The coronavirus pandemic harmed the country's companies in 2020 with -2.27% in revenues and -74.9% in profits, according to a study conducted by the National Chamber of Industries (CNI) on eight sectors of the country's economy.
2020 was a black year for the economy. During the pandemic, the profits of the industrial sector fell by 85%. In the document called "The impact of Covid-19 on companies in Bolivia", the National Chamber of Industries (CNI) states that 70,000 jobs lost due to the health emergency.
Some 698,000 people (unemployed and inactive population) were affected by the quarantine in Bolivia. According to the Continuous Employment Survey (ECE) of the INE (National Institute of Statistics). Of this figure, 53.3% are women, and 46.7% are men. In the age group, according to the surveys, people from 18 to 23 years old who lost their jobs are 41,000, and the inactive is 98,000.
Reasonable prices in international markets are beginning to affect Bolivian foreign trade. According to the National Statistics Institute (INE), in February, the country recorded a trade surplus of $236 million. It is a higher balance than the $198 million recorded in 2020 and the highest since 2015. It is the second time this year that the trade balance has been favourable for Bolivia. In January, the surplus was $136 million.
Since its creation in 2016, until 2020, the National Textile Service (Senatex) accumulates red figures, according to official balances. The state-owned company produces and distributes textiles and knitted garments. Last year the state-owned company reported losses of 14.7 million bolivianos ($2.1 mn), and from its management, a restructuring of operations announced. The company currently has a debt of 353 million bolivianos ($50.65 mn).