Consumption in Bolivia

Bolivia Consumption | Economic News & Forecasts

Bolivia - Consumption

GDP shrank at a record annual pace of 21.7% in Q2 (Q1: +0.6% yoy) amid plunging domestic demand and collapsing exports due to the Covid-19 fallout. Turning to Q3, available data paints a still-downbeat picture. Economic activity contracted more sharply in August, with the construction, transport and mining sectors hit the hardest. Moreover, a higher unemployment rate in Q3, coupled with lingering Covid-19 restrictions, bodes ill for private consumption. In politics, Luis Arce, the candidate for former President Morales’ MAS party, won 55% of the votes in the presidential election re-run held on 18 October, securing a first-round victory. However, MAS did not reach a two-third majority in the Legislative Assembly, which could hinder the full implementation of Arce’s agenda of boosting public investment. In the near term, dealing with the impact of the pandemic will likely be his first priority.

Bolivia - Consumption Data

2015   2016   2017   2018   2019  
Consumption (annual variation in %)5.8  3.1  -     -     -     

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Bolivia Consumption Chart


Bolivia Consumption
Note: Annual variation of total consumption (GDP) in %.
Source: National Statistical Institute and FocusEconomics calculations.

Bolivia Facts

Value Change Date
Exchange Rate6.91-0.14 %Jan 01

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