Current Account Balance: Bolivia

Analysis# Bolivia Current Account Balance Bolivia's current account balance stands at -3.4% of GDP in 2025, reflecting a persistent external deficit. This figure sits well below the country's all-time peak of 12% of GDP in 2007, when commodity exports and strong global demand buoyed the economy. The deficit remains considerably better than the nadir of -9.3% in 1987. Since 1980, Bolivia's current account has deteriorated significantly overall, with the economy shifting from occasional surpluses to chronic deficits. A striking reversal occurred in 2020–2021, when Bolivia briefly achieved a 3.9% surplus in 2021, driven by import contraction and commodity price recovery. Since then, the current account has swung back into deficit territory, declining to -3.4% by 2025. The recent trend suggests stabilization around -3% rather than further deterioration, indicating Bolivia's external position has found an equilibrium despite structural vulnerabilities in its export-dependent economy.