U.S.-Bolivia Trade Facts. In 2019, GDP for Bolivia was 42.4 billion US dollars. 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. Dataset: 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’s real per capita GDP has grown at double the rate for Latin America and the Caribbean (LAC) since 2006. Bolivia GDP - composition by sector. GDP per capita (current US$) Bolivia. 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. 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. In 2018, Bolivia exported $9.42B and imported $9.01B, resulting in a positive trade balance of $412M. Direct access to our calendar releases and historical data. 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. Close. GDP (Nominal), GDP (PPP), GDP (Nominal) per capita, GDP (PPP) per capita, GDP Growth and rank in 2019. Bolivia gdp growth rate for 2016 was 4.26%, a 0.59% decline from 2015. The … 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. Though Bolivia real GDP growth fluctuated substantially in recent years, it tended to increase through 2000 - 2019 period ending at 2.8 % in 2019. All rights reserved.Terms & Conditions. The Bolivian economy grew rapidly between 1960 and 1977. 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. From 1977 to 1986, Bolivia lost almost all the gains in GDP per capita that it had achieved since 1960." Bolivia’s economic freedom score is 42.8, making its economy the 175th freest in the 2020 Index. The presidential elections scheduled for late 2019 will be an inflection point in Bolivian history no matter who wins. 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. © World Economics Limited. Bolivia gdp growth rate for 2017 was 4.20%, a 0.07% decline from 2016. 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. 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. 2019 ; Economic Growth (GDP, annual variation in %) 4.9 : 4.3 : 4.2 : 4.2 : 2.2 : Sample Report. GDP (nominal) of United States has increased by $859 billion in 2019 followed by China with $772 billion. Dollars, Annual, Not Seasonally Adjusted 1950 to 2017 (2019-06-11) Gross Domestic Product Per Capita for the Plurinational State of Bolivia The president, Luis Arce of the left-wing Movimiento al Socialismo (MAS), took office on November 8th. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy. The same Evo Morales, in his annual management report given on January 22, 2019, highlighted the growth of 327% of Bolivia's nominal GDP. The most unreliable economic data is produced in Argentina which has manipulated inflation and GDP statistics since 2007. November 10, 2020. The GDP of Bolivia grew by 4.85% in 2016. The GDP value of Bolivia represents 0.03 percent of the world economy. Bolivia Economic Outlook. The average annual real per capita growth across LAC economies has been 1.6 percent per year since 2006;4 Bolivia’s real per capita GDP has grown at an average of 3.2 percent, as can be seen in Figure 2 below. Bolivia: GDP per capita, constant 2010 dollars: For that indicator, we provide data for Bolivia from 1960 to 2019. GDP Growth Rate in 2017 was 4.20%, representing a change of 1,122,573,153 US$ over 2016, when Real GDP was $26,758,468,587. 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. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Updated as of 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. 5 years of economic forecasts for more than 30 economic indicators. Download. (Source: IMF) Bolivia is currently our 98th largest goods trading partner with $1.0 billion in total (two way) goods trade during 2019. 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. Bolivia gdp growth rate for 2019 was 2.22%, a 2.01% decline from 2018. World … 42.40 (billion US dollars) in 2019. The standard of living was $7,191 measured in GDP in PPP. Menu. Download Historical Data Save as Image. According to one study, "persistent deficits and a fixed exchange rate policy during the 1970s led to a debt crisis that began in 1977. Factbook > Countries > Bolivia > Economy. The latest value from 2019 is 2579.9 U.S. dollars. 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. 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. A country of extremes, landlocked Bolivia is the highest and most isolated country in South America. 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 … Bolivia gdp for 2018 was $40.29B, a 7.41% increase from 2017. World Economics Limited. 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. Bolivia gdp per capita for 2019 was $3,552, a 0.1% increase from 2018. 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. B oliviaÕs economic freedom score is 42.3, making its economy the 173rd freest in the 2019 Index . Data source is International Monetary Fund World Economic Outlook (October-2018). Bolivia gdp growth rate for 2017 was 4.20%, a 0.07% decline from 2016. 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. Bolivia’s real per capita GDP has grown at double the rate for Latin America and the Caribbean (LAC) since 2006. Bolivia gdp for 2016 was $33.94B, a 2.85% increase from 2015. The report includes country-specific three-year forecasts for major macroeconomic indicators, including commodity and financial markets. Economic activity contracted more sharply in August, with the construction, transport and mining sectors hit the hardest. The country's GDP grew an average of 4.8% a year from 2004 to 2017, while the percentage of the population living in … All rights reserved. Bolivia Global Economic Prospects examines trends for the world economy and how they affect developing countries. Additionally, Bolivia's foreign exchange reserves have decreased, from $13 billion in 2014 to under $4 billion now, according to the Financial Times. 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. 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). 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. Listed below are items related to Bolivia. The quality of economic data across Asia-Pacific region varies considerably across countries, mainly as a result of lack of statistical capacity. Bolivia GDP Chart. GDP - composition by sector: agriculture: 13.8% (2017 est.) 1960-2019 Data | 2020-2022 Forecast | Historical | Chart | News. Publish your articles and forecasts in our website. Bolivia’s economic freedom score is 42.8, making its economy the 175th freest in the 2020 Index. Real GDP at Constant National Prices for the Plurinational State of Bolivia Millions of 2011 U.S. While in 2019 Bolivia's GDP growth was 2.6%, in 2020 it has slid to approximately -3.7%. The country’s economic growth was estimated at 5.2% while the inflation rate was at 4.5%. 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. During the commodities supercycle, Bolivia’s economy expanded, and poverty declined. ... 2019; Bolivians took to the streets after President Evo Morales announced his resignation. However, Bolivia is dependent on oil prices. The president, Luis Arce of the left-wing Movimiento al Socialismo (MAS), took office on November 8th. The population of Bolivia living under the poverty line was 17.4% according to the 2014 statistics. Studies show that the livestock sector is responsible for 60 percent of Bolivia’s forest loss. 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. services: 48.2% (2017 est.) 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. 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 for 2019 was $40.90B, a 1.51% increase from 2018. Top Losers in 2019: Out of 193 economies estimated by IMF, GDP of 72 economies has decreased in 2019 compare to 2018. In 2018, Global Forest Watch rated Bolivia as the fifth most deforested country in the world. (212) 419-8286 The une… Turning to Q3, available data paints a still-downbeat picture. The statistic shows gross domestic product (GDP) in Bolivia from 1984 to 2018, with projections up until 2021. February 22, 2019, 8:00 AM EST 4:45. DataBank Microdata Data Catalog. Bolivia: Gross Domestic Product, billions of 2010 U.S. dollars: For that indicator, we provide data for Bolivia from 1960 to 2019. Bolivia GDP (Gross Domestic Product) was INT$81.54billion for 2019 in PPP terms. 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). In brief. Download historical data for 20 million indicators using your browser. The gross domestic product (GDP) measures of national income and output for a given country's economy. Data are in current U.S. dollars. Bolivia gdp growth rate for 2016 was 4.26%, a 0.59% decline from 2015. 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 gdp for 2017 was $37.51B, a 10.51% increase from 2016. Bolivia has recently held investment at very high levels as compared to the past, with investment averaging 21.8 percent of GDP annually in the past five years (2014–2018). GDP Growth Rate in 2017 was 4.20%, representing a change of 1,122,573,153 US$ over 2016, when Real GDP was $26,758,468,587. Top Losers in 2019: Out of 193 economies estimated by IMF, GDP of 72 economies has decreased in 2019 compare to 2018. The growth was accompanied by a moderate decrease in inequality. 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 … It is estimated that the application of the latest standard would add US$824 billion. India, Japan, and Indonesia are third, fourth and fifth largest contributer, respectively. Source: IMF (2019). Goods exports totaled $552 million; goods imports totaled $455 million. February 22, 2019, 8:00 AM EST ... (relative to the size of its economy), the amount that Bolivia’s government owes in foreign currencies has approximately quintupled since 2007. In 2018 Bolivia was the number 95 economy in the world in terms of GDP (current US$), 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). {"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}.

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