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Bolivia reports surplus equivalent to 2.5 percent of GDP

Bolivia reports surplus equivalent to 2.5 percent of GDP

La Paz, Feb 18 (Prensa Latina) The Bolivian Central Bank (BCB) assured that as of the third quarter of 2021, the country reported a surplus of 1.26 billion dollars, equivalent to 2.5 percent of the gross domestic product (GDP).
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“This result was achieved due to the surplus trade balance of goods and the important inflows of family remittances received.”

The BCB highlighted that this result had not been achieved for six years.

Another favorable factor was the larger flow of direct investment and a smaller reduction of reserve assets in the same period of the previous year.

Regarding the trade balance, the BCB estimated the surplus at 2.18 billion dollars, equivalent to the 5 percent of the total goods and services produced in the said period.

This parameter is the highest achieved in the last seven years thanks to an increase in exports (66.1 percent between July and September 2021), higher than that of imports.

Meanwhile, Bolivia achieved a net inflow of capital in excess of 258 million dollars in direct investment thanks to more reinvestment of profits.

The document stresses that the “gross direct investment flows received totaled 635 million dollars and were concentrated in the fields of hydrocarbons, mining and the manufacturing industry.

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