Countries > Bolivia > Economy. Between 1998 and 2002, Bolivia experienced a financial crisis. The country's GDP grew an average of 4.8% a year from 2004 to 2017, while the percentage of the population living in … Download Historical Data Save as Image. The GDP value of Bolivia represents 0.03 percent of the world economy. 2019 ; Economic Growth (GDP, annual variation in %) 4.9 : 4.3 : 4.2 : 4.2 : 2.2 : Sample Report. The Trading Economics Application Programming Interface (API) provides direct access to our data. Annual percentage growth rate of GDP at market prices based on constant local currency. Menu. Bolivian coca cultivation jumped by 10% in 2019, UN says A U.N. agency says coca cultivation jumped 10% in Bolivia in 2019, the final year of … GDP From Services in Bolivia decreased to 839700 BOB Thousand in the second quarter of 2020 from 900972 BOB Thousand in the first quarter of 2020. source: Instituto Nacional de … Publish your articles and forecasts in our website. The consequences can be seen in Bolivia’s rising deforestation rate, which has roughly doubled under Morales (comparing 2016-2018 with 2003-2005). An estimated 40 percent of the country's workforce is employed in the agricultural sector, although the industry contributes a relatively small amount to Bolivia's gross domestic product. Bolivia gdp for 2019 was $40.90B, a 1.51% increase from 2018. Direct access to our calendar releases and historical data. services: 48.2% (2017 est.) In brief. Bolivia Economic Outlook. Browse by Country or Indicator. The president, Luis Arce of the left-wing Movimiento al Socialismo (MAS), took office on November 8th. (212) 419-8286 industry: 37.8% (2017 est.) Source: National Statistical Institute and FocusEconomics calculations. Bolivia gdp for 2017 was $37.51B, a 10.51% increase from 2016. Real GDP at Constant National Prices for the Plurinational State of Bolivia Millions of 2011 U.S. Close. High commodity prices between 2010 and 2014 sustained rapid growth and large trade surpluses with GDP growing 6.8% in 2013 and 5.4% in 2014. The same Evo Morales, in his annual management report given on January 22, 2019, highlighted the growth of 327% of Bolivia's nominal GDP. The population of Bolivia living under the poverty line was 17.4% according to the 2014 statistics. India’s economy is the fifth-largest in the world with a GDP of $2.94 trillion, overtaking the UK and France in 2019 to take the fifth spot. The latest value from 2019 is 29.7 billion U.S. dollars. He has won plaudits for fighting poverty and improving Bolivia's economy but drew controversy by defying constitutional limits to run We have launched our mobile APP get it now. Bolivia: Gross Domestic Product, billions of 2010 U.S. dollars: For that indicator, we provide data for Bolivia from 1960 to 2019. India, Japan, and Indonesia are third, fourth and fifth largest contributer, respectively. In 2019, real GDP growth for Bolivia was 2.8 %. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. GDP per Capita in the Plurinational State of Bolivia (with a population of 11,192,855 people) was $2,491 in 2017, an increase of $65 from $2,426 in 2016; this represents a change of 2.7% in GDP per capita. Current Account to GDP in Bolivia averaged -1.73 percent from 1980 until 2019, reaching an all time high of 12.10 percent in 2008 and a record low of -9.30 percent in 1987. Bolivia’s real per capita GDP has grown at double the rate for Latin America and the Caribbean (LAC) since 2006. Dân số ước lượng (2019) ... (GDP) năm 2016 của Bolivia đạt 35.699 tỷ dollar Mỹ, đứng thứ 95 thế giới và đứng thứ 15 khu vực Mỹ Latin. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. Bolivia Economic Outlook. Bolivia’s unemployment was nearly halved (from 7.7 percent to 4.4 percent) in 2008, and has continued at roughly around that level through 2018. President Morales was elected to a second full term in office in 2014. Note: Annual variation of gross domestic product (GDP) in %. World … Tăng trưởng kinh tế khoảng 2.5% mỗi năm và lạm phát được cho ở mức 3% tới 4% năm 2002 (tỷ lệ này năm 2001 dưới 1%). Fact Sheet - Bolivia Coca Cultivation Monitoring report, 2019 Variables Source 2018 2019 % Change 2018-2019 Area ... 8 Calculated from the 2018 and 2019 GDP (INE), corresponding to USD 40,0 and 40,6 billion respectively. © World Economics Limited. In 2019, GDP for Bolivia was 42.4 billion US dollars. Bolivia GDP (Gross Domestic Product) was INT$81.54billion for 2019 in PPP terms. Bolivia gdp growth rate for 2018 was 4.22%, a 0.03% increase from 2017. In 2018 Bolivia was the number 95 economy in the world in terms of GDP (current US$), the number 90 in total exports, the number 109 in total imports, and the number 108 most complex economy according to the Economic Complexity Index (ECI). Bolivia gdp for 2018 was $40.29B, a 7.41% increase from 2017. After 1986, Bolivian economy began to grow again. GDP From Construction in Bolivia increased to 715139 BOB Thousand in the fourth quarter of 2019 from 589876 BOB Thousand in the third quarter of 2019. Category: Countries > Bolivia, Plurinational State of, 27 economic data series, FRED: Download, graph, and track economic data. How Bolivian Leader Evo Morales Cut Poverty — But Lost The People's Trust : Goats and Soda After a controversial reelection in October, the Bolivian leader has sought asylum in Mexico. Bolivia’s economic freedom score is 42.8, making its economy the 175th freest in the 2020 Index. Bolivia's Problem Is Macroeconomics, Not Socialism . The latest value from 2019 is 2579.9 U.S. dollars. The statistic shows gross domestic product (GDP) in Bolivia from 1984 to 2018, with projections up until 2021. Gross domestic product 2019 (millions of Ranking Economy US dollars) ARM 131 Armenia 13,673 GIN 132 Guinea 13,590 BRN 133 Brunei Darussalam 13,469 NER 134 Niger 12,928 BHS 135 Bahamas, The 12,827 MKD 136 North Macedonia 12,695 NIC 137 Nicaragua 12,521 NAM 138 Namibia 12,367 MDA … From 1977 to 1986, Bolivia lost almost all the gains in GDP per capita that it had achieved since 1960." Countries that rely on commodities, external financing and currency pegs are … Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Over the last 20 years, GDP of Bolivia grew substantially from 8.39 to 42.4 billion US dollars rising at an increasing annual rate that reached a maximum of 27.06% in 2008 and then decreased to 4.48% in 2019. The global decline in oil prices that began in late 2014 exerted downward pressure on the price Bolivia receives for exported gas and resulted in lower GDP growth rates - 4.9% in 2015 and 4.3% in 2016 - and losses in government revenue as well as fiscal and trade deficits. Top Losers in 2019: Out of 193 economies estimated by IMF, GDP of 72 economies has decreased in 2019 compare to 2018. Bolivia Facts. November 10, 2020. All rights reserved.Terms & Conditions. Over the last 20 years, GDP of Bolivia grew substantially from 8.39 to 42.4 billion US dollars rising at an increasing annual rate that reached a maximum of 27.06% in 2008 and then decreased to 4.48% in 2019. Download Historical Data Save as Image. GDP - composition by sector: agriculture: 13.8% (2017 est.) GDP (nominal) of United States has increased by $859 billion in 2019 followed by China with $772 billion. Additionally, Bolivia's foreign exchange reserves have decreased, from $13 billion in 2014 to under $4 billion now, according to the Financial Times. Or Call us on- 9354229384, 9354252518, 9999830584. Bolivia’s unemployment was nearly halved (from 7.7 percent to 4.4 percent) in 2008, and has continued at roughly around that level through 2018. Definition: This entry shows where production takes place in an economy. February 22, 2019, 8:00 AM EST 4:45. Bolivia gdp for 2016 was $33.94B, a 2.85% increase from 2015. November 26, 2019 3:17 PM ET. While the main drivers of Bolivian growth had already begun to decelerate, the political crisis triggered in the aftermath of the October 2019 presidential elections will amplify the slowdown in 2020. Bolivia has recently held investment at very high levels as compared to the past, with investment averaging 21.8 percent of GDP annually in the past five years (2014–2018). It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. November 10, 2020. Dollars, Annual, Not Seasonally Adjusted 1950 to 2017 (2019-06-11) Gross Domestic Product Per Capita for the Plurinational State of Bolivia {"2005":4282950.12, "2006":4488408.38, "2007":4693274.32, "2008":4981840.59, "2009":5149093.20, "2010":5361573.91, "2011":5638978.01, "2012":5927806.46, "2013":6330660.19, "2014":6676377.54, "2015":7000649.20, "2016":7299156.88, "2017":7605356.52, "2018":7932386.85, "2019":8154493.68}, [{"1945":13.35, "1946":13.59, "1947":13.83, "1948":14.13, "1949":14.42, "1950":14.72, "1951":15.76, "1952":16.23, "1953":14.70, "1954":15.00, "1955":15.80, "1956":14.86, "1957":14.37, "1958":14.71, "1959":14.66, "1960":13.25, "1961":13.49, "1962":14.34, "1963":15.31, "1964":16.04, "1965":16.78, "1966":17.96, "1967":19.42, "1968":16.78, "1969":17.29, "1970":17.06, "1971":17.93, "1972":19.35, "1973":20.47, "1974":21.07, "1975":22.61, "1976":23.65, "1977":24.83, "1978":25.34, "1979":25.37, "1980":25.02, "1981":25.25, "1982":24.15, "1983":23.07, "1984":22.94, "1985":22.71, "1986":22.15, "1987":22.72, "1988":23.40, "1989":24.28, "1990":25.41, "1991":26.75, "1992":27.19, "1993":28.35, "1994":29.67, "1995":31.06, "1996":32.42, "1997":34.02, "1998":35.73, "1999":35.88, "2000":36.78, "2001":37.40, "2002":38.33, "2003":39.37, "2004":41.02, "2005":42.83, "2006":44.88, "2007":46.93, "2008":49.82, "2009":51.49, "2010":53.62, "2011":56.39, "2012":59.28, "2013":63.31, "2014":66.76, "2015":70.01, "2016":72.99, "2017":76.05, "2018":79.32, "2019":81.54}], {"1971":5.1, "1972":8.0, "1973":5.7, "1974":2.9, "1975":7.3, "1976":4.6, "1977":5.0, "1978":2.1, "1979":0.1, "1980":-1.4, "1981":0.9, "1982":-4.4, "1983":-4.5, "1984":-0.6, "1985":-1.0, "1986":-2.5, "1987":2.6, "1988":3.0, "1989":3.8, "1990":4.6, "1991":5.3, "1992":1.6, "1993":4.3, "1994":4.7, "1995":4.7, "1996":4.4, "1997":5.0, "1998":5.0, "1999":0.4, "2000":2.5, "2001":1.7, "2002":2.5, "2003":2.7, "2004":4.2, "2005":4.4, "2006":4.8, "2007":4.6, "2008":6.1, "2009":3.4, "2010":4.1, "2011":5.2, "2012":5.1, "2013":6.8, "2014":5.5, "2015":4.9, "2016":4.3, "2017":4.2, "2018":4.3, "2019":2.8}. ... 2019; Bolivians took to the streets after President Evo Morales announced his resignation. Bolivia gdp growth rate for 2017 was 4.20%, a 0.07% decline from 2016. The average value for Bolivia during that period was 12.2 billion U.S. dollars with a minimum of 3.7 billion U.S. dollars in 1960 and a maximum of 29.7 billion U.S. dollars in 2019. Data are in current U.S. dollars. February 22, 2019, 8:00 AM EST ... (relative to the size of its economy), the amount that Bolivia’s government owes in foreign currencies has approximately quintupled since 2007. The report includes country-specific three-year forecasts for major macroeconomic indicators, including commodity and financial markets. During the commodities supercycle, Bolivia’s economy expanded, and poverty declined. Bolivia, Real GDP Per Capita (in 1990 Bolivianos) 7 7 0 0 0 0 0 0 0 0 0 0 0 P 0 Source: IMF (2019). Despite a series of mostly political setbacks, between 2006 and 2009 the Morales administration has spurred growth higher than at any point in the preceding 30 years. Bolivia gdp per capita for 2017 was $3,351, a 8.92% increase from 2016. 42.40 (billion US dollars) in 2019. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy. The last Article IV Executive Board Consultation was on November 9, 2018. The quality of economic data across Asia-Pacific region varies considerably across countries, mainly as a result of lack of statistical capacity. The global decline in oil prices that began in late 2014 exerted downward pressure on the price Bolivia receives for exported gas and resulted in lower GDP growth rates - 4.9% in 2015 and 4.3% in 2016 - and losses in government revenue as well as fiscal and trade deficits. Bolivia GDP - composition by sector. Turning to Q3, available data paints a still-downbeat picture. Economic activity contracted more sharply in August, with the construction, transport and mining sectors hit the hardest. The GDP of Bolivia grew by 4.85% in 2016. Bolivia Global Economic Prospects examines trends for the world economy and how they affect developing countries. A country of extremes, landlocked Bolivia is the highest and most isolated country in South America. Bolivia's estimated 2012 gross domestic product (GDP) totaled $27.43 billion at official exchange rate and $56.14 billion at purchasing power parity. Due to India’s high population, India’s GDP per capita is $2,170 (for comparison, the U.S. is $62,794). We assume that he will continue the interventionist policies that marked his time as economy minister under Evo Morales (2006-19), but that he will take a more pragmatic approach when tackling Bolivia's deep external and fiscal imbalances. Bolivia gdp per capita for 2019 was $3,552, a 0.1% increase from 2018. Download. GDP From Construction in Bolivia averaged 251808.67 BOB Thousand from 1990 until 2019, reaching an all time high of 721087 BOB Thousand in the fourth quarter of 2018 and a record low of 2496 BOB Thousand in the fourth quarter of 1999. When the supercycle ended, the country relied on substantial public spending and increasing domestic credit to maintain strong economic growth despite the decline in gas prices and export volumes beginning in 2014. Listed below are items related to Bolivia. The use of different national income standards across Europe has an impact on cross-country comparability and in some cases leads to an underestimation of GDP. Bolivia GDP Chart. , Luis Arce of the latest value from 2019 is 2579.9 U.S. dollars in PPP $ 824.. A 0.1 % increase from 2018 is $ 10.51 trillion, exceeding that of Japan and.... Capita GDP has grown at double the rate for Latin America and Caribbean...: world Bank 10Y 25Y bolivia GDP for bolivia was 42.4 billion US dollars $,... 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The country’s economic growth was estimated at 5.2% while the inflation rate was at 4.5%. GDP PPP based on: 2011 International Dollars. Bolivia gdp per capita for 2018 was $3,549, a 5.89% increase from 2017. In 2018, Global Forest Watch rated Bolivia as the fifth most deforested country in the world. Updated as of 2019. Most American countries use a national income accounting standard that fails to record the informal economy. Turning to Q3, available data paints a still-downbeat picture. GDP Growth Rate in 2017 was 4.20%, representing a change of 1,122,573,153 US$ over 2016, when Real GDP was $26,758,468,587. Bolivia gdp growth rate for 2017 was 4.20%, a 0.07% decline from 2016. Dataset: Bolivia’s economic freedom score is 42.8, making its economy the 175th freest in the 2020 Index. Bolivia Coronavirus Deaths at 8972.00 Persons, Bolivia Coronavirus Cases at 144810.00 Persons, Bolivia Coronavirus Recovered at 123673.00 Persons, Bolivia Current Account to GDP at -3.40 percent, Bolivia Government Debt to GDP at 57.70 percent, Deposit Interest Rate in Bolivia at 3.18 percent, Ease of Doing Business in Bolivia at 150.00, Bolivia Bank Lending Rate at 5.83 percent, Bolivia Balance of Trade at 7.62 USD Million, Oil Rallies after OPEC Announce Production Cut, Uruguay Inflation Rate Eases to 8-Month Low, Armenia Inflation Rate Rises to 1.6% in November, South Africa Stocks End at Over 10-Month High. The estimated gross domestic product (GDP) for Bolivia totaled $35.69 billion at the official exchange rate and $78.35 billion by PPP. The Gross Domestic Product (GDP) in Bolivia was worth 40.90 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. (Source: IMF) Bolivia is currently our 98th largest goods trading partner with $1.0 billion in total (two way) goods trade during 2019. GDP shrank at a record annual pace of 21.7% in Q2 (Q1: +0.6% yoy) amid plunging domestic demand and collapsing exports due to the Covid-19 fallout. The Bolivian economy seems rather strong in appearance: a sustained growth, an inflation under control (1.8% in 2019 and 2.3% in 2020 - April 2020 World Economic Outlook IMF), a public debt which remains relatively low (57.7% of GDP) and large currency reserves. Bolivia gdp growth rate for 2019 was 2.22%, a 2.01% decline from 2018. ... 1960 - 2019 GDP per capita growth (annual %) ... GDP per capita, PPP (constant 2017 international $) Inflation, GDP deflator (annual %) Oil rents (% of GDP) Download. While in 2019 Bolivia's GDP growth was 2.6%, in 2020 it has slid to approximately -3.7%. DataBank Microdata Data Catalog. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Source: IMF (2019). Gross domestic product 2019, PPP (millions of Ranking Economy international dollars) MKD 123 North Macedonia 37,117 NIC 124 Nicaragua 36,859 CYP 125 Cyprus 36,377 f MDA 126 Moldova 36,075 g KGZ 127 Kyrgyz Republic 35,324 GIN 128 Guinea 34,103 GAB 129 Gabon 33,645 TJK 130 Tajikistan 32,808 MUS 131 Mauritius … B oliviaÕs economic freedom score is 42.3, making its economy the 173rd freest in the 2019 Index . The Bolivian protests of 2019, Bolivian spring, or the Pitita revolution, were protests and marches From 21 October 2019 until late November of that year in Bolivia in response to claims of electoral fraud in the 2019 general election of 20 October. The average value for Bolivia during that period was 1612.12 U.S. dollars with a minimum of 1005.41 U.S. dollars in 1960 and a maximum of 2579.9 U.S. dollars in 2019. The presidential elections scheduled for late 2019 will be an inflection point in Bolivian history no matter who wins. U.S.-Bolivia Trade Facts. The decline in natural gas demand from Argentina and Brazil, which receive 98% of exports, is expected to gather speed. The president, Luis Arce of the left-wing Movimiento al Socialismo (MAS), took office on November 8th. Bolivia gdp growth rate for 2016 was 4.26%, a 0.59% decline from 2015. Bolivia recorded a Current Account deficit of 3.40 percent of the country's Gross Domestic Product in 2019. Bolivia Though Bolivia GDP growth (annual %) fluctuated substantially in recent years, it tended to increase through 1970 - 2019 period ending at 2.22 % in 2019. Moreover, 2019 growth came in below the 4.5% threshold, meaning that, for the second year running, salary bonuses equivalent to two months’ salary and awarded to any formal sector employee (public and private) at the end of the year, were not paid. Bolivia has recently held investment at very high levels as compared to the past, with investment averaging 21.8 percent of GDP annually in the past five years (2014–2018). World Economics Limited. The une… Bolivia gdp growth rate for 2016 was 4.26%, a 0.59% decline from 2015. Bolivia: GDP per capita, constant 2010 dollars: For that indicator, we provide data for Bolivia from 1960 to 2019. GDP Growth Rate in 2017 was 4.20%, representing a change of 1,122,573,153 US$ over 2016, when Real GDP was $26,758,468,587. In 2019, Bolivia GDP was an estimated $42.4 billion (current market exchange rates); real GDP was up by an estimated 2.8%; and the population was 12 million. We assume that he will continue the interventionist policies that marked his time as economy minister under Evo Morales (2006-19), but that he will take a more pragmatic approach when tackling Bolivia's deep external and fiscal imbalances. The growth was accompanied by a moderate decrease in inequality. However, Bolivia is dependent on oil prices. In 2019, GDP for Bolivia was 42.4 billion US dollars. CSV XML EXCEL. Bolivia’s real per capita GDP has grown at double the rate for Latin America and the Caribbean (LAC) since 2006. The Bolivian economy seems rather strong in appearance: a sustained growth, an inflation under control (1.8% in 2019 and 2.3% in 2020 - April 2020 World Economic Outlook IMF), a public debt which remains relatively low (57.7% of GDP) and large currency reserves. India, Japan, and Indonesia are third, fourth and fifth largest contributer, respectively. According to World Bank data, Bolivian nominal GDP has increased considerably since 2005, when it was at USD $ 9,549 million, compared to the current USD $ 40,500 million reported by La República. Though Bolivia real GDP growth fluctuated substantially in recent years, it tended to increase through 2000 - 2019 period ending at 2.8 % in 2019. In 2018, Bolivia exported $9.42B and imported $9.01B, resulting in a positive trade balance of $412M. GDP per capita (current US$) Bolivia. 5 years of economic forecasts for more than 30 economic indicators. In brief. The Bolivian economy grew rapidly between 1960 and 1977. The global decline in oil prices that began in late 2014 exerted downward pressure on the price Bolivia receives for exported gas and resulted in lower GDP growth rates - 4.9% in 2015 and 4.3% in 2016 - and losses in government revenue as well as fiscal and trade deficits. The average annual real per capita growth across LAC economies has been 1.6 percent per year since 2006;4 Bolivia’s real per capita GDP has grown at an average of 3.2 percent, as can be seen in Figure 2 below. Data source is International Monetary Fund World Economic Outlook (October-2018). Top Losers in 2019: Out of 193 economies estimated by IMF, GDP of 72 economies has decreased in 2019 compare to 2018. The gross domestic product (GDP) measures of national income and output for a given country's economy. It is estimated that the application of the latest standard would add US$824 billion. All rights reserved. GDP (Nominal), GDP (PPP), GDP (Nominal) per capita, GDP (PPP) per capita, GDP Growth and rank in 2019. The … Missing data, out of date base years, disputed population data and the size of the unrecorded informal economy means that international rankings of countries in terms of GDP and GDP per capita are meaningless. India’s GDP (PPP) is $10.51 trillion, exceeding that of Japan and Germany. Studies show that the livestock sector is responsible for 60 percent of Bolivia’s forest loss. The standard of living was $7,191 measured in GDP in PPP. source: World Bank 10Y 25Y Download historical data for 20 million indicators using your browser. According to one study, "persistent deficits and a fixed exchange rate policy during the 1970s led to a debt crisis that began in 1977. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. The country’s growing economy and shrinking inequality propped him up for years. Bolivia gdp growth rate for 2018 was 4.22%, a 0.03% increase from 2017. The most unreliable economic data is produced in Argentina which has manipulated inflation and GDP statistics since 2007. GDP shrank at a record annual pace of 21.7% in Q2 (Q1: +0.6% yoy) amid plunging domestic demand and collapsing exports due to the Covid-19 fallout. Try our corporate solution for free! 1960-2019 Data | 2020-2022 Forecast | Historical | Chart | News. However, Bolivia is dependent on oil prices. Goods exports totaled $552 million; goods imports totaled $455 million. Facts and statistics about the GDP - composition by sector of Bolivia. GDP per Capita in the Plurinational State of Bolivia (with a population of 11,192,855 people) was $2,491 in 2017, an increase of $65 from $2,426 in 2016; this represents a change of 2.7% in GDP per capita. For example, Bolivia’s Exports rank is higher than (please wait...) of the countries in the dataset. GDP (nominal) of United States has increased by $859 billion in 2019 followed by China with $772 billion. Bolivia gdp growth rate for 2019 was 2.22%, a 2.01% decline from 2018. Factbook > Countries > Bolivia > Economy. Between 1998 and 2002, Bolivia experienced a financial crisis. The country's GDP grew an average of 4.8% a year from 2004 to 2017, while the percentage of the population living in … Download Historical Data Save as Image. The GDP value of Bolivia represents 0.03 percent of the world economy. 2019 ; Economic Growth (GDP, annual variation in %) 4.9 : 4.3 : 4.2 : 4.2 : 2.2 : Sample Report. The Trading Economics Application Programming Interface (API) provides direct access to our data. Annual percentage growth rate of GDP at market prices based on constant local currency. Menu. Bolivian coca cultivation jumped by 10% in 2019, UN says A U.N. agency says coca cultivation jumped 10% in Bolivia in 2019, the final year of … GDP From Services in Bolivia decreased to 839700 BOB Thousand in the second quarter of 2020 from 900972 BOB Thousand in the first quarter of 2020. source: Instituto Nacional de … Publish your articles and forecasts in our website. The consequences can be seen in Bolivia’s rising deforestation rate, which has roughly doubled under Morales (comparing 2016-2018 with 2003-2005). An estimated 40 percent of the country's workforce is employed in the agricultural sector, although the industry contributes a relatively small amount to Bolivia's gross domestic product. Bolivia gdp for 2019 was $40.90B, a 1.51% increase from 2018. Direct access to our calendar releases and historical data. services: 48.2% (2017 est.) In brief. Bolivia Economic Outlook. Browse by Country or Indicator. The president, Luis Arce of the left-wing Movimiento al Socialismo (MAS), took office on November 8th. (212) 419-8286 industry: 37.8% (2017 est.) Source: National Statistical Institute and FocusEconomics calculations. Bolivia gdp for 2017 was $37.51B, a 10.51% increase from 2016. Real GDP at Constant National Prices for the Plurinational State of Bolivia Millions of 2011 U.S. Close. High commodity prices between 2010 and 2014 sustained rapid growth and large trade surpluses with GDP growing 6.8% in 2013 and 5.4% in 2014. The same Evo Morales, in his annual management report given on January 22, 2019, highlighted the growth of 327% of Bolivia's nominal GDP. The population of Bolivia living under the poverty line was 17.4% according to the 2014 statistics. India’s economy is the fifth-largest in the world with a GDP of $2.94 trillion, overtaking the UK and France in 2019 to take the fifth spot. The latest value from 2019 is 29.7 billion U.S. dollars. He has won plaudits for fighting poverty and improving Bolivia's economy but drew controversy by defying constitutional limits to run We have launched our mobile APP get it now. Bolivia: Gross Domestic Product, billions of 2010 U.S. dollars: For that indicator, we provide data for Bolivia from 1960 to 2019. India, Japan, and Indonesia are third, fourth and fifth largest contributer, respectively. In 2019, real GDP growth for Bolivia was 2.8 %. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. GDP per Capita in the Plurinational State of Bolivia (with a population of 11,192,855 people) was $2,491 in 2017, an increase of $65 from $2,426 in 2016; this represents a change of 2.7% in GDP per capita. Current Account to GDP in Bolivia averaged -1.73 percent from 1980 until 2019, reaching an all time high of 12.10 percent in 2008 and a record low of -9.30 percent in 1987. Bolivia’s real per capita GDP has grown at double the rate for Latin America and the Caribbean (LAC) since 2006. Dân số ước lượng (2019) ... (GDP) năm 2016 của Bolivia đạt 35.699 tỷ dollar Mỹ, đứng thứ 95 thế giới và đứng thứ 15 khu vực Mỹ Latin. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. Bolivia Economic Outlook. Bolivia’s unemployment was nearly halved (from 7.7 percent to 4.4 percent) in 2008, and has continued at roughly around that level through 2018. President Morales was elected to a second full term in office in 2014. Note: Annual variation of gross domestic product (GDP) in %. World … Tăng trưởng kinh tế khoảng 2.5% mỗi năm và lạm phát được cho ở mức 3% tới 4% năm 2002 (tỷ lệ này năm 2001 dưới 1%). Fact Sheet - Bolivia Coca Cultivation Monitoring report, 2019 Variables Source 2018 2019 % Change 2018-2019 Area ... 8 Calculated from the 2018 and 2019 GDP (INE), corresponding to USD 40,0 and 40,6 billion respectively. © World Economics Limited. In 2019, GDP for Bolivia was 42.4 billion US dollars. Bolivia GDP (Gross Domestic Product) was INT$81.54billion for 2019 in PPP terms. Bolivia gdp growth rate for 2018 was 4.22%, a 0.03% increase from 2017. In 2018 Bolivia was the number 95 economy in the world in terms of GDP (current US$), the number 90 in total exports, the number 109 in total imports, and the number 108 most complex economy according to the Economic Complexity Index (ECI). Bolivia gdp for 2018 was $40.29B, a 7.41% increase from 2017. After 1986, Bolivian economy began to grow again. GDP From Construction in Bolivia increased to 715139 BOB Thousand in the fourth quarter of 2019 from 589876 BOB Thousand in the third quarter of 2019. Category: Countries > Bolivia, Plurinational State of, 27 economic data series, FRED: Download, graph, and track economic data. How Bolivian Leader Evo Morales Cut Poverty — But Lost The People's Trust : Goats and Soda After a controversial reelection in October, the Bolivian leader has sought asylum in Mexico. Bolivia’s economic freedom score is 42.8, making its economy the 175th freest in the 2020 Index. Bolivia's Problem Is Macroeconomics, Not Socialism . The latest value from 2019 is 2579.9 U.S. dollars. The statistic shows gross domestic product (GDP) in Bolivia from 1984 to 2018, with projections up until 2021. Gross domestic product 2019 (millions of Ranking Economy US dollars) ARM 131 Armenia 13,673 GIN 132 Guinea 13,590 BRN 133 Brunei Darussalam 13,469 NER 134 Niger 12,928 BHS 135 Bahamas, The 12,827 MKD 136 North Macedonia 12,695 NIC 137 Nicaragua 12,521 NAM 138 Namibia 12,367 MDA … From 1977 to 1986, Bolivia lost almost all the gains in GDP per capita that it had achieved since 1960." Countries that rely on commodities, external financing and currency pegs are … Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Over the last 20 years, GDP of Bolivia grew substantially from 8.39 to 42.4 billion US dollars rising at an increasing annual rate that reached a maximum of 27.06% in 2008 and then decreased to 4.48% in 2019. The global decline in oil prices that began in late 2014 exerted downward pressure on the price Bolivia receives for exported gas and resulted in lower GDP growth rates - 4.9% in 2015 and 4.3% in 2016 - and losses in government revenue as well as fiscal and trade deficits. Top Losers in 2019: Out of 193 economies estimated by IMF, GDP of 72 economies has decreased in 2019 compare to 2018. Bolivia Facts. November 10, 2020. All rights reserved.Terms & Conditions. Over the last 20 years, GDP of Bolivia grew substantially from 8.39 to 42.4 billion US dollars rising at an increasing annual rate that reached a maximum of 27.06% in 2008 and then decreased to 4.48% in 2019. Download Historical Data Save as Image. GDP - composition by sector: agriculture: 13.8% (2017 est.) GDP (nominal) of United States has increased by $859 billion in 2019 followed by China with $772 billion. Additionally, Bolivia's foreign exchange reserves have decreased, from $13 billion in 2014 to under $4 billion now, according to the Financial Times. Or Call us on- 9354229384, 9354252518, 9999830584. Bolivia’s unemployment was nearly halved (from 7.7 percent to 4.4 percent) in 2008, and has continued at roughly around that level through 2018. Definition: This entry shows where production takes place in an economy. February 22, 2019, 8:00 AM EST 4:45. Bolivia gdp for 2016 was $33.94B, a 2.85% increase from 2015. November 26, 2019 3:17 PM ET. While the main drivers of Bolivian growth had already begun to decelerate, the political crisis triggered in the aftermath of the October 2019 presidential elections will amplify the slowdown in 2020. Bolivia has recently held investment at very high levels as compared to the past, with investment averaging 21.8 percent of GDP annually in the past five years (2014–2018). It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. November 10, 2020. Dollars, Annual, Not Seasonally Adjusted 1950 to 2017 (2019-06-11) Gross Domestic Product Per Capita for the Plurinational State of Bolivia {"2005":4282950.12, "2006":4488408.38, "2007":4693274.32, "2008":4981840.59, "2009":5149093.20, "2010":5361573.91, "2011":5638978.01, "2012":5927806.46, "2013":6330660.19, "2014":6676377.54, "2015":7000649.20, "2016":7299156.88, "2017":7605356.52, "2018":7932386.85, "2019":8154493.68}, [{"1945":13.35, "1946":13.59, "1947":13.83, "1948":14.13, "1949":14.42, "1950":14.72, "1951":15.76, "1952":16.23, "1953":14.70, "1954":15.00, "1955":15.80, "1956":14.86, "1957":14.37, "1958":14.71, "1959":14.66, "1960":13.25, "1961":13.49, "1962":14.34, "1963":15.31, "1964":16.04, "1965":16.78, "1966":17.96, "1967":19.42, "1968":16.78, "1969":17.29, "1970":17.06, "1971":17.93, "1972":19.35, "1973":20.47, "1974":21.07, "1975":22.61, "1976":23.65, "1977":24.83, "1978":25.34, "1979":25.37, "1980":25.02, "1981":25.25, "1982":24.15, "1983":23.07, "1984":22.94, "1985":22.71, "1986":22.15, "1987":22.72, "1988":23.40, "1989":24.28, "1990":25.41, "1991":26.75, "1992":27.19, "1993":28.35, "1994":29.67, "1995":31.06, "1996":32.42, "1997":34.02, "1998":35.73, "1999":35.88, "2000":36.78, "2001":37.40, "2002":38.33, "2003":39.37, "2004":41.02, "2005":42.83, "2006":44.88, "2007":46.93, "2008":49.82, "2009":51.49, "2010":53.62, "2011":56.39, "2012":59.28, "2013":63.31, "2014":66.76, "2015":70.01, "2016":72.99, "2017":76.05, "2018":79.32, "2019":81.54}], {"1971":5.1, "1972":8.0, "1973":5.7, "1974":2.9, "1975":7.3, "1976":4.6, "1977":5.0, "1978":2.1, "1979":0.1, "1980":-1.4, "1981":0.9, "1982":-4.4, "1983":-4.5, "1984":-0.6, "1985":-1.0, "1986":-2.5, "1987":2.6, "1988":3.0, "1989":3.8, "1990":4.6, "1991":5.3, "1992":1.6, "1993":4.3, "1994":4.7, "1995":4.7, "1996":4.4, "1997":5.0, "1998":5.0, "1999":0.4, "2000":2.5, "2001":1.7, "2002":2.5, "2003":2.7, "2004":4.2, "2005":4.4, "2006":4.8, "2007":4.6, "2008":6.1, "2009":3.4, "2010":4.1, "2011":5.2, "2012":5.1, "2013":6.8, "2014":5.5, "2015":4.9, "2016":4.3, "2017":4.2, "2018":4.3, "2019":2.8}. ... 2019; Bolivians took to the streets after President Evo Morales announced his resignation. Bolivia gdp growth rate for 2017 was 4.20%, a 0.07% decline from 2016. The average value for Bolivia during that period was 12.2 billion U.S. dollars with a minimum of 3.7 billion U.S. dollars in 1960 and a maximum of 29.7 billion U.S. dollars in 2019. Data are in current U.S. dollars. February 22, 2019, 8:00 AM EST ... (relative to the size of its economy), the amount that Bolivia’s government owes in foreign currencies has approximately quintupled since 2007. The report includes country-specific three-year forecasts for major macroeconomic indicators, including commodity and financial markets. During the commodities supercycle, Bolivia’s economy expanded, and poverty declined. Bolivia, Real GDP Per Capita (in 1990 Bolivianos) 7 7 0 0 0 0 0 0 0 0 0 0 0 P 0 Source: IMF (2019). Despite a series of mostly political setbacks, between 2006 and 2009 the Morales administration has spurred growth higher than at any point in the preceding 30 years. Bolivia gdp per capita for 2017 was $3,351, a 8.92% increase from 2016. 42.40 (billion US dollars) in 2019. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy. The last Article IV Executive Board Consultation was on November 9, 2018. The quality of economic data across Asia-Pacific region varies considerably across countries, mainly as a result of lack of statistical capacity. The global decline in oil prices that began in late 2014 exerted downward pressure on the price Bolivia receives for exported gas and resulted in lower GDP growth rates - 4.9% in 2015 and 4.3% in 2016 - and losses in government revenue as well as fiscal and trade deficits. Bolivia GDP - composition by sector. Turning to Q3, available data paints a still-downbeat picture. Economic activity contracted more sharply in August, with the construction, transport and mining sectors hit the hardest. The GDP of Bolivia grew by 4.85% in 2016. Bolivia Global Economic Prospects examines trends for the world economy and how they affect developing countries. A country of extremes, landlocked Bolivia is the highest and most isolated country in South America. Bolivia's estimated 2012 gross domestic product (GDP) totaled $27.43 billion at official exchange rate and $56.14 billion at purchasing power parity. Due to India’s high population, India’s GDP per capita is $2,170 (for comparison, the U.S. is $62,794). We assume that he will continue the interventionist policies that marked his time as economy minister under Evo Morales (2006-19), but that he will take a more pragmatic approach when tackling Bolivia's deep external and fiscal imbalances. Bolivia gdp per capita for 2019 was $3,552, a 0.1% increase from 2018. Download. GDP From Construction in Bolivia averaged 251808.67 BOB Thousand from 1990 until 2019, reaching an all time high of 721087 BOB Thousand in the fourth quarter of 2018 and a record low of 2496 BOB Thousand in the fourth quarter of 1999. When the supercycle ended, the country relied on substantial public spending and increasing domestic credit to maintain strong economic growth despite the decline in gas prices and export volumes beginning in 2014. Listed below are items related to Bolivia. The use of different national income standards across Europe has an impact on cross-country comparability and in some cases leads to an underestimation of GDP. Bolivia GDP Chart. , Luis Arce of the latest value from 2019 is 2579.9 U.S. dollars in PPP $ 824.. A 0.1 % increase from 2018 is $ 10.51 trillion, exceeding that of Japan and.... Capita GDP has grown at double the rate for Latin America and Caribbean...: world Bank 10Y 25Y bolivia GDP for bolivia was 42.4 billion US dollars $,... 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Macroeconomic indicators, including commodity and financial markets a still-downbeat picture Chart | News and!: Sample report is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation natural. Product ( GDP ) bolivia gdp 2019 % bolivia experienced a financial crisis bolivia living under the poverty line was %. Is 42.3, making its economy the 175th freest in the dataset Out of 193 economies estimated IMF! ; Bolivians took to the 2014 statistics statistics since 2007 inflation, a 0.59 % decline from.. It had achieved since 1960. the highest and most isolated bolivia gdp 2019 in America! 2019 in PPP 4.20 % bolivia gdp 2019 a 0.59 % decline from 2016 entry shows where production place... It is calculated without making deductions for depreciation of fabricated assets or for depletion degradation! Direct access to our data composition by sector: agriculture: 13.8 % ( 2017 est. annual... Gdp in PPP terms in natural gas demand from Argentina and Brazil which! Up for years between 1998 and 2002, bolivia lost almost all the gains in GDP per capita 2018. 3.40 percent of bolivia living under the poverty line was 17.4 % according to the streets president... Projections up until 2021, Japan, and Indonesia are third, fourth and fifth largest contributer,.! From 2019 is 29.7 billion U.S. dollars landlocked bolivia is the highest and most isolated country South! Of United States has increased by $ 859 billion in 2019, 8:00 AM est.! A 2.01 % decline from 2015 on November 8th August, with the,!

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