In 2019, tourism income reached $797 million, 2% less than in 2018, equivalent to $19 million, due to the political and social conflicts that stopped the country in October and November. 24% of tourism expenditure was in food and beverages, 17% to internal transportation and 16% to recreation. In the first quarter of 2020, Bolivia registered 7% less international visitor arrivals, compared to the same period in 2019, mainly from China and India by more than 50%; exceptionally there was an increase of visitors from Israel by 54%.
Day: Jun 26, 2020
Mining royalties fall by more than 50%
Mining operators in Oruro expressed concern on Thursday after learning that the National Service for Registration and Control of Marketing of Minerals and Metals (SENARECOM) reported that due to the emergency by Covid-19, to date mining royalties fell on average 56% compared to 2019. In January there was a drop of 26%, in February -19%, in March they fell 66%, in April the drop reached 98% and in May -73%.
Entrepreneurs in Potosi predict the closure of 15% of companies
The business community of Potosi expressed today its concern about the effects of the Covid-19 pandemic; the sector estimates that at least 15% of the companies in the department will close their doors and that 35% of the employees will lose their jobs.
The government will inject $ 20.11 mn to convert public transport vehicles to NGV
The Government will inject 140 million bolivianos ($20.11 mn) to reactivate the Incentive Program for the development and sustainability of the energy matrix in the transport sector, which is expected to benefit 72 thousand operators and 5 thousand workshops.
Unemployment rises to 7.3%
The urban unemployment rate in Bolivia rose from 5.8% to 7.3% between March and April as a result of the coronavirus pandemic. The index came out of the monitoring and analysis on the impact of Covid-19 on the national economy.
Government detects illegal timber trade for more than $15 mn
The Forestry and Lands Authority (ABT) revealed the preliminary results of an operation in Cochabamba that reported illegal trade in precious woods valued at more than $15 million.
Bolivia Económica 