Bolivia’s GDP expanded 4.3% in the first quarter of 2006, compared with the 3.9% expansion seen in the same period last year and the best rate of first-quarter growth seen since 1998. Growth was driven by the mining sector, which expanded by 18% and hydrocarbons, which were up 12%. Inflation for the first half of the year stood at 2.05%, compared with 3.45% for the same period last year. The new government of Evo Morales took office at the end of January and has moved to increase revenues from abroad by nationalizing the hydrocarbons industry and renegotiating the price of exported energy.
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