Gross Domestic Product for the Plurinational State of Bolivia
MKTGDPBOA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
49,668,296,743.85
Year-over-Year Change
83.38%
Date Range
1/1/1960 - 1/1/2024
Summary
The Gross Domestic Product (GDP) for Bolivia measures the total value of goods and services produced within the country. It is a key indicator of the overall health and growth of the Bolivian economy.
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
GDP is the broadest measure of a country's economic activity, representing the market value of all final goods and services produced within its borders over a specific period. It is widely used by economists, policymakers, and analysts to assess a country's economic performance and development.
Methodology
The GDP data for Bolivia is collected and calculated by the World Bank using national accounts data.
Historical Context
Bolivian GDP figures are closely monitored by the government, central bank, and international institutions to inform economic policy and investment decisions.
Key Facts
- Bolivia's GDP was $40.82 billion in 2021.
- GDP per capita in Bolivia was $3,501 in 2021.
- Bolivia's GDP grew by 6.1% in 2021 after a 7.7% contraction in 2020.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product (GDP) for Bolivia measures the total value of goods and services produced within the country over a specific period.
Q: Why is this trend relevant for users or analysts?
A: GDP is a crucial indicator of a country's overall economic health and growth, and it is closely monitored by policymakers, economists, and investors to inform decisions.
Q: How is this data collected or calculated?
A: The GDP data for Bolivia is collected and calculated by the World Bank using national accounts data.
Q: How is this trend used in economic policy?
A: Bolivian GDP figures are closely monitored by the government, central bank, and international institutions to inform economic policy and investment decisions.
Q: Are there update delays or limitations?
A: The GDP data for Bolivia may be subject to some delay in reporting and may not capture all economic activity in the informal sector.
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Citation
U.S. Federal Reserve, Gross Domestic Product for the Plurinational State of Bolivia (MKTGDPBOA646NWDB), retrieved from FRED.