Source: world bank Nominal/PPP
Summary:
Bolivia GDP Per Capita expanded from 1960 to 2024, increasing from $0.38 to $54.88 .The compound annual growth rate (CAGR) averaged 8.08% over the period. The economy recorded its peak level in 2024 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 35.82%, indicating the largest cyclical decline from peak levels. The country experienced 5 recession episode(s) during the observed period.
Bolivia Economic Phases (1960 - 2024)
From 1960 to 2024, Bolivia economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1961–1972) indicating robust economic expansion
- High Growth (1974–1979) indicating robust economic expansion
- Contraction (1982–1983) indicating temporary slowdown
- Crisis (1985–1986) indicating severe economic downturn
- High Growth (1987–1988) indicating robust economic expansion
- Expansion (1989–1990) indicating steady moderate growth
- High Growth (1991–1992) indicating robust economic expansion
- Expansion (1993–1994) indicating steady moderate growth
- High Growth (1995–1998) indicating robust economic expansion
- Contraction (2001–2002) indicating temporary slowdown
- High Growth (2004–2008) indicating robust economic expansion
- High Growth (2010–2014) indicating robust economic expansion
- Expansion (2015–2016) indicating steady moderate growth
- High Growth (2017–2018) indicating robust economic expansion
- High Growth (2021–2022) indicating robust economic expansion
- Expansion (2023–2024) indicating steady moderate growth
The most remarkable growth occurred in 1974 with an increase of 66.295%, while the largest decline was in 1986 at -26.368%.