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Bolivia Economy 2013

SOURCE: 2013 CIA WORLD FACTBOOK AND OTHER SOURCES











Bolivia Economy 2013
SOURCE: 2013 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on February 14, 2013

Economy - overview:
Bolivia is one of the poorest and least developed countries in Latin America. Following a disastrous economic crisis during the early 1980s, reforms spurred private investment, stimulated economic growth, and cut poverty rates in the 1990s. The period 2003-05 was characterized by political instability, racial tensions, and violent protests against plans - subsequently abandoned - to export Bolivia's newly discovered natural gas reserves to large Northern Hemisphere markets. In 2005, the government passed a controversial hydrocarbons law that imposed significantly higher royalties and required foreign firms then operating under risk-sharing contracts to surrender all production to the state energy company in exchange for a predetermined service fee. The global recession slowed growth, but Bolivia recorded the highest growth rate in South America during 2009. During 2010-12 high world commodity prices sustained rapid growth and large trade surpluses. However, a lack of foreign investment in the key sectors of mining and hydrocarbons, along with growing conflict among social groups pose challenges for the Bolivian economy.

GDP (purchasing power parity):
$54.36 billion (2012 est.)
country comparison to the world: 93

$51.77 billion (2011 est.)
$49.23 billion (2010 est.)
note: data are in 2012 US dollars
[see also: GDP country ranks ]

GDP (official exchange rate):
$26.75 billion (2012 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
5% (2012 est.)
country comparison to the world: 58

5.2% (2011 est.)
4.1% (2010 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$5,000 (2012 est.)
country comparison to the world: 156

$4,900 (2011 est.)
$4,700 (2010 est.)
note: data are in 2012 US dollars
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
agriculture: 13.6%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 38.1%
services: 52% (2012 est.)

Labor force:
4.718 million (2012 est.)
country comparison to the world: 83
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 32%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 20%
services: 48% (2010 est.)

Unemployment rate:
7.5% (2012 est.)
country comparison to the world: 86

7.6% (2011 est.)
note: data are for urban areas; widespread underemployment
[see also: Unemployment rate country ranks ]

Population below poverty line:
51.3%
note: based on percent of population living on less than the international standard of $2/day (2009 est.)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: 1%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 45.4% (2007)

Distribution of family income - Gini index:
58.2 (2009)
country comparison to the world: 8

57.9 (1999)
[see also: Distribution of family income - Gini index country ranks ]

Investment (gross fixed):
21% of GDP (2012 est.)
country comparison to the world: 85
[see also: Investment (gross fixed) country ranks ]

Budget:
revenues: $12.94 billion
[see also: Budget revenues country ranks ]
expenditures: $12.42 billion (2012 est.)

Taxes and other revenues:
48.4% of GDP (2012 est.)
country comparison to the world: 22
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
2% of GDP (2012 est.)
country comparison to the world: 22
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
34.2% of GDP (2011 est.)
country comparison to the world: 105

38.6% of GDP (2010 est.)
note: data cover general government debt, and includes debt instruments issued by government entities other than the treasury; the data include treasury debt held by foreign entities; the data include debt issued by subnational entities
[see also: Public debt country ranks ]

Inflation rate (consumer prices):
4.7% (2012 est.)
country comparison to the world: 136

9.9% (2011 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
4% (31 December 2011 est.)
country comparison to the world: 102

3% (31 December 2010 est.)
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
11.1% (31 December 2012 est.)
country comparison to the world: 79

10.92% (31 December 2011 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$6.263 billion (31 December 2012 est.)
country comparison to the world: 90

$5.329 billion (31 December 2011 est.)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$16.52 billion (31 December 2011 est.)
country comparison to the world: 93

$13.33 billion (31 December 2010 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$8.702 billion (31 December 2012 est.)
country comparison to the world: 105

$7.633 billion (31 December 2011 est.)
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$6.089 billion (31 December 2011)
country comparison to the world: 88

$3.915 billion (31 December 2010)
$3.159 billion (31 December 2009)
[see also: Market value of publicly traded shares country ranks ]

Agriculture - products:
soybeans, coffee, coca, cotton, corn, sugarcane, rice, potatoes; Brazil nuts; timber

Industries:
mining, smelting, petroleum, food and beverages, tobacco, handicrafts, clothing, jewelry

Industrial production growth rate:
3.6% (2010 est.)
country comparison to the world: 87
[see also: Industrial production growth rate country ranks ]

Current account balance:
$1.095 billion (2012 est.)
country comparison to the world: 42

$537.2 million (2011 est.)
[see also: Current account balance country ranks ]

Exports:
$10.97 billion (2012 est.)
country comparison to the world: 91

$9.039 billion (2011 est.)
[see also: Exports country ranks ]

Exports - commodities:
natural gas, soybeans and soy products, crude petroleum, zinc ore, tin

Exports - partners:
Brazil 41.8%, US 12.2%, South Korea 6.4%, Peru 5.7%, Argentina 5.2%, Japan 4.7% (2011)

Imports:
$8.14 billion (2012 est.)
country comparison to the world: 107

$7.126 billion (2011 est.)
[see also: Imports country ranks ]

Imports - commodities:
petroleum products, plastics, paper, aircraft and aircraft parts, prepared foods, automobiles, insecticides

Imports - partners:
Chile 23.5%, Brazil 23%, Argentina 10.3%, US 10.1%, Peru 6.9%, China 5.8% (2011)

Reserves of foreign exchange and gold:
$13.62 billion (31 December 2012 est.)
country comparison to the world: 67

$12.02 billion (31 December 2011 est.)
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$5.604 billion (31 December 2012 est.)
country comparison to the world: 109

$5.451 billion (31 December 2011 est.)
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
$7.37 billion (31 December 2011)
country comparison to the world: 86

$6.869 billion (31 December 2010)
[see also: Stock of direct foreign investment - at home country ranks ]

Stock of direct foreign investment - abroad:
$21 million (31 December 2010)
country comparison to the world: 88

$63.8 million (31 December 2008)
[see also: Stock of direct foreign investment - abroad country ranks ]

Exchange rates:
bolivianos (BOB) per US dollar -

6.96 (2012 est.)
6.9875 (2011 est.)
7.0167 (2010 est.)
7.07 (2009)
7.253 (2008)

Fiscal year:
calendar year


NOTE: 1) The information regarding Bolivia on this page is re-published from the 2013 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Bolivia Economy 2013 information contained here. All suggestions for corrections of any errors about Bolivia Economy 2013 should be addressed to the CIA.
2) The rank that you see is the CIA reported rank, which may habe the following issues:
  a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
  b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order






This page was last modified 11-Mar-13
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