Indicators of economy in Bolivia
The essential economic performance of a country is reflected by the gross domestic product, the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12,230 USD per capita. GDP in Bolivia, on the other hand, reached USD 3,345 per capita, or 40.41 billion USD for the whole country. Bolivia is therefore currently ranked 94 of the major economies. If this is calculated per inhabitant, taking purchasing power parity into account, then Bolivia ranks 126th in the list of the richest countries.Inflation in Bolivia in 2021 was around 0.74%. Within the EU, the average in the same year was 2.55 percent. In the United States, it was most recently 4.70%.
Compared with the USA, prices for daily consumer goods are around 63.8 percent lower.
The index for perceived corruption in the public sector is 30, which is rather poor by global standards.
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 dollars to 36.63 billion US dollars. 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 fell from 1.8 percent previously to 0.9 percent by the end of 2020.Unemployment rates in percentages 1991 - 2021
Economic performance 2021
Bolivia Total | Bolivia per capita | EU Total | EU per capita | |
---|---|---|---|---|
GDP | 40.41 bn USD | 3,345.20 USD | 17.177 tn USD | 33,384.92 USD |
Gross national product | 39.79 bn USD | 3,293.66 USD | 16.895 tn USD | 32,835.37 USD |
Development of gross domestic product in billions of USD 1960 - 2021
› Debt budget development
› Development of inflation
› Corruption in Bolivia
› Cost of living in a global comparison
› Development of inflation
› Corruption in Bolivia
› Cost of living in a global comparison
Imports and Exports 2021
Bolivia Total | Bolivia per capita | EU Total | EU per capita | |
---|---|---|---|---|
Imports | 10.68 bn USD | 883.73 USD | 8.916 tn USD | 17,329.02 USD |
Exports | 11.33 bn USD | 937.61 USD | 9.554 tn USD | 18,569.19 USD |
Development of imports and exports in billions of USD 1976 - 2021
Exports
Imports