Country Profile Bolivia

Capital:  La Paz
Population: 9,775,246 (July 2009 est.)
Currency: Boliviano (BOB)                                
Language:  Spanish (official),Quechua (official),Aymara (official), English
Time zone:  UTC-4
Government:  Republic
Chief of State: President Juan Evo MORALES Ayma

  • GDP real growth rate:

    • 5.6% (2008)
    • 4.6% (2007 est.)
    • 4.8% (2006 est.)                                        
  • Exports$6.384 billion f.o.b. (2008 est.)
  • Export Partners(2007):

    • Brazil 46%
    • USA 9.8%
    • Japan 7.6%
    • Argentina 5.8%
    • South Korea 4.8%
    • Peru 4.1%
  • Imports:$4.782 billion f.o.b. (2008 est.)
  • Import Partners:

    • Brazil 29.9%
    • Argentina 16.2%
    • Chile 10.5%
    • US 9.8%
    • Peru 8.1%
  • Country Dialing Code: +591
  • Emergency numbers:  110 to contact the police 118 for medical assistance
  • Voltage: 220V but can find some areas with 110V

Detailed country profile

ECONOMY

GDP real growth rate:

  • 5.6% (2008 est.)
  • 4.6% (2007 est.)
  • 4.8% (2006 est.)

GDP Composition by sector (2008)

  • Agriculture: 11.3%
  • Industry: 36.9%
  • Services: 51.8%   

Labor force by occupation(2006):

  • Agriculture: 40%
  • Industry: 17%
  • Services: 43%

Agriculture products:

  • Soybeans
  • Coffee
  • Cocoa
  • Cotton
  • Corn
  • Sugarcane
  • Rice
  • Potatoes
  • Timber

Industries:

  • Mining
  • Smelting
  • Petroleum
  • Food and beverages
  • Tobacco
  • Handicrafts
  • Clothing

Exports: $6.384 billion f.o.b. (2008 est.)

Export Commodities

  • Natural gas
  • Soybeans and soy products
  • Crude petroleum
  • Zinc ore
  • Tin

Main Export Partners(2007):

  • Brazil 46%
  • USA 9.8%
  • Japan 7.6%
  • Argentina 5.8%
  • South Korea 4.8%
  • Peru 4.1%     

Imports: $4.782 billion f.o.b. (2007 est.)

Import commodities:

  • Petroleum products
  • Plastics
  • Paper
  • Aircraft and aircraft parts
  • Prepared foods
  • Automobiles
  • Insecticides
  • Soybeans

Import partners(2007):

  • Brazil 29.9%
  • Argentina 16.2%
  • Chile 10.5%
  • US 9.8%
  • Peru 8.1%

Ports and Terminal:

Puerto Aguirre (inland port on the Paraguay/Parana waterway at the Bolivia/Brazil border)

Bolivia has free port privileges in maritime ports in Argentina, Brazil, Chile, Paraguay

Unemployment rate: 7.5% in urban areas; widespread underemployment (2007 est.)

GOVERNMENT

Government Type:Republic

Executive Branch:

Chief of state: President Juan Evo MORALES Ayma (since 22 January 2006) Vice President Alvaro GARCIA Linera (since 22 January 2006)
note - the president is both chief of state and head of government
cabinet: Cabinet appointed by the president
elections: president and vice president elected on the same ticket by popular vote for a single five-year term; election last held 18 December 2005 (next to be held in 2010)

Legal system:

Based on Spanish law and Napoleonic Code; has not accepted compulsory ICJ jurisdiction

GEOGRAPHY

Land Boundaries:total: 6,940 km

Border countries:

Climate:Varies with altitude; humid and tropical to cold and semiarid

Terrain:

  • Rugged Andes Mountains with a highland plateau (Altiplano)
  • Hills
  • Lowland plains of the Amazon Basin

Elevation Extremes:

  • Lowest point: Rio Paraguay 90 m
  • Highest point: Nevado Sajama 6,542 m

Natural resources:

  • Tin
  • Natural gas
  • Petroleum
  • Zinc
  • Tungsten
  • Antimony
  • Silver
  • Iron
  • Lead
  • Gold
  • Timber
  • Hydropower

Environment and international agreement:

Party to:

  • Biodiversity
  • Climate Change
  • Climate Change-Kyoto Protocol
  • Desertification
  • Endangered Species
  • Hazardous Wastes
  • Law of the Sea
  • Marine Dumping
  • Ozone Layer Protection
  • Ship Pollution
  • Tropical Timber 83
  • Tropical Timber 94
  • Wetlands

Signed, but not ratified: Environmental Modification and Marine Life Conservation

Environment and current issues:

  • The clearing of land for agricultural purposes and the international demand for tropical timber are contributing to deforestation
  • Soil erosion from overgrazing and poor cultivation methods (including slash-and-burn agriculture)
  • Desertification
  • Loss of biodiversity
  • Industrial pollution of water supplies used for drinking and irrigation

PEOPLE

Ethnic groups:

  • Quechua 30%
  • Mestizo (mixed white and Amerindian ancestry) 30%
  • Aymara 25%
  • White 15%

Languages:

  • Spanish 60.7% (official)
  • Quechua 21.2% (official)
  • Aymara 14.6% (official)
  • Foreign languages 2.4%
  • Other 1.2% (2001 census)

Religion:

  • Roman Catholic 95%
  • Protestant (Evangelical Methodist) 5%

HISTORY

Express History

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 majority.

Source: The world factbook www.cia.gov


More resources about Bolivia is available on MercaTrade.com

>>Search for business opportunities in Bolivia, click here B2B Marketplace

>>Learn about etiquette in Bolivia, click here Etiquette Bolivia

>>Get the list of embassies and consulates in Bolivia, click here Embassy Bolivia

>>Find the latest Trade Agreements with Bolivia, click here Trade Agreement Bolivia

>>Get our FREE e-book about business in Latin America. Register now

 


Trade Agreements

Embassies

Country Profile

Business Traveler

Business Etiquette

Import/Export

Marketing

Legal

Payment and Finance

Articles

Trade Green

Trade Safely

Tax Free Zone

Real Estate

Franchise

Tradeshow

 

!