GDP in Bolivia
Bolivia - GDPRecently released figures show that the economy grew 4.3% in 2016, marking a six-year low. Despite the weak print, Bolivia still managed to grow faster than other commodity-dependent economies in the region thanks to resilient private and public consumption. According to production-based GDP data, the manufacturing industry contributed the most to last year’s growth, closely followed by the financial sector. Meanwhile, the all-important oil and gas sector was the only one out of twelve to register a contraction as a result of the low price environment. On 27 April, President Evo Morales approved an increase in the country’s minimum wage by 10.8%.
Bolivia - GDP Data
|Economic Growth (GDP, annual variation in %)||5.2||5.1||6.8||5.5||4.9|
5 years of economic forecasts for more than 30 economic indicators.
Bolivia GDP Chart
Source: National Statistical Institute and FocusEconomics calculations.
|Exchange Rate||6.97||-0.07 %||May 24|
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