The economy of Bolivia shrank 21.68 percent year-on-year in the second quarter of 2020, following a 0.56 percent growth in the previous period. It was the sharpest contraction on record as the coronavirus pandemic hit the economy. source: Instituto Nacional de Estadística de Bolivia
GDP Annual Growth Rate in Bolivia averaged 3.85 percent from 1991 until 2020, reaching an all time high of 8.07 percent in the third quarter of 1994 and a record low of -21.68 percent in the second quarter of 2020. This page provides - Bolivia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Bolivia GDP Annual Growth Rate - values, historical data and charts - was last updated on July of 2021.
GDP Annual Growth Rate in Bolivia is expected to be 7.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Bolivia to stand at 2.70 in 12 months time. In the long-term, the Bolivia GDP Annual Growth Rate is projected to trend around 4.00 percent in 2022 and 3.00 percent in 2023, according to our econometric models.