Unemployment in Bolivia

Bolivia Unemployment | Economic News & Forecasts

Bolivia - Unemployment

The Covid-19 outbreak, strict measures imposed to contain its spread and a marked deterioration in the country’s terms of trade are set to hit the economy hard in the first half of the year, with spillovers also expected in the second. In February, economic activity had already slowed markedly amid a heavy contraction of the hydrocarbons sector. The challenging external environment, which has seen a collapse in oil prices as well as reduced demand for natural gas also led to a plunge in merchandise exports in March. Moreover, remittances plummeted in the first quarter, which, coupled with the national quarantine extended until 10 May, is poised to hammer activity. Meanwhile, on 17 April the IMF approved USD 327 million in emergency financing while the World Bank unlocked USD 170 million on 8 May to help authorities tackle the health crisis. On the political front, Parliament approved a law in late April that called for the re-run of the controversial October election to be held by 2 August.

Bolivia - Unemployment Data

2015   2016   2017   2018   2019  
Unemployment Rate4.6  4.4  4.5  4.3  4.8  

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Bolivia Unemployment Chart

Bolivia Unemployment
Note: Unemployment in % of active population.
Source: National Statistical Institute and FocusEconomics calculations.

Bolivia Facts

Value Change Date
Exchange Rate6.91-0.14 %Jan 01

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