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.

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Bolivia GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-21.68 0.56 8.07 -21.68 1991 - 2020 percent Quarterly

Bolivia GDP Annual Growth Rate
The biggest sector of Bolivia´s economy is services. Financing, insurance, real estate and business services; transport, communication and warehousing; trade, restaurants and hotels and community, social, personal, household and government services account for 50 percent of the GDP. Manufacturing creates 18 percent of the wealth and agriculture, forestry, fishing and hunting 13 percent. Mining and quarrying constitute 13 percent of the output and construction and water, electricity and gas distribution account for the remaining 6 percent of GDP.