Is Bolivia poor country?

Bolivia is the poorest country in South America. Although classified as middle income, it is at the very low end of the scale. Still, Bolivia has one of the highest levels of extreme poverty in Latin America and the rate of poverty reduction has stagnated over the last few years.

Does Bolivia have a bad economy?

The economy of Bolivia is the 95th-largest economy in the world in nominal terms and the 87th-largest economy in terms of purchasing power parity. Bolivia is classified by the World Bank to be a lower middle income country. With a Human Development Index of 0.703, it is ranked 114th (high human development).

Is Bolivia a rich country?

Bolivia – Poverty and wealth. Bolivia is considered a poor country with the lowest GDP per capita among the Latin countries of South America (Guyana, Suriname, and French Guiana are lower).

What are Bolivia’s problems?

Impunity for violent crime and human rights violations remain serious problems in Bolivia. The administration of President Evo Morales has created a hostile environment for human rights defenders that undermines their ability to work independently.

Is Bolivia 3rd world?

The bill also nationalizes the pension system and extends coverage to poor Bolivians who work in the country’s large informal economy. …

Which is the poorest country in South America?

As of October 2019, the countries that have the highest rates of poverty per population in South America are Suriname, Bolivia, Guyana, and Venezuela.

Is Bolivia poor 2020?

In the western hemisphere, Bolivia is the second poorest country after Haiti, with nearly 70 percent of its population living in poverty. About 23 percent of the population lives on less than $1 a day and 42 percent on less than $2 a day.

Is Bolivia a stable country?

Bolivia: Political stability index (-2.5 weak; 2.5 strong), 1996 – 2020: The average value for Bolivia during that period was -0.48 points with a minimum of -0.97 points in 2005 and a maximum of -0.13 points in 1996. The latest value from 2020 is -0.47 points.

How corrupt is Bolivia?

Indicators, perceptions, and attitudes Similarly, the World Bank gave Bolivia a score of 38.9 for corruption on the Worldwide Governance Indicators scale from 0 (worst) to 100 (best), a decline from 2007 (43.7) but an improvement over 2009 (29.2).

Is Bolivia a violent country?

Crime by type Bolivia has a homicide rate of 6.3 murders per 100,000 people. There were 686 reported homicides in 2016.

Where does Bolivia rank in education?

Definitions