Trade Balance in Bolivia
Bolivia - Trade BalanceConditions likely continued to improve in Q3, following GDP’s stellar return to growth in Q2. Activity expanded robustly in annual terms in July–August, albeit at a softer pace amid a fading base effect. Additionally, the unemployment rate averaged lower in Q3 than in Q2, boding well for spending, while merchandise exports and imports grew solidly in the period, signaling healthier demand dynamics. Meanwhile, prospects for the final quarter are fairly bright: The unemployment rate dropped to a 20-month low in October, which will support household spending. However, while the vaccination drive has continued to advance in recent weeks, it has remained somewhat sluggish amid another uptick in daily infection rates, which could prompt tighter restrictions ahead. In politics, in mid-November President Arce repealed August’s “Mother” Law, following a six-day general strike and opposition protests.
Bolivia - Trade Balance Data
|Trade Balance (USD billion)||-0.4||-0.9||-0.5||-0.5||-0.2|
5 years of economic forecasts for more than 30 economic indicators.
Bolivia Trade Balance Chart
Source: Bolivia Central Bank and FocusEconomics calculations.
|Exchange Rate||6.91||-0.14 %||Jan 01|
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