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Bolivia Poverty Rate

Bolivia's poverty rate fell to 2.8% in 2023, down from 3.3% in 2022, according to World Bank. This represents a decrease of 0.5% from the previous year. Bolivia has poverty rate higher than the global median (2.80% vs median 1.90%). Compared with the median in Americas, Bolivia is higher (2.80% vs regional median 2.25%) and ranks 9th out of 22 countries in Americas.

Bolivia's annual unemployment rate rose to 3.09% in 2024, up from 3.02% in 2023.

Yearly Historical Data (1990-2023)

(in %)
Year Poverty Rate (%)
2023 2.8%
2022 3.3%
2021 3.1%
2020 4.2%
2019 3.1%
2018 4.7%
2017 6.4%
2016 7.2%
2015 6.2%
2014 5.6%
2013 6.8%
2012 7.9%
2011 6.9%
2009 10%
2008 10.6%
2007 12.1%
2006 15.9%
2005 18.7%
2004 13.2%
2002 23.9%
2001 22.3%
2000 28.3%
1999 24.6%
1997 18.6%
1992 13.8%
1990 5.8%
Bolivia Poverty Rate : Definition
Poverty Rate measures the percentage of people in Bolivia living on less than $3.00 per day, adjusted for purchasing power parity (PPP, 2021 prices).
Indicator Last Value Prior Value Period
Adult Literacy Rate 94% 92% 2020
Gini Index 42.1 points 41.2 points 2023
Happiness Index 5.87 points 5.78 points 2024
Homicide Rate 3.49 3.49 2021
Population 12.41M 12.24M 2024
Primary Enrollment Rate 98.93% 99.6% 2023