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    Bolivia Economy - 2003
    https://theodora.com/wfb2003/bolivia/bolivia_economy.html
    SOURCE: 2003 CIA WORLD FACTBOOK

      Economy - overview: Bolivia, long one of the poorest and least developed Latin American countries, made considerable progress in the 1990s toward the development of a market-oriented economy. Successes under President SANCHEZ DE LOZADA (1993-97) included the signing of a free trade agreement with Mexico and becoming an associate member of the Southern Cone Common Market (Mercosur), as well as the privatization of the state airline, telephone company, railroad, electric power company, and oil company. Growth slowed in 1999, in part due to tight government budget policies, which limited needed appropriations for anti-poverty programs, and the fallout from the Asian financial crisis. In 2000, major civil disturbances held down growth to 2.5%. Bolivia's GDP failed to grow in 2001 due to the global slowdown and laggard domestic activity. Growth picked up slightly in 2002, but the first quarter of 2003 saw extensive civil riots and looting and loss of confidence in the government. Bolivia will remain highly dependent on foreign aid unless and until it can develop its substantial natural resources.


      GDP: purchasing power parity - $21 billion (2002 est.)


      GDP - real growth rate: 1.9% (2002 est.)


      GDP - per capita: purchasing power parity - $2,500 (2002 est.)


      GDP - composition by sector: agriculture: 20%
      industry: 20%
      services: 60% (2002 est.)


      Population below poverty line: 70% (1999 est.)


      Household income or consumption by percentage share: lowest 10%: 1.3%
      highest 10%: 32% (1999)


      Distribution of family income - Gini index: 58.9 (1997)


      Inflation rate (consumer prices): 2% (2001 est.)


      Labor force: 2.5 million


      Labor force - by occupation: agriculture NA%, industry NA%, services NA%


      Unemployment rate: 7.6%
      note: widespread underemployment (2000)


      Budget: revenues: $4 billion
      expenditures: $4 billion, including capital expenditures of $NA (2002 est.)


      Industries: mining, smelting, petroleum, food and beverages, tobacco, handicrafts, clothing


      Industrial production growth rate: 3.9% (1998)


      Electricity - production: 3.901 billion kWh (2001)


      Electricity - production by source: fossil fuel: 44.4%
      hydro: 54%
      other: 1.6% (2001)
      nuclear: 0%


      Electricity - consumption: 3.634 billion kWh (2001)


      Electricity - exports: 3 million kWh (2001)


      Electricity - imports: 9 million kWh (2001)


      Oil - production: 44,340 bbl/day (2001 est.)


      Oil - consumption: 49,000 bbl/day (2001 est.)


      Oil - exports: NA (2001)


      Oil - imports: NA (2001)


      Oil - proved reserves: 458.8 million bbl (January 2002 est.)


      Natural gas - proved reserves: 727.2 billion cu m (January 2002 est.)


      Agriculture - products: soybeans, coffee, coca, cotton, corn, sugarcane, rice, potatoes; timber


      Exports: $1.3 billion f.o.b. (2002 est.)


      Exports - commodities: soybeans, natural gas, zinc, gold, wood (2000)


      Exports - partners: Brazil 19.7%, Colombia 19.2%, US 14.8%, Argentina 9.1%, Peru (2001)


      Imports: $1.6 billion f.o.b. (2002 est.)


      Imports - commodities: capital goods, raw materials and semi-manufactures, chemicals, petroleum, food


      Imports - partners: Brazil 24.4%, Argentina 17.9%, US 13.9%, Chile 9.3%, Peru (2001)


      Debt - external: $5.9 billion (2002 est.)


      Economic aid - recipient: $588 million (1997)


      Currency: boliviano (BOB)


      Currency code: BOB


      Exchange rates: bolivianos per US dollar - 7.17 (2002), 6.6069 (2001), 6.1835 (2000), 5.8124 (1999), 5.5101 (1998)


      Fiscal year: calendar year

      NOTE: The information regarding Bolivia on this page is re-published from the 2003 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Guinea Geography 2003 information contained here. All suggestions for corrections of any errors about Bolivia Economy 2003 should be addressed to the CIA.

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    https://theodora.com/wfb2003/bolivia/bolivia_economy.html

    Revised 20-Sep-03
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