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Finance of Bolivia

The minimum monthly wage in Bolivia is 290 USD. Bolivia has a government debt of 26.7% of the country's Gross Domestic Product (GDP), as assessed in 2014. With regard to consumer prices, the inflation rate in Bolivia is 6.5%. The currency of Bolivia is Bolivian boliviano. The plural form of the word Bolivian boliviano is bolivianos. The symbol used for this currency is Bs., and it is abbreviated as BOB. The Bolivian boliviano is divided into centavo; there are 100 in one boliviano. Each year, consumers spend around $11,358 million. The ratio of consumer spending to GDP in Bolivia is 0.04%, and the ratio of consumer spending to the world consumer market is 3.27%. The corporate tax in Bolivia is set at 25%. Personal income tax ranges from 0% to 25%, depending on your specific situation and income level. VAT in Bolivia is 13%. In 2013, Bolivia received 658.6 million USD in foreign aid.In 2014, the foreign aid amounted to 721.8 USD.

Gross Domestic Product

The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Bolivia is $70,279 billion. The Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) per capita in Bolivia was last recorded at $6,266,141. PPP in Bolivia is considered to be very good when compared to other countries. Very good PPP indicates that citizens in this country find it easy to purchase local goods. Local goods can include food, shleter, clothing, health care, personal care, essential furnishings, transportation and communication, laundry, and various types of insurance. Countries with very good PPP are safe locations for investments. The total Gross Domestic Product (GDP) in Bolivia is 30,601 billion. Based on this statistic, Bolivia is considered to have a medium economy. Countries with medium economies support an average number of industries and opportunities for investment. It should not be too difficult to find worthwhile investment opportunities in medium economies. The Gross Domestic Product (GDP) per capita in Bolivia was last recorded at $2,728,414. The average citizen in Bolivia has very high wealth. Countries with very high wealth per capita have an extended life expectancy and very high standard of living. Highly skilled workers can be found in many industries, and labor is very expensive in these countries. Countries with very high wealth offer opportunities for safe investments, as they are often supported by a diverse and thriving financial sector. GDP Annual Growth Rate in Bolivia averaged 5.8% in 2014. According to this percentage, Bolivia is currently experiencing significant growth. Countries that are experiencing significant growth offer the best chance for a substantial return on investment, as GDP growth rate is the most important indicator of economic health. As GDP grows, business, jobs, and personal income grow as well.