The Bolivian government expects to reach a gross domestic product (GDP) of $US40 billion in 2018, higher than 2017 when the GDB was $US37.8 billion. Economic minister, Mario Guillen stated that the GDP should be $US50 billion by 2025.
President Evo Morales stated that the Bolivian economy does not depend on gas exports. He added that the engine of the economy is the internal demand. Morales attended the presentation of the book “12 years of economic stability in Bolivia”, edited by the Economic ministry. Although the president is optimists, economic experts warned that Bolivia still depends on hydrocarbons, the economy needs to diversify, and the fiscal deficit needs to be tackled. Economists José Gabriel Espinoza and Germán Molina said that the fiscal deficit in 2018 would be around 8% or more due to the high level of state indebtedness.
The milk industry aims to treble production to 1.5 billion litres per year. Because of this the government and the private sector are collaborating to export powder milk to Mexico.
The chestnut sector in Bolivia is suffering a crisis due to a reduction in prices and a decrease in production. Moreover, the state initiatives are not helping the small producers. According to the Farmer Unions in the Madre de Dios region, in Beni, the creation of the state-owned Empresa Boliviana de Almendras (EBA) did not help small producers, as the company is paying worse than private distributors. Eslimer Tirina, conflict secretary of the farmer unions at Madre de Dios, said that prices went down to Bs.120 per 24 kilos of chestnuts from Bs.300, and production decreased by at least 30 per cent.