Consumption in Bolivia
Bolivia - Consumption
Economic growth slumped to 2.3% year-on-year in the third quarter of 2019 (Q2: +2.8% year-on-year), marking the weakest expansion in over a decade. A sharp contraction of the mining and quarrying sector, which saw output in the key oil and gas industry decline for the sixth consecutive quarter, led the slowdown. In turn, this took a toll on the external sector, as reflected by yet another fall in exports in the quarter. Domestically, although fixed investment rebounded solidly, private consumption growth, which has long been the engine of activity, ebbed to a two-and-a-half-year low—weighing on the overall upturn. Meanwhile in politics, Luis Arce, former President Evo Morales’ economy minister and candidate for his Movement to Socialism (MAS) party, is leading the polls ahead of the 3 May election against a divided opposition, which includes the candidacy of interim President Jeanine Áñez. However, Arce’s lead is not large enough to avoid a second run-off vote.Bolivia - Consumption Data
| 2014 | 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|---|
| Consumption (annual variation in %) | 5.6 | 5.8 | 3.1 | - | - |
Bolivia Consumption Chart
Source: National Statistical Institute and FocusEconomics calculations.
Bolivia Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 6.91 | -0.14 % | Jan 01 |
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