Money in Bolivia
Bolivia - MoneyThe economy appeared to have lost further steam in the final quarter of last year, after it grew at the weakest pace in over a decade in Q3. On average, economic activity growth slowed sharply in Q4, dragged down by a near across-the-board slump in activity in November amid the political and social turmoil that surrounded the controversial October presidential election. Turning to 2020, rising goods exports and falling imports in January led the trade balance to record a surplus in that month, contrasting the deficit logged in 2019, which reflected declining hydrocarbon revenues, and boding well for the external sector at the outset of the year. That said, a plunge in oil and natural gas prices in March coupled with the outbreak of coronavirus might take its toll. In other news, Moody’s downgraded the country’s credit rating from Ba3 to B1 on 10 March, citing eroding fiscal and international reserve buffers.
Bolivia - Money Data
|Money (annual variation in %)||17.1||16.3||-3.9||8.2||5.4|
5 years of economic forecasts for more than 30 economic indicators.
Bolivia Money Chart
Source: Bolivia Central Bank and FocusEconomics calculations.
|Exchange Rate||6.91||-0.14 %||Jan 01|
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