Latin America’s tax revenues fell 11.2% in 2020

Total tax revenues in Latin America and the Caribbean decreased by 11.2% in 2020 compared to the previous year due to the impact of the pandemic on tax collection in Latin American economies. The most significant declines observed in excise taxes (-13.7%), followed by income taxes (-9.9%) and VAT (-9.2%), while all other tax revenues fell by 14.2%.

Bolivia ranks 74th out of 76 in the mining investment attractiveness index

The Fraser Institute of Canada's ranking, which analyzes mining investment conditions in the world, once again placed Bolivia at the bottom of its list. In the 2020 index, the country appears in 74th place out of 76 nations and territories analyzed in the general ranking of mining attractiveness. In recent years, Bolivia has always occupied one of the last ten positions. The scale combines the Mining Potential Best Practices index, which rates countries and territories according to their geological attractiveness, and the Mining Policy Perception index measures the effects of government policy on exploration investment.

Gas exports fall by 29% year-on-year

According to the latest report from the National Statistics Institute (INE), exports from the hydrocarbons sector of February 2021 fell by 29.0%, compared to the same period in 2020. Currently, sales generated by hydrocarbons represent 22% of national exports. On the other hand, non-traditional exports rebounded. The main products that increased their exports year-on-year were soybean products by 69.4%, tin metal by 42.4% and beef by 96.0%.