What is helping the economy of bolivia




















President Luis Arce on Wednesday announced inoculations would be open to anyone over 18, saying the economy was starting to recover after being paralyzed last year, but needed "people to be protected from the disease. He added that there would be a "massive" vaccine push in July and August with the arrival of 1 million doses every 10 days from July 10, including Russia's Sputnik V, and deals with China's Sinopharm N Janssen.

Subscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox. More from Reuters. Sign up for our newsletter Subscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox. Salaries increased after the government took direct involvement in income inequality. The real minimum wage increased by percent in the years The average labor income also increased by 36 percent during Blog - Latest News.

Bolivia is a South American country that continues to reduce its high poverty rate. Poverty lowered substantially from 66 percent in to 35 percent in The government of Bolivia took direct action to develop its economy, reduce its poverty and income inequality and increase foreign investment.

Poverty almost reduced by half from to , which economic growth partly drove after Bolivia transitioned into a democratic society during the s. Share sensitive information only on official, secure websites. Discusses key economic indicators and trade statistics, which countries are dominant in the market, and other issues that affect trade. The Bolivian economy is poised for growth. Bolivia, like most countries in the world, suffered a hard hit on economic activity due to the COVID outbreak.

GDP in contracted 8. Bolivians like American products. Made in the USA generally signals quality and innovation to Bolivian consumers. Bolivians also like to purchase U. For larger purchases by local governments, U.

Bolivia is rich in non-renewable natural resources.



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