Economy Overview
A lack of foreign investment in the key sectors of mining and hydrocarbons, along with conflict among social groups, pose challenges for the Bolivian economy. In 2015, President Evo MORALES expanded efforts to court international investment and boost Bolivia’s energy production capacity. MORALES passed an investment law and promised not to nationalize additional industries in an effort to improve the investment climate.
Agriculture Products
soybeans, quinoa, Brazil nuts, sugarcane, coffee, corn, rice, potatoes, chia, coca
Industries
mining, smelting, petroleum, food and beverages, tobacco, handicrafts, clothing, jewelry
Industrial Production Growth Rate
2.6% (2015 est.)
Labor Force
4.915 million (2015 est.)
Labor Force by Occupation
Agriculture: 32%
Industry: 20%
Services: 47.9% (2009 est.)
Unemployment Rate
7.3% (2014 est.)
Population Below Poverty Line
45%
Household Income or Consumption by Percentage Share
Lowest 10%: 0.8%
Highest 10%: 33.6% (2012 est.)
Distribution of Family Income Gini Index
57.9 (1999)
Budget
Revenues: $15.78 billion
Expenditures: $18.05 billion (2015 est.)
Public Debt
35.2% of GDP (2014 est.)
Central Bank Discount Rate
4% (31 december 2012)
Commercial Bank Prime Lending Rate
Stock of Narrow Money
$8.386 billion (31 December 2014 est.)
Stock of Broad Money
$17.4 billion (31 December 2012 est.)
Stock of Domestic Credit
$14.55 billion (31 December 2014 est.)
Market Value of Publicly Traded Shares
$6.089 billion (31 December 2011)
Reserves of Foreign Exchange and Gold
$15.12 billion (31 December 2014 est.)
Debt External
$8.781 billion (31 December 2014 est.)
Stock of Direct Foreign Investment at Home
$8.809 billion (31 December 2012)
Stock of Direct Foreign Investment Abroad
$0 (31 December 2012 est.)
Exchange Rates
6.9875 (2011 est.)
