Cochabamba’s GDP was 15% of Bolivia’s GDP in 2019

In 2019, the Gross Domestic Product (GDP) of Cochabamba reached 6.22 billion dollars, representing 15% of the national GDP. According to information from the Bolivian Institute of Foreign Trade (IBCE), the exports of the department of Cochabamba are concentrated mainly in natural gas and forms of raw gold, but also a diversity of non-traditional exports such as the well-known bananas from the Chapare. In comparison, its foreign purchases are mainly of transportation equipment.

In four years, foreign direct investment in hydrocarbons fell by 82.09%

According to the latest report from the Milenio Foundation, one of the main reasons for the deterioration in hydrocarbon production in the country is the low foreign investment in this sector. From 2014 to 2019, investments in the industry fell by 82.09%. In 2019 the external capital resources that arrived in the country were $242 million, 0.6% of the GDP. Attracting investment is one of the most backward areas in the country, with regulations and institutions that provide little incentive for private and mainly foreign investment.

Noel Kempff Park sets off alerts; Government estimates 500,000 ha burned

The Noel Kempff Mercado National Park, located in the municipality of San Ignacio de Velasco, in Santa Cruz, puts the country on alert, where to date the forest fire has destroyed more than 4,000 hectares. At a national level, it estimates that so far this year, the fire has already consumed around 500 thousand hectares. To date, there are 29 fires in the country, of which 19 registered in Santa Cruz and 10 in Beni.