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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 in 2010.
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$45.56 billion (2009 est.)
country comparison to the world: 91
$44.1 billion (2008 est.)
$41.57 billion (2007 est.)
note:
data are in 2009 US dollars
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$17.63 billion (2009 est.)
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3.3% (2009 est.)
country comparison to the world: 57
6.1% (2008 est.)
4.6% (2007 est.)
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$4,700 (2009 est.)
country comparison to the world: 146
$4,600 (2008 est.)
$4,400 (2007 est.)
note:
data are in 2009 US dollars
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agriculture: 11.3%
industry:
36.9%
services:
51.8% (2008 est.)
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4.534 million (2009 est.)
country comparison to the world: 78
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agriculture: 40%
industry:
17%
services:
43% (2006 est.)
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8.5% (2009 est.)
country comparison to the world: 96
7.5% (2008 est.)
note:
data are for urban areas; widespread underemployment
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60% (2006 est.)
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lowest 10%: 0.5%
highest 10%:
44.1% (2005)
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59.2 (2006)
country comparison to the world: 7
44.7 (1999)
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17.2% of GDP (2009 est.)
country comparison to the world: 122
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revenues: $7.914 billion
expenditures:
$7.904 billion (2009 est.)
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42% of GDP (2009 est.)
country comparison to the world: 62
45.8% of GDP (2008 est.)
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3.3% (2009 est.)
country comparison to the world: 104
14% (2008 est.)
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13% (31 December 2008)
country comparison to the world: 59
6.5% (31 December 2007)
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13.87% (31 December 2008)
country comparison to the world: 67
12.86% (31 December 2007)
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$3.998 billion (31 December 2008)
country comparison to the world: 75
$3.032 billion (31 December 2007)
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$6.339 billion (31 December 2008)
country comparison to the world: 74
$4.729 billion (31 December 2007)
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$5.433 billion (31 December 2008)
country comparison to the world: 87
$4.759 billion (31 December 2007)
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$NA (31 December 2009)
country comparison to the world: 91
$2.672 billion (31 December 2008)
$2.263 billion (31 December 2007)
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soybeans, coffee, coca, cotton, corn, sugarcane, rice, potatoes; timber
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mining, smelting, petroleum, food and beverages, tobacco, handicrafts, clothing
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2.9% (2009 est.)
country comparison to the world: 47
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5.495 billion kWh (2007 est.)
country comparison to the world: 111
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4.665 billion kWh (2007 est.)
country comparison to the world: 112
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0 kWh (2008 est.)
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0 kWh (2008 est.)
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47,050 bbl/day (2009 est.)
country comparison to the world: 65
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59,000 bbl/day (2009 est.)
country comparison to the world: 93
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10,950 bbl/day (2007 est.)
country comparison to the world: 95
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6,172 bbl/day (2007 est.)
country comparison to the world: 152
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465 million bbl (1 January 2009 est.)
country comparison to the world: 47
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14.2 billion cu m (2008 est.)
country comparison to the world: 35
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2.41 billion cu m (2008 est.)
country comparison to the world: 78
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11.79 billion cu m (2008 est.)
country comparison to the world: 18
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0 cu m (2008 est.)
country comparison to the world: 79
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750.4 billion cu m (1 January 2009 est.)
country comparison to the world: 30
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$780 million (2009 est.)
country comparison to the world: 44
$2.015 billion (2008 est.)
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$4.819 billion (2009 est.)
country comparison to the world: 103
$6.448 billion (2008 est.)
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natural gas, soybeans and soy products, crude petroleum, zinc ore, tin
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Brazil 41.38%, US 13.87%, Japan 5.62%, Colombia 5.32%, South Korea 4.7%, Peru 4.16% (2009)
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$4.079 billion (2009 est.)
country comparison to the world: 122
$4.641 billion (2008 est.)
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petroleum products, plastics, paper, aircraft and aircraft parts, prepared foods, automobiles, insecticides, soybeans
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Brazil 27.12%, Argentina 15.69%, US 12.77%, Chile 9.11%, Peru 6.85% (2009)
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$8.581 billion (31 December 2009 est.)
country comparison to the world: 73
$7.722 billion (31 December 2008 est.)
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$5.349 billion (31 December 2009 est.)
country comparison to the world: 100
$5.931 billion (31 December 2008)
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$NA (31 December 2009)
$5.998 billion (31 December 2008)
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$NA (31 December 2009)
$63.8 million (31 December 2008)
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bolivianos (BOB) per US dollar - 7.0699 (2009), 7.253 (2008), 7.8616 (2007), 8.0159 (2006), 8.0661 (2005)
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