1945

In 1994 the Bolivian economy grew by over 4% for the second consecutive year, while inflation continued on a downward trend, falling to an 8.5% annual rate, its lowest level in 18 years. At the same time, Bolivia managed to reduce its fiscal and trade deficits. These achievements are signs of further progress towards the attainment of macroeconomic equilibria and a sustained economic recovery; however, per capita gross domestic product (GDP) is still 13% below the level reached in 1980.

Related Subject(s): Economic and Social Development
Countries: Bolivia
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