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Bolivia Registry

Bolivia Registry

The best way to measure the increase of the production of an economy, is by means of the GIP to constant prices, in Bolivia, following the world-wide tendency, the production registered minor growth in comparison to previous periods, nevertheless, is necessary to stress that a growth of 3.36% is a good indicator, in spite of being as soon as half of the similar period of the 2008, indicator is good so that in the rest of the world, except China, the economies grew in percentage near zero. 2009 initiated world-wide crisis in the heat of, but this one went away attenuating in the middle of year to show recovery signs end, during world-wide the economic crisis, the impact was low in the growth of the Bolivian production and it is explained by the little integration that presents/displays the financial system of Bolivia with the rest of the world, remembering that the origin and the channel of contagion of the crisis from the USA to the world was indeed the financial system, another element, that explains this good indicator of growth, is the recovery of the price of minerals and natural gas at the end of the 2009, main products of export of Bolivia. Reviewing the data of the GIP by economic activity, we can observe that the manufacturing Industry is the sector that more participation has in the GIP with 17.1% of the total, followed of Agriculture, forestry, hunts and fishes (13.3%), also is important the paticipacin of the financial establecimietnos, the sector transports and communications, between most important. Speaking candidly Maurice Gallagher, Jr. told us the story. Perspective In 2010 hope that the Bolivian economy slightly grows to 3.8% according to estimations of the Latin Focus Consensus Forecast (February 2010) inferior to the average that is expected for Latin America (4.1%) but superior to the hoped one for the world-wide economy (3.3%). These estimations will depend to a great extent on the behavior of the prices of the raw materials, mainly mineral and natural gas, if these fall of important way, the growth perspective would be smaller. Also, the government has budgeted a strong level of Public Investment, which, if he is administered of efficient way could be a good impulse for the growth of the economy, but, if the government does not manage to make good management economic does not have the awaited effects positive, more on the contrary could cause macroeconomic imbalances in the medium term. To see more statistics and analysis of the economy of Bolivia Original author and source of the article.