Bolivia Economy

Economic growth:

The economy recorded average annual growth of 3.5% in the decade to 2022. To read more about GDP growth in Bolivia, go to our dedicated page.

Fiscal policy:

Bolivia's fiscal deficit averaged 6.1% of GDP in the decade to 2022. Find out more on our dedicated page.

Unemployment:

The unemployment rate averaged 5.0% in the decade to 2022. For more information on Bolivia's unemployment click here.

Inflation:

Inflation averaged 3.1% in the decade to 2022. Go to our Bolivia inflation page for extra insight.

Monetary Policy:

Bolivia's monetary policy rate ended 2022 at 7.76%, down from 11.13% a decade earlier. See our Bolivia monetary policy page for additional details.

Exchange Rate:

From end-2012 to end-2022 the boliviano strengthened by 1.4% vs the U.S. dollar. For more info on the boliviano, click here.

The economy is facing serious challenges in Q1. Social protests in January–February kept a main highway blocked for two weeks, triggering supply disruptions and price increases—inflation quickened in February. Meanwhile, steep inflation in key trading partner Argentina bodes ill for domestic price pressures, as it is making imports more expensive. Moreover, the currency’s USD peg is under notable pressure amid a dire shortage of U.S. dollars—on lower natural gas export revenue—prompting the resurgence of a black market in the boliviano and boding ill for the availability of goods. The government will be anxious to avoid devaluing the peg at all costs before presidential elections next year: The country’s low credit rating makes it too costly for the government to issue debt, so the authorities relaxed export restrictions in February to alleviate the USD shortage, but additional currency controls are a possibility.

Projections out to 2033.

39 indicators covered including both annual and quarterly frequencies.

Consensus Forecasts based on a panel of 15 expert analysts.

Want to get insight on the economic outlook for Bolivia in the coming years? FocusEconomics collects projections out to 2033 on 39 economic indicators for Bolivia from a panel of 15 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts, and averaged to provide one Consensus Forecast you can rely on for each indicator. This means you avoid the risk of relying on out of date, biased or outlier forecasts. Our Consensus Forecasts can be visualized in whichever way best suits your needs, including via interactive online dashboards , direct data delivery and executive-style reports which combine analysts' projections with timely written analysis from our in-house team of economists on the latest developments in the Bolivia economy. To download a sample report on the Bolivia's economy, click here . To get in touch with our team for more information, fill in the form at the bottom of this page .