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Bolivia is among the fastest growing South American countries

According to comparative data from statistical institutes and the central banks of ten countries in the region, “Venezuela, Colombia and Argentina have the highest growth rates in South America at over 5 percent.”

The study, carried out by the Bolivian newspaper La Razón, indicates that Uruguay and Bolivia achieved moderate growth rates, while Brazil, Ecuador, Peru and Chile showed indicators below three percentage points.

At the bottom of this list, Paraguay finished with growth of 0.1 percent.

The publication notes that Venezuela “surprised” with a positive change in its GDP of 17.7 units out of 100.

On May 11, in a meeting with journalists, President Luis Arce assured that Bolivia recorded the highest nominal GDP in the country’s history last year at $44,315 million.

The dignitary confirmed that this indicator has increased from 40.703 million of the US currency in 2021 to 44.315 million of this currency unit, according to the National Institute of Statistics (INE).

As a percentage of GDP per capita (annually per person), it grew by at least 7.4 percent in those 12 months, reaching $3,691, which is also considered “the highest figure in the country’s history.”

Arce also pointed out that extreme poverty in the national territory had fallen from 13.7 percent in 2020 during the de facto government of Jeanine Áñez to 11.1 percent in 2021.

This meant that the inequality measured by the GINI index increased from 0.45 in 2020 to 0.42 in 2021, d 2021.

Based on all of this economic data, the President warned that it was “conclusively” proven that the country was not in the crisis situation that characterized the Government of Democratic and People’s Unity (1982-1985).