Bolivia's external balance on goods and services (current LCU) was -15.58 billion in 2024, the latest year in the World Bank's World Development Indicators. That is down 616.93% from 3.01 billion in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | -15.58 billion | 2024 |
| Five years earlier | -19.41 billion | 2019 |
| Ten years earlier | 3.01 billion | 2014 |
| Highest | 17.56 billion | 2012 |
| Lowest | -20.8 billion | 2018 |
| Average since 2015 | -14.5 billion | 2015–2024 |
| First recorded | -346 |
What the numbers say
In 2024, Bolivia's external balance on goods and services (current LCU) rose 1.79 billion on 2023 (from -17.37 billion to -15.58 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was −503.13 million and a typical year strayed about 5.7 billion from that (the standard deviation). This year's change was 0.4 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 9.17 billion in 2021 and the biggest yearly fall was 17.14 billion in 2015. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 there is no clear straight-line trend: a straight line explains 13% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Bolivia had the 24th highest value of the 34 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Bolivia in the 2024 ranking
- Timor-Leste — 20th of 34: -1.39 billion
- Solomon Islands — 21st of 34: -4.05 billion
- New Zealand — 22nd of 34: -5.4 billion
- Vanuatu — 24th of 34: -35.09 billion
- Zimbabwe — 25th of 34: -44.35 billion
- Bhutan — 26th of 34: -45.85 billion
What this measures
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 65 values
| Year | External balance on goods and services (current LCU) |
|---|---|
| 2024 | -15,577,806,900 |
| 2023 | -17,369,988,400 |
| 2022 | -6,820,530,900 |
| 2021 | -1,859,475,200 |
| 2020 | -11,031,597,800 |
| 2019 | -19,410,392,000 |
| 2018 | -20,795,328,300 |
| 2017 | -20,623,165,200 |
| 2016 | -17,414,143,700 |
| 2015 | -14,129,400,900 |
External balance on goods and services (current LCU) in nearby economies
- Argentina — 6.33 trillion (2025)
- Aruba — 581.8 million (2024)
- Bahamas, The — -581.9 million (2024)
- Belize — 94.46 million (2024)
- Brazil — 44.58 billion (2025)
- Chile — 14.08 trillion (2025)
- Colombia — -100.13 trillion (2025)
- Costa Rica — 3.22 trillion (2025)
- Cuba — -433.06 billion (2024)
- Curaçao
More economic policy & debt data for Bolivia
- Total reserves, including gold (current US$) — US$579.91 million (2025)
- Total reserves, excluding gold (current US$) — US$579.91 million (2025)
- GDP (current US$) — US$64.77 billion (2025)
- GDP (current LCU) — 447.55 billion (2025)
- GDP (constant 2015 US$) — US$37.21 billion (2025)
- GDP (constant LCU) — 329.37 billion (2025)
- GDP per capita (current US$) — US$5,148 (2025)
- GDP per capita (current LCU) — 35,571 (2025)
- GDP per capita (constant 2015 US$) — US$2,957 (2025)
- GDP per capita (constant LCU) — 26,178 (2025)
- General government final consumption expenditure (current US$)
Reading data like this
Questions people ask
- What is Bolivia's external balance on goods and services (current LCU)?
- -15.58 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1960?
- It is down 4.5 billion% from -346 in 1960. The highest value was 17.56 billion in 2012 and the lowest -20.8 billion in 2018.
- How does Bolivia rank?
- 24th highest of 34 economies with data for 2024.
- Is the latest change in external balance on goods and services (current LCU) unusual for Bolivia?
- In 2024, Bolivia's external balance on goods and services (current LCU) rose 1.79 billion on 2023 (from -17.37 billion to -15.58 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was −503.13 million and a typical year strayed about 5.7 billion from that (the standard deviation). This year's change was 0.4 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NE.RSB.GNFS.CN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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