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Includes historical data for Bolivia’s Gross Domestic Product growth, debt-to-GDP ratio and more, as well as information on trade, banking and financial sector leadership.

Economy Driven By Tourism, Hospitality, And Real Estate

Bolivia is home to abundant mineral and agricultural resources, including natural gas, gold, zinc, silver and lithium reserves, as well as crops like soy and quinoa. As a member of the free trade bloc Andean Community and soon-to-be a full member of the Southern Common Market (Mercosur), Bolivia’s currency peg to theU.S. dollar fosters monetary stability. Furthermore, the country holds significant potential in tourism, manufacturing and renewable energy.

Despite these strengths, Bolivia faces significant challenges. The economy remains insufficiently diversified and vulnerable to commodity price fluctuations. High public debt, and structural and institutional challenges, including a vulnerable judicial system and weak rule of law, impede economic freedom and deter foreign direct investment (FDI). The state’s expanding role in economic activity, outdated labor laws and child labor issues pose additional concerns.

Macroeconomy & Sovereign Data

Type of Government Presidential republic
Capital La Paz (administrative capital); Sucre (constitutional [legislative and judicial] capital)
Sovereign Ratings S&P: B–
Moody’s: Caa2
Fitch: Not rated
Total Population 12.3 million
Median Age 24.7
Adult Per Capita Income (PPP) 15,146.02
Total GDP (2023) 49.3 billion

Bolivia GDP & Economic Overview

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Banking & Finance

Trade & Investment

Total Exports USD 7.8 billion (2023)
Leading Exports Gold
Natural Gas
Soy Products
Total Imports USD 14.1 billion (2022)
Leading Imports Cars
Refined Petroleum
Delivery Trucks
Source: World Integrated Trade Solution

Bolivia Leading Companies

Banco Nacional de Bolivia Financials
Banco Bisa Financials
Banco Mercantil Santa Cruz Financials
YPFB (Yacimientos Petrolíferos Fiscales Bolivianos) Energy, Oil & Gas Exploration & Production
Empresa Nacional de Electricidad (ENDE) Utilities
Empresa Metalúrgica Vinto (EMV) Metals & Mining
PIL Andina Consumer Staples, Dairy Products

Major Trade Partners — Import

China 21%
Brazil 18%
Argentina 13%
Peru 8%
Chile 7%

Major Trade Partners — Export

India 17%
Brazil 13%
Argentina 9%
Japan 8%
Colombia 6%

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Data Sources:

IMF World Economic Outlook

UN World Population Prospects

World Inequality Report

S&P Global Ratings


Fitch Ratings

IMF Direction of Trade Statistics (DOTS)

UN Conference on Trade and Development (UNCTAD)

CIA The World Factbook

World Bank’s World Integrated Trade Solution

Forbes Global 2000