Gross Domestic Product in U.S. Dollars for Bolivia
BOLNGDPD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
61,954,103,425.40
Year-over-Year Change
127.09%
Date Range
1/1/2011 - 1/1/2024
Summary
The Gross Domestic Product (GDP) in U.S. Dollars for Bolivia measures the total value of goods and services produced in the Bolivian economy. This key economic indicator is crucial for understanding Bolivia's economic performance and development.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The GDP in U.S. Dollars for Bolivia represents the size and growth of the Bolivian economy relative to the U.S. dollar. It is a widely used metric for comparing economic activity across countries and analyzing trends in a nation's economic output.
Methodology
The data is collected and calculated by the World Bank based on official government statistics.
Historical Context
Policymakers and analysts use this GDP data to inform economic and fiscal policy decisions in Bolivia and for international comparisons.
Key Facts
- Bolivia's GDP in U.S. Dollars was $40.36 billion in 2021.
- Bolivia's GDP per capita in U.S. Dollars was $3,501 in 2021.
- Bolivia's GDP growth rate was 6.1% in 2021.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product (GDP) in U.S. Dollars for Bolivia measures the total monetary value of all the finished goods and services produced within the Bolivian economy.
Q: Why is this trend relevant for users or analysts?
A: This GDP data is crucial for understanding Bolivia's economic performance, size, and growth relative to other countries. It informs policymaking, investment decisions, and economic comparisons.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on official government statistics from Bolivia.
Q: How is this trend used in economic policy?
A: Policymakers and economists use Bolivia's GDP data to guide fiscal and monetary policies, assess the country's economic development, and make international comparisons.
Q: Are there update delays or limitations?
A: The GDP data may have a delay of several months before being published, and there can be revisions to historical figures as more complete information becomes available.
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Citation
U.S. Federal Reserve, Gross Domestic Product in U.S. Dollars for Bolivia (BOLNGDPD), retrieved from FRED.