Bolivia/

Bolivia is one of the poorest and least developed countries in Latin America. Following a disastrous economic crisis during the early 1980s, reforms spurred private investment, stimulated economic growth, and cut poverty rates in the 1990s. The period 2003-05 was characterized by political instability, racial tensions, and violent protests against plans - subsequently abandoned - to export Bolivia’s newly discovered natural gas reserves to large northern hemisphere markets. In 2005, the government passed a controversial hydrocarbons law that imposed significantly higher royalties and required foreign firms then operating under risk-sharing contracts to surrender all production to the state energy company in exchange for a predetermined service fee. After higher prices for mining and hydrocarbons exports produced a fiscal surplus in 2008, the global recession in 2009 slowed growth. A decline in commodity prices that began in late 2008, a lack of foreign investment in the mining and hydrocarbon sectors, a poor infrastructure, and the suspension of trade benefits with the United States will pose challenges for the Bolivian economy.

$47.98 billion (2010 est.)

$46.22 billion (2009 est.)

$44.7 billion (2008 est.)

$19.18 billion (2010 est.)

3.8% (2010 est.)

3.4% (2009 est.)

6.1% (2008 est.)

$4,800 (2010 est.)

$4,700 (2009 est.)

$4,700 (2008 est.)

4.614 million (2010 est.)

8.3% (2010 est.)

7.7% (2009 est.)

30.3% of population living on less than $2/day (2009 est.)

58.2 (2009)

44.7 (1999)

17.5% of GDP (2010 est.)

40.3% of GDP (2010 est.)

40.3% of GDP (2009 est.)

2.1% (2010 est.)

3.3% (2009 est.)

3% (31 October 2010)

13% (31 December 2008)

10% (31 December 2010 est.)

12.36% (31 December 2009 est.)

$4.374 billion (31 December 2010 est)

$3.524 billion (31 December 2009 est)

$12.16 billion (31 December 2009)

$11.04 billion (31 December 2008)

$8.314 billion (31 December 2008 est.)

$7.233 billion (31 December 2007 est.)

$2.792 billion (31 December 2009)

$2.672 billion (31 December 2008)

$2.263 billion (31 December 2007)

soybeans, coffee, coca, cotton, corn, sugarcane, rice, potatoes; timber

mining, smelting, petroleum, food and beverages, tobacco, handicrafts, clothing

4% (2010 est.)

5.495 billion kWh (2007 est.)

4.665 billion kWh (2007 est.)

0 kWh (2008 est.)

0 kWh (2008 est.)

47,050 bbl/day (2009 est.)

59,000 bbl/day (2009 est.)

10,950 bbl/day (2007 est.)

6,172 bbl/day (2007 est.)

465 million bbl (1 January 2010 est.)

14.2 billion cu m (2008 est.)

2.41 billion cu m (2008 est.)

11.79 billion cu m (2008 est.)

0 cu m (2008 est.)

750.4 billion cu m (1 January 2010 est.)

$878 million (2010 est.)

$800.7 million (2009 est.)

$6.058 billion (2010 est.)

$4.848 billion (2009 est.)

natural gas, soybeans and soy products, crude petroleum, zinc ore, tin

Brazil 41.38%, US 13.87%, Japan 5.62%, Colombia 5.32%, South Korea 4.7%, Peru 4.16% (2009)

$5.006 billion (2010 est.)

$4.095 billion (2009 est.)

petroleum products, plastics, paper, aircraft and aircraft parts, prepared foods, automobiles, insecticides, soybeans

Brazil 27.12%, Argentina 15.69%, US 12.77%, Chile 9.11%, Peru 6.85% (2009)

$8.739 billion (31 December 2010 est.)

$8.581 billion (31 December 2009 est.)

$6.13 billion (31 December 2010 est.)

$5.653 billion (31 December 2009 est.)

$NA (31 December 2009)

$5.998 billion (31 December 2008)

$NA (31 December 2010)

$63.8 million (31 December 2008)

bolivianos (BOB) per US dollar - 7.0699 (2010), 7.07 (2009), 7.253 (2008), 7.8616 (2007), 8.0159 (2006)