In 2009, Bolivia's GDP grew by 3.36%

The best way to measure the increase in production of an economy is by GDP at constant prices, in Bolivia, following the global trend, output less growth compared to previous periods, however, it is necessary to emphasize that growth of 3.36% is a good indicator, despite being only half the similar period of 2008, is a good indicator that the rest of the world except China, the economies grew at rates close to zero.

2009 began in the midst of global crisis, but it was attenuated by mid-year to show signs of recovery at the end, during the global economic crisis, the impact was low in the Bolivian output growth and explains the lack of integration that has Bolivia's financial system with the rest of the world, remembering that the source and channel of contagion from the U.S. crisis was precisely the world financial system, another element that explains this good growth indicator is the price recovery minerals and natural gas in late 2009, major export products of Bolivia.

Reviewing the data on GDP by economic activity, we see that manufacturing is the sector that has participation in GDP with 17.1% of the total, followed by agriculture, forestry, hunting and fishing (13.3%), is also important establecimietnos paticipación of financial, transport and communications sector, the most important.

Perspectives

In 2010, Bolivia's economy expected to grow at 3.8% according to estimates by Latin Focus Consensus Forecast (February 2010) slightly below the average expected for Latin America (4.1%) but higher than expected for the economy worldwide (3.3%).

These estimates depend largely on the behavior of prices of commodities, mainly minerals and natural gas if they significantly reduce the prospects for growth would be lower.

Also, the government has budgeted a strong level of public investment, which, if efficiently managed could be a good impetus for economic growth, but if the government fails to make good economic management will have positive effects expected, rather the contrary could cause macroeconomic imbalances in the medium term.

See more statistics and analysis of Bolivia's economy