Current Account in Bolivia
Bolivia - Current AccountLast 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 - Current Account Data
|Current Account (% of GDP)||-5.8||-5.6||-4.9||-4.5||-3.3|
5 years of economic forecasts for more than 30 economic indicators.
Bolivia Current Account Chart
Source: Bolivia Central Bank and FocusEconomics calculations.
|Exchange Rate||6.91||-0.14 %||Jan 01|
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