After a market study, Quantum Motors, a company from Cochabamba, decided to open a Paraguay branch, where it plans to sell 20 cars and 70 electric motorbikes per month. Quantum will be the first formal company to enter the electric vehicle business in Paraguay. In 2020 in Bolivia it managed to sell 400 motorbikes and 300 electric cars, mainly in Santa Cruz and Cochabamba.
Bolivia's low inflation in 2020, expressed as a cumulative change in the Consumer Price Index (CPI) of 0.67 per cent, reflects the current contraction of the economy and an obstacle to the country's recovery from the effects of the coronavirus pandemic.
Data from the General State Budget (PGE) of 2021 show that current expenditure for public administration grew by 12% concerning the budget in 2020. Between 2006 and 2021, funds for the state apparatus increased almost fivefold.
Little by little, the numbers of foreign trade are recovering in the country. According to the latest report of the Foreign Trade Statistical Bulletin, prepared by the National Institute of Statistics (INE), in November the country registered a trade surplus of $99 million, the highest in 2020. However, total exports from January to November 2020 reached $6.17 billion, showing a decrease of 24.2% compared to 2019.
Net International Reserves (NIR) fell by 18.43% in 2020, reaching the same levels as 13 years ago. The figure comes from the weekly statistical information published by the Central Bank of Bolivia (BCB).