This overview of chile features information on chile's geography, history, government, and industry facts about chile and its importance to the world geography and overview of chile. Thanks to high commodity prices and a prudent macroeconomic policy, economic growth has averaged 49% since 2004, leading to a significant reduction in poverty and inequality despite these advances, moderate poverty still affects about 45% of the population and income inequality remains high.
Wealthy urban elites, who are mostly of spanish ancestry, have traditionally dominated political and economic life, whereas most bolivians are low-income subsistence farmers, miners, small traders or artisans. The state of bolivia has been a remarkably unsuccessful state bolivia is now poor and backward but this was not always the case for the area that is now bolivia in pre-columbian times the high plains, the altiplano , had an economy based upon irrigated agriculture and was relatively densely populated compared to other areas of south america. Bolivia’s mountainous western region, which is one of the highest inhabited areas in the world, constitutes an important economic and political centre there the andes reach their greatest breadth and complexity. The largest city and principal economic and financial center is santa cruz de la sierra, located on the llanos orientales (tropical lowlands) a mostly flat region in the east of bolivia it is constitutionally a unitary state , divided into nine departments.
Economy - overview: bolivia is a resource rich country with strong growth attributed to captive markets for natural gas exports – to brazil and argentina however, the country remains one of the least developed countries in latin america because of state-oriented policies that deter investment. Get bolivia facts and pictures from national geographic kids. Hampered by internal strife, bolivia lost great slices of territory to three neighboring nations several thousand square miles and its outlet to the pacific were taken by chile after the war of the pacific (1879–1884) in 1903, a piece of bolivia's acre province, rich in rubber, was ceded to brazil.
In the late 1800's they fought the war of the pacific against chile they lost the war and also their coastland now bolivia was landlocked with no ocean access the 1900s have been filled with revolution and turmoil for the country of bolivia. Bolivia’s mountainous western region, which is one of the highest inhabited areas in the world, constitutes an important economic and political centre there the andes reach their greatest breadth and complexity the system in bolivia is dominated by two great parallel ranges. Bolivia economic outlook august 7, 2018 recently released gdp data revealed that the economy lost some steam at the outset of the year, growing 44% in q1 on a year-on-year basis, down from the 52% expansion recorded in q4 2017. Bolivia, named after independence fighter simon bolivar, broke away from spanish rule in 1825 much of its subsequent history has consisted of a series of nearly 200 coups and counter-coups comparatively democratic civilian rule was established in 1982, but leaders have faced difficult problems of deep-seated poverty, social unrest, and drug production. In the 1980s bolivia experienced a deep economic recession the tin market collapsed, with the loss of about 21,000 jobs, inflation was rampant and the national currency was in severe crisis.
Learn more about the bolivia economy, including the population of bolivia, gdp, facts, trade, business, inflation and other data and analysis on its economy from the index of economic freedom published by the heritage foundation.
Bolivia is now poor and backward but this was not always the case for the area that is now bolivia in pre-columbian times the high plains, the altiplano , had an economy based upon irrigated agriculture and was relatively densely populated compared to other areas of south america.