General Government Revenue for Bolivia
BOLGGRGDP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26.83
Year-over-Year Change
-29.02%
Date Range
1/1/2011 - 1/1/2024
Summary
The General Government Revenue for Bolivia is a key economic indicator that measures the total revenue collected by the Bolivian government, including taxes, social contributions, and other sources of income.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This metric provides insights into the government's fiscal position and its ability to fund public expenditures. It is closely monitored by economists, policymakers, and international organizations to assess the country's economic stability and growth potential.
Methodology
The data is collected and calculated by the International Monetary Fund (IMF) as part of its Government Finance Statistics (GFS) program.
Historical Context
The General Government Revenue for Bolivia is used to evaluate the government's fiscal policies and their impact on the overall economy.
Key Facts
- Bolivia's government revenue as a percentage of GDP was 31.9% in 2021.
- Tax revenue accounted for approximately 60% of the government's total revenue in 2021.
- The Bolivian government has targeted increased revenue collection to finance social and infrastructure programs.
FAQs
Q: What does this economic trend measure?
A: The General Government Revenue for Bolivia measures the total revenue collected by the Bolivian government, including taxes, social contributions, and other sources of income.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the government's fiscal position and its ability to fund public expenditures, making it a key indicator for assessing the country's economic stability and growth potential.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the International Monetary Fund (IMF) as part of its Government Finance Statistics (GFS) program.
Q: How is this trend used in economic policy?
A: The General Government Revenue for Bolivia is used to evaluate the government's fiscal policies and their impact on the overall economy, informing policymakers and institutions.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and reporting practices of the IMF, which may result in occasional delays or missing observations.
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Citation
U.S. Federal Reserve, General Government Revenue for Bolivia (BOLGGRGDP), retrieved from FRED.