Bolivia is #165

Bolivia is #165 in Economic Freedom out of 176 Countries.

Every year the Heritage Foundation, a leading U.S. nonprofit, produces the Index of Economic Freedom Report and ranks how free and open each country’s economy is.

With a score of 43.5 out of 100, Bolivia is classified as:

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Evidence clearly shows that greater economic freedom leads to higher standards of living, increased job creation, improved education and healthcare, greater prosperity, and enhanced environmental stewardship.

More About Economic Freedom

What Does Being “Repressed” Mean for Bolivia?

Bolivia’s classification as "Repressed" on the Index of Economic Freedom highlights severe restrictions on economic activities and heavy government intervention, creating barriers to personal and business growth. For the average Bolivian, this environment leads to limited economic mobility, fewer opportunities for investment, and persistent financial struggles, all of which hinder efforts to improve living standards and secure financial stability.

What categories doES Bolivia DO well in?

To do well a country must score 70 or higher. Bolivia scores either "Free" or "Mostly Free" in the following 2 out of 12 categories (scores out of 100):

Tax Burden 86.9
Monetary Freedom 72.4

Reflects a generally open market environment that supports business activities and economic stability.

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Bolivia’s weakest category, Fiscal Health, scores a low 7.2 out of 100, signaling extremely high public debt and unsustainable budget deficits. This score implies a heavily strained fiscal environment where citizens may face rising taxes and inflation, which reduces purchasing power and limits public services. To address this, Bolivia could prioritize reducing public debt, implementing spending reforms, and building a more sustainable budget to reduce economic pressure on its citizens.

Investment Freedom in Bolivia scores just 15.0 out of 100, reflecting significant restrictions on both domestic and foreign investments. For Bolivians, this low score means fewer job opportunities, limited access to capital, and an uninviting climate for business growth. Improving investment freedom would require policy reforms to attract both foreign and local investments, such as reducing bureaucratic barriers and ensuring clear, consistent regulations for investors.

Property Rights in Bolivia score at 21.3 out of 100, indicating weak protections for ownership and insecure land rights. This affects citizens by discouraging property investment, leading to an unstable environment for personal and commercial property ownership. Strengthening property rights would involve reforming legal frameworks to secure property ownership, providing better support for land dispute resolution, and enhancing judicial transparency to protect citizens’ rights.

Bolivia's Score Over Time

Since 1998 Bolivia's score has mostly been on the decline.

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