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    Bolivia Economy - 1989
    https://theodora.com/wfb1989/bolivia/bolivia_economy.html
    SOURCE: 1989 CIA WORLD FACTBOOK

      Overview: During the period 1983-86 the government financed growing budget deficits through expansion of the money supply, which caused spiraling inflation--peaking at 11,700% in 1985--and a steady decline in economic activity. Strong austerity measures were then adopted that helped bring down the rate of inflation to between 15% and 20% during 1987-1988. However, Bolivia continues to face substantial problems, such as relatively weaker prices for its major exports, including natural gas and tin. Farmers constitute half of the country's labor force; for many of them the main cash crop is coca, sold for cocaine processing.

      GNP: $4.6 billion, per capita $680; real growth rate 2.4% (1987)

      Inflation rate (consumer prices): 21% (1988 est.)

      Unemployment rate: 11% (December 1988)

      Budget: revenues $2,867 million; expenditures $2,867 million, including capital expenditures of $663 million (1987)

      Exports: $675 million (f.o.b., 1988); @m5commodities--natural gas 43%, metals 29.2%, coffee, soybeans, sugar, cotton, timber, and illegal drugs; @m5partners--US 23%, Argentina

      Imports: $750 million (c.i.f., 1988); @m5commodities--food, petroleum, consumer goods, capital goods; @m5partners--US 15%

      External debt: $5.1 billion (December 1988)

      Industrial production: growth rate 8.1% (1987)

      Electricity: 778,000 kW capacity; 1,646 million kWh produced, 250 kWh per capita (1988)

      Industries: mining, smelting, petroleum, food and beverage, tobacco, handicrafts, clothing; illegal drug industry reportedly produces the largest revenues

      Agriculture: accounts for 20% of GDP (including forestry and fisheries); principal commodities--coffee, coca, cotton, corn, sugarcane, rice, potatoes, timber; an illegal producer of coca for the international drug trade

      Aid: NA

      Currency: boliviano (plural--bolivianos); 1 boliviano ($B) = 100 centavos

      Exchange rates: bolivianos ($B) per US$1--2.4479 (December 1988), 2.3502 (1988), 2.0549 (1987), 1.9220 (1986), 0.4400 (1985)

      Fiscal year: calendar year

      NOTE: The information regarding Bolivia on this page is re-published from the 1989 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Bolivia Economy 1989 information contained here. All suggestions for corrections of any errors about Bolivia Economy 1989 should be addressed to the CIA.

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    https://theodora.com/wfb1989/bolivia/bolivia_economy.html

    Revised 15-Apr-03
    Copyright © 2003 Photius Coutsoukis (all rights reserved)


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