Building material prices have been rapidly increasing parallel to inflation, that reached a staggering 18.5% year-on-year (YoY) in May 2025. The international Monetary Fund (IMF) forecast 15.8% inflation for 2025, highlighting limited fiscal capacity and difficulties arising from fuel shortages, protests, and floods that are affecting food production.
Longer-term, The analyst expects Bolivia’s construction industry to recover and record an annual average growth rate of 4.1% during 2027-29, supported by investments in the transport infrastructure and renewable energy projects. In May 2025, construction work on the Faja Norte-Yapacaní road project commenced with an investment of BOB380.1 million ($55 million). The project is scheduled to be completed by early 2028. Additionally, the Ministry of Public Works, Services and Housing is planning the BOB6.9 billion ($1 billion) Tren Urbano Santa Cruz Development in Santa Cruz, with construction work scheduled to commence in Q1 2028 and end in Q4 2031.
The Construction in Bolivia - Country Briefing (H2 2025) report provides detailed market analysis, information, and insights into Bolivia’s 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.
Scope
This report provides a comprehensive analysis of the construction industry in Bolivia. It provides:
- Historical (2020-2024) and forecast (2025-2029) 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
Reasons to Buy
- Identify and evaluate market opportunities using our 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 business strategies using the analyst's critical and actionable insight
- Assess business risks, including cost, regulatory and competitive pressures
- Evaluate competitive risk and success factors