Bolivia Economy

Economic growth:

The economy recorded average annual growth of 3.5% in the decade to 2022. To read more about GDP growth in Bolivia, go to our dedicated page.

Fiscal policy:

Bolivia's fiscal deficit averaged 6.1% of GDP in the decade to 2022. Find out more on our dedicated page.

Unemployment:

The unemployment rate averaged 5.0% in the decade to 2022. For more information on Bolivia's unemployment click here.

Inflation:

Inflation averaged 3.1% in the decade to 2022. Go to our Bolivia inflation page for extra insight.

Monetary Policy:

Bolivia's monetary policy rate ended 2022 at 7.76%, down from 11.13% a decade earlier. See our Bolivia monetary policy page for additional details.

Exchange Rate:

From end-2012 to end-2022 the boliviano strengthened by 1.4% vs the U.S. dollar. For more info on the boliviano, click here.

Annual GDP growth likely remained subdued in Q2–Q3. Both crude oil and natural gas production fell by roughly 9% in April–July, and merchandise exports tumbled by nearly two-fifths in April–August. Moreover, average inflation hit a multi-year high, likely straining consumer spending. Woes mounted in July, with the onset of protests over fuel and U.S. dollar shortages disrupting supply chains. Further, burning wildfires have engulfed nearly 7 million hectares as of late Q3, forcing the government to declare a national emergency in September. The extent of the economic—and health—toll will be uncertain for some time, although it is likely to be severe, hurting agriculture, exports and tourism. More positively, the authorities penned a USD 970 million deal with a Russian firm to develop a lithium-extraction plant in September; extraction will start in H2 2025, boding well for exports.

Projections out to 2034.

44 indicators covered including both annual and quarterly frequencies.

Consensus Forecasts based on a panel of 11 expert analysts.

Want to get insight on the economic outlook for Bolivia in the coming years? FocusEconomics collects projections out to 2034 on 44 economic indicators for Bolivia 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. This means you avoid the risk of relying on out of date, biased or outlier forecasts. Our Consensus Forecasts can be visualized in whichever way best suits your needs, including via interactive online dashboards , direct data delivery and executive-style reports which combine analysts' projections with timely written analysis from our in-house team of economists on the latest developments in the Bolivia economy. To download a sample report on the Bolivia's economy, click here. To get in touch with our team for more information, fill in the form at the bottom of this page.