The Gross Domestic Product (GDP) in Bolivia contracted 6.20 percent in the second quarter of 2020 over the previous quarter. source: Instituto Nacional de Estadística de Bolivia

GDP Growth Rate in Bolivia averaged 1.64 percent from 1991 until 2020, 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 January of 2021.

GDP Growth Rate in Bolivia is expected to be 2.50 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
-6.20 1.30 16.00 -11.50 1991 - 2020 percent Quarterly

Bolivia GDP Last Previous Highest Lowest Unit
GDP Growth Rate -6.20 1.30 16.00 -11.50 percent [+]
GDP Annual Growth Rate -21.68 0.56 8.07 -21.68 percent [+]
GDP 40.90 40.29 40.90 0.37 USD Billion [+]
GDP Constant Prices 9795505.00 11379577.00 12944005.00 3587595.00 BOB THO [+]
Gross Fixed Capital Formation 1791307.30 1854853.00 3921684.00 370326.00 BOB Thousand [+]
GDP per capita 2579.89 2559.51 2579.89 1005.41 USD [+]
GDP per capita PPP 8724.50 8655.50 8724.50 4587.40 USD [+]
GDP From Agriculture 1970563.00 1552242.00 1975604.00 54092.00 BOB Thousand [+]
GDP From Construction 111873.00 220783.00 721087.00 2496.00 BOB Thousand [+]
GDP From Manufacturing 1552848.00 1782962.00 2248802.00 77474.00 BOB Thousand [+]
GDP From Public Administration 1205670.00 1271877.00 1353702.00 40584.00 BOB Thousand [+]
GDP From Services 839700.00 900972.00 1082935.00 34102.00 BOB Thousand [+]
GDP From Transport 1018817.00 1253570.00 1499960.00 37035.00 BOB Thousand [+]
GDP From Utilities 231549.00 230352.00 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.