Bolivia Economic Outlook
December 4, 2018Available data points to sustained growth momentum in the third quarter, following a robust outturn in the second quarter powered by solid private consumption and buoyant exports. Broadly stable inflows of remittances in Q3, with the majority sent from Spain and the U.S., alongside moderating inflation and healthy growth of private sector credit, likely supported household incomes and thus consumer spending in the quarter. Meanwhile, on the external front, the firm growth of export earnings in Q3, mainly due to increased prices for natural gas, contributed to a sharp reduction of the January–September trade deficit year-on-year.
Bolivia Economic GrowthGrowth is expected to remain among the strongest in the region in 2019. Sustained high levels of public investment and sturdy household consumption—aided by under-control inflation, currency stability and rising wages—should propel the economy ahead. A favorable price outlook for hydrocarbons and minerals should also contribute in reducing fiscal and external imbalances. FocusEconomics panelists project the economy to expand 4.4% in 2019, up 0.2 percentage points from last month’s estimate, and 4.0% in 2020.
Bolivia Economy Data
5 years of Bolivia economic forecasts for more than 30 economic indicators.
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|Exchange Rate||6.94||-0.14 %||Dec 11|
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