Latin America, Caribbean 2014 Growth Likely Reached Only 1.1%

Growth in Latin America and the Caribbean likely reached only 1.1% this year, the slowest rate of expansion since 2009, but will jump back up to twice as high next year, the United Nations Economic Commission for Latin America and the Caribbean said. Among the stars in terms of growth for next year, the Eclac forecasts that Panama will expand 7.0%, Bolivia by 5.5%, and the Dominican Republic, Peru and Nicaragua by 5.0%.

 
 
Source
Central bank

Central Bank of Bolivia

International Reserves

US$ 14.429 billion (Source: World Bank; Data updated: 2013)

Gross Domestic Product - GDP

US$ 34 billion (2014 estimate)

GDP (Purchasing Power Parity)

70 billion of International dollars (2014 estimate)

Real GDP growth
2003 2004 2005 2006 2007 2008 2009 2010
2.7% 4.2% 4.4% 4.8% 4.6% 6.1% 3.4% 4.1%
2011 2012 2013 2014*        
5.2% 5.2% 6.8% 5.2%        

*Estimate

GDP per capita - current prices

US$ 3,031 (2014 estimate)

GDP per capita - PPP

6,222 International Dollars (2014 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2014*
0.08% 0.06% 0.06% 0.06% 0.07%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 9.2% 
  • industry: 38.5% 
  • services: 52.3% (2013 estimate)
Gross domestic expenditure on R&D; (% of GDP)

N/A

Inflation
2011 2012 2013 2014*
9.9% 4.5% 5.7% 6.0%

*Estimate

Unemployment rate
2011 2012 2013 2014*
6.5% 6.4% 6.4% 6.3%

*Estimate

Household saving rates

N/A

Public debt (General government gross debt as a % of GDP)
2010 2011 2012 2013 2014*
38.5% 34.7% 33.4% 32.6% 29.8%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2010 2011 2012 2013 2014*
1.7% 0.8% 1.8% 0.7%

-0.4%

*Estimate   

Government bond ratings

Standard & Poor's: BB

Moody's rating: Ba3

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Sept 2014)

Market value of publicly traded shares
2011 2012 2013
US$6.089 billion US$7.689 billion US$9.684 billion
Largest companies in Bolivia

N/A

 
 
Source
Current account balance

US$ 1.233 billion (2014 estimate)

Current account balance by percentage of GDP

3.667% of GDP (2014 estimate)

Exports as percent of GDP(Exports of goods and services)

47.3% (2012)

(Data released on October 2014)

Shares in world total merchandising export

0.06% (2012)

 

Shares in world total commercial services export

0.02% (2012)

 

Total exports

US$12.160 billion (2013 estimate) 

Export commodities

natural gas, soybeans and soy products, crude petroleum, zinc ore, tin

Total imports

US$9.282 billion (2013 estimate) 

 
 
Source
Import commodities

petroleum products, plastics, paper, aircraft and aircraft parts, prepared foods, automobiles, insecticides

Exports - major partners

Brazil 41.8%, US 18.4%, Argentina 7.3%, Peru 4.9% (2012)

Imports - major partners

Chile 21.3%, Brazil 20.3%, Argentina 10.9%, US 10.1%, Peru 6.5%, Venezuela 6.2%, China 4.9% (2012)

FDI inflows
 
2011 2012 2013
US$859 million US$1,060 million US$1,750 million
FDI outflows
2011 2012 2013  
US$0 million US$0 million US$ 0 million   
Value of cross-border M&A; by country of purchaser
2010 2011 2012 2013
US$ 0 US$ 0 US$ 2 million US$ 0
Cross-border M&A; deals worth over $3 billion completed in 2012(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Cross-border M&A; deals worth over $3 billion completed in 2013(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Best countries for doing business World Bank/IFC Doing Business Project

Economies are ranked on their ease of doing business, from 1 - 189. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 162 out of 189 countries (2013)

Subcategories:

Starting a business: 180 out of 189 countries

Enforcing Contracts: 131 out of 189 countries

Registering Property: 144 out of 189 countries

Getting credit: 130 out of 189 countries

Protecting investors: 138 out of 189 countries

Trading across border: 126 out of 189 countries

Paying Taxes: 185 out of 189 countries

Dealing with Construction Permits: 136 out of 189 countries

Getting Electricity: 128 out of 189 countries

Resolving Insolvency: 67 out of 189 countries

(2013)

Global competitiveness ranking(ranking by country on a basis of 144, the first is the best)

105

(2014-2015)

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 158 Score: 48.4 (Repressed) (2014)

(100=totally free 0=totally repressed )

 
 
Source
Time zone

UTC-4

Total area

1,098,581 sq km

Capital

 La Paz (administrative capital); Sucre (constitutional capital)

Currency

bolivianos (BOB)

Government type

republic; note - the new constitution defines Bolivia as a "Social Unitarian State"

Languages

Spanish (official) 60.7%, Quechua (official) 21.2%, Aymara (official) 14.6%, Guarani (official), foreign languages 2.4%, other 1.2%    note: Bolivia's 2009 constitution designates Spanish and all indigenous languages as official; 36 indigenous languages are specified, including some that are extinct (2001 census)

Religions

Roman Catholic 95%, Protestant (Evangelical Methodist) 5%

Total population
1990 2000 2010 2014* 2019**
6.514 million 8.428 million 10.426 million 11.246 million 12.356 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2013
36.8% 45% 62% 68%
Population median age

23.4 years (2014 est.)

Population growth rate

1.6% (2014 est.)

Life expectancy

68.55 years (2014 estimate)

Adult literacy

 91.2% (2009 est.)

% of population living on less than $2 a day

12.7% (2012)

Inequality of wealth distribution (Gini index)

46.6 (2012)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights: 3
Civil Liberties: 3 (2014)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

Fixed 8.2%   Mobile 97.7%
(2013)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

39.50% (2013)

Cost of living - Mercer index(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

La Paz 204th (2014)

CO2 emissions(Metric tons of CO2 per capita)

1.5 (2010)

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World's Best Banks

2013

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