(Analysis) According to the Latinobarómetro 2024 report, Bolivia finds itself at the very bottom of a region already notorious for its economic and political turmoil. This South American nation, known for its rich cultural heritage and natural resources, now faces severe challenges.
Bolivia’s citizens give a dismal 2% approval to their national economy. This stark contrast with countries like Uruguay and Mexico, where 33% and 30% respectively view their economies positively, paints a grim picture.
The economic strain in Bolivia is palpable; inflation hit nearly 10% last year, marking the highest rate in 16 years. This financial distress is largely due to a dollar shortage that started in 2023, creating a burgeoning black market for currency.
Furthermore, 71% of Bolivians see the economy as the country’s main issue. Only 5% believe in national progress, and 25% anticipate further decline, signaling deep economic despair.
On the political front, democracy in Bolivia is faltering. Support for this system of governance dropped from 51% in 2023 to 47% in 2024. More worryingly, the acceptance of authoritarian rule climbed by 3%.
Public satisfaction with how democracy operates is at its lowest since 1996, with only 10% of Bolivians feeling content. This figure was once as high as 50% in 2009, highlighting a significant shift in public sentiment.
Trust in President Luis Arce has also collapsed. His approval ratings have plummeted from 46% to just 10%, with his government receiving a mere 12% trust.
Bolivia’s Crisis of Trust
The judicial system faces similar distrust, with only 13% of the population believing in its integrity, placing Bolivia last in judicial trust among Latin American countries.
This reflects ongoing issues with judicial appointments and the extension of judicial terms, which have influenced political landscapes and legislative powers. Additionally, trust in the military and police is critically low at 23% and 16% respectively, indicating a broader institutional mistrust.
Latinobarómetro conducted this survey through 19,214 face-to-face interviews across 18 Latin American countries, providing a comprehensive view of public opinion. The survey’s margin of error stands at 3% nationally and 1% regionally, ensuring reliable data.
Bolivia’s descent into this economic and democratic quagmire serves as a cautionary tale against government overreach and mismanagement. It underscores the need for individual liberty, economic freedom, and a government that does not monopolize the judicial and economic spheres.
This narrative isn’t just about numbers; it’s about the real lives of people in Bolivia who are grappling with these systemic failures. It’s a story of a nation at a crossroads, where the path forward will require not just policy changes but a fundamental reevaluation of governance and economic philosophy.
