Bolivia Construction Market Size, Trends and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026
Summary
After strong growth of 19.9% in 2021, growth momentum in the Bolivian construction industry is expected to slow in 2022 although remains strong, owing to a weakening low-base effect and strong headwinds facing the global construction industry stemming from soaring energy prices and disruptions to supply in wake of the Russia-Ukraine conflict. The latest figures from the Instituto Nacional de Estadística (INE) show that the Bolivian construction industry’s value add growth slowed in the second quarter of 2022 to 5.4% year on year (YoY), following Y-o-Y growth of 7.1% in Q2 2022. GlobalData expects Bolivia’s construction output growth to remain positive in 2022, with the industry expected to grow by 5.3% in real terms, supported by investment in the country’s transport, health, and education infrastructure projects, coupled with the government’s plan to spend on various projects in the industrial sector, as part of the country’s industrialization plan. The current president, Luis Arce, promised to prioritize public investment to reactivate economic growth. In the General State Budget (PGE) for 2022, BOB34.6 billion ($5 billion) was allocated for public investment this year, which is 25% higher than in 2021. This includes an allocation of BOB2.3 billion ($335 million) for various construction projects in La Paz, such as the construction of two highways with an investment of BOB1.3 billion ($197 million) and 22 bridges between San Buenaventura and Ixiamas with an investment of BOB220.4 million ($31.9 million).
The Bolivian construction industry is expected to stabilize at an annual average growth rate of 4.7% from 2023 to 2026, supported by the aided by investment as part of the Economic and Social Development Plan (PDES) 2021-2025, which was approved by the Chamber of Deputies in October 2021. As part of the plan, BOB229.2 billion ($33.2 billion) will be allocated over the next five-year period, to develop the country’s overall infrastructure. In November 2021, the government issued the ‘Trust Law to Support the Reactivation of Public Investment’, which allocates BOB2 billion ($289.4 million) so that the Autonomous Territorial Entities (ETA)'s can access resources and guarantee the local counterparts of public investment projects.
The report provides detailed market analysis, information and insights into the Bolivian construction industry, including -
- The Bolivian construction industry's growth prospects by market, project type and construction activity
- Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Bolivian construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline
This report provides a comprehensive analysis of the construction industry in Bolivia. It provides -
- Historical (2017-2021) and forecast (2022-2026) valuations of the construction industry in Bolivia, featuring details of key growth drivers.
- Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
- Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
- Listings of major projects, in addition to details of leading contractors and consultants
- Identify and evaluate market opportunities using GlobalData's standardized valuation and forecasting methodologies.
- Assess market growth potential at a micro-level with over 600 time-series data forecasts.
- Understand the latest industry and market trends.
- Formulate and validate strategy using GlobalData's critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.
- 1. Construction Outlook
- 2. Construction Industry: At-a-Glance
- 3. Latest News and Developments
- 4. Project Analytics
- 5. Construction Market Data
- 6. Risk Profile
- 7. About GlobalData
- 7.1 Definitions
- 7.2 CRI Methodology
- List of Tables
- Table 1: Construction Industry Key Data
- Table 2: Bolivia, Top Construction Projects by Value
- Table 3: Bolivia, Construction Output Value (Real, $ Million)
- Table 4: Bolivia, Construction Output Value (Nominal, BOB Million)
- Table 5: GlobalData Construction Market Definitions
- Table 6: Risk Dimensions
- Table 7: Ratings, Scores and Definitions
- List of Figures/B>
- Figure 1: Bolivia, Construction Output Value (Real, $ Million, 2017 Prices and Exchange Rate), 2017-2026
- Figure 2: Bolivia, Construction Output Value, by Sector (Real, $ Million), 2017-2026
- Figure 3: Latin America, Construction Output (Real % Change), 2020-26
- Figure 4: Bolivia, Construction Output by Sector (Real % Change), 2020-22 and 2023-26
- Figure 5: Bolivia, Construction Value Add, in BOB Million, Constant 1990 Prices
- Figure 6: Bolivia, Gross Fixed Capital Formation, in BOB Million, at Constant 1990 Prices 1990 Prices
- Figure 7: Bolivia, Number of Construction Plans Approved, and Floor Area of Construction Plans Approved (in thousand m2)
- Figure 8: Bolivia, Manufacturing Value Add (BOB Million, Constant 1990 Prices)
- Figure 9: Bolivia, International Visitor Arrivals, In Thousands
- Figure 10: Bolivia, Crude Oil and Natural Gas Value Add (BOB Million, Constant 1990 Prices)
- Figure 11: Bolivia, Volume Index of Mineral Production (1990=100)
- Figure 12: Bolivia, Exports ($ Million)
- Figure 13: Bolivia, Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 14: Bolivia, Risk Summary
- Figure 15: Bolivia, Risk Regional Comparison
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