Consumption in Bolivia

Bolivia Consumption | Economic News & Forecasts

Bolivia - Consumption

Last year, GDP grew at the fastest rate since the peak of the commodities boom nearly a decade ago. This year, GDP growth is being depressed by a high base effect. That said, underlying activity has likely remained strong. Government coffers will have been supported by rising prices for oil and gas and base metals. Exports were up 33.3% year on year in January–April, boosting international reserves—which rose to USD 2 billion in April from the 16-year low reached in February. This will let the country support its currency peg and therefore avoid a potential balance of payments crisis, which could have resulted in capital controls or a sudden exchange rate adjustment and capital outflows. Meanwhile, because of state subsidies, the currency peg and export controls, inflation remains at by far the lowest rate in Latin America, supporting private consumption.

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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