You are here > 1Up Travel > Countries of the World > South America > Bolivia



 Country Facts









  Maps & Cities

  Transnational issues


  Bolivia Guide
  Bolivia Maps
  Hotels in Bolivia
  Bolivia Flag
  More Bolivia Flags
  Bolivia Geography
  Bolivia Travel Warning

Travel & Tourism . Tourist Guide to the Country

Bolivia Economy

Bolivia    Economy Top of Page
Economy - overview: Bolivia, long one of the poorest and least developed Latin American countries, has made considerable progress toward the development of a market-oriented economy. Successes under President SANCHEZ DE LOZADA (1993-97) included the signing of a free trade agreement with Mexico and joining the Southern Cone Common Market (Mercosur), as well as the privatization of the state airline, telephone company, railroad, electric power company, and oil company. His successor, Hugo BANZER Suarez has tried to further improve the country's investment climate with an anticorruption campaign. Growth slowed in 1999, in part due to tight government budget policies, which limited needed appropriations for anti-poverty programs, and the fallout from the Asian financial crisis. In 2000, major civil disturbances in April, and again in September and October, held down overall growth to 2.5%.
GDP: purchasing power parity - $20.9 billion (2000 est.)
GDP - real growth rate: 2.5% (2000 est.)
GDP - per capita: purchasing power parity - $2,600 (2000 est.)
GDP - composition by sector: agriculture:  16%

industry:  31%

services:  53% (1999 est.)
Population below poverty line: 70% (1999 est.)
Household income or consumption by percentage share: lowest 10%:  2.3%

highest 10%:  31.7% (1990)
Inflation rate (consumer prices): 4.4% (2000 est.)
Labor force: 2.5 million
Labor force - by occupation: agriculture NA%, industry NA%, services NA%
Unemployment rate: 11.4% (1997)

note:  widespread underemployment
Budget: revenues:  $2.7 billion

expenditures:  $2.7 billion, including capital expenditures of $NA (1998)
Industries: mining, smelting, petroleum, food and beverages, tobacco, handicrafts, clothing
Industrial production growth rate: 4% (1995 est.)
Electricity - production: 3.625 billion kWh (1999)
Electricity - production by source: fossil fuel:  56.61%

hydro:  41.6%

nuclear:  0%

other:  1.79% (1999)
Electricity - consumption: 3.377 billion kWh (1999)
Electricity - exports: 4 million kWh (1999)
Electricity - imports: 10 million kWh (1999)
Agriculture - products: soybeans, coffee, coca, cotton, corn, sugarcane, rice, potatoes; timber
Exports: $1.26 billion (f.o.b., 2000 est.)
Exports - commodities: soybeans, natural gas, zinc, gold, wood
Exports - partners: UK 16%, US 12%, Peru 11%, Argentina 10%, Colombia 7% (1998)
Imports: $1.86 billion (f.o.b., 2000 est.)
Imports - commodities: capital goods, raw materials and semi-manufactures, chemicals, petroleum, food
Imports - partners: US 32%, Japan 24%, Brazil 12%, Argentina 12%, Chile 7%, Peru 4%, Germany 3%, other 6% (1998)
Debt - external: $6.6 billion (2000)
Economic aid - recipient: $588 million (1997)
Currency: boliviano (BOB)
Currency code: BOB
Exchange rates: bolivianos per US dollar - 6.4071 (January 2001), 6.1835 (2000), 5.8124 (1999), 5.5101 (1998), 5.2543 (1997), 5.0746 (1996)
Fiscal year: calendar year


Countryfacts Information Courtesy: CIA Worldbook

Make 1Up Travel your HomepageSend this Page to a FriendGo to Top of PagePrint this PageAdd 1Up Travel to your Favorites


Compare Country Info Hotel Directory Geography Flags World Maps Travel Warnings National Parks


Asia Africa Caribbean Middle East North America South America Central America Oceania Pacific Europe Polar Regions


Destinations Monuments Ancient Wonders Modern Wonders Natural Wonders


World Time ISD Codes Travel Links Link Exchange


Disclaimer: Although we've tried to make the information on this web site as accurate as possible, we accept no responsibility for any loss, injury or inconvenience sustained by any person resulting from information published on this site. We encourage you to verify any critical information with the relevant authorities before you travel.

Copyright 1Up Travel All Rights Reserved.
Go Up

Privacy Policy