GDP in Bolivia
Bolivia - GDPWhile Bolivia’s GDP growth is expected to have decelerated in 2016 due to low commodity prices, it likely still achieved one of the highest rates in Latin America. Growth in 2016 was driven by an expansionary fiscal policy and strong credit growth, which helped compensate for the effects of a major drought on agricultural output and temporary supply shocks in gas production. However, Bolivia’s large fiscal and external current account deficits are persisting. On 8 February, the government declared a state of emergency after a plague of locusts destroyed more than 1,000 hectares of crops in a country where small-scale farming and agriculture constitute an important part of the economy.
Bolivia - GDP Data
|Economic Growth (GDP, annual variation in %)||5.2||5.1||6.8||5.5||-|
5 years of economic forecasts for more than 30 economic indicators.
Note: Annual variation of gross domestic product (GDP) in %.
Bolivia GDP Chart
Source: National Statistical Institute and FocusEconomics calculations.
|Exchange Rate||6.94||-0.14 %||Feb 16|
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