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Map of Bolivia

In brief

The general election is scheduled for October 20th and president, Evo Morales, of the left-wing Movimiento al Socialismo who is seeking a fourth term, will face a close contest. Growth will average 4.1% in 2019-23, with the business environment hindered by interventionist policies and an overvalued currency. Higher public spending and a substantial current-account deficit will weigh on the fiscal balance and the large stock of foreign reserves, requiring some adjustments. 

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Economic growth

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Economic growth
(% unless otherwise indicated)
2018 2019 2020
US GDP 2.9 2.2 1.7
OECD GDP 2.2 1.7 1.6
World GDP 2.9 2.6 2.6
World trade 4.4 3.3 2.9
Source: The Economist Intelligence Unit

Expenditure on GDP

RO1 17 Mares Erogatore PRESTIGE 15x YOKE CON OCTOPUS MV
Mares regulator PRESTIGE 15x DIN300 COMPUTER SMART WHITE+ BCD OMS PINK LITTLE (% real change)
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= 2019
RO1 31 Cressi erogatore MASTER T10-SC DIN300 + Computer cressi GIOTTO blue = 2020
Private consumption
2019=4.6, 2020=3.8
RO1 45 Mares EROGATORE CARBON 52x YOKE + COMPUTER MARES SMART red Government consumption
2019=6.0, 2020=2.5
Gross fixed investment
RO1 52 kit Mares Erogatore Abyss 22x DIN300 + computer MARES QUAD 2019=4.4, 2020=3.5
LO3 113 Mares Regulator Abyss 22x BCD AUDAXPRO DRAX WH COMPUTER OCEANIC GEO 2.0
Exports of goods & services
RO1 94 Mares EROGATORE Abyss 52x YOKE + COMPUTER QUAD AIR SONDA + BCD SEAC EGO 2019=4.0, 2020=1.8
Imports of goods & services
2019=3.6, 2020=1.5
RO1 85G Mares EROGATORE Abyss 52x YOKE + COMPUTER SMART grey + BCD OMS GREY Source: The Economist Intelligence Unit