Services, value added (% of GDP) in Bolivia
Bolivia: Services, value added (% of GDP) was 53.4% in 2024. ▲ Rising
Services, value added in Bolivia, 1970–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
In 2024, services, value added in Bolivia stood at 53.4%.
That represents a change of down 0.8% on the previous year and up 28.7% over ten years.
Over the whole period, services, value added in Bolivia peaked at 55.8% in 2020 and was at its lowest, 40.0%, in 1974.
That places Bolivia 132nd out of 206 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
Services, value added (% of GDP) in Bolivia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 44.3% | — |
| 1971 | 46.2% | +4.3% |
| 1972 | 43.8% | -5.2% |
| 1973 | 41.5% | -5.2% |
| 1974 | 40.0% | -3.7% |
| 1975 | 44.8% | +11.9% |
| 1976 | 45.7% | +2.2% |
| 1977 | 45.3% | -1.1% |
| 1978 | 46.7% | +3.2% |
| 1979 | 48.0% | +2.8% |
| 1980 | 44.7% | -6.9% |
| 1981 | 44.5% | -0.5% |
| 1982 | 44.9% | +0.9% |
| 1983 | 42.5% | -5.5% |
| 1984 | 43.2% | +1.7% |
| 1985 | 43.4% | +0.5% |
| 1986 | 44.3% | +2.0% |
| 1987 | 46.7% | +5.5% |
| 1988 | 46.1% | -1.3% |
| 1989 | 46.4% | +0.7% |
| 1990 | 46.1% | -0.7% |
| 1991 | 46.6% | +1.1% |
| 1992 | 47.5% | +2.0% |
| 1993 | 48.9% | +3.0% |
| 1994 | 48.3% | -1.3% |
| 1995 | 46.7% | -3.3% |
| 1996 | 47.5% | +1.7% |
| 1997 | 49.2% | +3.6% |
| 1998 | 51.7% | +5.1% |
| 1999 | 54.2% | +4.8% |
| 2000 | 52.2% | -3.8% |
| 2001 | 52.7% | +0.9% |
| 2002 | 52.3% | -0.7% |
| 2003 | 51.3% | -1.9% |
| 2004 | 49.3% | -3.9% |
| 2005 | 46.8% | -5.0% |
| 2006 | 43.1% | -7.9% |
| 2007 | 42.5% | -1.4% |
| 2008 | 40.5% | -4.7% |
| 2009 | 43.5% | +7.4% |
| 2010 | 43.6% | +0.1% |
| 2011 | 41.0% | -5.8% |
| 2012 | 40.4% | -1.4% |
| 2013 | 40.2% | -0.6% |
| 2014 | 41.5% | +3.1% |
| 2015 | 46.0% | +10.9% |
| 2016 | 49.8% | +8.3% |
| 2017 | 51.5% | +3.4% |
| 2018 | 52.3% | +1.6% |
| 2019 | 53.3% | +1.9% |
| 2020 | 55.8% | +4.6% |
| 2021 | 52.6% | -5.8% |
| 2022 | 52.9% | +0.6% |
| 2023 | 53.8% | +1.8% |
| 2024 | 53.4% | -0.8% |
Bolivia compared with similar countries
- Bolivia's 53.4% is above the median for lower middle income countries, which is 51.2%, 1.0× the median. (47 countries reporting)
- Bolivia's 53.4% is below the median for Latin America & Caribbean, which is 59.8%, 89% of the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 44.6% | 40.0% | 48.0% | 10 |
| 1980s | 44.7% | 42.5% | 46.7% | 10 |
| 1990s | 48.7% | 46.1% | 54.2% | 10 |
| 2000s | 47.4% | 40.5% | 52.7% | 10 |
| 2010s | 46.0% | 40.2% | 53.3% | 10 |
| 2020s | 53.7% | 52.6% | 55.8% | 5 |
Countries ranked near Bolivia
More economy & growth data for Bolivia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.9744 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.3 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 517.25 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0006 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 3.14 units per person (2025)
- SDRs holdings, SDR, annual growth rate 487.79 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0004 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 2.29 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0045 units per US$ of GDP (2025)
Frequently asked questions
- What is services, value added in Bolivia?
- Services, value added in Bolivia was 53.4% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Bolivia?
- The highest recorded value was 55.8% in 2020.
- What is the lowest services, value added recorded in Bolivia?
- The lowest recorded value was 40.0% in 1974.
- How does Bolivia rank for services, value added?
- Bolivia ranks 132nd out of 206 countries with data for 2024.
- Is services, value added rising or falling in Bolivia?
- Over the last ten years it is up 28.7%. The long-run trend across the full record is rising.
- Where does this Bolivia data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Services, value added (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.