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Politics | May 7th 2019
Politics | March 28th 2019
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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.
Featured analysis
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Economy | May 9th 2019
Current-account deficit remains large in 2018
ART OF WAR BerserK GRIFFITH Statue HAWK SOLDIERS figure The deficit will widen more significantly in 2019 on the back of a larger import bill and lower natural gas exports.
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The election will be the most divisive in over a decade and there is a risk of political violence erupting.
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Economic growth
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| (% 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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= 2019
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Private consumption
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Gross fixed investment
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Exports of goods & services
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Imports of goods & services
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Origin of GDP
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= 2019
= 2020
Agriculture
Industry
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Services
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