The number of households is set to increase rapidly in Bolivia over 2021-2040, with other (extended) remaining the dominant household type. While household earnings will reach pre-pandemic levels by 2022, the fastest household expenditure growth is set to be recorded by the other (extended) type of household. Urbanisation is set to intensify, placing Bolivia among the middle third countries in Latin America by 2040 in terms of urbanisation.
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The Country Briefings series examine market potential, economic and consumer trends impacting each country and how they are set to change.
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Households: Global shifts in gender, ageing, migration and housing are transforming the size, location, general make-up as well as income and expenditure of households around the globe, with diverse implications for governments and companies. Households insights can help identify the decision-making processes and consumption tastes of different household groups and types within a country, and assess household appliance and digital readiness that is key for formulating market technology and internet strategies.
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