Trade Balance in Bolivia
Bolivia - Trade Balance
After a likely subdued showing in the first quarter, the economy will have reeled in the second quarter as the full brunt of the Covid-19 outbreak and related lockdown measures was felt. Economic activity was decimated in April, reflecting a generalized collapse in output across the major sectors with the extractive and construction industries hit the hardest. Meanwhile, urban unemployment spiked in April due to the shutdown of business activity while remittances crashed by over 60% in April–May, hinting at languishing private consumption. Externally, goods exports more than halved in the same two-month period on stalled foreign demand and plunging sales of hydrocarbons and minerals. Exacerbating matters, in late June the government extended the national quarantine until end-July amid rapidly rising coronavirus infections.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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