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Republic of Bolivia

Republic of Bolivia. Republica de Bolivia Capital: La Paz, Sucre. ~ Babawande Afolabi. The Bolivian Basics…. Government : Republic (Democracy) President : Juan Evo Morales Ayma, Alvaro Garcia Linera (VP) Currency : Boliviano (BOB)

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Republic of Bolivia

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  1. Republic of Bolivia Republica de Bolivia Capital: La Paz, Sucre ~ Babawande Afolabi

  2. The Bolivian Basics… • Government: Republic (Democracy) • President: Juan Evo Morales Ayma, Alvaro Garcia Linera (VP) • Currency: Boliviano (BOB) • Natural Resources: Tin, natural gas, petroleum, zinc, antimony, silver, iron • Exports: Natural gas, Soybeans and soy products, zinc ore, tin • Partners-in-exports: Brazil 44.2%, US 12.5%, Argentina 10.9%, Colombia 7.8%, Peru 4.8% • Imports: Petroleum products, plastics, paper, aircraft and aircraft parts • Import Partners: Brazil 21.9%, Argentina 16.7%, US 13.8%, Chile 6.9%, Peru 6.5%, Japan 6.1%, China 5.8%

  3. The Bolivian Geography/Demography • Area: 1,098,580 sq km • Population: 9,119,152 • Population Density: 8.3/km2 • Population Growth Rate: 1.42% • Net Migration Rate: -1.18 migrants/1000 population • Life Expectancy: 66.19 years (total population), 63.53 years (Male), 68.97 years (Female) • Ethnic Groups: Quechua 30%, Mestizo 30%, Aymara 25%, white 15% • Religion: Roman Catholic 95%, Protestant 5% • Language: Spanish, Quechua & Aymara

  4. The Bolivian Economy… • GDP (PPP): $27.21 billion • GDP (Official exchange rate): $10.22 billion • GDP (per capita; PPP): $3,000 • GDP (Real growth rate): 3.3% • GDP composition: Agriculture 12.8%, Industry 36.1%, Services 51.2% • Inflation rate: 4.3% • Unemployment rate: 7.8% • Government Budget: $4.153 billion (Revenue), $3.619 billion (Expenditure) • Current Account Balance: $688million • Public Debt: 21.7% of GDP

  5. Regional Free Trade Areas… • Major Trading Partners – Brazil, US, Venezuela, Peru, Argentina, Colombia, Chile, China, Japan • Bolivia and the International Trade Center (ITC) partnership • The Andean Group • Mercosur • Possibility of a merger like the EU

  6. Bolivia’s External Relations… • Bolivia has a smooth relationship with the United States • The fight for the Atacama corridor (Bolivia VS Chile)

  7. Bolivia’s Fiscal Policy • Bolivia has been running a budget deficit for the past five years * Estimated

  8. Monetary and exchange rate policy • Banco de Bolivia and nine private banks • Foreign participation and investment are allowed in Bolivian banks • About 90% of Bolivian bank deposits are held in US dollars

  9. Bolivia’s Social Policy… • Social Security privatized • Availability of social welfare for the disabled and pregnant women • Limited funds for the unemployed, underemployed and families in need • A huge divide between the rural and urban regions • There is also a gender divide • Seven year educational reform

  10. References • Bolivia: History, Geography and Government (2006). Retrieved 5/15, 2007 from http://www.infoplease.com/ipa/A0107345.html • Bolivia: International Trade (2007). Retrieved 5/15, 2007 from http://unjobs.org/duty_stations/bolivia/topics/international-trade • CIA world factbook: Bolivia. (2007), from https://www.cia.gov/library/publications/the-world-factbook/geos/bl.html • Country Profile: Bolivia (2006). Retrieved 5/15, 2007, from http://lcweb2.loc.gov/frd/cs/profiles/Bolivia.pdf • Country Reports: Bolivia (2007). Retrieved 5/15, 2007 from http://www.countryreports.org/country.aspx?countryid=31&countryName=Bolivia • Mercosur Trade Center (2007). Retrieved 5/15, 2007 from http://www.mercosurtc.com/

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