Economy Of Bolivia - Bolivia Information

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Economy Of Bolivia
Bolivia Information - Country Guides

Economy overview	Bolivia, long one of the poorest and least developed Latin American countries, made considerable progress in the 1990s toward the development of a market-oriented economy. Successes under President SANCHEZ DE LOZADA (1993-97) included the signing of a free trade agreement with Mexico and becoming an associate member of the Southern Cone Common Market (Mercosur), as well as the privatization of the state airline, telephone company, railroad, electric power company, and oil company. Growth slowed in 1999, in part due to tight government budget policies, which limited needed appropriations for anti-poverty programs, and the fallout from the Asian financial crisis. In 2000, major civil disturbances held down growth to 2.5%. Bolivia's GDP failed to grow in 2001 due to the global slowdown and laggard domestic activity. Growth picked up slightly in 2002, but the first quarter of 2003 saw extensive civil riots and looting and loss of confidence in the government. Bolivia will remain highly dependent on foreign aid unless and until it can develop its substantial natural resources.
GDP	purchasing power parity - $21.01 billion (2004 est.)
GDP - real growth rate	2.5% (2004 est.)
GDP - per capita	purchasing power parity - $2,400 (2004 est.)
GDP - composition by sector	agriculture: 15% industry: 33.2% services: 51.9% (2003 est.)
Investment gross fixed	12.4% of GDP (2004 est.)
Population below poverty line	70% (1999 est.)
Household income or consumption by percentage share	lowest 10%: 1.3% highest 10%: 32% (1999)
Distribution of family income - Gini index	44.7 (1999)
Inflation rate consumer prices	3.3% (2004 est.)
Labor force	4.1 million (2004 est.)
Labor force by occupation	agriculture NA, industry NA, services NA
Unemployment rate	11.7% note: widespread underemployment (2004 est.)
Budget	revenues: $2.346 billion expenditures: $2.957 billion, including capital expenditures of $na (2004 est.)
Public debt
Agriculture products	soybeans, coffee, coca, cotton, corn, sugarcane, rice, potatoes; timber
Industries	mining, smelting, petroleum, food and beverages, tobacco, handicrafts, clothing
Industrial production growth rate	3.9% (1998)
Electricity production	3.901 billion kWh (2001)
Electricity production by source	fossil fuel: 44.4% hydro: 54% other: 1.5% (2001) nuclear: 0%
Electricity consumption	3.634 billion kWh (2001)
Electricity exports	3 million kWh (2001)
Electricity imports	9 million kWh (2001)
Oil production	44,340 bbl/day (2004 est.)
Oil consumption	49,000 bbl/day (2001 est.)
Oil exports	NA (2001)
Oil imports	NA (2001)
Oil proved reserves	458.8 million bbl (1 January 2002)
Natural gas production	4.05 billion cu m (2001 est.)
Natural gas consumption	1.15 billion cu m (2001 est.)
Natural gas exports	2.9 billion cu m (2001 est.)
Natural gas imports	0 cu m (2001 est.)
Natural gas proved reserves	727.2 billion cu m (1 January 2002)
Current account balance	$50 million (2004 est.)
Exports	$1.495 billion f.o.b. (2004 est.)
Exports commodities	soybeans, natural gas, zinc, gold, wood (2000)
Exports partners	Brazil 37%, Venezuela 12.9%, Colombia 11.9%, US 11.5%, Peru 5.1% (2003)
Imports	$1.505 billion f.o.b. (2003 est.)
Imports commodities	capital goods, raw materials and semi-manufactures, chemicals, petroleum, food
Imports partners	Brazil 25.2%, Argentina 22.3%, US 12%, Chile 9.3%, Peru 5.8% (2003)
Reserves of foreign exchange gold	$1.096 billion (2004 est.)
Debt external	$5.332 billion (2004 est.)
Economic aid recipient	$588 million (1997)
Currency	boliviano (BOB)
Currency code	BOB
Exchange rates	bolivianos per US dollar - 7.6592 (2003), 7.17 (2002), 6.6069 (2001), 6.1835 (2000), 5.8124 (1999)
Fiscal year	calendar year

Bolivian Flag Map Of Bolivia

Economy Of BoliviaBolivia Information - Country Guides

Economy Of Bolivia
Bolivia Information - Country Guides