Bolivia

In 2001 the Bolivian economy racked up a third year of sluggish growth that fell far short of the rates of between 4% and 5% seen in the 1990s. The rate of 1.2% recorded in 2001 represented a further drop in per capita GDP. The main engine of economic growth was the production of natural gas for export, while domestic demand remained slack, especially in the area of investment, which continued to trend rapidly downward. In these circumstances, inflation came in at under 1% and the current-account deficit narrowed; this meant that the Central Bank could allow liquidity to expand slightly while maintaining a stable real exchange rate. At the same time, however, the fiscal deficit widened to 6.5% of GDP and open unemployment reached 8.5%.

Sustainable Development Goals:

Decent Work and Economic Growth

Industry, Innovation and Infrastructure

Peace, Justice and Strong Institutions