Bolivia - Country Code 591
IDD Code: 00
Country Code: 591
ISO: BO
ISO3: BOL
Helpful Information About Bolivia
Time
Thursday, November 21, 2024
Capital: Sucre
Time Zone
UTC-04:00
Time Difference
Sucre, Bolivia is ()
Daylight Savings Time
Bolivia does not follow DST
Weather
Country Map
Country Flag
City Calling Codes
| City | Calling Code |
|---|---|
| Caranavi | +591-3 |
| Cobija | +591-3 |
| Cochabamba | +591-4 |
| Guayaramer?n,591-3 | + |
| La Paz | +591-2 |
| Oruro | +591-2 |
| Potosi | +591-2 |
| Riberalta | +591-3 |
| Santa Ana | +591-3 |
| Santa Cruz | +591-3 |
| Sucre | +591-4 |
| Tarija | +591-4 |
| Trinidad | +591-3 |
| Villazon | +591-2 |
| Yacuiba | +591-4 |
About Bolivia Country NameBolivia
ContinentSouth America
Lat/Long-16.29015000, -63.58865300
BackgroundBolivia, named after independence fighter Simon BOLIVAR, broke away from Spanish rule in 1825; much of its subsequent history has consisted of a series of coups and countercoups, with the last coup occurring in 1978. Democratic civilian rule was established in 1982, but leaders have faced difficult problems of deep-seated poverty, social unrest, and illegal drug production.
In December 2005, Bolivians elected Movement Toward Socialism leader Evo MORALES president - by the widest margin of any leader since the restoration of civilian rule in 1982 - after he ran on a promise to change the country's traditional political class and empower the nation's poor, indigenous majority. In December 2009 and October 2014, President MORALES easily won reelection. His party maintained control of the legislative branch of the government, which has allowed him to continue his process of change. In February 2016, MORALES narrowly lost a referendum to approve a constitutional amendment that would have allowed him to compete in the 2019 presidential election. Despite the loss, MORALES has already been chosen by his party to run again in 2019, via a still-undetermined method for him to appear on the ballot.
In December 2005, Bolivians elected Movement Toward Socialism leader Evo MORALES president - by the widest margin of any leader since the restoration of civilian rule in 1982 - after he ran on a promise to change the country's traditional political class and empower the nation's poor, indigenous majority. In December 2009 and October 2014, President MORALES easily won reelection. His party maintained control of the legislative branch of the government, which has allowed him to continue his process of change. In February 2016, MORALES narrowly lost a referendum to approve a constitutional amendment that would have allowed him to compete in the 2019 presidential election. Despite the loss, MORALES has already been chosen by his party to run again in 2019, via a still-undetermined method for him to appear on the ballot.
Population10,969,649 (July 2016 est.)
LanguagesSpanish (official) 60.7%, Quechua (official) 21.2%, Aymara (official) 14.6%, foreign languages 2.4%, Guarani (official) 0.6%, other native languages 0.4%, none 0.1%
ReligionsRoman Catholic 76.8%, Evangelical and Pentecostal 8.1%, Protestant 7.9%, other 1.7%, none 5.5% (2012 est.)
Ethnic GroupsMestizo (mixed white and Amerindian ancestry) 68%, indigenous 20%, white 5%, cholo/chola 2%, black 1%, other 1%, unspecified 3% ; 44% of respondents indicated feeling part of some indigenous group, predominantly Quechua or Aymara
Economy
EconomyBolivia 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 and growth.
Following a disastrous economic crisis during the early 1980s, reforms spurred private investment, stimulated economic growth, and cut poverty rates in the 1990s. The period 2003-05 was characterized by political instability, racial tensions, and violent protests against plans - subsequently abandoned - to export Bolivia's newly discovered natural gas reserves to large Northern Hemisphere markets. In 2005, the government passed a controversial hydrocarbons law that imposed significantly higher royalties and required foreign firms then operating under risk-sharing contracts to surrender all production to the state energy company in exchange for a predetermined service fee. High commodity prices between 2010 and 2014 sustained rapid growth and large trade surpluses with GDP growing 6.8% in 2013 and 5.4% in 2014. The global decline in oil prices that began in late 2014 exerted downward pressure on the price Bolivia receives for exported gas and resulted in lower GDP growth rates - 4.9% in 2015 and 4.3% in 2016 - and losses in government revenue as well as fiscal and trade deficits.
A lack of foreign investment in the key sectors of mining and hydrocarbons, along with conflict among social groups, pose challenges for the Bolivian economy. In 2015, President Evo MORALES expanded efforts to court international investment and boost Bolivia’s energy production capacity. MORALES passed an investment law and promised not to nationalize additional industries in an effort to improve the investment climate. In early 2016, the Government of Bolivia approved the 2016-2020 National Economic and Social Development Plan aimed at maintaining growth of 5% and reducing poverty.
Following a disastrous economic crisis during the early 1980s, reforms spurred private investment, stimulated economic growth, and cut poverty rates in the 1990s. The period 2003-05 was characterized by political instability, racial tensions, and violent protests against plans - subsequently abandoned - to export Bolivia's newly discovered natural gas reserves to large Northern Hemisphere markets. In 2005, the government passed a controversial hydrocarbons law that imposed significantly higher royalties and required foreign firms then operating under risk-sharing contracts to surrender all production to the state energy company in exchange for a predetermined service fee. High commodity prices between 2010 and 2014 sustained rapid growth and large trade surpluses with GDP growing 6.8% in 2013 and 5.4% in 2014. The global decline in oil prices that began in late 2014 exerted downward pressure on the price Bolivia receives for exported gas and resulted in lower GDP growth rates - 4.9% in 2015 and 4.3% in 2016 - and losses in government revenue as well as fiscal and trade deficits.
A lack of foreign investment in the key sectors of mining and hydrocarbons, along with conflict among social groups, pose challenges for the Bolivian economy. In 2015, President Evo MORALES expanded efforts to court international investment and boost Bolivia’s energy production capacity. MORALES passed an investment law and promised not to nationalize additional industries in an effort to improve the investment climate. In early 2016, the Government of Bolivia approved the 2016-2020 National Economic and Social Development Plan aimed at maintaining growth of 5% and reducing poverty.
GDP$34.04 billion (2016 est.)
CurrencyBoliviano
Communications
Internet TLD.bo
Internet Users4.871 million
Land Lines881,084
Mobile Phones10.163 million
Broadcast MediaLarge number of radio and TV stations broadcasting with private media outlets dominating; state-owned and private radio and TV stations generally operating freely, although both pro-government and anti-government groups have attacked media outlets in response to their reporting (2010)