Bolivia Economic Forecast

Bolivia Economic Outlook

September 12, 2018

Available data points to a continuation of healthy economic activity, following a solid first quarter expansion that was driven by resilient private consumption and a strong rebound in exports. Remittance inflows continued to rise at a healthy pace through June, with the bulk coming from Spain and the United States. This likely lent support to household incomes, which, coupled with relatively low inflation, bodes well for consumer spending in the second quarter. On the external front, merchandise exports grew by nearly a fifth in January–July, chiefly on the back of higher shipments of natural gas and oil, which contributed to a notable reduction in the year-to-date trade deficit.

Bolivia Economic Growth

Economic growth should remain broadly stable this year and among the strongest in the region despite heightened uncertainty and volatility in the global trade and finance environment, to which the region is highly sensitive. Buoyant public investment should continue powering growth ahead, while higher prices for key export products, such as oil and certain minerals, bode well for the external sector. Met the why particular panelists project growth of 4.2% in 2018, up 0.1 percentage points from last month’s estimate, and 4.0% in 2019.

Bolivia Economy Data

20132014201520162017
Population (million)11.411.611.711.911.1
GDP per capita (USD)2,9483,1243,0863,1143,388
GDP (USD bn)30.733.033.133.937.5
Economic Growth (GDP, annual variation in %)6.85.54.94.34.2
Consumption (annual variation in %)6.45.65.83.1-  
Investment (annual variation in %)11.79.95.03.411.8
Unemployment Rate4.04.04.04.0-  
Fiscal Balance (% of GDP)0.7-3.4-6.9-6.6-  
Public Debt (% of GDP)36.137.011.646.2-  
Money (annual variation in %)17.717.116.3-3.98.2
Inflation Rate (CPI, annual variation in %, eop)6.55.23.04.02.7
Inflation Rate (CPI, annual variation in %)5.75.84.13.62.8
Policy Interest Rate (%)11.418.007.367.827.86
Exchange Rate (vs USD)6.916.916.906.946.94
Exchange Rate (vs USD, aop)6.966.916.906.916.95
Current Account (% of GDP)2.41.7-5.8-5.7-6.3
Current Account Balance (USD bn)0.70.6-1.9-1.9-2.4
Trade Balance (USD billion)2.52.1-1.2-1.5-1.6
Exports (USD billion)12.212.88.77.07.8
Imports (USD billion)9.711.79.88.59.3
Exports (annual variation in %)3.65.4-32.2-19.411.7
Imports (annual variation in %)12.911.1-7.8-13.59.3
International Reserves (USD)12.513.211.48.38.2
External Debt (% of GDP)26.727.030.032.5-  

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Bolivia Facts

ValueChangeDate
Exchange Rate6.93-0.14 %Sep 20

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