Bolivia Economic Outlook
March 12, 2019The economy grew 3.3% year-on-year in Q3 2018, down markedly from the previous quarter (Q2 2018: +4.4% yoy). Notably, fixed investment contracted on the heels of almost three years of continuous expansion, although a jump in public spending and sturdy private spending cushioned the losses. Moreover, export growth slowed amid lower demand from Argentina and Brazil, while fiscal woes have been mounting. On 1 March, President Evo Morales, hoping to be re-elected in October, launched his universal healthcare plan at a time when increasing external debt is already weighing on international reserves, which are key to maintaining the currency’s peg to the dollar.
Bolivia Economic GrowthGrowth is seen moderating this year, although remaining above the regional average, aided by faster household and government spending. That said, fixed investment will continue to lose momentum. Meanwhile, volatility in commodity markets, due to the country’s reliance on exports of natural gas and zinc ore, is a key downside risk. Our panel expects the economy to expand 4.3% this year, which is 0.1 percentage points up from last month’s forecast, and 3.9% in 2020.
Bolivia Economy Data
5 years of Bolivia economic forecasts for more than 30 economic indicators.
Get a sample report showing our regional, country and commodities data and analysis.
|Exchange Rate||6.94||-0.14 %||Mar 20|
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.