Agriculture > products
soybeans, coffee, coca, cotton, corn, sugarcane, rice, potatoes; timber |
|
Aid as % of GDP
|
5.8% |
|
[43rd of 129]
|
|
Source: CIA World Factbook, 28 July 2005 |
|
Debt > External
|
$4,495,000,000.00 |
|
[97th of 136]
|
|
Source: calculated on the basis of data on ODA from OECD (Organisation for Economic Co-operation and Development), Development Assistance Committee. 2002. DAC Online. Database. Paris.; and data on GDP from World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC |
|
Distribution of family income > Gini index
|
59.2 |
|
[1st of 43]
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
|
Economic freedom
|
2.35 |
|
[44th of 156]
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
Economy > Overview
Bolivia is one of the poorest and least developed countries in Latin America. Following a disastrous economic crisis during the early 1980s, reforms spurred private investment, stimulated economic growth, and cut poverty rates in the 1990s. The period 2003-05 was characterized by political instability, racial tensions, and violent protests against plans - subsequently abandoned - to export Bolivia's newly discovered natural gas reserves to large northern hemisphere markets. In 2005, the government passed a controversial hydrocarbons law that imposed significantly higher royalties and required foreign firms then operating under risk-sharing contracts to surrender all production to the state energy company, which was made the sole exporter of natural gas. The law also required that the state energy company regain control over the five companies that were privatized during the 1990s - a process that is still underway. In 2006, higher earnings for mining and hydrocarbons exports pushed the current account surplus to about 12% of GDP and the government's higher tax take produced a fiscal surplus after years of large deficits. Debt relief from the G8 - announced in 2005 - also has significantly reduced Bolivia's public sector debt burden. Private investment as a share of GDP, however, remains among the lowest in Latin America, and inflation reached double-digit levels in 2007. |
|
Source: The Heritage Foundation |
|
Exports
|
$4,490,000,000.00 |
|
[103rd of 189]
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
|
GDP
|
$11,163,070,000.00 |
|
[93rd of 203]
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
|
GDP > PPP
|
$24,299,000,000.00 |
|
[93rd of 163]
|
|
Source: World Development Indicators database and CIA World Factbook |
|
GDP > Real growth rate
|
4.6% |
|
[112nd of 198]
|
|
Source: World Bank. 2005. World Development Indicators 2005. |
|
GINI index
|
60.05
|
|
[1st of 40]
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
|
Gross National Income
|
$8,072,470,000.00 |
|
[84th of 172]
|
|
Source: World Development Indicators database |
|
Human Development Index
|
0.687 |
|
[114th of 178]
|
|
Income category
|
Lower middle income |
|
|
|
Source: Human Development Report 2006, United Nations Development Programme |
|
Income distribution > Richest 10%
|
32% |
|
[46th of 114]
|
|
Source: |
|
Population below poverty line
|
60% |
|
[2nd of 46]
|
|
Source: World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC |
|
Poverty > Share of all poor people
|
0.11 % of world's poor |
|
[40th of 80]
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
|
Public debt
|
46.3 % of GDP |
|
[43rd of 121]
|
|
Source: Country Responsibilities in Achieving the Millenium Development Goals", April 8 2003, by Janice Poling |
|
Technological achievement
|
0.28 |
|
[42nd of 68]
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
|
Tourist arrivals
|
355,000 |
|
[81st of 152]
|
|
Source: United Nations Development Program. Human Development Report 2001. New York: Oxford University Press,2001, Table A2.1. via ciesin.org |
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