The gross domestic product in Bolivia expanded 4.43 percent year-on-year in the second quarter of 2018, little changed from a 4.44 percent advance in the previous period. Growth was mainly supported by: finance, insurance and real estate activities (5.42% vs 6.35%); commerce (5.27% vs 4.19% in Q1); transport and communications (3.26% vs 5.20%); construction (5.72%, the same pace as in Q1); manufacturing (4.24% vs 4.25%) and agriculture, forestry, hunting and fishing (8.24% vs 6.60%). On the expenditure side, government spending (3.87% vs 3.95%), household consumption (3.92% vs 4.01%) and fixed investment (3.89% vs 8.13%) all rose at a slower pace. However, net external demand contributed positively to growth as exports (8.67% vs 3.11% in Q1) were stronger than imports (3.32% vs -1.03% in Q1). GDP Annual Growth Rate in Bolivia averaged 4.16 percent from 1991 until 2018, reaching an all time high of 8.07 percent in the third quarter of 1994 and a record low of -0.89 percent in the second quarter of 1999.
GDP Annual Growth Rate in Bolivia is expected to be 4.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Bolivia to stand at 3.80 in 12 months time. In the long-term, the Bolivia GDP Annual Growth Rate is projected to trend around 3.80 percent in 2020, according to our econometric models.