Countries
Bolivia
Key Economic Indicators
$159.85 billion
$12,878
-1.12%
5.1%
2.97%
$49.668 billion (2024 est.)
<strong>note:</strong> data cover general government debt and includes debt inst
$-1,407,061,487
Economic Overview
resource-rich economy benefits during commodity booms; has bestowed juridical rights to Mother Earth, impacting extraction industries; increasing Chinese lithium mining trade relations; hard hit by COVID-19; increased fiscal spending amid poverty increases; rampant banking and finance corruption
All Economic Data
Agricultural products
sugarcane, soybeans, maize, potatoes, sorghum, rice, milk, chicken, plantains, beef (2023)
note:
<b>note:</b> top ten agricultural products based on tonnage
Average household expenditures
On alcohol and tobacco:
2.2% of household expenditures (2023 est.)
On food:
29.3% of household expenditures (2023 est.)
Budget
Expenditures:
$14.75 billion (2019 est.)
Revenues:
$11.796 billion (2019 est.)
Currency
code:
BOB
name:
Bolivian boliviano (BOB) [Bs.]
Current account balance
$-1,407,061,487
Current account balance 2021:
$1.581 billion (2021 est.)
Current account balance 2022:
$939.084 million (2022 est.)
Current account balance 2023:
-$1.15 billion (2023 est.)
Note:
<b>note:</b> balance of payments - net trade and primary/secondary income in current dollars
Debt - external
$15.72 billion
Debt - external 2023:
$11.174 billion (2023 est.)
Note:
<b>note:</b> present value of external debt in current US dollars
Exchange rates
Currency:
bolivianos (BOB) per US dollar -
Exchange rates 2020:
6.91 (2020 est.)
Exchange rates 2021:
6.91 (2021 est.)
Exchange rates 2022:
6.91 (2022 est.)
Exchange rates 2023:
6.91 (2023 est.)
Exchange rates 2024:
6.91 (2024 est.)
Exports
$11.76 billion
Exports 2021:
$11.594 billion (2021 est.)
Exports 2022:
$14.465 billion (2022 est.)
Exports 2023:
$11.905 billion (2023 est.)
Note:
<b>note:</b> balance of payments - exports of goods and services in current dollars
Exports - commodities
gold, natural gas, precious metal ore, zinc ore, soybean meal (2023)
note:
<b>note:</b> top five export commodities based on value in dollars
Exports - partners
Brazil 15%, India 13%, China 11%, Argentina 11%, UAE 8% (2023)
note:
<b>note:</b> top five export partners based on percentage share of exports
Foreign direct investment
net inflows:
$387.03 million
GDP - composition, by end use
Exports of goods and services:
25.5% (2023 est.)
Government consumption:
19.3% (2023 est.)
Household consumption:
68.5% (2023 est.)
Imports of goods and services:
-30.9% (2023 est.)
Investment in fixed capital:
17.5% (2023 est.)
Investment in inventories:
0.1% (2023 est.)
Note:
<b>note:</b> figures may not total 100% due to rounding or gaps in data collection
GDP - composition, by sector of origin
Agriculture:
13.5% (2023 est.)
Industry:
24.2% (2023 est.)
Note:
<b>note:</b> figures may not total 100% due to non-allocated consumption not captured in sector-reported data
Services:
51.1% (2023 est.)
GDP (official exchange rate)
$49.668 billion (2024 est.)
note:
<b>note:</b> data in current dollars at official exchange rate
GDP per capita (nominal)
$4,421
Gini Index coefficient - distribution of family income
41.6 (2019)
Gini Index coefficient - distribution of family income 2023:
42.1 (2023 est.)
Note:
<b>note:</b> index (0-100) of income distribution; higher values represent greater inequality
GNI (gross national income)
$53.77 billion
GNI per capita
$4,160
Gross domestic investment
18 % of GDP
Household income or consumption by percentage share
Highest 10%:
31.3% (2023 est.)
Lowest 10%:
1.8% (2023 est.)
Note:
<b>note:</b> % share of income accruing to lowest and highest 10% of population
Imports
$14.02 billion
Imports 2021:
$10.187 billion (2021 est.)
Imports 2022:
$13.462 billion (2022 est.)
Imports 2023:
$12.988 billion (2023 est.)
Note:
<b>note:</b> balance of payments - imports of goods and services in current dollars
Imports - commodities
refined petroleum, cars, pesticides, trucks, plastics (2023)
note:
<b>note:</b> top five import commodities based on value in dollars
Imports - partners
China 22%, Brazil 18%, Chile 13%, USA 7%, Peru 5% (2023)
note:
<b>note:</b> top five import partners based on percentage share of imports
Industrial production growth rate
1.1% (2023 est.)
note:
<b>note:</b> annual % change in industrial value added based on constant local currency
Industries
mining, smelting, electricity, petroleum, food and beverages, handicrafts, clothing, jewelry
Inflation rate (consumer prices)
5.1%
Inflation rate (consumer prices) 2022:
1.7% (2022 est.)
Inflation rate (consumer prices) 2023:
2.6% (2023 est.)
Inflation rate (consumer prices) 2024:
5.1% (2024 est.)
Note:
<b>note:</b> annual % change based on consumer prices
Labor force
6.859 million (2024 est.)
note:
<b>note:</b> number of people ages 15 or older who are employed or seeking work
total:
6.98 million persons
Labor force - by occupation
agriculture:
24.71%
industry:
19.79%
services:
55.49%
Population below poverty line
37.7% (2022 est.)
note:
<b>note:</b> % of population with income below national poverty line
Public debt
Note:
<strong>note:</strong> data cover general government debt and includes debt instruments issued by government entities other than the treasury; the data include treasury debt held by foreign entities; the data include debt issued by subnational entities
Public debt 2017:
49% of GDP (2017 est.)
Real GDP (purchasing power parity)
$159.85 billion
Note:
<b>note:</b> data in 2021 dollars
Real GDP (purchasing power parity) 2022:
$116.927 billion (2022 est.)
Real GDP (purchasing power parity) 2023:
$120.531 billion (2023 est.)
Real GDP (purchasing power parity) 2024:
$122.2 billion (2024 est.)
Real GDP growth rate
-1.12%
Note:
<b>note:</b> annual GDP % growth based on constant local currency
Real GDP growth rate 2022:
3.6% (2022 est.)
Real GDP growth rate 2023:
3.1% (2023 est.)
Real GDP growth rate 2024:
1.4% (2024 est.)
Real GDP per capita
$12,878
Note:
<b>note:</b> data in 2021 dollars
Real GDP per capita 2022:
$9,700 (2022 est.)
Real GDP per capita 2023:
$9,800 (2023 est.)
Real GDP per capita 2024:
$9,800 (2024 est.)
Remittances
$1.28 billion
Note:
<b>note:</b> personal transfers and compensation between resident and non-resident individuals/households/entities
Remittances 2021:
3.5% of GDP (2021 est.)
Remittances 2022:
3.3% of GDP (2022 est.)
Remittances 2023:
3.2% of GDP (2023 est.)
Reserves of foreign exchange and gold
$1.98 billion
Note:
<b>note:</b> holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars
Reserves of foreign exchange and gold 2022:
$3.752 billion (2022 est.)
Reserves of foreign exchange and gold 2023:
$1.8 billion (2023 est.)
Reserves of foreign exchange and gold 2024:
$1.977 billion (2024 est.)
Unemployment rate
2.97%
Note:
<b>note:</b> % of labor force seeking employment
Unemployment rate 2022:
3.6% (2022 est.)
Unemployment rate 2023:
3.1% (2023 est.)
Unemployment rate 2024:
3.1% (2024 est.)
Youth unemployment rate (ages 15-24)
Female:
5.8% (2024 est.)
Male:
4.8% (2024 est.)
Note:
<b>note:</b> % of labor force ages 15-24 seeking employment
Total:
5.2% (2024 est.)
Economic Rankings
Gini Index
#50
External Debt
#54
GDP (PPP)
#85
GDP (Nominal)
#93
Exports
#102
Imports
#109
Reserves
#112
GDP per Capita
#119
Unemployment Rate
#135
GDP Growth Rate
#141
Inflation Rate
#162
Quick Facts
Industries
mining, smelting, electricity, petroleum, food and beverages, handicrafts, clothing, jewelry
Agricultural products
sugarcane, soybeans, maize, potatoes, sorghum, rice, milk, chicken, plantains, beef (2023)
Labor force
6.859 million (2024 est.)
Exports - partners
Brazil 15%, India 13%, China 11%, Argentina 11%, UAE 8% (2023)
Imports - partners
China 22%, Brazil 18%, Chile 13%, USA 7%, Peru 5% (2023)
Exchange rates
bolivianos (BOB) per US dollar -
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