Bolivia GDP Growth Rate

The Gross Domestic Product (GDP) in Bolivia expanded 3.33 percent in the third quarter of 2013 over the previous quarter. GDP Growth Rate in Bolivia is reported by the Instituto Nacional de Estadística de Bolivia. From 1991 until 2013, Bolivia GDP Growth Rate averaged 2.3 Percent reaching an all time high of 17.6 Percent in March of 2004 and a record low of -15.7 Percent in December of 2008. 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. 2014-04-19

Actual Previous Highest Lowest Forecast Dates Unit Frequency
3.33 -11.27 17.60 -15.70 1.88 | 2013/12 1991 - 2013 Percent Quarterly

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Bolivia GDP Growth Rate
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP 27.04 2012-12-31 23.95 27.04 0.60 30.58 2013-12-31 USD Billion [+]
Gdp Constant Prices 9725038.00 2013-08-15 9790511.00 9790511.00 3587595.00 9768556.72 2013-12-31 BOB THO [+]
GDP Growth Rate 3.33 2013-09-30 -11.27 17.60 -15.70 1.88 2013-12-31 Percent [+]
GDP Annual Growth Rate 6.83 2013-09-30 6.63 8.10 -0.90 7.39 2013-12-31 Percent [+]
GDP per capita 1259.81 2012-12-31 1217.75 1259.81 799.95 1301.24 2013-12-31 USD [+]
GDP per capita PPP 4551.75 2012-12-31 4399.75 4551.75 2890.24 4702.90 2013-12-31 USD [+]
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GDP Growth Rate | Notes
The GDP Growth Rate shows a percentage change in the seasonally adjusted GDP value in the certain quarter, compared to the previous quarter. Because of climatic conditions and holidays, the intensity of the production varies throughout the year. This makes a direct comparison of two consecutive quarters difficult. In order to adjust for these conditions, many countries calculate the quarterly GDP using so called seasonally adjusted method. The Gross Domestic Product can be determined using three different approaches: the product, the income, and the expenditure technique, which should give the same result. In sum, the product technique sums the outputs of every class of enterprise. The expenditure technique works on the principle that every product must be bought by somebody, therefore the value of the total product must be equal to people's total expenditures in buying products and services. The income technique works on the principle that the incomes of the productive factors must be equal to the value of their product, and determines GDP by finding the sum of all producers' incomes.


RELATED NEWS

Bolivia Government Budget at 0.83 Percent of GDP  
Bolivia recorded a Government Budget surplus equal to 0.83 percent of the country's Gross Domestic Product in 2013. Government Budget in Bolivia is reported by the Inter-American Development Bank.
Bolivia Interest Rate at 2.14 Percent  
The benchmark interest rate in Bolivia was last recorded at 2.14 percent. Interest Rate in Bolivia is reported by the Banco Central de Bolivia.
Bolivia Balance of Trade at -70.70 USD Million  
Bolivia recorded a trade deficit of 70.70 USD Million in December of 2013. Balance of Trade in Bolivia is reported by the Banco Central de Bolivia.
Bolivia Exports at 873.30 USD Million  
Exports in Bolivia increased to 873.30 USD Million in December of 2013 from 860.60 USD Million in November of 2013. Exports in Bolivia is reported by the Banco Central de Bolivia.
Bolivia Gold Reserves at 42.51 Tonnes  
Gold Reserves in Bolivia increased to 42.51 Tonnes in the fourth quarter of 2013 from 42.34 Tonnes in the third quarter of 2013. Gold Reserves in Bolivia is reported by the World Gold Council.
Bolivia Current Account at -226.20 USD Million  
Bolivia recorded a Current Account deficit of 226.20 USD Million in the fourth quarter of 2013. Current Account in Bolivia is reported by the Banco Central de Bolivia.
Bolivia Capital Flows at 6.20 USD Million  
Capital Flows in Bolivia increased to 6.20 USD Million in the fourth quarter of 2013 from -274.20 USD Million in the third quarter of 2013. Capital Flows in Bolivia is reported by the Banco Central De Bolivia.
Bolivia Consumer Price Index (CPI) at 149.97 Index Points  
Consumer Price Index (CPI) in Bolivia increased to 149.97 Index Points in March of 2014 from 149.65 Index Points in February of 2014. Consumer Price Index (CPI) in Bolivia is reported by the Instituto Nacional de Estadística de Bolivia.
Bolivia Gdp Constant Prices at 9725038.00 BOB THO  
Gdp Constant Prices in Bolivia decreased to 9725038 BOB THO in the third quarter of 2013 from 9790511 BOB THO in the second quarter of 2013. Gdp Constant Prices in Bolivia is reported by the Instituto Nacional de Estadistica de Bolivia.
Bolivia Imports at 944.00 USD Million  
Imports in Bolivia increased to 944 USD Million in December of 2013 from 830.20 USD Million in November of 2013. Imports in Bolivia is reported by the Banco Central de Bolivia.
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