With Morales Out, What’s Next For Bolivia?
Bolivia's next president faces economic challenges.
Bolivia GDP and Economic Data
Country Report 2017 - Includes Bolivia real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.
Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Bolivia economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Bolivia best banks and safest banks are also available.
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International Reserves
USD 8.9 billion (2018)
International Monetary Fund (IMF), data retrieved October 2019
Gross Domestic Product - GDP
USD 41.4 billion (2018, estimate)
GDP (Purchasing Power Parity)
Intl$ 84.1 billion (2018, estimate)
Real GDP growth
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 |
| 4.6% | 6.1% | 3.4% | 4.1% | 5.2% | 5.1% | 6.8% |
| 2014 | 2015 | 2016 | 2017* | 2018* | ||
| 5.5% | 4.9% | 4.3% | 4.2% | 4.3% |
*Estimate
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GDP - composition by sector
- agriculture: 11.5%
- industry: 26.2%
- services: 49.1
(2018 estimate)
Inflation
| 2015 | 2016 | 2017 | 2018* | 2019* |
| 4.1% | 3.6% | 2.8% | 2.3% | 1.7% |
*Estimate
Unemployment rate
| 2015* | 2016* | 2017* | 2018* | 2019* |
| 4% | 3.5% | 3.6% | 3.5% | 4% |
*Estimate
Public debt (General government gross debt as a % of GDP)
| 2015 | 2016 | 2017* | 2018* | 2019* |
| 40.9% | 46.5% | 51.3% | 53.9% | 57.7% |
*Estimate
Public deficit (General government net lending/borrowing as a % of GDP)
| 2015 | 2016 | 2017 | 2018* | 2019* |
| -6.9% | -7.2% | -7.8% | -8.1% | -7.8% |
*Estimate
Government bond ratings
Standard & Poor's: BB-
Moody's: Ba3
Standard & Poor's / Moody's (Updated October 2019)
Source
Market value of publicly traded shares
| 2013 | 2014 | 2015 |
| N/A | N/A | N/A |
Source
Current account balance by percentage of GDP
-4.9 % (2018 estimate)
Exports as percent of GDP (Exports of goods and services)
26% (2018)
Shares in world total merchandising export
0.05% (2018)
Shares in world total commercial services export
0.03% (2018)
Export commodities
Natural gas, silver, zinc, lead, tin, gold, quinoa, soybeans and soy products
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Import commodities
Machinery, petroleum products, vehicles, iron and steel, plastics
Exports - major partners
Brazil 17.9%, Argentina 16%, US 7.8%, Japan 7.3%, India 6.6%, South Korea 6.3%, Colombia 5.8%, China 5.1%, UAE 4.7% (2017)
Imports - major partners
China 21.7%, Brazil 16.8%, Argentina 12.6%, US 8.4%, Peru 6.5% (2017)
FDI inflows
| 2016 | 2017 | 2018 |
| USD 335 million | USD 712 million | USD 255 million |
FDI outflows
| 2016 | 2017 | 2018 |
| USD 89 million | USD 80 million | USD -89 million |
Value of cross-border M&A, by country of purchaser
| 2015 | 2016 | 2017 | 2018 |
| N/A | N/A | N/A | USD 3.5 million |
Cross-border M&A deals worth over $3 billion completed in 2014
N/A
(for a monthly update on M&A; click here )
Cross-border M&A deals worth over $3 billion completed in 2015
N/A
(for a monthly update on M&A; click here )
Best countries for doing business
Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.
Overall ranking:
150 out of 190 countries
Subcategories:
Starting a Business: 175 out of 190 countries
Dealing with Construction Permits: 139 out of 190 countries
Getting Electricity: 96 out of 190 countries
Registering Property: 148 out of 190 countries
Getting Credit: 144 out of 190 countries
Protecting Minority Investors: 136 out of 190 countries
Paying Taxes: 186 out of 190 countries
Trading across Borders: 100 out of 190 countries
Enforcing Contracts: 109 out of 190 countries
Resolving Insolvency: 103 out of 190 countries
World Bank - Doing Business 2019
Source
Global competitiveness ranking
107 out of 141 countries
(2019)
Index of Economic Freedom
Ranking: 173 / Score: 42.3 (Repressed)
(100=totally free 0=totally repressed)
Source
Source
Capital
La Paz (administrative capital); Sucre (constitutional [legislative and judicial] capital)
Source
Languages
Spanish (official) 60.7%, Quechua (official) 21.2%, Aymara (official) 14.6%, foreign languages 2.4%, Guarani (official) 0.6%, other native languages 0.4%, none 0.1% (2001 est.)
Religions
Roman Catholic 76.8%, Evangelical and Pentecostal 8.1%, Protestant 7.9%, other 1.7%, none 5.5% (2012 est.)
Total population
| 1990 | 2000 | 2010 | 2015* | 2020* |
| 6.73 million | 8.34 million | 9.92 million | 10.9 million | 11.72 million |
*Estimate
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Urban population as % of total population
| 1960 | 1980 | 2000 | 2018 |
| 36.8% | 45.5% | 61.8% | 69.4% |
Literacy
Total population: 92.5%
Male: 96.5%
Female: 88.6%
Definition: age 15 and over can read and write (2015 est.)
% of population living on less than $3.10 a day
11.8% (last available estimate, 2017)
Inequality of wealth distribution (Gini index)
44 (last available estimate, 2017)
(0=perfect equality, 100=absolute inequality)
Source
Freedom House rating
Partly Free
Political Rights: 3
Civil Liberties: 3 (2019)
(1 represents the most free, 7 the least free rating)"
(1 represents the most free, 7 the least free rating)
Source
Total telephone subscribers as % of population
Fixed: 6.3% Mobile: 100.8% (2018)
(fixed-telephone subscribers and mobile-cellular subscribers)