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Andean Group - October 2011 (ISSN 1741-4466)

ECONOMIC OVERVIEW: BOLIVIA

Trade: A report by the national statistics institute (INE) showed that over the first eight months of 2011, Bolivia registered a US$1.1bn trade surplus, 1.05% less than the amount recorded over the same period the previous year. According to the report, imports between January and August 2011 reached US$4.68bn – a 40.19% increase on the same period the previous year. Exports reached US$5.82bn, a 29.63% increase on the same period in 2010.

Inflation: Bolivia closed September with 0.30% inflation, bringing the accumulated rate to 5.54% and the 12 month rate to 9.93% according to the INE. In February last, the Central Bank (BCB) revised its inflation forecast for the year from 4%-6%.

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