The Gross Domestic Product (GDP) in Bolivia contracted 0.90 percent in the fourth quarter of 2019 over the previous quarter.

GDP Growth Rate in Bolivia averaged 1.71 percent from 1991 until 2019, reaching an all time high of 16 percent in the first quarter of 1991 and a record low of -11.50 percent in the second quarter of 2003. This page provides - Bolivia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Bolivia GDP Growth Rate - values, historical data and charts - was last updated on June of 2020. source: Instituto Nacional de Estadística de Bolivia

GDP Growth Rate in Bolivia is expected to be -15.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Bolivia to stand at 0.70 in 12 months time. In the long-term, the Bolivia GDP Growth Rate is projected to trend around 1.10 percent in 2021 and 1.30 percent in 2022, according to our econometric models.

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Bolivia GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-0.90 3.70 16.00 -11.50 1991 - 2019 percent Quarterly

Bolivia GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.90 3.70 16.00 -11.50 percent [+]
GDP Annual Growth Rate 1.06 2.23 8.07 -0.89 percent [+]
GDP 39.00 40.29 40.29 0.37 USD Billion [+]
GDP Constant Prices 12944005.00 12490126.00 12944005.00 3587595.00 BOB THO [+]
Gross Fixed Capital Formation 3606667.00 2462598.00 3921684.00 370326.00 BOB Thousand [+]
GDP per capita 2559.51 2490.96 2559.51 1005.41 USD [+]
GDP per capita PPP 6986.05 6798.93 6986.05 3702.60 USD [+]
GDP From Agriculture 1419753.00 1423849.00 1975604.00 54092.00 BOB Thousand [+]
GDP From Construction 715139.00 589876.00 721087.00 2496.00 BOB Thousand [+]
GDP From Manufacturing 2150710.00 2248802.00 2248802.00 77474.00 BOB Thousand [+]
GDP From Public Administration 1353702.00 1335071.00 1353702.00 40584.00 BOB Thousand [+]
GDP From Services 901372.00 1001806.00 1082935.00 34102.00 BOB Thousand [+]
GDP From Transport 1401691.00 1499960.00 1499960.00 37035.00 BOB Thousand [+]
GDP From Utilities 306450.00 241038.00 306450.00 8214.00 BOB Thousand [+]


Bolivia GDP Growth Rate
Bolivia's economy has been growing steadily in the last few years mostly due to exports of commodities including natural gas, silver, zinc and soy. Bolivia has also the second largest natural gas reserves in South America and holds the world´s largest known reserves of lithium, which are yet to be explored.