|Precious metal ore|
|Other heating machinery|
|Planes, helicopters & space crafts|
Bolivia, officially known as the Plurinational State of Bolivia, is a landlocked country located in western-central South America. It is bordered to the north and east by Brazil, to the southeast by Paraguay, to the south by Argentina, to the southwest by Chile, and to the northwest by Peru. One-third of the country is the Andean mountain range, with its largest city and principal economic centers located in the Altiplano. The country's population, estimated at 10 million, is multiethnic, including Amerindians, Mestizos, Europeans, Asians, and Africans. The racial and social segregation that arose from Spanish colonialism has continued to the modern era. Spanish is the official and predominant language, although 36 indigenous languages also have official status, of which the most commonly spoken are Guarani, Aymara and Quechua languages. Modern Bolivia is constitutionally a democratic republic, divided into nine departments. Its geography varies from the peaks of the Andes in the West to the Eastern Lowlands, situated within the Amazon Basin. It is a developing country, with a medium ranking in the Human Development Index and a poverty level of 53 percent. Its main economic activities include agriculture, forestry, fishing, mining, and manufacturing goods such as textiles, clothing, refined metals, and refined petroleum. Bolivia is very wealthy in minerals, especially tin.
The economy of Bolivia is the 95th largest economy in the world in nominal terms and the 87th economy in terms of purchasing power parity. It is classified by the World Bank to be a lower middle-income country. Banking in Bolivia has long suffered from corruption and weak regulation. However, a series of reforms initiated by the 1993 Banking Law and subsequent acts are gradually improving Bolivia’s banking sector. Bolivia has a central bank and nine private banks. Consolidation occurred following reforms, lowering the number of private banks in Bolivia from 14 in 1995 to nine in 2003. Foreign participation and investment in Bolivian banks are allowed. About 90 percent of Bolivian bank deposits are held in U.S. dollars. The Bolivian government is trying to change this situation by taxing dollarized accounts while exempting boliviano accounts from the tax. As recently as 2002, 27 percent of all loans were non-performing, leading most foreign investors to focus their resources in the somewhat-safer venue of corporate lending. Most bank lending in 2003 went to manufacturing (24 percent), followed by property services (18 percent) and trade and retail (16 percent). Bad debt remains at a historically high level. Further reforms are necessary, including the pending act to introduce a deposit guarantee system. Bolivia’s stock market expanded in 1998 to include corporate bonds, along with the money market and government bond options that had existed previously. The privatization of Bolivia’s social security program has bolstered the stock market.
|Agriculture||Vegetables, fruits, rice, corn, potatoes, coffee, sugar, cotton & cocoa.|
|Manufacture||Mining, smelting, petroleum, food and beverages, tobacco, handicrafts, clothing & jewelry|
|Services (Including financial)||52.3% (2013 estimate)|
|British Gas Bolivia||Energy Sector|
|De La Rue||Finance|
|Cargill Bolivia||Biotechnology and Pharmaceuticals|
|Kimberl-Clark Bolivia||Personal and Household goods|
|Precious metal ore|
|Other heating machinery|
|Planes, helicopters & space crafts|
The stock market in Bolivia called “Bolsa Boliviana De Valores”. Its capitalization in Bolivia and other countries is calculated as the number of shares traded on the stock exchange times their prices. It is a measure of the size of the stock market in the country. It is usually reported as percent of GDP so that we can evaluate the size of the stock market relative to the size of the economy. The number of listed companies on the stock exchange in Bolivia is an indicator of the development of the stock market. A higher number means that more companies use equity financing in their business. Of course, the number of listed companies in Bolivia and other countries also reflects the size of the economy: larger economies have more firms. Listed companies’ rankings around the world. Create and download charts for Bolivia Listed companies and other indicators with the country comparator.
The global financial crisis is expected to have a negative impact on the Bolivian economy. Effects will transmit into the economy through lower export prices and quantities, a reduced amount of remittances and depressed foreign direct investment (FDI) flows. These shocks will bring about deficits in the current account and fiscal balances, foreign exchange reserves losses, sluggish economic growth, and higher unemployment rates. The latest data available show that the economy is already experiencing the effects of the economic downturn, in the form of decreased exports revenues, sharp reductions in the rates of growth of foreign of exchange reserves and bank lending and a tendency towards a re-dollarization of financial assets and liabilities. The Bolivian economy, however, is well prepared, at least in the short run, to cope with the negative effects of the crisis. The commodity export boom experienced between 2005 and 2008 has permitted the country to run sizable external and fiscal surpluses and accumulate foreign exchange reserves. The financial system has exhibited more prudent behavior in recent years, by not expanding credit too much and increasing investments in highly liquid public bonds. Therefore, although banks are expected to be affected by the global financial crisis, they have high liquidity ratios and are not extremely exposed to risk. The capacity of the Bolivian economy to offset the negative effects of the global crisis will depend on several factors, such as the severity and duration of the crisis and, above all, the quality of the policies that policymakers will implement to cope with the crisis. The government faces several trade-offs in implementing policies in order to cope with the effects of the crisis. The central bank, for instance, is committed to maintaining a fixed exchange rate, in order to reduce inflationary pressures and to avoid a re-dollarization of the financial system. However, a fixed exchange rate policy has already brought about an exchange rate appreciation, which is hurting the competitiveness of tradable activities. Furthermore, the government has room to implement countercyclical fiscal policies, by resorting to the deposits accumulated in the central bank during the export boom years. During 2009, the government is planning to expand public investment and to increase direct transfers to the population. However, these policies are not likely to offset the negative effects that the crisis will have on growth and employment. More efforts should be made to improve the quality of public spending, in order to maximize its impact on economic growth, employment creation and poverty reduction.
Before Spanish colonization, the Andean region of Bolivia was part of the Inca Empire, while independent tribes inhabited the northern and eastern lowlands. Spanish conquistadors arriving from Cuzco and Asunción took control of the region in the 16th century. During most of the Spanish colonial period, Bolivia was known as Upper Peru and administered by the Royal Court of Charcas. Spain built its empire in great part upon the silver that was extracted from Bolivia's mines. After the first call for independence in 1809, 16 years of war followed before the establishment of the Republic, named for Simon Bolívar, on 6 August 1825. Since independence, Bolivia has endured periods of political and economic instability, including the loss of various peripheral territories to its neighbors, such as Acre and parts of the Gran Chaco. It has been landlocked since the annexation of its Pacific coast territory by Chile following the War of the Pacific (1879–84), but agreements with neighboring countries have granted it indirect access to the Pacific and Atlantic oceans.
Juan Jose Torres
The boliviano (BOB) is the currency of Bolivia. It is divided into 100 cents or centavos in Spanish. Boliviano was also the name of the currency of Bolivia between 1864 and 1963. The first boliviano was introduced in 1864. It was equivalent to eight soles or half a scudo in the former currency. Initially, it was subdivided into 100 centesimos but this was altered to centavos in 1870. The name Bolivar was used for an amount of ten bolivianos. The boliviano was initially pegged at a rate of 1 boliviano = 5 French francs. In 1940, multiple exchange rates to the U.S. dollar were established (40 and 55 bolivianos = 1 dollar). However, the boliviano continued to fall in value. In 1963, it was replaced by the peso boliviano (ISO 4217: BOP) at a rate of one thousand to one.
In 1864, copper 1 and 2 centesimos, and silver 1?20, 1?10, 1?5 and 1 boliviano were introduced. In 1870, silver 5, 10 and 20 centavos were introduced, followed by silver 50 centavos in 1873 and copper 1 and 2 centavos in 1878. In 1883, cupro-nickel 5 and 10 centavos were introduced. Because these were similar in size to the silver 10 and 20-centavo coins, some were officially punched with a Centre hole. Larger 5 and 10-centavo coins were issued from 1892. The 50 centavos was last struck in 1879, whilst the 1 and 2 centavos were last struck in 1883. The last 5 centavos were struck in 1935, whilst, in 1937, cupro-nickel 50 centavos were introduced, followed in 1942 by issues of zinc 10 and 20 centavos and bronze 50 centavos. These were the last issues below 1 boliviano. In 1951, bronze 1, 5 and 10 bolivianos were issued. In 1988, stainless-steel 2, 5, 10, 20 and 50 centavo and 1 boliviano (dated 1987) coins were introduced, followed by stainless-steel 2 bolivianos in 1991. Copper-plated steel 10 centavos were introduced in 1997 and bi-metallic 5 bolivianos in 2001. The 2 and 5-centavo coins are no longer in circulation. The 2-boliviano coin has been minted in two sizes, both of which remain legal tender. The smaller 2-boliviano coin is almost the same as the 1-boliviano coin, leading to potential confusion, although the 2 boliviano coins are undecagon whilst the 1 boliviano coins are round. All the coins in Bolivia has the obverse the number of the amount of money with the inscription "La union es la Fuerza" ("Union is strength" in Spanish) and in the reverse the coat of arms of Bolivia with the inscription "Estado Plurinacional de Bolivia" (Plurinational State of Bolivia).
In 1873, the Banco Nacional de Bolivia in denominations of 1, 5, 10, 20, 50 and 100 bolivianos issued the first boliviano banknotes. 20 and 40-centavo notes were added in 1875. Notes were also issued by the Banco Agricola, the Banco de Bolivia y Londres, the Banco del Comercio, the Banco Francisco Argandoña, the Banco Industrial de La Paz (later the Banco Industrial), the Banco Mercatil and the Banco Potosi, with denominations of 1, 5, 10, 20, 50 and 100 bolivianos. The last issue of these private banks was made in 1911. In 1903, the Treasury introduced notes in denominations of 50 centavos, 1, 5, 10 and 20 bolivianos. In 1911, the Banco de la Nación Boliviana began issuing notes. The first issue, in denominations of 1, 5, 10, 20, 50 and 100 bolivianos, was overprinted on notes of the Banco de Bolivia y Londres. Regular issues, in the same denominations, followed later the same year. In 1928, the Banco Central took over paper money issuance, with notes for 1, 5, 10, 20, 50, 100, 500 and 1000 bolivianos. 5000 and 10,000 boliviano notes followed in 1942. Post-inflation economic period annual percentage rate capital appreciation and growth made all the inflation period bolivianos cash banknotes at par value current and legally circulating with the new. In 1987, peso boliviano banknotes were overprinted with denominations in centavos and bolivianos to produce provisional issues of 1, 5, 10 and 50 centavos, and 1, 5 and 10 bolivianos. Regular issues followed the same year in denominations of 2, 5, 10, 20, 50, 100 and 200 bolivianos. The 2 boliviano note was replaced by a coin in 1991, with the same happening to the 5 boliviano in 2001, although the Bolivian central bank still lists the 5 boliviano note as "in circulation" -The 10 Bolivianos bill has in the obverse to the painter Cecilio Guzman and reverse an image of city of Cochabamba. -The 20 Boliviano bill has in the obverse to the lawyer Pantaleon Dalence and in the reverse an image of The Golden Colonial House of Tarija. The 50 Boliviano bill has in the obverse to the painter Melchor Perez and in the reverse you can see the Tower of Church of the Society of Jesus in the city of Potosi- The 100 Boliviano bill has in the obverse of the great historian Gabriel Rene Moreno and the reverse one image of the Mayor Real and Papal University of Saint Francisco Xavier of Chuquisaca in the capital, the city of Sucre, the 200 Boliviano bill has to the obverse to the writer and former president of Bolivia, Franz Tamayo and in the reverse an image of ruins of the Pre Inca empire of Tiahuanaco in the shores of Lake Titicaca in the state or department of La Paz As of 2013. The 2 and 5 Bolivianos bills are officially out of circulation.
|National Song||"Himno Nacional de Bolivia"|
|Currency||Bolivian boliviano (BOB)|
|GDP||78.655 Billion USD|
|GDP Growth Rate||4.8 Percent|
|GDP Per Capita||$7218.491 (PPP)|
< 1.0% Muslims
< 1.0% Hindus
< 1.0% Buddhists
< 1.0% Jews
1.0% Other Religions
Mestizo (Mixed White And Amerindian Ancestry) 30%
President – Evo Morales
|Website||Go to the web|
|Public Debt||42.104 Percent|
|Unemployment Rate||3.709 Percent|
|Labor Force (Occupation)||-|