
Bolivia Construction Market Size, Trends, and Forecasts by Sector – Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2024-2028
Description
Bolivia Construction Market Size, Trends, and Forecasts by Sector – Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2024-2028
Summary
Bolivia’s construction industry is expected to register an annual growth of 2.8% in real terms in 2024, supported by public and private sector investment in the energy, transport and residential sectors. The government’s 2024 budget includes an expenditure of BOB265.6 billion ($38.4 billion), an increase of 8.9% compared with the 2023 budget. Of the total, the 2024 budget includes an allocation of BOB26.9 billion ($3.9 billion) for the healthcare sector, BOB16.6 billion ($2.4 billion) for the development of the tourism, energy, hydrocarbons, manufacturing, and agriculture sectors and BOB4.8 billion ($690 million) for the development of infrastructure. An increase in the total floor area of construction plans approved is expected to further support the construction industry’s output over the forecast period. According to the Instituto Nacional de Estadística (INE), the total floor area of construction plans approved rose by 13.2% year on year (YoY) in the first eleven months of 2023, preceded by annual growth of 10.5% in 2022.
The ongoing political crisis in the country led to delays in the financing of a number of projects, which is expected to weigh on the industry’s outlook in the short term. As of January 2024, the crisis has led to delays in energy and infrastructure project loans totaling BO5.5 billion ($800 million). Further constraining growth, according to the INE, the country’s total export value, measured in US dollar terms, declined by 21.3% in the first ten months of 2023
GlobalData’s Construction in Bolivia – Key Trends and Opportunities to 2028 (H1 2024) report provides detailed market analysis, information, and insights into Bolivia’s construction industry, including -
- Bolivia’s 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 Bolivia’s 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 (2019–2023) and forecast (2024–2028) 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.
Table of Contents
23 Pages
- 1 Executive Summary
- 2 Construction Industry: At-a-Glance
- 3 Latest news and developments
- 4 Project analytics
- 5 Construction Market Data
- 6 Risk Profile
- 7 Appendix
- 7.1 Definitions
- 7.2 CRI Methodology
- 7.3 About GlobalData
- 8 Contact Us
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