Economy ofBolivia
Centro de La Paz al atardecer.jpg
La Paz, the financial centre of Bolivia
CurrencyBolivian Boliviano (BOB)
Fiscal year
Calendar year
Trade organizations
WTO, CAN, UNASUR, Mercosur (candidate)
Country group
  • Developing/Emerging
  • Lower-middle income economy
Statistics
PopulationIncrease 11,353,142 (2018)
GDP
  • Increase $43.100 billion (nominal, 2021 est.)
  • Increase $105.063 billion (PPP, 2021 est.)
GDP rank
  • 91st (nominal, 2021)
  • 92nd (PPP, 2021)
GDP growth
  • 4.2% (2018) 2.7% (2019e)
  • −5.9% (2020f) 2.2% (2021f)
GDP per capita
  • Decrease $3,624 (nominal, 2021 est.)
  • Increase $8,832 (PPP, 2021 est.)
GDP per capita rank
  • 119th (nominal, 2021)
  • 117th (PPP, 2021)
GDP by sector
  • agriculture: 13.8%
  • industry: 37.8%
  • services: 48.2%
  • (2017 est.)
Inflation (CPI)
3.1% (2020 est.)
Population belowpoverty line
  • Positive decrease 34.6% (2018)
  • Positive decrease 10.6% on less than $3.20/day (2018)
Gini coefficient
Positive decrease 42.2medium(2018)
Human Development Index
  • Increase 0.703high(2018) (114th)
  • 0.533lowIHDI (2018)
Labor force
  • Increase 5,423,333 (2019)
  • Increase 69.3% employment rate (2018)
Labor force by occupation
  • agriculture: 29.4%
  • industry: 22%
  • services: 48.6%
  • (2015 est.)
Unemployment
  • Steady 4% (2017 est.)
  • note: data are for urban areas; widespread underemployment
Main industries
mining, smelting, petroleum, food and beverages, tobacco, handicrafts, clothing, jewelry
Ease-of-doing-business rank
Increase 150th (below average, 2020)
External
ExportsIncrease $9.060 billion (2018 est.)
Export goods
natural gas, silver, zinc, lead, tin, gold, quinoa, soybeans and soy products
Main export partners
  •  Brazil 17.9%
  •  Argentina 16%
  •  United States 7.8%
  •  Japan 7.3%
  •  India 6.6%
  •  South Korea 6.3%
  •  Colombia 5.8%
  •  China 5.1%
  •  United Arab Emirates 4.7%
  • (2017)
ImportsIncrease $9.996 billion (2019 est.)
Import goods
machinery, petroleum products, vehicles, iron and steel, plastics
Main import partners
  •  China 21.7%
  •  Brazil 16.8%
  •  Argentina 12.6%
  •  United States 8.4%
  •  Peru 6.5%
  • (2017)
FDI stock
  • Increase $12.31 billion (31 December 2017 est.)
  • Steady Abroad: $0 (31 December 2017 est.)
Current account
Decrease −$2.375 billion (2017 est.)
Grossexternal debt
Negative increase $12.81 billion (31 December 2017 est.)
Public finances
Public debt
Positive decrease 24.5% of GDP (2019 est.)
Budget balance
−7.8% (of GDP) (2017 est.)
Revenues15.09 billion (2017 est.)
Expenses18.02 billion (2017 est.)
Economic aidrecipient:$726 million (2009 est.)
Credit rating
B+ (Domestic)
B+ (Foreign)
B+ (T&C Assessment)
(Standard & Poor's)
Foreign reserves
Increase $10.26 billion (31 December 2017 est.)
Main data source:CIA World Fact Book
All values, unless otherwise stated, are in US dollars.