The monthly minimum wage in Bolivia is USD 290. Bolivia has a public debt equal to 26.7% of the country's gross domestic product (GDP) as measured in 2014. Based on consumer prices, the inflation rate in Bolivia is 6.5%. The currency of Bolivia is the Bolivian Boliviano. The plural form of the Bolivian word boliviano is bolivianos. The symbol used for this currency is Bs., abbreviated as BOB. The Bolivian boliviano is divided into centavo; There are 100 in a Boliviano. Every year, consumers spend around US$11,358 million. The ratio of consumer spending to GDP in Bolivia is 0.04%, and the ratio of consumer spending to world consumer market is 3.27%. Corporate tax in Bolivia is 25%. Personal income tax ranges from 0% to 25% depending on your specific situation and income level. The VAT in Bolivia is 13%. In 2013, Bolivia received US$658.6 million in foreign aid. In 2014, foreign aid totaled $721.8.
Gross domestic product The total Gross Domestic Product (GDP) calculated as Purchasing Power Parity (PPP) in Bolivia is US$70,279 billion. The gross domestic product (GDP) calculated as purchasing power parity (PPP) per capita in Bolivia was last at 6,266,141 US dollars. The PPP in Bolivia is considered very good compared to other countries. A very good PPP indicates that citizens of this country find it easy to buy local goods. Local goods can include food, shelter, clothing, healthcare, personal hygiene, essential furnishings, transportation and communications, laundry, and various types of insurance. Countries with very good purchasing power parities are safe locations for investments. The total gross domestic product (GDP) in Bolivia is 30,601 billion. Based on this statistic, Bolivia is considered as a medium economy country. Middle economy countries support an average number of industries and investment opportunities. It shouldn't be too difficult to find worthwhile investment opportunities in mid-sized economies. The gross domestic product (GDP) per capita in Bolivia was last at 2,728,414 US dollars. The average citizen in Bolivia has a very high level of wealth. Countries with very high per capita wealth have a longer life expectancy and a very high standard of living. There are highly skilled workers in many industries and labor is very expensive in these countries. Very wealthy countries offer safe investment opportunities as they are often backed by a diverse and thriving financial sector. The annual GDP growth rate in Bolivia averaged 5.8% in 2014. According to this percentage, Bolivia is currently experiencing significant growth. Countries that experience significant growth offer the best opportunities for a significant return on investment, as the GDP growth rate is the most important indicator of economic health. As GDP grows, so do businesses, jobs and personal income.