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Bolivia is expected to lead regional economic growth

La Paz, Jun 9 (Prensa Latina) A forecast from the Ministry of Economy and Public Finance affirms that Bolivia will be among the leaders of South America in 2023, according to the growth rates of the Gross Domestic Product in the region, with 4.86 percent.

“Bolivia is one of the economies that showed significant resistance to the ravages of the international crisis, caused by the armed conflict between Russia and Ukraine, and the government’s efforts will continue to be framed in preventing the consequences of the external panorama from affecting Bolivian families”, according to the report.

Despite the adverse international environment, the indicators of the Bolivian economy confirm that progress on the path of reconstruction and reactivation prevails.

Until last May, inflation was 0.6% “thanks mainly to the effort made by the Government to maintain the subsidy for gasoline, diesel and food”.

According to the report, the solidity of the financial system is another sign of Bolivia’s economic stability.

Based on all the data provided, the June 2023 World Economic Outlook report by the World Bank positioned Bolivia among the economies with the best growth projections in the region for 2023, with 2.5 percent, followed by Peru, Uruguay, Colombia, Brazil, Argentina and Chile.


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