Informal employment in Bolivia will rise to 84.2% in 2024 - La Patria Newspaper

84.2% of Bolivian workers are in informality. Specialists warn that the system discourages legality and punishes formal entrepreneurs. Closed businesses, low blinds and “rent” signs are increasingly common in the main cities of the country. Bolivia, which was once an example of economic stability, today leads the ranking of labor informality in Latin America. Data from the National Institute of Statistics (INE) and the International Labour Organ…

🔊 Listen to this news Labor informality in Bolivia has grown from 62.4% to 84.2% between 2005 and 2024, according to data from the National Institute of Statistics (INE). Experts such as Julio Linares and René Salomón explain that this increase is due to an economic model that prioritizes the creation of state-owned industries instead of promoting private initiative. This has led many entrepreneurs to abandon formality. Economic model and its i…