Bolivia

Description of Bolivia

Bolivia, a landlocked country situated in the heart of South America, boasts a rich tapestry of culture, history, and natural beauty. With its diverse landscapes ranging from the soaring Andes mountains to the lush Amazon rainforest, Bolivia is a country brimming with opportunity and challenges. As a nation with a complex history of political and economic turmoil, Bolivia stands at a crucial juncture in its development trajectory. By delving into the intricate interplay of macroeconomic factors, geopolitical dynamics, and social complexities, we seek to unravel the unique challenges and opportunities that shape Bolivia's path towards sustainable growth and prosperity.

Population And Age Structure

Population, total:
Bolivia's total population is 11,936,162, which is significantly below the average population of 40,097,746. Bolivia ranks 79th out of 194 countries in terms of total population.

Population ages 0-14 (% of total population):
Bolivia's percentage of population ages 0-14 is 31.40%, which is above the average of 27.34%. Bolivia ranks 66th out of 194 countries in this demographic.

Population ages 0-14, total:
In Bolivia, the total population aged 0-14 is 3,748,198, which is considerably below the average. Bolivia ranks 76th out of 194 countries in this category.

Population ages 15-64 (% of total population):
Bolivia's percentage of population ages 15-64 is 63.62%, slightly above the average of 63.44%. The country ranks 115th out of 194 nations in this age group.

Population ages 15-64, total:
The total population aged 15-64 in Bolivia is 7,593,734, significantly below the average population in this age group. Bolivia ranks 77th out of 194 countries in this demographic.

Population ages 65 and above (% of total population):
In Bolivia, the percentage of population ages 65 and above is 4.98%, which is below the average of 9.22%. Bolivia ranks 119th out of 194 countries for this age group.

Population ages 65 and above, total:
Bolivia's total population aged 65 and above is 594,231, well below the average for this demographic. The country ranks 89th out of 194 nations in this category.

Summary

Bolivia has a relatively small total population compared to the global average, with a higher percentage of young people aged 0-14 and a lower percentage of elderly individuals aged 65 and above. The country also has a lower total population within these age brackets compared to the global average. These demographic indicators are crucial for policymakers and planners in Bolivia to address the specific needs and challenges of different age groups, such as healthcare, education, and workforce planning, to ensure sustainable development and social welfare.

Population Miscellaneous

- Bolivia's rural population is 3,566,167, ranking 86th out of 190 countries. This is below the attribute average of 18,044,041.29.
- The country's rural population (% of total population) is 29.88%, ranking 123rd out of 190 countries, below the average of 41.16%.
- Bolivia's urban population stands at 8,369,995, ranking 72nd out of 194 countries, below the average of 22,425,747.38.
- The urban population (% of total population) in Bolivia is 70.12%, above the average of 59.69%, ranking 72nd out of 194 countries.
- Bolivia's age dependency ratio (% of working-age population) is 57.18%, below the average of 59.22%, ranking 80th out of 194 countries.
- The crude birth rate in Bolivia is 22.06 per 1,000 people, ranking 69th out of 192 countries, higher than the average of 19.38.
- Bolivia's crude death rate is 9.3 per 1,000 people, above the average of 8.21, ranking 57th out of 192 countries.
- The country's fertility rate is 2.65 births per woman, slightly above the average of 2.60, ranking 74th out of 190 countries.

Summary

The analysis of key macroeconomic indicators for Bolivia reveals a significant rural-urban population disparity, with a higher urban population percentage compared to the global average. The country also shows a higher crude birth rate and crude death rate compared to the worldwide average. These indicators are crucial as they provide insights into Bolivia's demographic distribution, age dependency ratio, and fertility rate, which are vital for policymakers to address issues related to healthcare, social welfare, and economic development strategies tailored to the country's specific demographic composition.

Military

In terms of Military expenditure (current USD), Bolivia's spending is $510,495,827.35. This is significantly below the average expenditure of $12,904,993,617.17, placing Bolivia at rank 85 out of 149 countries in the dataset.

For Military expenditure (% of GDP), Bolivia's expenditure stands at 1.39%, which is lower than the average of 1.90%. Bolivia ranks 87 out of 148 countries in this category.

Regarding Arms imports, Bolivia's value is $26,000,000, much lower than the average of $205,522,123.89. This places Bolivia at rank 67 out of 113 countries.

When it comes to Armed forces personnel, Bolivia has 71,000 personnel, significantly lower than the average of 165,908.54. This puts Bolivia at rank 59 out of 164 countries.

In terms of Armed forces personnel (% of total labor force), Bolivia's percentage is 1.24%, slightly below the average of 1.28%. Bolivia ranks 52 out of 164 countries in this aspect.

Summary

Bolivia's military expenditures, arms imports, and armed forces personnel numbers are significantly below global averages, positioning the country at lower ranks in the respective categories. These indicators suggest that Bolivia may have a limited capacity for military defense and may prioritize other areas of national development over defense spending. This could impact Bolivia's ability to effectively defend itself or project power regionally.

Natural Resources

- In terms of Forest area, Bolivia has a value of 508,337.6 sq. km, which is significantly above the average of 211,606.11 sq. km, ranking 14th out of 191 countries in the dataset. - Bolivia's Land area of 1,083,300 sq. km is also notably above the average of 665,166.51 sq. km, placing it 27th out of 194 countries. - With a Surface area of 1,098,580 sq. km, Bolivia exceeds the average of 689,779.56 sq. km, ranking 27th out of 194 nations. - The Arable land in Bolivia covers 4,756,674.1 hectares, below the average of 7,329,543.16 hectares, putting it at 48th out of 190 countries. - Bolivia's Land under cereal production amounts to 1,439,926 hectares, below the average of 4,206,011.63 hectares, ranking 66th out of 174 nations. - The Average precipitation in Bolivia is 1,146 mm per year, slightly below the average of 1,157.83 mm per year, ranking 79th out of 178 countries. - Bolivia's Renewable internal freshwater resources total 303.5 billion cubic meters, exceeding the average of 240.41 billion cubic meters, placing it 25th out of 178 nations.

Summary

Bolivia stands out in terms of its abundant forest area, land area, surface area, and renewable internal freshwater resources, surpassing global averages in each category. However, the country lags behind in arable land and land under cereal production compared to the global average. These indicators are crucial as they highlight Bolivia's environmental richness and potential for agricultural development, showcasing both opportunities and challenges for sustainable growth and resource management.

Resource Rents

1. Total natural resources rents (% of GDP): Bolivia's value is 2.72% which is below the average of 4.63%. Bolivia ranks 73 out of 175 countries in this statistic.

2. Forest rents (% of GDP): Bolivia's value is 0.56% which is below the average of 1.53%. Bolivia ranks 70 out of 174 countries in this statistic.

3. Oil rents (% of GDP): Bolivia's value is 0.50% which is below the average of 2.51%. Bolivia ranks 42 out of 117 countries in this statistic.

4. Natural gas rents (% of GDP): Bolivia's value is 1.21% which is below the average of 1.25%. Bolivia ranks 23 out of 96 countries in this statistic.

5. Mineral rents (% of GDP): Bolivia's value is 0.45% which is below the average of 1.23%. Bolivia ranks 36 out of 86 countries in this statistic.

Summary

Bolivia has below-average values in various natural resource rent indicators compared to global averages. Despite having significant natural resources like oil, gas, and minerals, Bolivia's lower rankings indicate a potential underutilization or inefficiency in harnessing these resources for economic gain. This could signify missed opportunities for revenue generation and sustainable economic development.

Commodities

Analysis of key statistics for Bolivia:

Summary

In analyzing key statistics for Bolivia, it is evident that the country lags behind global averages in key agricultural indicators such as cereal, aquaculture, capture fisheries, and total fisheries production. Additionally, Bolivia's fertilizer consumption per hectare of arable land is significantly lower than the global average. These statistics highlight challenges in Bolivia's agricultural sector, indicating a potential need for increased productivity and efficiency in order to enhance food security, economic growth, and competitiveness on a global scale.

Intellectual Property

Industrial design applications, nonresident, by count: Bolivia has 21 applications, significantly below the average of 1415.83 applications, ranking 95th out of 112 countries.

Industrial design applications, resident, by count: Bolivia has 17 applications, well below the average of 9799.58 applications, ranking 94th out of 113 countries.

Patent applications, nonresidents: Bolivia has 151 applications, below the average of 6538.40 applications, ranking 63rd out of 129 countries.

Patent applications, residents: Bolivia has 8 applications, far below the average of 19037.56 applications, ranking 100th out of 117 countries.

Trademark applications, nonresident, by count: Bolivia has 2726 applications, significantly below the average of 15878.93 applications, ranking 95th out of 130 countries.

Trademark applications, resident, by count: Bolivia has 3867 applications, well below the average of 111055.78 applications, ranking 70th out of 129 countries.

Scientific and technical journal articles: Bolivia has 152.33 articles, significantly below the average of 15103.76 articles, ranking 128th out of 192 countries.

Charges for the use of intellectual property, payments (BoP, current US$): Bolivia has charges amounting to $37,680,170.56, considerably below the average of $3,218,843,494.39, ranking 84th out of 143 countries.

Charges for the use of intellectual property, receipts (BoP, current US$): Bolivia has receipts amounting to $5,027,557.36, significantly below the average of $3,191,687,117.58, ranking 75th out of 122 countries.

Summary

Bolivia exhibits lower-than-average figures in various key macroeconomic indicators related to intellectual property such as industrial design applications, patent applications, trademark applications, scientific and technical journal articles, and charges for the use of intellectual property. These statistics suggest a limited level of innovation and intellectual property activity in the country, which could hinder its economic development and global competitiveness in the long run.

Broad Economy Attributes

1. GDP (current US$): Bolivia's GDP is $36,629,843,806.08, ranking 92nd out of 189 countries. The GDP is below the average GDP of $442,870,224,838.68.

2. GDP, PPP (current international $): Bolivia's GDP, based on purchasing power parity, is $96,803,643,569.07, ranking 89th out of 181 countries. Bolivia's GDP is below the average of $734,141,122,350.78.

3. GDP per capita (current US$): Bolivia's GDP per capita is $3,068.81, ranking 131st out of 190 countries. The GDP per capita is significantly below the average of $15,462.11.

4. GDP per capita, PPP (current international $): Bolivia's GDP per capita based on purchasing power parity is $8,110.11, ranking 117th out of 181 countries. Bolivia's GDP per capita is below the average of $21,251.89.

5. GNI (current US$): Bolivia's GNI is $36,212,843,806.08, ranking 91st out of 185 countries. The GNI is below the average GNI of $452,040,815,370.70.

6. GNI, PPP (current international $): Bolivia's GNI based on purchasing power parity is $95,701,615,409.14, ranking 89th out of 181 countries. Bolivia's GNI is below the average of $730,698,223,823.47.

7. GNI per capita, PPP (current international $): Bolivia's GNI per capita based on purchasing power parity is $8,020, ranking 115th out of 181 countries. The GNI per capita is below the average of $20,615.75.

Summary

Bolivia's macroeconomic indicators, including GDP, GDP per capita, GNI, and GNI per capita, are consistently below the global averages, reflecting the country's lower economic output and income levels compared to many other nations. These figures are crucial as they highlight Bolivia's position in the global economy, indicating areas where the country may need to focus on improving its economic performance and raising living standards for its population.

Broad Value Added

Regarding Gross value added at basic prices (GVA) (current US$), Bolivia's value is $31,202,832,257.60, which is significantly below the attribute average of $360,070,943,595.12. Bolivia ranks 88 out of 176 countries in this data set.

For Agriculture, forestry, and fishing, value added (% of GDP), Bolivia's value of 14.00% is above the attribute average of 10.86%. Bolivia is ranked 55 out of 182 countries in this category.

In terms of Agriculture, forestry, and fishing, value added (current US$), Bolivia's value stands at $5,128,518,986.98, which is below the attribute average of $19,924,732,828.07. Bolivia is ranked 69 out of 182 countries for this metric.

Concerning Services, value added (% of GDP), Bolivia's value of 52.81% is below the attribute average of 56.72%. Bolivia ranks 120 out of 183 countries in this aspect.

Looking at Services, value added (current US$), Bolivia's value is $19,343,217,496.38, significantly lower than the attribute average of $295,837,711,130.69. Bolivia is ranked 93 out of 183 countries in this regard.

Lastly, for Industry (including construction), value added (current US$), Bolivia's value is $8,605,580,02.89, which is notably below the attribute average of $118,421,095,413.50. Bolivia ranks 93 out of 183 countries for this specific statistic.

Summary

Bolivia's Gross value added at basic prices (GVA) is significantly below the global average, ranking 88th out of 176 countries. However, in Agriculture, forestry, and fishing sectors, Bolivia performs relatively better with values above the global average, ranking 55th and 69th, respectively. Conversely, Bolivia lags behind in Services and Industry value added metrics compared to the global average, highlighting potential areas for development.

These statistics are crucial as they provide insights into Bolivia's economic structure and performance compared to other countries. They identify sectors where Bolivia excels, such as agriculture, and areas that require attention and investment, like services and industry. Understanding these indicators can guide policymakers in formulating strategies to enhance economic growth, create jobs, and improve overall prosperity in Bolivia.

Manufacturing Value Added

1. Manufacturing, value added (current US$): Bolivia's manufacturing value added is $4,013,837,351.66. This is significantly below the average of $76,207,179,589.66, ranking Bolivia 89th out of 173 countries in the dataset.

2. Manufacturing, value added (% of GDP): Bolivia's manufacturing value added as a percentage of GDP is 10.96%. This is slightly below the average of 11.90%. Bolivia ranks 92nd out of 173 countries in this metric.

3. Medium and high-tech manufacturing value added (% manufacturing value added): Bolivia's value added in medium and high-tech manufacturing as a percentage of total manufacturing value added is 11.94%, much lower than the average of 24.49%. Bolivia ranks 103rd out of 149 countries in this category.

Summary

Bolivia's manufacturing sector lags behind compared to other countries, with its manufacturing value added and medium/high-tech manufacturing value added both below global averages. This indicates a potential opportunity for Bolivia to invest in upgrading and diversifying its manufacturing capabilities to drive economic growth and competitiveness in an increasingly technology-driven global economy.

Money

Inflation, consumer prices (annual %): Bolivia has a consumer price inflation of 0.94%, which is significantly below the average of 8.26%. This places Bolivia at rank 109 out of 165 countries that provided data for this attribute.

Inflation, GDP deflator (annual %): Bolivia's GDP deflator inflation is -1.85%, well below the average of 6.90%. This positions Bolivia at rank 163 out of 188 countries in the dataset.

Broad money growth (annual %): Bolivia's annual broad money growth is 9.28%, lower than the average of 18.03%. This places Bolivia at rank 101 out of 139 countries with data available for this metric.

Broad money (% of GDP): Bolivia's broad money as a percentage of GDP is 106.14%, higher than the average of 71.75%. This ranks Bolivia 25th out of 139 countries in the dataset.

Broad money to total reserves ratio: With a ratio of 7.41%, Bolivia exceeds the average of 5.17%. This places Bolivia at the 14th rank out of 126 countries in this category.

Summary

Bolivia demonstrates relatively low consumer price inflation and GDP deflator inflation compared to global averages. However, the country lags behind in terms of broad money growth and broad money as a percentage of GDP. Despite this, Bolivia excels in maintaining a high broad money to total reserves ratio, indicating a strong financial position and potential for stability in times of economic uncertainty.

Consumption Expenditure

Final consumption expenditure (current US$): Bolivia's final consumption expenditure is $32.67 billion, which is below the average of $381.63 billion, ranking 85th out of 159 countries.

Final consumption expenditure (% of GDP): Bolivia's final consumption expenditure as a percentage of GDP is 89.18%, above the average of 82.37%, ranking 50th out of 159 countries.

General government final consumption expenditure (current US$): Bolivia's government final consumption expenditure is $7.23 billion, well below the average of $93.68 billion, ranking 77th out of 158 countries.

General government final consumption expenditure (% of GDP): Bolivia's government final consumption expenditure as a percentage of GDP is 19.74%, slightly above the average of 18.71%, ranking 61st out of 158 countries.

Household and NPISHs Final consumption expenditure (current US$): Bolivia's household and NPISHs final consumption expenditure is $25.44 billion, below the average of $290.13 billion, ranking 86th out of 158 countries.

Households and NPISHs final consumption expenditure (% of GDP): Bolivia's household and NPISHs final consumption expenditure as a percentage of GDP is 69.44%, above the average of 63.68%, ranking 59th out of 158 countries.

Summary

Bolivia's final consumption expenditure indicates that the country has a smaller economy compared to the average of the countries analyzed. However, the percentage of final consumption expenditure as a share of GDP is relatively high, suggesting that a significant portion of Bolivia's economic activity is driven by domestic consumption. This could signify a reliance on domestic demand for economic growth rather than exports or investments.

Investment

Foreign direct investment, net (BoP, current US$): Bolivia's value of $1,018,358,416.99 is above the average of -$1,615,235,980.51 for this attribute. Bolivia ranks 22 out of 169 countries in the dataset.

Foreign direct investment, net inflows (BoP, current US$): Bolivia's value of -$1,129,487,271.34 is below the average of $5,749,271,080.15 for this attribute. Bolivia ranks 167 out of 182 countries in the dataset.

Foreign direct investment, net inflows (% of GDP): Bolivia's value of -3.08% is below the average of 2.61% for this attribute. Bolivia ranks 168 out of 178 countries in the dataset.

Foreign direct investment, net outflows (BoP, current US$): Bolivia's value of -$111,128,854.35 is below the average of $5,707,991,116.07 for this attribute. Bolivia ranks 135 out of 156 countries in the dataset.

Foreign direct investment, net outflows (% of GDP): Bolivia's value of -0.30% is below the average of 1.00% for this attribute. Bolivia ranks 129 out of 155 countries in the dataset.

Portfolio Investment, net (BoP, current US$): Bolivia's value of -$612,777,765.88 is below the average of $679,559,169.57 for this attribute. Bolivia ranks 122 out of 159 countries in the dataset.

Portfolio equity, net inflows (BoP, current US$): Bolivia's value of -$2,057,290.83 is below the average of $9,197,145,994.70 for this attribute. Bolivia ranks 75 out of 125 countries in the dataset.

Summary

Bolivia's foreign direct investment figures consistently fall below global averages across various categories, indicating a challenge in attracting and retaining foreign investment. This could potentially hinder the country's economic growth and development compared to its peers. The low rankings in FDI inflows and outflows suggest limited participation in the global investment landscape, which may impact Bolivia's ability to compete and diversify its economy in an increasingly interconnected world.

Debt

Total debt service (% of GNI): Bolivia's total debt service as a percentage of its Gross National Income is 3.25%, which is below the average of 5.98%. Bolivia is ranked 72 out of 120 countries in this attribute.

Public and publicly guaranteed debt service (% of GNI): Bolivia's public and publicly guaranteed debt service is 2.27% of its GNI, slightly below the average of 2.84%. Bolivia is ranked 60 out of 120 countries in this category.

External debt stocks (% of GNI): Bolivia's external debt stocks are 42.58% of its GNI, significantly below the average of 65.42%. Bolivia is ranked 73 out of 120 countries in this attribute.

Debt service on external debt, total (TDS, current US$): Bolivia's debt service on external debt is $1,175,621,100.70, much lower than the average of $9,811,195,839.23. Bolivia is ranked 60 out of 123 countries in this statistic.

Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$): Bolivia's debt service on public and publicly guaranteed external debt is $821,098,169.10, below the average of $3,310,612,057.60. Bolivia is ranked 52 out of 123 countries in this attribute.

External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$): Bolivia's external debt stocks in the public and publicly guaranteed sector amount to $11,877,490,891.30, significantly lower than the average of $28,695,879,144.98. Bolivia is ranked 48 out of 123 countries in this category.

External debt stocks, private nonguaranteed (PNG) (DOD, current US$): Bolivia's external debt stocks in the private nonguaranteed sector are $2,383,000,000, substantially below the average of $33,734,699,285.22. Bolivia is ranked 62 out of 91 countries in this attribute.

External debt stocks, total (DOD, current US$): Bolivia's total external debt stocks amount to $15,420,129,053.60, significantly below the average of $73,845,530,111.82. Bolivia is ranked 58 out of 123 countries in this statistic.

Summary

Bolivia's debt-related indicators generally show that the country has a relatively low burden of debt compared to the global average. With lower percentages of debt service to GNI, lower external debt stocks, and below-average debt service amounts, Bolivia appears to have a manageable debt situation. These indicators are important as they reflect Bolivia's ability to meet its debt obligations, maintain financial stability, and potentially have more fiscal space for development and investment.

Broad Trade Attributes

Analysis of key statistics for Bolivia:

1. Trade (% of GDP): Bolivia's trade as a percentage of GDP is 45.50%, below the average of 82.34%. Bolivia ranks 127 out of 163 countries in this metric.

2. Merchandise trade (% of GDP): Bolivia's merchandise trade as a percentage of GDP is 38.48%, below the average of 60.01%. Bolivia ranks 137 out of 186 countries in this metric.

3. Trade in services (% of GDP): Bolivia's trade in services as a percentage of GDP is 5.93%, below the average of 24.63%. Bolivia ranks 153 out of 171 countries in this metric.

4. External balance on goods and services (current US$): Bolivia has a negative balance of $1,816,138,075.25, much below the average. Bolivia ranks 115 out of 163 countries in this metric.

5. External balance on goods and services (% of GDP): Bolivia's external balance as a percentage of GDP is -4.96%, slightly better than the average of -5.97%. Bolivia ranks 89 out of 163 countries in this metric.

Summary

Bolivia exhibits lower trade intensity compared to the global average, with trade, merchandise trade, and trade in services all below average percentages of GDP. The country also maintains a significant negative external balance on goods and services, although its percentage of GDP for this metric is slightly better than the global average.

These statistics are important as they indicate Bolivia's reliance on trade for economic growth and the need to improve its trade balance to strengthen its economy. Addressing the negative balance on goods and services could help enhance Bolivia's long-term economic stability and resilience to external shocks.

Net Trade

1. Current account balance (BoP, current US$): Bolivia's current account balance is -26,050,278.75 USD, significantly below the average of 1,443,864,831.49 USD. Bolivia ranks 70th out of 170 countries in this attribute.

2. Current account balance (% of GDP): Bolivia's current account balance is -0.071% of GDP, lower than the average of -2.36%. Bolivia ranks 66th out of 170 countries in this attribute.

3. Net trade in goods and services (BoP, current US$): Bolivia's net trade in goods and services is -634,879,464.22 USD, below the average of 2,604,730,003.57 USD. Bolivia ranks 99th out of 171 countries in this attribute.

4. Net primary income (BoP, current US$): Bolivia's net primary income is -416,938,667.01 USD, above the average of -903,807,529.74 USD. Bolivia ranks 83rd out of 170 countries in this attribute.

5. Net secondary income (BoP, current US$): Bolivia's net secondary income is 1,025,767,852.48 USD, higher than the average of -269,227,340.40 USD. Bolivia ranks 59th out of 170 countries in this attribute.

6. Net trade in goods (BoP, current US$): Bolivia's net trade in goods is 679,235,152.95 USD, below the average of 1,302,831,005.68 USD. Bolivia ranks 59th out of 171 countries in this attribute.

7. Net capital account (BoP, current US$): Bolivia's net capital account is 11,942,949.62 USD, significantly below the average of 136,543,824.05 USD. Bolivia ranks 106th out of 159 countries in this attribute.

8. Net financial account (BoP, current US$): Bolivia's net financial account is -971,733,375.74 USD, below the average of -469,840,994.63 USD. Bolivia ranks 113th out of 170 countries in this attribute.

Summary

Bolivia demonstrates a negative current account balance in both absolute terms and as a percentage of GDP, placing it below average globally. Despite a positive net secondary income, the country struggles with negative net trade in goods and services and a contrasting net financial account. These indicators highlight Bolivia's reliance on external trade and financial inflows, emphasizing the importance of addressing trade imbalances and fostering sustainable economic growth strategies.

Broad Export Attributes

- Bolivia's Exports of goods, services and primary income amount to 7,558,521,699.95 USD, ranking 101 out of 170 countries. This value is significantly below the attribute average of 146,238,908,936.30 USD.
- The country's Exports of goods and services sum up to 7,442,774,099.73 USD, ranking 97 out of 170 countries. This figure is notably lower than the attribute average of 122,938,540,059.78 USD.
- Bolivia's Exports of goods and services (current US$) sit at 7,425,817,973.95 USD, ranking 94 out of 163 countries. This value is considerably under the attribute average of 129,596,864,610.19 USD.
- With Exports of goods and services (% of GDP) at 20.27%, Bolivia ranks 119 out of 163 countries. This percentage is below the attribute average of 38.19%.
- The country's Goods exports amount to 7,013,096,617.02 USD, ranking 89 out of 171 countries, significantly below the attribute average of 93,310,581,697.39 USD.
- Bolivia's International tourism receipts account for 3.26% of total exports, ranking 63 out of 120 countries. This percentage is notably below the attribute average of 9.74%.
- For ICT goods exports (% of total goods exports), Bolivia stands at 0.08%, ranking 112 out of 142 countries. This percentage is significantly lower than the attribute average of 3.81%.

Summary

Bolivia's export performance across various indicators shows a consistent trend of below-average figures compared to global averages. This indicates that Bolivia may face challenges in diversifying its export base, expanding market reach, and maximizing trade opportunities. Addressing these issues is crucial for Bolivia's economic growth, competitiveness, and resilience in the global market.

Merchandise Exports

- Bolivia's merchandise exports amount to $7,015,000,000, significantly below the attribute average of $89,542,711,229.95. This places Bolivia at rank 94 out of 187 countries in the dataset.
- Agricultural raw materials exports account for 0.75% of Bolivia's merchandise exports, compared to the average of 2.97%. Bolivia ranks 98 out of 151 countries in this aspect.
- Food exports make up 20.48% of Bolivia's merchandise exports, lower than the average of 24.06%. Bolivia is ranked 62 out of 152 countries in this category.
- Bolivia relies heavily on fuel exports which constitute 29.47% of its merchandise exports, considerably higher than the average of 13.70%. Bolivia ranks 22 out of 147 countries in fuel exports.
- Ores and metals exports represent 26.99% of Bolivia's merchandise exports, well above the average of 9.10%. Bolivia is ranked 21 out of 152 countries in this aspect.
- Bolivia's residual merchandise exports stand at 0.09%, significantly lower than the average of 3.20%. This places Bolivia at rank 106 out of 166 countries in residual exports.

Summary

Bolivia's merchandise exports are below average, with a heavy reliance on fuel and ores/metals exports. While excelling in certain sectors like ores/metals, Bolivia lags behind in agricultural raw materials and residual exports compared to global averages. Diversifying export sectors can help Bolivia reduce dependency on volatile commodity markets and improve overall export stability and resilience to economic shocks.

Technology Exports

- Manufactures exports (% of merchandise exports): Bolivia's value is significantly below the average of 42.62%. With a value of 4.51%, Bolivia ranks 141 out of 152 countries in this dataset.

- High-technology exports (current US$): Bolivia's value of $13,485,139 is well below the average of $16,655,934,078.80. This places Bolivia at rank 107 out of 151 countries.

- High-technology exports (% of manufactured exports): Bolivia's value of 4.33% is lower than the average of 10.15%. Bolivia ranks 92 out of 150 countries in this metric.

- Medium and high-tech exports (% manufactured exports): Bolivia's value of 4.36% falls short of the average of 34.29%. This places Bolivia at rank 135 out of 149 countries.

Summary

Bolivia's macroeconomic indicators in terms of exports reveal a significant lag behind global averages and rankings. The country shows underperformance in high-technology exports, with values well below average in both absolute terms and as a percentage of manufactured exports. This indicates a potential lack of competitiveness and innovation in Bolivia's export sector, which is crucial for long-term economic growth and sustainability in an increasingly technology-driven global economy.

Service Exports

Service exports (BoP, current US$): Bolivia's service exports amount to $429,677,482.72, which is below the attribute average of $28,917,292,503.82. Bolivia ranks 128th out of 171 countries in this category.

ICT service exports (BoP, current US$): Bolivia's ICT service exports total $49,436,385.92, falling short of the attribute average of $4,578,501,153.77. Bolivia is ranked 110th out of 166 countries for this indicator.

ICT service exports (% of service exports, BoP): Bolivia's ICT service exports account for 11.51% of its total service exports, slightly lower than the average of 11.75%. Bolivia is ranked 56th out of 166 countries in this aspect.

Communications, computer, etc. (% of service exports, BoP): Bolivia's proportion of communications, computer, etc. services in its total service exports stands at 22.86%, significantly lower than the average of 45.85%. Bolivia ranks 134th out of 169 countries.

Transport services (% of service exports, BoP): Bolivia's transport services represent 32.87% of its total service exports, above the average of 21.80%. Bolivia's rank is 37th out of 169 countries for this attribute.

Travel services (% of service exports, BoP): Bolivia's travel services constitute 43.90% of its total service exports, surpassing the average of 26.40%. Bolivia is ranked 36th out of 167 countries in this category.

Insurance and financial services (% of service exports, BoP): Bolivia's insurance and financial services make up only 0.37% of its total service exports, which is well below the average of 6.46%. The country ranks 150th out of 161 countries in this metric.

Summary

Bolivia's macroeconomic indicators in the service sector reveal strengths in transport and travel services, where the country performs above average and ranks relatively high globally. However, there are noticeable weaknesses in ICT service exports and insurance/financial services, with Bolivia falling short of the global average and ranking lower in these areas. These findings are crucial for policymakers, as they highlight areas where Bolivia can focus on improvement to enhance its service sector competitiveness and economic growth.

Commercial Service Exports

Bolivia's Commercial service exports amount to $416,151,754.72, ranking 127th out of 171 countries. This value is significantly below the attribute average of $28,508,218,402.80.

Travel services contribute 45.32% to Bolivia's commercial service exports, surpassing the average of 27.89%. Bolivia ranks 36th out of 167 countries in this aspect.

In Computer, communications and other services, Bolivia's 20.36% contribution is below the average of 42.44%. Bolivia holds the 125th rank out of 169 countries included in the data.

Insurance and financial services make up only 0.38% of Bolivia's commercial service exports, far below the average of 6.97%. Bolivia ranks 151st out of 161 countries in this category.

Transport services constitute 33.94% of Bolivia's commercial service exports, which is higher than the average of 23.37%. Bolivia holds the 41st rank out of 169 countries in this aspect.

Summary

Bolivia's commercial service exports are significantly below the global average, with a notable reliance on travel services. The country performs better in transport services but lags behind in insurance and financial services as well as computer, communications, and other services. These indicators are crucial as they reflect Bolivia's economic diversity, competitiveness, and potential for growth in different service sectors, highlighting areas for improvement and strategic development to enhance its global trade position.

Broad Import Attributes

For "Imports of goods and services (current US$)", Bolivia's value is $9,241,956,049.20, which is below the average of $126,191,355,599.06. Bolivia ranks 96 out of 163 countries in this attribute.

"Imports of goods and services (% of GDP)" in Bolivia is 25.23%, below the average of 44.15%. Bolivia ranks 127 out of 163 countries in this attribute data.

Bolivia's "International tourism expenditures (% of total imports)" stand at 4.02%, slightly above the average of 3.98%. Bolivia is ranked 40 out of 131 countries in this aspect.

For "ICT goods imports (% total goods imports)", Bolivia's value is 3.31%, below the average of 6.85%. The country ranks 111 out of 143 countries in this category.

In terms of "Goods imports (BoP, current US$)", Bolivia's value is $6,333,861,464.07, below the average of $92,007,788,027.17. Bolivia ranks 102 out of 171 countries in this attribute data.

"Imports of goods and services (BoP, current US$)" in Bolivia amount to $8,077,653,563.96, below the average of $120,321,577,988.12. Bolivia is ranked 103 out of 170 countries for this attribute.

Lastly, "Imports of goods, services and primary income (BoP, current US$)" in Bolivia total $8,610,339,831.18, below the average of $144,514,428,722.28. Bolivia ranks 105 out of 170 countries in this attribute data.

Summary

Bolivia has below-average values in various key macroeconomic indicators related to imports, such as total imports in current US dollars, imports as a percentage of GDP, and specific categories like ICT goods imports. Despite ranking lower than the global average in these indicators, Bolivia's international tourism expenditures as a percentage of total imports are slightly above average. These statistics are crucial as they provide insights into Bolivia's trade relations, economic openness, and potential areas for growth and improvement in its import sector.

Merchandise Imports

Merchandise imports (current US$): Bolivia's merchandise imports are $7.08 billion, significantly below the average of $89.39 billion. Bolivia ranks 104 out of 190 countries in this attribute.

Manufactures imports (% of merchandise imports): Bolivia's manufactures imports account for 74.33% of its merchandise imports, higher than the average of 66.76%. Bolivia ranks 36 out of 152 countries.

Agricultural raw materials imports (% of merchandise imports): Bolivia's imports of agricultural raw materials contribute to 0.80% of its merchandise imports, below the average of 1.27%. Bolivia ranks 111 out of 152 countries.

Food imports (% of merchandise imports): Bolivia's food imports make up 10.77% of its merchandise imports, below the average of 15.89%. Bolivia ranks 113 out of 152 countries.

Fuel imports (% of merchandise imports): Bolivia's fuel imports represent 13.19% of its merchandise imports, above the average of 11.38%. Bolivia ranks 54 out of 152 countries.

Ores and metals imports (% of merchandise imports): Bolivia's imports of ores and metals contribute to 0.86% of its merchandise imports, below the average of 2.57%. Bolivia ranks 123 out of 152 countries.

Merchandise imports by the reporting economy, residual (% of total merchandise imports): Bolivia's residual imports account for 0.03% of its total merchandise imports, far below the average of 2.51%. Bolivia ranks 143 out of 180 countries.

Summary

Bolivia's key macroeconomic indicators show that the country has relatively low merchandise imports totaling $7.08 billion, with a significant reliance on manufactured goods which account for 74.33% of imports. Additionally, Bolivia has a higher proportion of fuel imports compared to the average. These statistics are crucial as they indicate Bolivia's trade patterns, economic dependency on certain sectors, and potential vulnerabilities to external shocks in the global market.

Service Imports

Service imports (BoP, current US$): Bolivia's service imports amount to 1743792099.89112 USD, which is significantly lower than the average of 27615356170.47423 USD. Bolivia ranks 103 out of 171 countries in this attribute.

Communications, computer, etc. (% of service imports, BoP): Bolivia's percentage in this category is 44.02%, slightly below the average of 44.40%. Bolivia ranks 92 out of 169 countries in this attribute.

Transport services (% of service imports, BoP): Bolivia's percentage for transport services is 29.87%, lower than the average of 32.90%. Bolivia ranks 80 out of 169 countries in this attribute.

Travel services (% of service imports, BoP): Bolivia's travel services constitute 15.85% of imports, higher than the average of 14.14%. Bolivia ranks 51 out of 169 countries in this attribute.

Insurance and financial services (% of service imports, BoP): Bolivia's share of insurance and financial services in imports is 10.26%, surpassing the average of 8.53%. Bolivia ranks 49 out of 169 countries in this attribute.

Summary

Bolivia demonstrates a lower-than-average level of service imports compared to the global average, ranking 103 out of 171 countries. The country's allocation of service imports is notable for having a higher-than-average percentage in travel services and insurance/financial services, while lagging behind in communications and transport services. These indicators are crucial as they reflect Bolivia's priorities in utilizing service imports, potentially highlighting strengths and weaknesses in its service sector.

Commercial Service Imports

Analysis of Key Commercial Service Import Attributes for Bolivia:

Summary

In analyzing Bolivia's key commercial service import attributes, it is evident that Bolivia falls below the global average in terms of total commercial service imports, ranking 101st out of 171 countries. However, Bolivia demonstrates strength in certain sectors such as Insurance and Financial Services, where it outperforms the average and secures the 50th rank. These findings are important as they provide insights into Bolivia's economic priorities and areas of competitive advantage in the global market.

Infrastructure

For the attribute "Air transport, freight (million ton-km)", Bolivia's value is 17.96 million ton-km, significantly below the average of 1384.37 million ton-km. Bolivia ranks 70th out of 126 countries in this dataset.

Regarding "Air transport, registered carrier departures worldwide", Bolivia records 31,354 departures, well below the average of 134,365.61 departures. Bolivia is ranked 56th out of 149 countries for this indicator.

In terms of "Air transport, passengers carried", Bolivia carries 2,627,202 passengers, below the average of 11,848,242.70 passengers. Bolivia holds the 52nd rank out of 149 countries included in the dataset for this metric.

Summary

Bolivia's performance in key macroeconomic indicators related to air transport is notably below global averages. The country ranks below average in freight transport, registered carrier departures, and the number of passengers carried. This could indicate limitations in Bolivia's air transport infrastructure and connectivity, potentially impacting trade, tourism, and overall economic development.

Information Technology Infrastructure

1. Secure Internet servers: Bolivia has a value of 2452, which is significantly below the average of 458294. Bolivia ranks 95 out of 193 countries in this attribute.

2. Secure Internet servers (per 1 million people): With a value of 205.43, Bolivia is below the average of 14067.17. Bolivia ranks 120 out of 193 countries in this category.

3. Individuals using the Internet (% of population): Bolivia has 59.94% of its population using the Internet, slightly below the average of 64.77%. Bolivia ranks 116 out of 180 countries in this aspect.

4. Fixed broadband subscriptions: Bolivia's 931918 subscriptions are below the average of 6591956.35. The country ranks 74 out of 185 countries in fixed broadband subscriptions.

5. Mobile cellular subscriptions: Bolivia's 11804343 subscriptions are below the average of 42526463.87. The country ranks 77 out of 193 countries in mobile cellular subscriptions.

Summary

Bolivia lags behind the global average in key indicators related to internet infrastructure and connectivity, such as secure internet servers, internet usage among the population, fixed broadband subscriptions, and mobile cellular subscriptions. These figures suggest a digital divide within the country, indicating potential challenges in accessing and utilizing online resources for both individuals and businesses. Improving these metrics is crucial for Bolivia to enhance its digital infrastructure, promote economic growth, and participate more effectively in the global digital economy.

Energy Consumption

For Renewable energy consumption, Bolivia's value of 16.86% is significantly below the average of 32.18%. This places Bolivia at a rank of 117 out of 191 countries in the dataset.

Regarding CO2 emissions, Bolivia's value of 18375.3 kt is notably lower than the average of 171895.94 kt. This positions Bolivia at a rank of 88 out of 188 countries in the dataset.

Summary

Bolivia's renewable energy consumption at 16.86% is well below the global average of 32.18%, ranking it at 117 out of 191 countries. Similarly, its CO2 emissions of 18375.3 kt are significantly lower than the average of 171895.94 kt, placing Bolivia at 88 out of 188 countries. These indicators suggest that while Bolivia lags behind in renewable energy adoption, its environmental impact through CO2 emissions is comparatively lesser. Addressing the low renewable energy consumption could not only improve Bolivia's global ranking but also contribute to sustainable development and environmental conservation.

Government Balance Sheet

1. Total reserves (% of total external debt): Bolivia's value is 34.03%, which is below the attribute average of 66.13%. Bolivia ranks 53 out of 102 countries in this data set.

2. Reserves and related items (BoP, current US$): Bolivia's value is -$2,081,193,475.15, which is below the attribute average. The country ranks 149 out of 171 countries in this data set.

3. Total reserves minus gold (current US$): Bolivia's value is $2,662,435,863.70, significantly below the attribute average. Bolivia ranks 103 out of 161 countries in this data set.

4. Total reserves (includes gold, current US$): Bolivia's value is $5,247,234,668.80, also well below the attribute average. The country ranks 90 out of 161 countries in this data set.

5. Total reserves in months of imports: Bolivia's value is 7.31 months, slightly above the attribute average of 7.10 months. Bolivia ranks 53 out of 151 countries in this data set.

Summary

Bolivia's total reserves as a percentage of its total external debt fall below the global average, ranking the country 53rd out of 102 countries. The country's reserves and related items, total reserves minus gold, and total reserves including gold are all below the attribute averages as well, with Bolivia ranking 149th, 103rd, and 90th respectively in these categories. Despite having total reserves in months of imports slightly above the global average, Bolivia still ranks 53rd out of 151 countries in this data set.

These findings are crucial as they indicate Bolivia may face challenges in managing its external debt obligations and maintaining a sufficient level of reserves to support its economy. The rankings also suggest that Bolivia may need to implement strategies to enhance its reserve levels and improve its standing compared to other countries globally.

Taxes

Analysis of Tariff rate, applied, weighted mean, all products (%): Bolivia's tariff rate of 5.18% is slightly below the average rate of 5.21%. Bolivia is ranked 64th out of 153 countries in this data set.

Summary

Bolivia's weighted average tariff rate of 5.18% positions it slightly below the global average of 5.21%, ranking 64th out of 153 countries. This indicates Bolivia's relatively moderate stance on tariffs compared to other nations, which can impact its trade relationships, competitiveness, and overall economic growth.

Top Stats

Ranks in Top Decile For:

Attribute Rank/Total
Forest area (sq. km) 14/191

Ranks in Bottom Decile For:

Attribute Rank/Total
Foreign direct investment, net inflows (BoP, current US$) 167/182
Foreign direct investment, net inflows (% of GDP) 168/178
Manufactures exports (% of merchandise exports) 141/152
Medium and high-tech exports (% manufactured exports) 135/149
Insurance and financial services (% of service exports, BoP) 150/161
Insurance and financial services (% of commercial service exports) 151/161