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BoliviaBolivia Member

Plurinational State of Bolivia is a diverse country located between the Andes and the Amazon, in which various ethnic groups coexist. It is bordered by Brazil to the north and east, Paraguay and Argentina to the south, and Chile and Peru to the west. At 1,083,300.0 square kilometers Bolivia is the world's 28th-largest country.

The main language spoken is Spanish, although the Aymara Quechua languages are also common and all three as well as 34 other indigenous languages, are official.

President of Bolivia is HE Evo Morales who in 2006 became the first elected indigenous president in the history of the country, with a campaign based on an increased participation of the poor and a redistribution of the country's natural wealth. Vice –president is HE Alvaro Garcia and Minister of Hydrocarbons is HE Luis Alberto Sanchez Fernandez.

The hydrocarbon sector is controlled by the state-owned Yacimientos Petroliferos Fiscales Bolivianos (YPFB) company. Bolivia has the second largest natural gas reserves in South America after Venezuela, providing an important potential source of energy to its Southern Cone neighbours and to Brazil. Petroleum plays a significant part in Bolivia economics seventy-five percent of which is drilled in four Santa Cruz oil fields--La Peña, Monteagudo and Caranda.

Other economic activities in the country include agriculture,forestry, fishing, mining, and manufacturing goods such as textiles, clothing, refined metals, and refined petroleum. Bolivia is very wealthy in minerals especially in tin.

Photo: Sucre

Major Indicators

Land (1000 sq. km) 1,083.30
Head of State  HE Evo Morales
Population (million inhabitants) 9,862,860
Capital La Paz
Language(s) Spanish, Quechua, Aymara, Guarani
National currency Boliviano
Energy sources Natural gas, hydropower
GDP per capita (current US$) 2.421 (2011)
GDP (current billion US$) 24.4 (2011)
GDP growth % 5.9%  (2011)
Value of exports (billion $) 9.1  (2011)
Value of oil exports (billion $) 0.14 (2010)
Value of gas exports (billion $) na
Current account balance (BoP, billion $) 0.54 (2011)
Proven crude oil reserves (billion barrels) 0.210 (2012)
Crude oil production, NGPL and other liquids (1,000 b/d) 48.6 (2011)
Refinery capacity (1,000 b/d) na
Production of refined petroleum products (1,000 b/d) 45.2 (2010)
Consumption of petroleum products (1,000 b/d) 62 (2011)
Crude oil exports (1,000 b/d) na
Exports of refined petroleum products (1,000 b/d) 6.915 (2010)
Proven natural gas reserves (trillion cu. m.) 0.28 (2012)
Natural gas exports (billion cu. m.) 13.3 (2011)
Domestic Dry Natural gas consumption (billion cu. m.) 2.48 (2011)
Marketed production of natural gas (billion cu. m.) 16.1 (2011)


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