BOLIVIA

Bolivia

THE OFFICIAL SALARY IN BOLIVIA IN 2024:

Average salary – 4,000–5,000 bolivianos per month ($580–725)

Minimum wage – 2,500 bolivianos per month ($360)

Source: Bolivian National Institute of Statistics – ine.gob.bo

Bolivia is located in central South America and is landlocked. It shares borders with Brazil in the north and north-east, with Paraguay in the south-east, with Argentina in the south, with Chile and Peru in the south-west and west.

INFORMATION ABOUT BOLIVIA (2024) 
Population 12,5 million
Average life expectancy  71 years
Unemployment rate 3.5%
Inflation  3.5%
Area 1,099,000 km²
Form of government Presidential republic
Income tax 13%
Capital Sucre
Currency Boliviano
Official Language Spanish and 33 other languages
Doing Business rank 150
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