HomeNewsAnalysisBolivia: Cocaine Represents Up to 3 pc of GDP
ANALYSIS

Bolivia: Cocaine Represents Up to 3 pc of GDP

1 NOV 2010 BY INSIGHT CRIME EN

Echoing a statistic published three months ago by the UNODC, Bolivian Vice President Álvaro García Linera said that between 1.5 and 3 percent of the country's total GDP consists of drug money. According to La Razon, Garcia said drug trafficking profits was not responsible for the slight boost seen last year in Bolivia's federal reserves, although the drug trade may have injected between $300 and $500 million into the economy. Last June, the UNDOC pegged the figure at $500 million in its annual report. Obviously these numbers (as with any statistics related to drug-trafficking) are at best rough estimates. Still, an assessment released by the White House on September 15 included Bolivia, along with Costa Rica and Nicaragua, on its list of the top 20 countries in the world for drug production and trafficking. This has once again fanned the fires within Bolivia, which ejected the DEA from within its borders in 2008 and since then has been regularly labeled as "uncooperative" by the U.S. State Department, with regard to the drugs war.

share icon icon icon

Was this content helpful?

We want to sustain Latin America’s largest organized crime database, but in order to do so, we need resources.

DONATE

What are your thoughts? Click here to send InSight Crime your comments.

We encourage readers to copy and distribute our work for non-commercial purposes, with attribution to InSight Crime in the byline and links to the original at both the top and bottom of the article. Check the Creative Commons website for more details of how to share our work, and please send us an email if you use an article.

Was this content helpful?

We want to sustain Latin America’s largest organized crime database, but in order to do so, we need resources.

DONATE

About InSight Crime

THE ORGANIZATION

Escaping Barrio 18

27 JAN 2023

Last week, InSight Crime published an investigation charting the story of Desafío, a 28-year-old Barrio 18 gang member who is desperate to escape gang life. But there’s one problem: he’s…

THE ORGANIZATION

Europe Coverage Makes a Splash

20 JAN 2023

Last week, InSight Crime published an analysis of the role of Amsterdam’s Schiphol Airport as an arrival hub for cocaine and methamphetamine from Mexico.  The article was picked up by…

THE ORGANIZATION

World Looks to InSight Crime for Mexico Expertise

13 JAN 2023

Our coverage of the arrest of Chapitos’ co-founder Ovidio Guzmán López in Mexico has received worldwide attention.In the UK, outlets including The Independent and BBC…

THE ORGANIZATION

InSight Crime Shares Expertise with US State Department

16 DEC 2022

Last week, InSight Crime Co-founder Steven Dudley took part in the International Anti-Corruption Conference organized by the US State Department’s Bureau of Democracy, Human Rights, & Labor and…

THE ORGANIZATION

Immediate Response to US-Mexico Marijuana Investigation

9 DEC 2022

InSight Crime’s investigation into how the legalization of marijuana in many US states has changed Mexico’s criminal dynamics made a splash this week appearing on the front page of…