Bolivia's economy has been steadily growing, but it is still considered a lower-middle-income country. The country has a diverse range of industries and job types. While mining, forestry, and agriculture remain important sectors, other areas such as manufacturing, banking, and hospitality are also significant contributors to the economy. Sales, waitstaff, administrative, and office roles are often in demand. Earnings in Bolivia are generally low, and salaries vary depending on qualifications, position, work experience, and language proficiency. To work legally in Bolivia, foreign workers typically need a work visa, an employment contract, and a temporary residence permit.
Characteristics | Values |
---|---|
Income Tax | 13% |
VAT | 13% |
Transaction Tax | 3% |
Corporate Income Tax | 25% |
Ranking in World Bank | 94th largest economy |
Ranking in Human Development Index | 113th |
Industries | Mining, forestry, agriculture, manufacturing, banking, energy |
Job Types | Salesmen, waiters, administrators, office workers, teachers, police officers, bank tellers, public servants, managers |
Average Salary | $300-500 per month |
Average Salary for Managers | $500-1000 per month |
Self-Employed Income Tax | Monthly basis |
Social Security Contributions | 12.21% to a pension fund and 0.5% to the solidarity fund |
What You'll Learn
Mining, forestry and agriculture
Bolivia has traditionally been a mining country, but over time, the range of industries and job types has widened. The country still has many jobs in the mining, forestry and agriculture sectors, but these now account for a smaller share of the economy than in the past.
Mining
Mining has long been a key industry in Bolivia, which has a large stock of natural resources. The country has large amounts of natural gas, which it exports mainly to Brazil and Argentina. It also produces oil, and foreign specialists can find work in this sector.
Forestry
Forestry is a significant sector in Bolivia, but official work in the industry is available to less than half of the locals.
Agriculture
Agriculture is one of the most developed industries in Bolivia, but earnings are low. The level of income will depend on qualifications, position, work experience, and professional and personal skills.
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Manufacturing: textiles, clothing, food, drinks and tobacco
Manufacturing has been a growing sector in Bolivia since the 1950s, although it is still relatively small. Mineral processing and the preparation of agricultural products have traditionally dominated the industry. However, in recent years, there has been a significant shift towards the processing of soybeans and the manufacturing of textiles, wood products, and soft drinks.
Textile manufacturing is a notable industry in Bolivia, particularly in La Paz. Textiles made from alpaca, cotton, or synthetic materials are produced in modern factories and exported to the United States and Europe. This industry has benefited from Bolivia's membership in regional trade organizations like the Andean Community and Mercosur.
Food manufacturing in Bolivia encompasses various sectors, including flour milling, dairy, sugar refining, brewing, and alcohol distilling. These industries cater to both the domestic market and exports. Additionally, there is a growing food processing sector that offers job opportunities beyond plant management, quality control, food science, and sales.
The manufacturing of drinks, particularly soft drinks, has also seen development in Bolivia. This includes the production of beverages such as soft drinks and beer.
While tobacco manufacturing is not specifically mentioned in the context of Bolivia, it is worth noting that the country has a diverse range of manufacturing sectors, and tobacco production could be one of them.
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Banking and finance
Bolivia's service industry is dominated by banking and finance. The country's banking sector has undergone a series of reforms, improving the industry.
There are nine private banks in Bolivia, all of which are regulated by the Central Bank of Bolivia. The banks' lending primarily goes towards manufacturing, property services, and trade and retail.
Most Bolivian bank deposits are held in US dollars. This is due to the country's history of economic instability and high inflation rates.
Banking jobs in Bolivia are likely to be similar to those in other countries. Common roles include bank tellers, bankers, loan processors, mortgage consultants, investment representatives, and credit analysts.
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Hospitality
The hospitality industry in Bolivia offers a range of job opportunities, especially in the more developed areas of Santa Cruz de la Sierra and La Paz. Here is an overview of the hospitality sector and common jobs within it in Bolivia.
Overview
Bolivia's economy has been steadily growing, but the country still has below-average income levels, with low salaries and a low standard of living. Working in Bolivia can be a great opportunity to immerse yourself in the local culture and travel. The hospitality industry is one of the popular fields of work in the country, along with banking and finance.
Common Jobs
- Bartender/Server: Bartenders and servers are in demand in Bolivia, especially those with excellent customer service skills and knowledge of various beverages.
- Housekeeper: Housekeepers are responsible for maintaining cleanliness and orderliness in hotels, resorts, and other hospitality establishments.
- Line Cook: Line cooks are sought after to join food and beverage teams, particularly at the Carolina National Golf Club in Bolivia.
- General Manager: General managers oversee the operations of restaurants and hospitality venues, requiring strong leadership and organisational skills.
- Marketing: Marketing roles are available in the hospitality industry, such as marketing coordinators who develop and implement strategies to promote hospitality services.
- Internships: Internship opportunities are also available in the hospitality industry, providing valuable experience for those new to the field.
Work Requirements
To work legally in Bolivia, foreign workers need a work visa, an employment contract, and a temporary residence permit. Basic knowledge of Spanish is essential, and language skills are a must for full-time employees. Spanish proficiency will also increase the chances of securing better positions and higher salaries.
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Sales, waiting, administration and office work
Sales
Sales representatives are in high demand in Bolivia, with companies like Terra Natural Designs seeking individuals to visit stores, take inventory, and restock products. This role typically offers flexible part-time hours and competitive pay.
Waiting
D's Italian Restaurant in Bolivia is an example of a business seeking waiting staff. Their ideal candidate has a passion for the hospitality industry, excellent customer service skills, and knowledge of various beverages.
Administration
Administrative roles in Bolivia include positions such as clinical directors and business development representatives. CommWell Health, for example, seeks a clinical director to supervise patient services and facilitate service recovery.
Office Work
Office work in Bolivia includes positions such as marketing coordinators and IT support assistants. For instance, Coastal Cosmetic Family Dentistry is hiring a marketing coordinator to develop and implement marketing strategies and manage social media platforms.
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Frequently asked questions
The most common jobs in Bolivia are in the mining, forestry, and agriculture industries. However, the country is also involved in manufacturing and produces textiles, clothing, food, beverages, and tobacco. Other popular fields of work include banking and finance, and the hospitality industry.
Bolivia does not issue work permits or work visas. Foreigners who want to work in Bolivia need an employment contract and a temporary residence permit.
All residents of Bolivia who work in the country pay an income tax of 13% on their wages, salaries, bonuses, and premiums. However, there are exceptions for salaries received by diplomats and foreign employees of international organizations.
While it is not a requirement, having at least a basic knowledge of Spanish is very important. If you plan to work as a full-time employee, Spanish language skills are a must. Knowing Spanish will also increase your chances of securing a better position and a higher salary.
Salaries in Bolivia are typically much lower than in North America, Europe, and Australia. Employees in shops and restaurants, as well as administrative assistants and office workers, often earn less than $200 per month. Teachers, police officers, bank tellers, and public servants earn an average of $300 to $500 per month. Managers can earn between $500 and $1000 per month, while more skilled professionals can expect higher incomes, especially in multinational companies.