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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

[ABS] PRO-AM PREMIUM NEW MODEL 2017 ASB 1 BALL MINI BAG PURPLE_Ic
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= 2019
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Private consumption
2019=4.6, 2020=3.8
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2019=6.0, 2020=2.5
Gross fixed investment
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Exports of goods & services
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Imports of goods & services
2019=3.6, 2020=1.5
Hammer Men's Vicious Performance Polo Bowling Shirt Carbon Royal Dri-Fit Source: The Economist Intelligence Unit