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Bolivia’s economy has undergone structural economic transformation during Evo Morales’s presidency. Inflation has plagued, and at times crippled, the Bolivian economy since the 1970s. … ... adjusted for inflation. During the observation period from 1979 to 2019, the average inflation rate was 351.2% per year. Data cited at: World Economic Outlook, October 2020, The International Monetary Fund. Source: CIA World Factbook - Unless otherwise noted, information in this page is accurate as of December 1, 2020 Tax fraud: prison sentence of 3 to 6 years, and a fine of 100 percent of the unpaid taxes, adjusted for inflation… Real (inflation-adjusted) per capita GDP grew by more than 50 percent over these past 13 years. Bolivia inflation rate for 2019 was 1.84%, a 0.43% decline from 2018. For 2019, an inflation rate of 1.8% was calculated. Even as Bolivia ended 2019 with annual inflation of 1.47%, well below the official projection of 3.5%, due to food price stability, the National Statistics Institute (INE) reported late Monday. Bolivia’s economic freedom score is 42.7, making its economy the 172nd freest in the 2021 Index. At first, Morales’ economic legacy seems impressive. Near-term outlook. Exports – Goods. At one time in 1985 Bolivia experienced an annual inflation rate of more than 20,000 percent. In 2019, the average inflation rate in Bolivia amounted to about 1.84 percent compared to the previous year. Fiscal and monetary reform reduced the inflation rate to single digits by the 1990s, and in 2004 Bolivia experienced a manageable 4.9 percent rate of inflation. The revision reflects better-thananticipated second quarter GDP outturns, mostly in advanced economies, where activity … This statistic shows the average inflation rate in Bolivia from 1985 to 2019, with projections up until 2025. International Supplies of Goods and Services. The last Article IV Executive Board Consultation was on November 9, 2018. Inflation, consumer prices (annual %) International Monetary Fund, International Financial Statistics and data files. Its overall score has decreased by 0.1 point, primarily because of a decline in trade freedom. The Central Bank of Bolivia regulates and provides the exchange rates. Global growth is projected at −4.4 percent in 2020, a less severe contraction than forecast in the June 2020 World Economic Outlook (WEO) Update. The Laspeyres formula is generally used. More broadly, Bolivia’s next president will have to take actions to narrow the fiscal deficit and to redress the external accounts. The inflation rate for consumer prices in Bolivia moved over the past 40 years between 0.9% and 11,749.6%. This was twice the rate of growth for the Latin American and Caribbean region. Definition of Inflation rate (consumer prices): This entry furnishes the annual percent change in consumer prices compared with the previous year's consumer prices. Bolivia. Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. From 2006, the year he took office, through 2018, GDP growth averaged 4.9%, according to World Bank data. Inflation is a positive value in the inflation rate and means a general decrease in purchasing power for the domestic currency in the country in question and a general increase in prices of goods and services compared to the currency ... Bolivia: 5.72 5.78 4.06 3.63 2.82 Annual inflation, meanwhile, averaged 5.5%. There is a floating exchange rate. 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