GDP in Bolivia
Bolivia - GDPBolivia’s economy is likely to have slowed last year, dragged down by a downturn in the country’s commodity-related sectors. Although Bolivia has fared better than other regional peers in the wake of the commodity price slump, dwindling revenues and persistent high public expenditure have caused the fiscal deficit to widen severely. The government, in turn, has resorted to a heavy drawdown from the country’s international reserves, which dropped to a multi-year low in 2016. Despite this concerning situation, political attention is instead focused on President Evo Morales, who announced in December that he intends to run for a fourth consecutive term. This is likely to lead to a re-run of last year’s unsuccessful referendum to change Bolivia’s constitution, which allows Morales to serve only three terms.
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||0.0 %||Jan 20|
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