Bolivia Employer of Record
Country Overview Video
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Bolivia is a mid-size, landlocked country in South America, bordering Brazil to the north and east, Peru and Chile to the west, and Chile, Argentina, and Paraguay to the south. The official language is Spanish, but many indigenous languages are also spoken, the most significant ones being Quechua and Aymara. Bolivia has a population of 11.2 million. The country has faced political instability recently, with the president’s abrupt resignation in 2019 leaving its political future uncertain. Lower oil and gas prices also present a challenge, since Bolivia exports large amounts of natural gas to its neighbors. However, the country has significant potential. It is rich in natural resources and, besides natural gas, exports zinc, gold, and silver. It also has enormous lithium reserves and deposits of antimony, iron and tungsten. The agricultural sector is also a major part of Bolivia’s economy. The country exports soybeans, cotton, coffee, and sugarcane. Corn, wheat, and potatoes are also grown, mainly for domestic consumption.