Bolivia GDP Growth Rate
The Gross Domestic Product (GDP) in Bolivia contracted 0.28 percent in the fourth quarter of 2013 over the previous quarter. GDP Growth Rate in Bolivia averaged 2.23 Percent from 1991 until 2013, 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. GDP Growth Rate in Bolivia is reported by the Instituto Nacional de Estadística de Bolivia.
||1991 - 2013
Bolivia is one of the least developed countries in Latin America and has one of the lowest GDP Per Capita in the region. Yet, from 1991 to 2012, the country has been expanding at an average growth rate of 2.3 percent, on a quarter over quarter basis, mostly due to a rise in exports of commodities. Indeed, shipments of natural gas, silver, zinc and soy account for more than 70 percent of total exports. 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. Nevertheless, in order to reach its full growth potential, Bolivia needs to increase private investment, improve its infrastructure and reduce the levels of poverty and inequality. This page provides - Bolivia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.