinidad and Tobago — 12th of 31: 163.69 billion
- Tajikistan — 13th of 31: 141.26 billion
What this measures
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 55 values
| Year | Gross Value Added (GVA) at basic prices (current LCU) |
|---|---|
| 2024 | 354,382,040,900 |
| 2023 | 335,923,439,600 |
| 2022 | 329,372,524,800 |
| 2021 | 305,075,838,800 |
| 2020 | 269,516,704,400 |
| 2019 | 309,967,322,200 |
| 2018 | 301,645,831,400 |
| 2017 | 283,630,981,400 |
| 2016 | 191,802,301,700 |
| 2015 | 176,390,755,900 |
Gross Value Added (GVA) at basic prices (current LCU) in nearby economies
- Antigua and Barbuda — 5.58 billion (2025)
- Argentina — 716.75 trillion (2025)
- Aruba — 5.85 billion (2023)
- Bahamas, The — 13.83 billion (2024)
- Barbados — 14.37 billion (2025)
- Belize — 5.44 billion (2024)
- Brazil — 10.95 trillion (2025)
- Cayman Islands — 6.12 billion (2024)
- Chile — 307.31 trillion (2025)
- Colombia
More economic policy & debt data for Bolivia
- Total reserves, including gold (current US$) — US$579.91 million (2025)
- Total reserves, excluding gold (current US$) — US$579.91 million (2025)
- GDP (current US$) — US$64.77 billion (2025)
- GDP (current LCU) — 447.55 billion (2025)
- GDP (constant 2015 US$) — US$37.21 billion (2025)
- GDP (constant LCU) — 329.37 billion (2025)
- GDP per capita (current US$) — US$5,148 (2025)
- GDP per capita (current LCU) — 35,571 (2025)
- GDP per capita (constant 2015 US$) — US$2,957 (2025)
- GDP per capita (constant LCU) — 26,178 (2025)
- General government final consumption expenditure (current US$)
Reading data like this
Questions people ask
- What is Bolivia's gross Value Added (GVA) at basic prices (current LCU)?
- 354.38 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1970?
- It is up 3.13 billion% from 11,339 in 1970 (37.66% a year on average, compounded). The highest value was 354.38 billion in 2024 and the lowest 11,339 in 1970.
Source
World Bank, World Development Indicators, indicator NY.GDP.FCST.CN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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