External Debt in Bolivia
Bolivia - External DebtGDP shrank at a record annual pace of 21.7% in Q2 (Q1: +0.6% yoy) amid plunging domestic demand and collapsing exports due to the Covid-19 fallout. Turning to Q3, available data paints a still-downbeat picture. Economic activity contracted more sharply in August, with the construction, transport and mining sectors hit the hardest. Moreover, a higher unemployment rate in Q3, coupled with lingering Covid-19 restrictions, bodes ill for private consumption. In politics, Luis Arce, the candidate for former President Morales’ MAS party, won 55% of the votes in the presidential election re-run held on 18 October, securing a first-round victory. However, MAS did not reach a two-third majority in the Legislative Assembly, which could hinder the full implementation of Arce’s agenda of boosting public investment. In the near term, dealing with the impact of the pandemic will likely be his first priority.
Bolivia - External Debt Data
|External Debt (% of GDP)||29.9||32.3||34.6||33.0||-|
5 years of economic forecasts for more than 30 economic indicators.
Bolivia External Debt Chart
Source: Bolivia Central Bank and FocusEconomics calculations.
|Exchange Rate||6.91||-0.14 %||Jan 01|
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