Inflation in Bolivia
Bolivia - InflationRecently 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 - Inflation Data
|Inflation Rate (CPI, annual variation in %)||4.1||3.6||2.8||2.3||1.8|
5 years of economic forecasts for more than 30 economic indicators.
Bolivia Inflation Chart
Source: National Statistical Institute and FocusEconomics calculations.
|Exchange Rate||6.91||-0.14 %||Jan 01|
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