Key Market Indicators
Bolivian crude oil production is expected to reach 2.7 million tonnes of oil equivalent by 2026, up from 2.6 million tonnes in 2021. This represents an average year-on-year growth rate of 0.4%. Since 1976, Bolivian output has declined by 0.8% annually. In 2021, it ranked 45th in the world, behind Romania with 2.6 million tonnes of oil equivalent. Saudi Arabia, the US and Iraq took the second, third and fourth spots, respectively.
