Current Account in Bolivia
Bolivia - Current AccountThe economy grew 3.3% year-on-year in Q3 2018, down markedly from the previous quarter (Q2 2018: +4.4% yoy). Notably, fixed investment contracted on the heels of almost three years of continuous expansion, although a jump in public spending and sturdy private spending cushioned the losses. Moreover, export growth slowed amid lower demand from Argentina and Brazil, while fiscal woes have been mounting. On 1 March, President Evo Morales, hoping to be re-elected in October, launched his universal healthcare plan at a time when increasing external debt is already weighing on international reserves, which are key to maintaining the currency’s peg to the dollar.
Bolivia - Current Account Data
|Current Account (% of GDP)||2.4||1.7||-5.8||-5.7||-6.3|
5 years of economic forecasts for more than 30 economic indicators.
Bolivia Current Account Chart
Source: Bolivia Central Bank and FocusEconomics calculations.
|Exchange Rate||6.93||-0.14 %||Mar 11|
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