Economy of Bolivia

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Economy of Bolivia - Reference
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Economy of Bolivia - Reference: Encyclopedia II - Economy of Bolivia - Economy

Bolivia's 2002 gross domestic product (GDP) totaled $7.9 billion. Economic growth is about 2.5% a year and inflation expected to be between 3% and 4% in 2002 (it was under 1% in 2001). Since 1985, the Government of Bolivia has implemented a far-reaching program of macroeconomic stabilization and structural reform aimed at maintaining price stability, creating conditions for sustained growth, and alleviating poverty. A major reform of the customs service in recent years has significantly improved transparency in this area. The most imp ...

Population below poverty line: 70% (1999 est.) Household income or consumption by percentage share: lowest 10%: 2.3% highest 10%: 31.7% (1990) Inflation rate (consumer prices): 2.1% (1999 est.) Labor force: 2.5 million Labor force - by occupation: agriculture NA%, industry NA%, services NA% Unemployment rate: 11.4% (1997) with widespread underemployment Budget: revenues: $2.7 billion expenditures: $2. ...

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