More than 80 percent of Bolivia's rural population lives below the poverty line, a fact that is largely due to the low productivity of small-scale farming. With no mass production techniques and frequent water shortages, the quality of product and the money said products generate remain low.
OVERALL RISK : MEDIUM. Bolivia is somewhat safe to visit, though it has many dangers. You should be aware that tourist hotspots, restaurants, shops and public transportation are places where most thefts and pickpocketing occur, and that violent crime exists on the streets, too.
Among so much more, Bolivia is known for its astonishing sights such as the Uyuni Salt Flats and Lake Titicaca, its quaint historic towns like Sucre and PotosÃ, and its impressive ethnic and linguistic diversity.
In the last two decades Bolivia has become a major exporter of natural gas (43 percent of total exports). Other exports include: silver (12 percent of total exports), zinc (10 percent) and soybeans and related products (7 percent).
Here are the 10 poorest countries in South America:
Montserrat ($62.05 Mn)Poorest Countries In South America 2021.
| Country | Bolivia |
|---|
| GDP (IMF '19) | $43.69 Bn |
|---|
| GDP (UN '16) | $33.81 Bn |
|---|
| Per Capita | $33.81 Bn |
|---|
Primary sector
- Agriculture and forestry.
- Mining.
- Banking and finance.
- Tourism.
- Oil.
- Natural gas.
- Electricity.
Impunity for violent crime and human rights violations remain serious problems in Bolivia. The administration of President Evo Morales has created a hostile environment for human rights defenders that undermines their ability to work independently.
Overcrowding is at critical levels in Bolivian penitentiaries, according to a report by the Andean Information Network (AIN). With its prison system at well over 250 percent of total capacity, Bolivia has the fifth-worst overcrowding situation in Latin America after Haiti, El Salvador, Guatemala and Venezuela.
Here are the 10 richest countries in South America:
United States ($18.62 Tn)
Richest Countries In South America 2021.
| Country | Peru |
|---|
| GDP (IMF '19) | $232.08 Bn |
|---|
| GDP (UN '16) | $192.21 Bn |
|---|
| Per Capita | $192.21 Bn |
|---|
The traditional staples of Bolivian cuisine are corn, potatoes, quinoa and beans. These ingredients have been combined with a number of staples brought by the Spanish, such as rice, wheat, and meat, including beef, pork, and chicken.
The term was first used to describe Bolivia following the 1980 coup of Luis GarcÃa Meza which was seen to be primarily financed with the help of narcotics traffickers. Nowadays scholars argue that the term “narco-state†is oversimplified because of the underlying networks running the drug trafficking organisations.
List of American countries by monthly average wage
| State | Local Currency | Net (USD) |
|---|
| Bolivia | BOB | $272 |
| Dominican Republic | DOP | $392 |
| Honduras | | |
| Paraguay | PYG | $400 |
The country has two oil refineries with a total crude oil distillation capacity of 52,350 b/d and meets most of its petroleum product consumption through domestic supply. Bolivia is a net importer of petroleum and other liquids. Bolivia exported 13,000 b/d of crude oil in 2014, with nearly half sent to Argentina.
Today, the term Third World describes a country that is not developed as much as other countries and faces economic, social, political, environmental and other issues.
Third World Countries 2021.
| Country | Human Development Index | 2021 Population |
|---|
| Bolivia | 0.693 | 11,832,940 |
| Vietnam | 0.694 | 98,168,833 |
| Indonesia | 0.694 | 276,361,783 |
| Egypt | 0.696 | 104,258,327 |
Bolivia: Economy
| Economic Trivia | Bolivia has had the highest growth rate in South America since the global recession. |
|---|
| Top Industries | Mining; Smelting; Petroleum; Food and Beverages |
This statistic shows the unemployment rate in Bolivia in 1999 to 2020. In 2020, the unemployment rate in Bolivia was at approximately
5.61 percent.
Bolivia: Unemployment rate from 1999 to 2020.
| Characteristic | Unemployment rate |
|---|
| 2020 | 5.61% |
| 2019 | 3.46% |
| 2018 | 3.52% |
| 2017 | 3.66% |
Since 2001, Bolivia's leading legal agricultural export has been soybeans. Additionally, cotton, coffee, and sugarcane have been viable exports for Bolivia. For domestic consumption, corn, wheat, and potatoes are the crops of choice of Bolivian farmers.
Bolivia, country of west-central South America. Extending some 950 miles (1,500 km) north-south and 800 miles (1,300 km) east-west, Bolivia is bordered to the north and east by Brazil, to the southeast by Paraguay, to the south by Argentina, to the southwest and west by Chile, and to the northwest by Peru.
Natural gas and oil revenues represent some of the largest sources of income for Bolivia's economy. In 2014, the oil and gas sector represented 8.7 percent of GDP and 55 percent of total exports. The sector has contributed to more than one third of the Treasury's income in recent years.
Dirt floors, crowded bedrooms and lack of clean water and essentials spell proliferation of illness and parasites. As rising urbanization means 68.5 percent live in cities, Habitat views managing the space of the millions who live in city slums as a human rights issue.
Colombia meets every criterion of an emerging market economy. Its GDP per capita, at $6,428.676 as of 2019, falls well below the developed country threshold but ranks much higher than most of its peers in the developing world. 1 Its 2020 HDI was 0.767; again, insufficient for a developed country but not far behind.
Brazil has a developing mixed economy that is the twelfth largest in the world by nominal gross domestic product (GDP) and eighth largest by purchasing power parity in 2020. Brazil is the 83rd country in the world in GDP per capita, with a value of US$6,450 per inhabitant. The country is rich in natural resources.
