The Bolivian economy registered a growth rate of 2.3% in the first quarter of this year, which is higher than the Latin American average of 1.6%, Planning Minister Sergio Cusicanqui said.
“Bolivia reported an inflation rate of 0.8%, one of the lowest in the world,” Cusicanqui said in an assessment to state media.
“The world economy tends to a process of recession or fall in economic growth, added to inflationary pressures, mainly in developed economies, but Bolivia stands out with positive economic growth,” he said.
“This percentage value of GDP growth reflects that the South American country continues on the path of economic growth,” he added.
“Bolivia remains on the path of economic growth driven, fundamentally, by domestic demand, which had a growth rate of more than 10 percent,” he said.
The minister argued that the indicator for the first quarter of this year reflects that Bolivia has a stable economy and describes a trajectory of sustained economic recovery as a result of the economic reactivation measures implemented.
The sectors that contributed to this growth are the services sector (5.2%), transport and storage (4.1%), electricity, gas, and water (3.9%), construction (3.5%), and financial establishments (3.3%), among others.
“Bolivia maintains average growth and low inflation despite the world scenario as a result of the Economic, Social, Community, and Productive Model, resumed by the Government of President Luis Arce in November 2020,” according to Cusicanqui.
