Bolivia Economic Outlook
December 7, 2017In late November, the Constitutional Court cleared the way for Evo Morales to seek a fourth consecutive term, even though his proposal to remove term limits was rejected by most Bolivians in last year’s referendum. During Morales’ rule, Bolivia has seen its economic fortunes turned around on the back of a boom in natural gas production. On 28 November, the government presented the 2018 budget; it includes higher subsidies for hydrocarbons and increased natural gas production to keep growth rates afloat. Also in November, the government signed natural gas exploration and production agreements with three multinationals, boding well for investment in the sector and future output.
Bolivia Economic GrowthGDP growth next year should be buttressed by robust private and public consumption. A slowdown in hydrocarbon exports, as demand from Argentina and Brazil decreases, poses a downside risk, however. A possible flareup in political unrest in the build up to the 2019 elections could also drag on the economy. FocusEconomics panelists see GDP expanding 3.8% in 2018, which is unchanged from last month, and also in 2019.
Bolivia Economy Data
5 years of Bolivia economic forecasts for more than 30 economic indicators.
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|Exchange Rate||6.97||-0.14 %||Dec 06|
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