Bolivia Nature & Economy

Location: Central South America, southwest of Brazil
Population: 10,390,000 (2015 est.)
Land Area: 1098581 km2
Capital: Sucre
Main cities: La Paz, Santa Cruz, Cochabamba, El Alto, Oruro
Languages: Spanish (official), Quechua (official), Aymara (official)
GDP: $30.79 billion(2013 est.)
Monetary unit: Boliviano
Exports: $12.162 billion f.o.b. (2013 est.)
Exports - commodities: natural gas, soybeans and soy products, crude petroleum, zinc ore, tin
Exports - partners: Brazil 45.6%, US 10.8%, Argentina 9.2%, Colombia 6.8%, Japan 5.5%, South Korea 4.3% (2006)
Imports: $9.282 billion f.o.b. (2013 est.)
Imports - commodities: petroleum products, plastics, paper, aircraft and aircraft parts, prepared foods, automobiles, insecticides, soybeans
Imports - partners: Brazil 29.3%, Argentina 16%, Chile 12.1%, US 9.1%, Peru 8.1% (2006)
Land use:
arable land: 2.78%
permanent crops: 0.19%
other: 97.03% (2005)
Natural resources: tin, natural gas, petroleum, zinc, tungsten, antimony, silver, iron, lead, gold, timber, hydropower
 
Economy Overview
Bolivia is a world famous exporter of mineral products, where industry is not so developed and most domestic demands are met by farm produce. The Bolivian economy has been growing slowly since 1998. The Morales government, elected in 2005, actively interfered in economic administration, abandoned neo-liberalism and boosted the national status in economic life. It nationalized oil and natural gas resources, raised the price of natural gas export and promoted land reform. In 2005, the total export value was USD 2.734 billion, a rise of 24.58 percent year on year and the main exports were fuel, natural gas, minerals and garlic; import value was USD 2.343 billion, a rise of 24.13 percent, and the main imports were raw materials, intermediate products, industrial equipment, consumer goods, transportation equipment and food. Industry in Bolivia focuses on the processing of food, textile, leather, wine and tobacco, and boasts Vinto Refinery, the world third largest. Bolivia joined the World Trade Organization (WTO) in 1995.



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