Bolivia Economic Outlook
November 6, 2018Recently-released GDP data revealed the economy maintained robust momentum in Q2, with year-on-year growth holding steady at Q1’s 4.4%. The second-quarter expansion was underpinned by strong private consumption and buoyant exports, which rose at the fastest clip in over three years thanks to higher shipments of zinc and natural gas. Available data also indicates that upbeat activity carried over into Q3. Healthy growth of remittances through August coupled with reduced inflationary pressures likely propped up household spending in the quarter. Meanwhile, on the external front, sturdy growth of export revenues in July and August, largely thanks to higher prices for hydrocarbons and minerals, contributed to a significant reduction of the year-to-date trade deficit from a year earlier.
Bolivia Economic GrowthStrong growth should carry over into next year, supported by firm private spending and continued government stimulus. An improving price outlook for the country’s main exports, natural gas and minerals, should also contribute in narrowing its external imbalances. Met the why particular panelists project the economy to expand 4.2% in 2019, up 0.2 percentage points from last month’s estimate, and 3.8% in 2020.
Bolivia Economy Data
5 years of Bolivia economic forecasts for more than 30 economic indicators.
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|Exchange Rate||6.93||-0.14 %||Nov 13|
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