Bolivia is currently home to the fastest growing economy in South America. Ever since President Evo Morales assumed office in 2006, Bolivia has been making economic and social strides towards being one of the most promising nations in the region. The country receives the most Foreign Direct Investment (FDI) (as a percentage of GDP) in South America. All of the country’s oil and gas sector was renationalised in 2006, and in 2013 accounted for 35% of its GDP. This has contributed to the impressive average annual growth in GDP of 5%. Inflations has generally remaining below 6% over the past decade, and remained at a respectable rate of 4.1% in 2015.
gasworld Business Intelligence predict continued strong growth going forward. The market may witness a degree of stagnation in the next 1-2 years due to low energy prices, however growth should be realised through an increase in demand – which will inherently require an increase in production.
Report Data: 2015