Economic Growth in Bolivia
Over the past decade until 2022, Bolivia's economy recorded an average growth rate of 3.3%, which is above the 1.3% average for Latin America. In 2022, Bolivia's real GDP growth was 3.6%. For more GDP information, visit our dedicated page.
Bolivia GDP Chart
Note: This chart displays Economic Growth (GDP, annual variation in %) for Bolivia from 2014 to 2023.
Source: Macrobond.
Bolivia GDP Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Economic Growth (GDP, ann. var. %) | 2.2 | -8.7 | 6.1 | 3.6 | 3.1 |
| GDP (USD bn) | 40.8 | 36.7 | 40.4 | 44.1 | 45.1 |
| GDP (BOB bn) | 283 | 253 | 279 | 304 | 312 |
| Economic Growth (Nominal GDP, ann. var. %) | 1.5 | -10.4 | 10.3 | 8.9 | 2.6 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Bolivian GDP projections for the next ten years from a panel of 11 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable GDP forecast available for Bolivian GDP.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Bolivian GDP projections.
Want to get access to the full dataset of Bolivian GDP forecasts? Send an email to info@focus-economics.com.