Bolivia GDP Annual Growth Rate

Last Release

Dec 31, 2022

Actual

1.37

Units In

4.29

Frequency

Quarterly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
21.91 Jun 2021	-24.63 Jun 2020	3.8 %	1991-2022	N/A

The biggest sector of Bolivia´s economy is services. Financing, insurance, real estate and business services; transport, communication and warehousing; trade, restaurants and hotels and community, social, personal, household and government services account for 50 percent of the GDP. Manufacturing creates 18 percent of the wealth and agriculture, forestry, fishing and hunting 13 percent. Mining and quarrying constitute 13 percent of the output and construction and water, electricity and gas distribution account for the remaining 6 percent of GDP.

Latest Updates

The economy of Bolivia advanced by 1.4% from a year earlier in the fourth quarter of 2022, decelerating from a 4.3% growth in the previous three-month period. It marks the seventh consecutive quarter of expansion, albeit the slowest since the last quarter of 2021, amid the impact of civil unrest of 36 days in the Bolivian province of Santa Cruz, which had economic repercussions in the exporting sectors of agroindustry, services such as restaurants, hotels and commerce, as well as in transport logistical activities. Output growth slowed considerably in transport & communications (3% vs 10.1%); internal trade (0.2% vs 2.6%) and primary activities (0.1% vs 1.8%), while it declined in other activities such as crude oil and natural gas (-9.2% vs -4.8% in Q3) and manufacturing (-0.9% vs 4.4%). Bolivia's GDP grew 3.5% year-on-year in 2022, compared with a growth rate of 6.1% in the previous year.