Bolivia Economic Forecast

Bolivia Economic Outlook

February 13, 2018

Buoyant domestic demand led GDP growth to gain steam in the third quarter, despite weakness in the energy sector. On 6 February, the Ministry of Economy and Public Finance, in collaboration with the Central Bank, unveiled the Financial Fiscal Program for 2018. The document envisages GDP growth will accelerate in 2018 and reach 4.7%, which is significantly more optimistic than the FocusEconomics forecast. The government sees growth being bolstered by expansions in all economic sectors: Construction and public works, along with electricity, gas, and water, are expected to spearhead the expansion, while the all-important metallic and non-metallic mineral products sector is projected to grow at the slowest pace despite higher commodity prices. However, the fiscal deficit is likely to remain elevated as the government launches an ambitious infrastructure spending plan.

Bolivia Economic Growth

Bolivia’s economy is expected to grow at a healthy pace this year on the back of growth in public infrastructure and fixed investment. FocusEconomics panelists see GDP expanding 3.8% in 2018, which is unchanged from last month’s forecast, and 3.8% again in 2019.

Bolivia Economy Data

20122013201420152016
Population (million)10.210.410.610.710.9
GDP per capita (USD)2,6452,9483,1243,086-  
GDP (USD bn)27.130.733.033.1-  
Economic Growth (GDP, annual variation in %)5.16.85.54.9-  
Consumption (annual variation in %)4.66.45.65.83.1
Investment (annual variation in %)2.511.79.95.0-  
Unemployment Rate3.24.04.04.0-  
Fiscal Balance (% of GDP)1.80.7-3.4-6.9-6.5
Public Debt (% of GDP)35.736.137.040.642.1
Money (annual variation in %)20.217.717.116.3-3.9
Inflation Rate (CPI, annual variation in %, eop)4.56.55.23.04.0
Inflation Rate (CPI, annual variation in %)4.55.75.84.13.6
Policy Interest Rate (%)10.6011.418.007.367.82
Exchange Rate (vs USD)7.016.916.916.906.94
Exchange Rate (vs USD, aop)6.996.966.916.906.91
Current Account (% of GDP)7.32.40.2-5.8-  
Current Account Balance (USD bn)2.00.70.1-1.9-  
Trade Balance (USD billion)3.42.52.1-1.1-1.5
Exports (USD billion)12.012.212.88.77.0
Imports (USD billion)8.69.710.79.88.5
Exports (annual variation in %)30.01.35.4-32.3-19.3
Imports (annual variation in %)8.212.910.1-8.5-12.8
International Reserves (USD)11.412.513.211.48.3
External Debt (% of GDP)24.326.326.629.8-  

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Bolivia Facts

ValueChangeDate
Exchange Rate6.94-0.14 %Feb 14

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