Economy of Bolivia
Population: 11.35 M (2018)
GDP per Capita: 3,549 USD (2018)
40,290 M.

GDP USD

(2018)

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10,470 M.

EXPORTS USD

(2018)

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12,540 M.

IMPORTS USD

(2018)

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51.26 %

PUBLIC DEBT

(2017)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 4.22 % (2018)
GDP of 2010 USD USD 29.10 B. (2018)
GDP Current USD USD 40.29 B. (2018)
GDP per Capita Current USD USD 3,549 (2018)
GDP per capita, PPP USD 6,986 (2018)
GDP per Capita, 2010 USD USD 2,560 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 17.53 % (2018)
Government Spending USD 7.06 B. (2018)
Government Debt % GDP 51.26 % (2017)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 108.63 (2018)
Trade Openness 57.11 % (2018)
Exports of Goods and Services % GDP 25.99 % (2018)
Exports Goods & Services USD 10.47 B. (2018)
Exports Annual Growth 5.19 % (2018)
Imports as % GDP 31.12 % (2018)
Total Imports USD 12.54 B. (2018)
Foreign Direct Investment % GDP 0.63 % (2018)
Foreign Direct Investment USD 0.26 B. (2018)
Current Account Balance % GDP USD -4.94 % (2018)
Current Account Balance USD -1.99 B. (2018)
Trade Balance % GDP % (2018)
Trade Balance USD -2.27 B. (2018)
Foreign Exchange Reserves incl Gold USD 8.93 B. (2018)
Remittances % GDP 3.45 % (2018)
Remittances USD 1,370 M. (2018)
Balance of Payments USD 192 M. (2014)

Labor Market

Indicator Value
Labor Force 5.42 M. (2019)
Unemployment Rate 3.27 % (2019)
Unemployment Rate Females 3.81 % (2019)
Unemployment Rate Males 3.25 % (2019)
Youth Unemployment (ages 15-24) 7.53 % (2019)
Labor Force Participation Rate 67.90 % (2019)
Labor Force (Percent Female) 44.16 % (2019)
Female Labor Force Participation Rate 56.61 % (2019)
Male Labor Force Participation Rate 79.36 % (2019)
Dependent People 61.98 % (2018)

Agriculture Sector

Indicator Value
Forest Area 50.30 % (2016)
Forest Area km² 544,750 km² (2016)
Agricultural Land 34.79 % (2016)
Agricultural Land km² 376,850 km² (2016)
Employment 27.96 % (2019)
Value added % GDP 11.48 % (2018)
Agriculture Value added USD 4.63 B. (2018)
Crop Production Index 153.90 (2016)
Precipitation 1,146 mm (2014)
Arable Land 4 % (2016)
Cereal Yield 1,869 kg/hectare (2017)
Food production index 146 (2016)
Rural Population 31 % (2018)
Fertilizer use of Arable Land 8 kg/hectare (2016)
Livestock Production Index 135 (2016)
Economy of Bolivia

According to the World Bank and its latest published data, the economy of the Bolivia presents a growth rate of 4.22 % (2018) to the previous year.

With a population that reaches 11.35 M (2018) and a gross domestic product of USD 40.29 B. (2018), it translates a Gross Domestic Product per Capita of USD 3,549 placing its inhabitants on the threshold of an Lower middle income country (according to the World Bank's updated classification).

Bolivia also has a workforce of 5.42 M. (2019) with an unemployment rate of 3.27 % (2019), where women represent 3.81 % (2019) and men 3.25 % (2019), the unemployment rate for young people between 15-24 years old stood at 7.53 % (2019). The total number of dependent people stands at 61.98 % (2018).

The central government spent 17.53 % (2018) of its gross domestic product that year, which in absolute terms is USD 7.06 B. (2018). Its consolidated public debt reached 51.26 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Bolivia exported USD 10.47 B. (2018), which represents 25.99 % (2018) of its gross domestic product, in that same sense its imports reached USD 12.54 B. (2018) with a direct foreign investment of USD 0.26 B. (2018).

Bolivia has a forest area of 544,750 km² (2016), which represents 50.30 % (2016) of its total area, an average rainfall of 1,146 mm (2014) per year and a population of 31 % (2018) living in rural areas. With a total area of 376,850 km² (2016) available for agriculture and 27.96 % (2019) of its employments, the agricultural sector contributes to the economy of the Bolivia about USD 4.63 B. (2018) (11.48 % (2018) of its GDP).