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Map of Bolivia

In brief

The general election is scheduled for October 20th and president, Evo Morales, of the left-wing Movimiento al Socialismo who is seeking a fourth term, will face a close contest. Growth will average 4.1% in 2019-23, with the business environment hindered by interventionist policies and an overvalued currency. Higher public spending and a substantial current-account deficit will weigh on the fiscal balance and the large stock of foreign reserves, requiring some adjustments. 

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Economic growth

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Economic growth
(% unless otherwise indicated)
2018 2019 2020
US GDP 2.9 2.2 1.7
OECD GDP 2.2 1.7 1.6
World GDP 2.9 2.6 2.6
World trade 4.4 3.3 2.9
Source: The Economist Intelligence Unit

Expenditure on GDP

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Carbon Fiber Bike Fork Mountain Rigid Racing Forks For Disc Brake 26 27.5 29 (% real change)
Carbon Fiber Flat Riser Handlebar+stem+seatpost Road Mountain Bike Bicycle Parts
= 2019
Carbon Fiber MTB Bicycle Bike Handlebar Stem 90 100 110 120 130mm 31.8mm O5P9 = 2020
Private consumption
2019=4.6, 2020=3.8
Carbon Fiber Road Bicycle Handlebar Racing Drop Integrated Bike Bar Stem Government consumption
2019=6.0, 2020=2.5
Gross fixed investment
Carbon Fiber Road Cycling Bike Bicycle Handle Bar Integrated Handlebar Stem 2019=4.4, 2020=3.5
Exports of goods & services
Carbon Handlebar 40-44 Stem 6 17 6-12cm Seatpost 27.2 31.6mm Road Bike Drop Bar 2019=4.0, 2020=1.8
Imports of goods & services
2019=3.6, 2020=1.5
Carbon Manillar Von Pop Products Midrizer 740mm 173 Gramos Source: The Economist Intelligence Unit