Bolivia Economic Outlook
May 14, 2019Economic growth decelerated in the final quarter of last year (Q4: +3.3% year-on-year; Q3: +4.0% yoy). The slowdown was largely owing to a spike in oil import prices, although overall fundamentals remained healthy nonetheless. Household spending powered the expansion, amid low inflation and a tight labor market. Moreover, fixed investment bounced back, seemingly bolstered by new projects in the mining sector, while exports accelerated despite volatility in neighboring Argentina and Brazil. Meanwhile, in April, President Evo Morales made progress on a trade deal with Argentina, which would allow Bolivia to export LNG to global markets through the Atlantic coast, in exchange for importing oil from its neighbor.
Bolivia Economic GrowthGrowth is seen moderating this year as a slowdown in neighboring economies weighs on export growth. Bolivia should remain one of the fastest growing economies in the region nonetheless, underpinned by healthy domestic activity. Increased government spending ahead of October’s presidential elections could deepen the country’s fiscal woes, however. Our panel expects the economy to expand 4.1% this year, which is down 0.1 percentage points from last month’s forecast, and 3.7% 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 %||May 13|
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