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Indicators of economy in Bolivia

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12.259 USD per capita. GDP in Bolivia, on the other hand, reached USD 3.415 per capita, or 40.41 billion USD in the whole country. Bolivia is therefore currently ranked 94 of the major economies. If this is calculated per inhabitant taking into account the purchasing power parity, then Bolivia is in the list of the world's richest countries in place 116.

Inflation in Bolivia was in 2021 at around 0.74%. Within the EU, the average in the same year was 2.55%. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 63.8% lower.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.


Back to overview: Bolivia

Impact of the Covid-19 pandemic

The consequences of the Covid pandemic in 2020 were considerable in Bolivia. Overall, gross domestic product in 2020 fell from 40.90 billion US Dollar auf 36.63 billion US Dollar. With a large drop of 10.43 percent, the economy in Bolivia has struggled significantly more than other countries. The tourism sector alone slumped by around 75 percent. The unemployment rate rose from 3.8 to 7.9 percent. The inflation rate has fallen from 1.8 percent previously to 0.9 percent by the end of 2020.

Unemployment rates in percent 1991 - 2021

Economic performance 2021

 Bolivia
Total
Bolivia
per capita
EU
Total
EU
per capita
GDP40.41 bn USD3,414.89 USD17.09 tn USD33,228.68 USD
Gross national product39.77 bn USD3,361.36 USD16.78 tn USD32,621.03 USD


Development of the Gross domestic product in billion US Dollar 1960 - 2021



Im- and Exports 2021

 Bolivia
Total
Bolivia
per capita
EU
Total
EU
per capita
Imports10.68 bn USD902.14 USD8,916.24 bn USD17,337.55 USD
Exports11.33 bn USD957.15 USD9,554.34 bn USD18,578.33 USD


Development of imports and exports in billions of USD 1976 - 2021

Exports
Imports



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