GDP in Bolivia
Bolivia - GDPWhile 2016 was a difficult year for Bolivia due to low commodity prices, its economy fared better than those of other commodity-dependent economies in the region. Growth in 2016 was mainly fueled by a large public investment program and robust credit growth, which partly offset temporary supply shocks in the hydrocarbon and agriculture sectors. However, the fiscal deficit remained large as a result of a broad decline in tax collection and increased government spending. On 9 March, President Morales signed a highly controversial bill that will almost double the amount of land allocated to legal coca production. Opposition legislators stated they would sue to block the law, arguing that it is unconstitutional because it violates international treaties.
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.
Bolivia GDP Chart
Source: National Statistical Institute and FocusEconomics calculations.
|Exchange Rate||6.94||-0.22 %||Mar 27|
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