Bolivia has grown much faster over the last eight years than in any other period over the past decades.
High level of international reserves
Bolivia’s international reserves currently comprise more than 48 percent of its GDP.
High and increasing public investment
Since 2006 increased public investment spending in Bolivia has become a governmental priority.
Highest foreign direct investment in South America
Bolivia had the highest level of foreign direct investment, as a percent of GDP, in South America in 2013.
Technology and outsourcing opportunities
Bolivia provides a good environment to start an outsourcing business. Maybe it does not have the most “avant-garde” technology but it has a very solid one. Currently there are many companies that outsource to Bolivia with high rates of success.
Bolivia enjoys a stable and continuous democracy since the 80s. The current president, the first indigenous one, is serving as head of state for three consecutive governmental periods.
Since 2012 Bolivia has been in the process of becoming a full member of the Southern Cone Common Market, Mercosur. It is a member of the Bolivarian Alternative for the Americas (ALBA), the Latin American Integration Association (ALADI), the Amazon Pact, the Union of South American Nations (UNASUR), the Organization of American States (OAS), the Community of Caribbean and Latin American States (CELAC), the Andean Community (CAN) and the Forum for East Asia-Latin American Cooperation (FEALAC). It is also a member of the UN, the Non-Aligned Movement, the International Parliamentary Union and the World Trade Organization (WTO).
Bolivia enjoys trade benefits under the General Preferential Tariff System with the United States, Canada, Japan, Norway, Switzerland, and the European Union.
Bolivia has a wealth of natural resources, especially minerals, gas and oil.
Society and education
Bolivia is a country of young people, 36% of its population is under 15 years old and the average age is 22. Higher education institutions are flourishing in all the main cities. In 2008 Bolivia was declared free of illiteracy
Culture and arts
Bolivian identity has been constructed and is still being constructed on the shared cultural attributes of the whole Latin American region. The paradox is that diversity and inequality are some of the regional distinctive elements that produce effervescent social, cultural and artistic movements. Nowadays, Bolivia is not only known by its folklore, but also by its production of contemporary art.