RCS, NAM, OAS, OPANAL,
PCA, RG, UN, UNCTAD, UNESCO, UNIDO, UPU, WCL, WFTU, WHO, WMO, WTO
Diplomatic representation:
Ambassador Jorge CRESPO; Chancery at 3014 Massachusetts Avenue NW,
Washington, DC 20008; telephone (202) 483-4410 through 4412; there are
Bolivian Consulates General in Los Angeles, Miami, New York, and San
Francisco
US:
Ambassador Charles R. BOWERS; Embassy at Banco Popular del Peru Building,
corner of Calles Mercado y Colon, La Paz (mailing address is P. O. Box 425,
La Paz, or APO AA 34032); telephone [591] (2) 350251 or 350120; FAX [591]
(2) 359875
Flag:
three equal horizontal bands of red (top), yellow, and green with the coat
of arms centered on the yellow band; similar to the flag of Ghana, which has
a large black five-pointed star centered in the yellow band

:Bolivia Economy

Overview:
The Bolivian economy steadily deteriorated between 1980 and 1985 as La Paz
financed growing budget deficits by expanding the money supply, and
inflation spiraled - peaking at 11,700%. An austere orthodox economic
program adopted by then President Paz Estenssoro in 1985, however, succeeded
in reducing inflation to between 10% and 20% annually since 1987, eventually
restarting economic growth. Since August 1989, President Paz Zamora has
retained the economic policies of the previous government, keeping inflation
down and continuing moderate growth. Nevertheless, Bolivia continues to be
one of the poorest countries in Latin America, with widespread poverty and
unemployment, and it remains vulnerable to price fluctuations for its
limited exports - agricultural products, minerals, and natural gas.
Moreover, for many farmers, who constitute half of the country's work force,
the main cash crop is coca, which is sold for cocaine processing.
GDP:
exchange rate conversion - $4.6 billion, per capita $630; real growth rate
4% (1991)
Inflation rate (consumer prices):
15% (1991)
Unemployment rate:
7% (1991 est.)
Budget:
revenues $900 million; expenditures $825 million, including capital
expenditures of $300 million (1991 est.)
Exports:
$970 million (f.o.b., 1991)
commodities:
metals 45%, natural gas 25%, other 30% (coffee, soybeans, sugar, cotton,
timber)
partners:
US 15%, Argentina
Imports:
$760 million (c.i.f., 1991)
commodities:
food, petroleum, consumer good