Trade Balance in Bolivia
Bolivia - Trade Balance
Following a likely marked contraction in Q2 on the Covid-19 fallout, the economic panorama seemingly remained subdued in Q3. Despite an improvement in July, economic activity was still well below pre-pandemic levels, as the health crisis paralyzed the crucial mining sector and hampered the construction industry. In addition, goods exports continued to collapse in July–August on significant drops in shipments of natural gas and minerals. Moreover, in late September, Moody’s and Fitch Ratings downgraded the country’s credit rating to B2 and B respectively, citing the country’s worsening growth prospects and public finances. In politics, polls indicate that Luis Arce, the candidate for former President Evo Morales’ MAS party, is leading the race for the 18 October election re-run, but the possibility of going to a second round remains.Bolivia - Trade Balance Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Trade Balance (USD billion) | -0.4 | -0.9 | -0.5 | -0.5 | -0.2 |
Bolivia Trade Balance Chart
Source: Bolivia Central Bank and FocusEconomics calculations.
Bolivia Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 6.91 | -0.14 % | Jan 01 |
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