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In brief

The general election is scheduled for October 20th and president, Evo Morales, of the left-wing Movimiento al Socialismo who is seeking a fourth term, will face a close contest. Growth will average 4.1% in 2019-23, with the business environment hindered by interventionist policies and an overvalued currency. Higher public spending and a substantial current-account deficit will weigh on the fiscal balance and the large stock of foreign reserves, requiring some adjustments. 

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Economic growth

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Economic growth
(% unless otherwise indicated)
2018 2019 2020
US GDP 2.9 2.2 1.7
OECD GDP 2.2 1.7 1.6
World GDP 2.9 2.6 2.6
World trade 4.4 3.3 2.9
Source: The Economist Intelligence Unit

Expenditure on GDP

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1998 BEANIE BABY HALO THE ANGEL BEAR BY TY
= 2019
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Private consumption
2019=4.6, 2020=3.8
1998 HASBRO--SMALL SOLDIERS MOVIE--6.5 BATTLE DAMAGE ARCHER FIGURE (NEW) Government consumption
2019=6.0, 2020=2.5
Gross fixed investment
1998 Kidpower Maurice Sendak's Your Friend Little Bear Plush Toy Talks & Laughs 2019=4.4, 2020=3.5
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Exports of goods & services
God of War II 12 Kratos Player Select Talking Figure Incomplete Damaged 2019=4.0, 2020=1.8
Imports of goods & services
2019=3.6, 2020=1.5
GODZILLA - 1993 Mechagodzilla Pvc Figure X Plus Source: The Economist Intelligence Unit