| GEOGRAPHIC NAMES | GEOLOGY | USA STATS | CHINA STATS | COUNTRY CODES | AIRPORTS | RELIGION | JOBS |

Bolivia Economy 2012

SOURCE: 2012 CIA WORLD FACTBOOK AND OTHER SOURCES











Bolivia Economy 2012
SOURCE: 2012 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on February 21,

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. The global recession slowed growth, but Bolivia recorded the highest growth rate in South America during 2009. During 2010-11 increases in world commodity prices resulted in large trade surpluses. However, a lack of foreign investment in the key sectors of mining and hydrocarbons and higher food prices pose challenges for the Bolivian economy.

GDP (purchasing power parity):
$51.41 billion (2011 est.)
country comparison to the world: 92

$48.96 billion (2010 est.)
$47.02 billion (2009 est.)
note: data are in 2011 US dollars
[see also: GDP country ranks ]

GDP (official exchange rate):
$23.9 billion (2011 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
5% (2011 est.)
country comparison to the world: 74

4.1% (2010 est.)
3.4% (2009 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita (PPP):
$4,800 (2011 est.)
country comparison to the world: 150

$4,700 (2010 est.)
$4,600 (2009 est.)
note: data are in 2011 US dollars
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
agriculture: 12%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 38%
[see also: GDP - composition by sector - industry country ranks ]
services: 50% (2010 est.)
[see also: GDP - composition by sector - services country ranks ]

Labor force:
4.697 million (2011 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:
7.6% (2011 est.)
country comparison to the world: 87

7.8% (2010 est.)
note: data are for urban areas; widespread underemployment
[see also: Unemployment rate country ranks ]

Population below poverty line:
30.3%
note: based on percent of population living on less than the international standard of $2/day (2009 est.)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: 1%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 45.4% (2007)
[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: 10

57.9 (1999)
[see also: Distribution of family income - Gini index country ranks ]

Investment (gross fixed):
17.4% of GDP (2011 est.)
country comparison to the world: 149
[see also: Investment (gross fixed) country ranks ]

Budget:
revenues: $10.29 billion
[see also: Budget revenues country ranks ]
expenditures: $9.88 billion (2011 est.)
[see also: Budget expenditures country ranks ]

Taxes and other revenues:
43% of GDP (2011 est.)
country comparison to the world: 32
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
1.7% of GDP (2011 est.)
country comparison to the world: 25
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
38% of GDP (2011 est.)
country comparison to the world: 78

38.1% of GDP (2010 est.)
note: data cover general Government Debt, and includes debt instruments issued by Government entities other than the treasury; the data include treasury debt held by foreign entities; the data include debt issued by subnational entities
[see also: Public debt country ranks ]

Inflation rate (consumer prices):
10.1% (2011 est.)
country comparison to the world: 189

2.5% (2010 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
3% (31 December 2010 est.)
country comparison to the world: 99

3% (31 December 2009 est.)
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
10.9% (31 December 2011 est.)
country comparison to the world: 101

9.911% (31 December 2010 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$5.78 billion (31 December 2011 est.)
country comparison to the world: 90

$4.511 billion (31 December 2010 est.)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$13.75 billion (31 December 2010 est.)
country comparison to the world: 96

$12.16 billion (31 December 2009 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$7.553 billion (31 December 2011 est.)
country comparison to the world: 103

$6.05 billion (31 December 2010 est.)
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$3.388 billion (31 December 2010)
country comparison to the world: 89

$2.792 billion (31 December 2009)
$2.672 billion (31 December 2008)
[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% (2010 est.)
country comparison to the world: 91
[see also: Industrial production growth rate country ranks ]

Electricity - production:
6.085 billion kWh (2010 est.)
country comparison to the world: 108
[see also: Electricity - production country ranks ]

Electricity - consumption:
5.814 billion kWh (2010 est.)
country comparison to the world: 108
[see also: Electricity - consumption country ranks ]

Electricity - exports:
0 kWh (2009 est.)
[see also: Electricity - exports country ranks ]

Electricity - imports:
0 kWh (2010 est.)
[see also: Electricity - imports country ranks ]

Oil - production:
53,740 bbl/day (2010 est.)
country comparison to the world: 61
[see also: Oil - production country ranks ]

Oil - consumption:
62,000 bbl/day (2010 est.)
country comparison to the world: 93
[see also: Oil - consumption country ranks ]

Oil - exports:
5,621 bbl/day (2010 est.)
country comparison to the world: 103
[see also: Oil - exports country ranks ]

Oil - imports:
17,330 bbl/day (2010 est.)
country comparison to the world: 121
[see also: Oil - imports country ranks ]

Natural gas - production:
14.73 billion cu m (2010 est.)
country comparison to the world: 34
[see also: Natural gas - production country ranks ]

Natural gas - consumption:
3.01 billion cu m (2010 est.)
country comparison to the world: 73
[see also: Natural gas - consumption country ranks ]

Natural gas - exports:
11.72 billion cu m (2010 est.)
country comparison to the world: 19
[see also: Natural gas - exports country ranks ]

Natural gas - imports:
0 cu m (2010 est.)
country comparison to the world: 160
[see also: Natural gas - imports country ranks ]

Natural gas - proved reserves:
750.4 billion cu m (1 January 2011 est.)
country comparison to the world: 30
[see also: Natural gas - proved reserves country ranks ]

Current account balance:
$1.211 billion (2011 est.)
country comparison to the world: 45

$895 million (2010 est.)
[see also: Current account balance country ranks ]

Exports:
$8.188 billion (2011 est.)
country comparison to the world: 100

$6.179 billion (2010 est.)
[see also: Exports country ranks ]

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

Exports - partners:
Brazil 43.5%, US 12.3%, Peru 6.8%, Colombia 5.5%, Japan 5.1%, Argentina 4.8% (2010)

Imports:
$6.385 billion (2011 est.)
country comparison to the world: 110

$4.922 billion (2010 est.)
[see also: Imports country ranks ]

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

Imports - partners:
Brazil 27.4%, Argentina 17.3%, US 11.9%, Peru 9.6%, Chile 7.8%, China 4.1% (2010)

Reserves of foreign exchange and gold:
$10.78 billion (31 December 2011 est.)
country comparison to the world: 71

$9.73 billion (31 December 2010 est.)
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$6.856 billion (31 December 2011 est.)
country comparison to the world: 103

$6.164 billion (31 December 2010 est.)
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
$7.257 billion (31 December 2010)
country comparison to the world: 84

$6.876 billion (31 December 2009)
[see also: Stock of direct foreign investment - at home country ranks ]

Stock of direct foreign investment - abroad:
$21 million (31 December 2010)
country comparison to the world: 85

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

Exchange rates:
bolivianos (BOB) per US dollar -

6.983 (2011 est.)
7.07 (2010 est.)
7.07 (2009)
7.253 (2008)
7.8616 (2007)


NOTE: 1) The information regarding Bolivia on this page is re-published from the 2012 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Bolivia Economy 2012 information contained here. All suggestions for corrections of any errors about Bolivia Economy 2012 should be addressed to the CIA.
2) The rank that you see is the CIA reported rank, which may habe the following issues:
  a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
  b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order






This page was last modified 07-Mar-12
Copyright © 1995-2024 , ITA (all rights reserved).