US EditionIne: in 2024, Gdp only Grew by 0.73% Due to Blockades And
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Gabriel Espinoza, former director of the Central Bank of Bolivia and leader of the economic team of Alianza Unidad, said that Bolivia is in a clear situation of stagflation with a process of accelerated price increases and families with lower incomes. Naira...
The Bolivian economy did not grow even 1% in management 2024, because the figure was only 0.73%. The International Monetary Fund (IMF), as well as the World Bank (BM) and Cepal projected growth less than 2%, while the government estimated 3.71%. The entry Bolivian economy did not grow even 1% in 2024 was first published in El Diario
In a press conference, the director general of the National Institute of Statistics (INE), Humberto Arandia, reported that in the management 2024 the Gross Domestic Product (GDP) only reported a growth of 0.73% and a negative balance of -2,60% in the last trimester compared to 2023 due to the blockades.
Bolivia reported a growth of 0.73% of its gross domestic product (GDP) in 2024, which is attributed mainly to roadblocks carried out by sectors related to ex-mandatario Evo Morales, reported on Friday the state National Institute of Statistics (INE). The director of the INE, Humberto Arandia, mentioned that roadblocks affected "keyly and directly all the logistics of the productive sector" and prevented fuels from reaching cities and the country…
Outside the year of the pandemic in 2020, when there was a decline of -8%, there had been no growth less than 1% per year of GDP since 1999 when it reached 0.4%.
The economy closed 2024 with an accumulated growth of 0.73%, marked by social conflicts, prolonged blockades and climatic factors. The crude oil and natural gas sector recorded a drastic fall of -13.41%, being one of the hardest hit areas of the year.
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