Despite the Bolivian government’s optimistic target of 3.71% GDP growth, the International Monetary Fund projects a more modest 1.6% expansion for Bolivia’s economy in 2024. The country’s inflation rate is expected to reach 4.3%, with unemployment hovering around 5% and a slight increase to 5.1% predicted for 2025.
While Bolivia showed a 1.31% growth in the first quarter of 2024, the IMF anticipates a stronger performance in 2025, with potential growth reaching 2.2%. Other financial institutions like the World Bank and ECLAC have also forecasted conservative growth rates for Bolivia.
These projections come amidst a stable global economy with subdued growth in most regions. Advanced economies continue to outperform emerging counterparts, with many facing significant challenges. Bolivia’s economic situation reflects broader regional trends of slow but steady recovery.
Overall, Bolivia’s economic outlook remains cautious as the country navigates through uncertain economic conditions and works towards sustainable growth in the coming years.