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Bolivia Economy 2011
https://theodora.com/wfb2011/bolivia/bolivia_economy.html
SOURCE: 2011 CIA WORLD FACTBOOK AND OTHER SOURCES


















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Page last updated on January 13, 2011

Economy - overview:
Bolivia is one of the poorest and least developed countries in Latin America. Following a disastrous economic crisis during the early 1980s, reforms spurred private investment, stimulated economic growth, and cut poverty rates in the 1990s. The period 2003-05 was characterized by political instability, racial tensions, and violent protests against plans - subsequently abandoned - to export Bolivia's newly discovered natural gas reserves to large northern hemisphere markets. In 2005, the government passed a controversial hydrocarbons law that imposed significantly higher royalties and required foreign firms then operating under risk-sharing contracts to surrender all production to the state energy company in exchange for a predetermined service fee. After higher prices for mining and hydrocarbons exports produced a fiscal surplus in 2008, the global recession in 2009 slowed growth. A decline in commodity prices that began in late 2008, a lack of foreign investment in the mining and hydrocarbon sectors, a poor infrastructure, and the suspension of trade benefits with the United States will pose challenges for the Bolivian economy.

GDP (purchasing power parity):
$47.98 billion (2010 est.)
country comparison to the world: 91

$46.22 billion (2009 est.)
$44.7 billion (2008 est.)
note: data are in 2010 US dollars
[see also: GDP (purchasing power parity) country ranks ]

GDP (official exchange rate):
$19.18 billion (2009 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
3.8% (2010 est.)
country comparison to the world: 87

3.4% (2009 est.)
6.1% (2008 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$4,800 (2010 est.)
country comparison to the world: 151

$4,700 (2009 est.)
$4,700 (2008 est.)
note: data are in 2010 US dollars
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
agriculture: 11%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 38%
[see also: GDP - composition by sector - industry country ranks ]
services: 51% (2008 est.)
[see also: GDP - composition by sector - services country ranks ]

Labor force:
4.614 million (2009 est.)
country comparison to the world: 78
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 40%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 17%
[see also: Labor force - by occupation - industry country ranks ]
services: 43% (2006 est.)
[see also: Labor force - by occupation - services country ranks ]

Unemployment rate:
8.3% (2010 est.)
country comparison to the world: 94

7.7% (2009 est.)
note: data are for urban areas; widespread underemployment
[see also: Unemployment rate country ranks ]

Population below poverty line:
30.3% of population living on less than $2/day (2006 est.)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: 0.5%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 44.1% (2005)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Distribution of family income - Gini index:
58.2 (2009)
country comparison to the world: 9

44.7 (1999)
[see also: Distribution of family income - Gini index country ranks ]

Investment (gross fixed):
17.5% of GDP (2009 est.)
country comparison to the world: 113
[see also: Investment (gross fixed) country ranks ]

Budget:
revenues: $8.064 billion
[see also: Budget - revenues country ranks ]
expenditures: $8.161 billion (2009 est.)
[see also: Budget - expenditures country ranks ]

Public debt:
40.3% of GDP (2010 est.)
country comparison to the world: 71

40.3% of GDP (2009 est.)
[see also: Public debt country ranks ]

Inflation rate (consumer prices):
2.1% (2010 est.)
country comparison to the world: 56

3.3% (2009 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
3% (31 October 2010)
country comparison to the world: 26

13% (31 December 2008)
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
10% (31 December 2010 est.)
country comparison to the world: 70

12.36% (31 December 2009 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$4.374 billion (31 December 2010 est)

$3.524 billion (31 December 2009 est)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$12.16 billion (31 December 2009)

$11.04 billion (31 December 2008)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$8.314 billion (31 December 2008 est.)
country comparison to the world: 99

$7.233 billion (31 December 2007 est.)
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$2.792 billion (31 December 2009)
country comparison to the world: 91

$2.672 billion (31 December 2008)
$2.263 billion (31 December 2007)
[see also: Market value of publicly traded shares country ranks ]

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

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

Industrial production growth rate:
4% (2009 est.)
country comparison to the world: 80
[see also: Industrial production growth rate country ranks ]

Electricity - production:
5.495 billion kWh (2007 est.)
country comparison to the world: 111
[see also: Electricity - production country ranks ]

Electricity - consumption:
4.665 billion kWh (2007 est.)
country comparison to the world: 112
[see also: Electricity - consumption country ranks ]

Electricity - exports:
0 kWh (2008 est.)
[see also: Electricity - exports country ranks ]

Electricity - imports:
0 kWh (2008 est.)
[see also: Electricity - imports country ranks ]

Oil - production:
47,050 bbl/day (2009 est.)
country comparison to the world: 66
[see also: Oil - production country ranks ]

Oil - consumption:
59,000 bbl/day (2009 est.)
country comparison to the world: 93
[see also: Oil - consumption country ranks ]

Oil - exports:
10,950 bbl/day (2007 est.)
country comparison to the world: 96
[see also: Oil - exports country ranks ]

Oil - imports:
6,172 bbl/day (2007 est.)
country comparison to the world: 152
[see also: Oil - imports country ranks ]

Oil - proved reserves:
465 million bbl (1 January 2010 est.)
country comparison to the world: 48
[see also: Oil - proved reserves country ranks ]

Natural gas - production:
14.2 billion cu m (2008 est.)
country comparison to the world: 35
[see also: Natural gas - production country ranks ]

Natural gas - consumption:
2.41 billion cu m (2008 est.)
country comparison to the world: 78
[see also: Natural gas - consumption country ranks ]

Natural gas - exports:
11.79 billion cu m (2008 est.)
country comparison to the world: 18
[see also: Natural gas - exports country ranks ]

Natural gas - imports:
0 cu m (2008 est.)
country comparison to the world: 79
[see also: Natural gas - imports country ranks ]

Natural gas - proved reserves:
750.4 billion cu m (1 January 2010 est.)
country comparison to the world: 30
[see also: Natural gas - proved reserves country ranks ]

Current account balance:
$878 million (2010 est.)
country comparison to the world: 46

$800.7 million (2009 est.)
[see also: Current account balance country ranks ]

Exports:
$6.058 billion (2010 est.)
country comparison to the world: 103

$4.848 billion (2009 est.)
[see also: Exports country ranks ]

Exports - commodities:
natural gas, soybeans and soy products, crude petroleum, zinc ore, tin

Exports - partners:
Brazil 41.38%, US 13.87%, Japan 5.62%, Colombia 5.32%, South Korea 4.7%, Peru 4.16% (2009)

Imports:
$5.006 billion (2010 est.)
country comparison to the world: 115

$4.095 billion (2009 est.)
[see also: Imports country ranks ]

Imports - commodities:
petroleum products, plastics, paper, aircraft and aircraft parts, prepared foods, automobiles, insecticides, soybeans

Imports - partners:
Brazil 27.12%, Argentina 15.69%, US 12.77%, Chile 9.11%, Peru 6.85% (2009)

Reserves of foreign exchange and gold:
$8.739 billion (31 December 2010 est.)
country comparison to the world: 57

$8.581 billion (31 December 2009 est.)
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$6.13 billion (31 December 2010 est.)
country comparison to the world: 99

$5.653 billion (31 December 2009 est.)
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
$NA (31 December 2009)

$5.998 billion (31 December 2008)
[see also: Stock of direct foreign investment - at home country ranks ]

Stock of direct foreign investment - abroad:
$NA (31 December 2010)

$63.8 million (31 December 2008)
[see also: Stock of direct foreign investment - abroad country ranks ]

Exchange rates:
bolivianos (BOB) per US dollar - 7.0699 (2010), 7.07 (2009), 7.253 (2008), 7.8616 (2007), 8.0159 (2006)


NOTE: The information regarding Bolivia on this page is re-published from the 2011 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Bolivia Economy 2011 information contained here. All suggestions for corrections of any errors about Bolivia Economy 2011 should be addressed to the CIA.



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This page was last modified 09-Feb-11
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