According to commit4fitness, Bolivia is a landlocked country located in South America. It is bordered by five countries: Peru, Brazil, Paraguay, Argentina, and Chile.
The total length of Bolivia’s borders is 4,639 km (2,882 mi). The border between Bolivia and Peru measures about 1,079 km (670 mi) and runs along the western boundary of Bolivia. This border was established following an agreement between both countries that recognized their respective borders in 1866.
Brazil also lies to the north of Bolivia and is separated from it by a border measuring about 3,423 km (2,130 mi). This border was established following an agreement between both countries that recognized their respective borders in 1903.
Paraguay also lies to the east of Bolivia and is separated from it by a border measuring about 750 km (466 mi). This border was established following an agreement between both countries that recognized their respective borders in 1867.
Argentina also lies to the south of Bolivia and is separated from it by a border measuring about 832 km (517 mi). This border was established following an agreement between both countries that recognized their respective borders in 1878.
Chile also lies to the southwest of Bolivia and is separated from it by a border measuring about 905 km (562 mi). This border was established following an agreement between both countries that recognized their respective borders in 1874.
Industry Sectors in Bolivia
Bolivia is an upper-middle income country in South America. It has a diverse economy, with various industry sectors contributing to its GDP. The primary sector includes agriculture, forestry, and fishing. Agriculture is the largest sector, accounting for nearly one-third of GDP. Major crops include quinoa, potatoes, corn, soybeans, and coca. Livestock production is also important, with beef and poultry being the leading products. The forestry sector produces timber for export to other countries while fishing provides a small but important source of protein for domestic consumption.
The secondary sector of Bolivia’s economy includes mining and manufacturing activities which account for around one-fifth of GDP. Mining is the most important industry in terms of value added and employment generation in Bolivia. Primary minerals extracted include zinc ore, tin ore, tungsten ore, silver ore and gold ore as well as lithium which is used to produce batteries for electric vehicles. Manufacturing activities include food processing as well as production of textiles and clothing.
The tertiary sector accounts for the majority of economic activity in Bolivia with services such as banking and finance; retailing; real estate; transport; telecommunications; tourism; education; health care; public administration; construction services; energy services all contributing significantly to GDP growth. Tourism has been growing steadily over the past few years due to its diverse landscape ranging from mountains to rainforests making it an attractive destination for visitors from all over the world looking for adventure or relaxation in nature’s beauty. In addition to traditional forms of tourism such as beach holidays or cultural trips there are now a range of eco-tourism opportunities available in many parts of Bolivia providing tourists with unique experiences while preserving local culture and environment at the same time.
Construction Sector in Bolivia
The Construction Sector in Bolivia is rapidly expanding and becoming an important contributor to the country’s economy. According to the Bolivian National Institute of Statistics, the sector was worth $3.5 billion USD in 2018, a figure that has grown significantly since 2004 when it was valued at just $1.2 billion USD. This growth has been driven by increased investment in infrastructure projects, as well as a growing demand for housing and commercial buildings. The sector is estimated to employ around 140,000 people directly and indirectly, many of whom work on government-funded projects such as roads, bridges and dams.
The Bolivian government has implemented a number of initiatives to support the growth of the Construction Sector by providing tax incentives and other financial support for private investments in the sector. The government also provides funding for training programs for workers so that they can gain skills necessary to work in the industry. Additionally, there are several international organizations that provide financial assistance and technical expertise to help local companies expand their businesses and increase their efficiency. These organizations include the Inter-American Development Bank (IADB) and World Bank Group (WBG).