Bolivia
- Author: Economic Commission for Latin America and the Caribbean
- Main Title: Economic Survey of Latin America and the Caribbean 1993 , pp 39-64
- Publication Date: December 1994
- DOI: https://doi.org/10.18356/a6823c1b-en
- Language: English
The annual rate of economic growth in Bolivia accelerated to 4% in 1993 more than double that of the previous year, the economy thus recovered the growth rate recorded in 1990-1991. At the same time, inflation was brought down to slightly more than 9%, its lowest level in 17 years, despite the fact that the endemic fiscal deficit rose to 6% of output. All of this was helped considerably by a substantial inflow of resources from abroad, equivalent to around 14% of output, which financed a huge balance-of-payments deficit on current account and an increase in international reserves amounting to 2% of gross domestic product (GDP).
© United Nations
ISBN (PDF):
9789210601207
Book DOI:
https://doi.org/10.18356/a858e3b6-en
Related Subject(s):
Economic and Social Development
Sustainable Development Goals:
Countries:
Bolivia
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