Bolivia Economic Outlook
June 11, 2019Growth moderated in the final quarter of last year (Q4 2018: +3.3% year-on-year; Q3: +4.0% yoy), constrained by a spike in imports. Nevertheless, fundamentals remained healthy: Household spending maintained solid momentum supported by low inflation, while fixed investment bounced back. First-quarter economic activity likely softened, however. Lower remittances in Q1 seems to have pinched consumption, despite low price pressures, and a fall in LNG prices in the same period likely weighed on merchandise export growth. Meanwhile, S&P Global Ratings ratified Bolivia’s BB- rating with a stable outlook, citing that its low debt burden and resilient external sector should it is the fastest growing country in the region this year.
Bolivia Economic GrowthThe economy should maintain solid momentum in the near-term. This year, household spending is expected to accelerate amid stronger credit growth, while new mining projects should buttress fix investment. A widening of the fiscal deficit ahead of October’s presidential election and volatility in commodity markets pose key downside risks to the outlook. Our panel expects the economy to expand 4.1% this year, which is unchanged 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 %||Jun 13|
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