The Gross Domestic Product (GDP) in Bolivia contracted 9.84 percent in the first quarter of 2019 over the previous quarter. Bolivia GDP Growth Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

GDP Growth Rate in Bolivia averaged 1.81 percent from 1991 until 2019, reaching an all time high of 17.60 percent in the first quarter of 2004 and a record low of -15.70 percent in the fourth quarter of 2008. This page provides - Bolivia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Instituto Nacional de Estadística de Bolivia

GDP Growth Rate in Bolivia is expected to be 1.30 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 0.50 in 12 months time. In the long-term, the Bolivia GDP Growth Rate is projected to trend around 1.30 percent in 2021, according to our econometric models.

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Bolivia GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-9.84 -1.14 17.60 -15.70 1991 - 2019 percent Quarterly

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.