Real GDP at Constant National Prices for the Plurinational State of Bolivia
RGDPNABOA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97,502.52
Year-over-Year Change
72.69%
Date Range
1/1/1950 - 1/1/2019
Summary
This economic trend measures the real gross domestic product (GDP) of Bolivia, adjusted for inflation and based on constant national prices. It is a key indicator of Bolivia's economic growth and development over time.
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
Real GDP at constant national prices is a widely used macroeconomic indicator that represents the total value of all goods and services produced within Bolivia, adjusted for changes in prices. It is an important measure of a country's economic performance and standard of living.
Methodology
The data is collected and calculated by the Bolivian National Institute of Statistics using established national accounting frameworks.
Historical Context
Policymakers and analysts use this real GDP trend to assess Bolivia's economic conditions and make informed decisions.
Key Facts
- Bolivia's real GDP grew by 4.2% in 2021.
- The agricultural sector accounts for approximately 13% of Bolivia's real GDP.
- Bolivia's real GDP per capita was $3,700 in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) of Bolivia, adjusted for inflation and based on constant national prices. It represents the total value of all goods and services produced within the country.
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a key indicator of a country's economic growth and development over time, making it highly relevant for policymakers, economists, and analysts when assessing Bolivia's economic conditions and performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Bolivian National Institute of Statistics using established national accounting frameworks.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this real GDP trend to evaluate Bolivia's economic conditions and make informed decisions regarding fiscal, monetary, and developmental policies.
Q: Are there update delays or limitations?
A: There may be occasional delays in the release of the latest real GDP data due to the time required for data collection and processing by the Bolivian statistical agency.
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Citation
U.S. Federal Reserve, Real GDP at Constant National Prices for the Plurinational State of Bolivia (RGDPNABOA666NRUG), retrieved from FRED.