BOLIVIA

Economic revival, but the road ahead is fraught with challenges

D4

HIGH RISK

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

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GDP USD40.288bn (World ranking 95 , World Bank 2018)
Population 11.353mn (World ranking 79, World Bank 2018)
Form of state Republic / Social Unitarian State
Head of government Jeanine Añez (interim president)
Next elections Before April 2020, presidential and legislative
  • Valuable natural resources, especially in the key sectors of hydrocarbons and mining
  • Large, but dwindling amount of foreign exchange reserves
  • Improving currency autonomy
  • Lack of economic diversification, overreliance on the commodity sector (mainly petroleum gas and zinc ore)
  • Declining but still high inequality and elevated level of poverty especially in rural areas of the country
  • Landlocked country with underdeveloped roads and infrastructure
  • Threat of (re)nationalization and expropriation
  • Weak business environment

Trade structure by destination/origin

(% of total)

Exports Rank Imports
Brazil 19%
1
18% Brazil
United States 12%
2
17% China
Argentina 11%
3
15% Chile
Colombia 9%
4
12% Argentina
China 7%
5
7% Peru

Trade structure by product

(% of total)

Exports Rank Imports
Gas, natural and manufactured 35%
1
14% Road vehicles
Metalliferous ores and metal scrap 23%
2
8% Other industrial machinery and parts
Gold, non-monetary (excluding gold ores and concentrates) 10%
3
8% Specialised machinery
Feedstuff for animals (excluding unmilled cereals) 5%
4
6% Iron and steel
Non-ferrous metals 5%
5
5% Petroleum, petroleum products and related materials

Contact Euler Hermes

Economic Research Team

research@eulerhermes.com

Contact Georges Dib

Economist for Latin America, Spain and Portugal

georges.dib@eulerhermes.com

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