Fiscal Balance in Bolivia

Bolivia Fiscal Balance | Economic News & Forecasts

Bolivia - Fiscal Balance

Recently released national accounts data revealed the economy shrank 8.8% during 2020, as domestic demand declined sharply. The first half of 2021 saw a sharp rebound, however, with GDP growing at an over 30-year-high rate of 21.8% in Q2 (Q1: -1.1% yoy) as private consumption surged on a low base effect. Moving to Q3, activity continued to expand at a double-digit rate in July, although the reading was again boosted by a favorable base effect. Furthermore, the unemployment rate dropped to a 17-month low in August, likely supporting private spending in the quarter. Meanwhile, the vaccination drive lost some steam at the tail end of Q3 and heading into Q4, which, coupled with another uptick in daily infection rates, prompted authorities to extend current domestic and entry restrictions until at least 31 December. This could cap the pace of recovery in the final months of the year.

Bolivia - Fiscal Balance Data

2015   2016   2017   2018   2019  
Fiscal Balance (% of GDP)-6.9  -6.7  -7.8  -8.1  -7.2  

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Bolivia Facts

Value Change Date
Exchange Rate6.91-0.14 %Jan 01

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