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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 Ing. Victor Hugo Zamoa Castedo.

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 ( 1,098,581
Population (inhabitants) 11,307,314
Capital Sucre
Continent South America
Language(s) Spanish (official), Quechua, Aymara, Guarani
National currency Bolivian Boliviano
Time Zone GMT-4
Labor force (inhabitants) 5,680,545
GDP (current billion US$) 40.58
GDP per capita (current US$) 3,588.90
GDP growth (percentage) 4.20
Exports of Goods and Services (current billion US$) 10.34
Proven natural gas reserves (billion c.m.) 303
Natural gas marketed production (billion c.m.) 18.70
Pipeline exports (billion c.m.) 13.84
Domestic natural gas consumption (billion c.m.) 4.86


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