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Bolivia

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Country summary

Capital

La Paz (administrative capital)

Borders

Argentina 832 km, Brazil 3,423 km, Chile 860 km, Paraguay 750 km, Peru 1,075 km

Government type

republic; note - the new constitution defines Bolivia as a "Social Unitarian State"

Population

9,775,246 (July 2010 est.)[1]

Population growth %

1.772 (2010 est.)[1]

Life expectancy

66.89 years[1]

Unemployment

8.5% (2009 est.)[1]

Index of Economic Freedom

146[2]

Corruption Perceptions Index

120[3]

Doing Business ranking

161[4]


Bolivia, named after independence fighter Simon BOLIVAR, broke away from Spanish rule in 1825; much of its subsequent history has consisted of a series of nearly 200 coups and countercoups. Democratic civilian rule was established in 1982, but leaders have faced difficult problems of deep-seated poverty, social unrest, and illegal drug production. In December 2005, Bolivians elected Movement Toward Socialism leader Evo MORALES president - by the widest margin of any leader since the restoration of civilian rule in 1982 - after he ran on a promise to change the country's traditional political class and empower the nation's poor, indigenous majority. However, since taking office, his controversial strategies have exacerbated racial and economic tensions between the Amerindian populations of the Andean west and the non-indigenous communities of the eastern lowlands. In December 2009, President MORALES easily won reelection, and his party took control of the legislative branch of the government, which will allow him to continue his process of change.[1]

Economical characteristicsEdit

  • Currency: Boliviano (ISO code: BOB)
  • Central bank discount rate: 13% (31 December 2008)[1]
  • Commercial banks lending rate: 13.87% (31 December 2008)[1]
  • Stock of money (M1): $3.998 billion (31 December 2008)[1]
  • Quasi money (with M1 makes M2): $6.339 billion (31 December 2008)[1]


StatisticsEdit

Statistic / Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
GDP (million USD)[5] 8 285 8 398 8 142 7 905 8 082 8 773 9 549 11 452 13 120 16 674
Govt. debt (% of GDP)[6]
Govt. revenue (% of GDP)[7] 18.377 18.796 20.242 22.972 23.204 23.266
Govt. expenses (% of GDP)[8] 28.784 28.208 27.211 25.983 23.938 21.811
Debt to revenue (years)

ReferencesEdit

Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.

  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 CIA - The World Facebook. "Bolivia", from The World Facebook. Referenced 2010-09-28.
  2. Heritage Foundation. "Bolivia", Economic Freedom Score. A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-09-28.
  3. Transparency International. "Bolivia", Corruption Perceptions Index 2009. A lower ranking is better; but please note that the numbers cannot be compared between countries or years due to different methodology. Referenced 2010-09-28.
  4. Doing Business. "Bolivia", Doing Business 2010 (part of The World Bank Group). A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-09-28.
  5. World Bank. "Bolivia: GDP", from World Bank Data. Referenced 2010-09-28.
  6. World Bank. "Bolivia: government debt", from World Bank Data. Referenced 2010-09-28.
  7. World Bank. "Bolivia: government revenue", from World Bank Data. Referenced 2010-09-28.
  8. World Bank. "Bolivia: government expenses", from World Bank Data. Referenced 2010-09-28.

External linksEdit

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