Current Account in Bolivia
Bolivia - Current AccountOn 10 November, President Evo Morales was pressured to step down by the military after large-scale protests erupted over the contested 20 October general election, putting an end to nearly 14 years in power. His resignation, alongside that of other top officials in the chain of command, paved the way for Jeanine Añez, the second vice president of the Senate, to declare herself interim president on 12 November. Seeking to quell the social unrest, the Legislative Assembly passed legislation on 23 November annulling the results of the October vote and allowing for a new election, without the participation by exiled former president Morales. The timeline of the new election, however, remains unclear. The political crisis comes against the backdrop of waning economic activity in the first half of the year, which will likely be further eroded amid the recent developments. Furthermore, Fitch Ratings downgraded the country’s credit rating to B+ from BB-, citing its deterioration of external buffers and shrinking leeway for continued expansionary policies.
Bolivia - Current Account Data
|Current Account (% of GDP)||2.4||1.7||-5.8||-5.6||-5.0|
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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