Bolivia: Final consumption expenditure (constant LCU)

Key figures

What the numbers say

In 2024, Bolivia's final consumption expenditure (constant LCU) rose 1.5% on 2023 (from 286.55 billion to 290.78 billion).

Across the 30 yearly changes before that (1994 to 2023), the average change was +3.5% and a typical year strayed about 2.8% from that (the standard deviation). This year's change was 0.7 standard deviations below 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 8.9% in 1965 and the biggest yearly fall was 9.6% in 2020. 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 the straight-line trend is upward, about 4.62 billion a year. A straight line explains 69% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

A straight-line projection, tested first

Extending that straight line gives about 308.13 billion for 2027. We show this only because the same method, fitted on earlier years, predicted 2022 to 2024 better than "no change" would have: its average miss was 6.92 billion, against 20.07 billion for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.

See how a linear trend forecast works and the guide on forecasting without fooling yourself.

How it compares

In 2024, Bolivia had the 8th highest value of the 29 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

• United States — 4th of 29: 20.19 trillion
• Angola — 5th of 29: 19.13 trillion
• Kazakhstan — 6th of 29: 13.32 trillion
• New Zealand — 8th of 29: 277.24 billion
• Ghana — 9th of 29: 165.32 billion
• Vanuatu — 10th of 29: 149.41 billion

What this measures

Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.

All 65 values

Final consumption expenditure (constant LCU) in nearby economies

• Argentina — 646.27 billion (2025)
• Bahamas, The — 10.8 billion (2024)
• Belize — 4.36 billion (2024)
• Brazil — 3.88 trillion (2025)
• Chile — 168.83 trillion (2025)
• Colombia — 955.93 trillion (2025)
• Costa Rica — 40.39 trillion (2025)
• Cuba — 42.75 billion (2024)
• Dominican Republic — 4.24 trillion (2025)
• Ecuador — 92.28 billion (2025)

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

• Where to find free public data, and how to check it before you trust it — 2 min read
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Questions people ask

What is Bolivia's final consumption expenditure (constant LCU)?

290.78 billion in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1960?

It is up 683.17% from 37.13 billion in 1960 (3.27% a year on average, compounded). The highest value was 290.78 billion in 2024 and the lowest 37.13 billion in 1960.

Source

World Bank, World Development Indicators, indicator NE.CON.TOTL.KN, 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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