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Bolivia's biggest city and the world's ninth biggest soybean producer, Santa Cruz, produces a total GDP of USD8.4 billion and accounts for a quarter of the country's total GDP. However, due to large dependency on natural resources and lack of higher value- added sectors, Santa Cruz faces incredibly low productivity levels (USD6,000 GVA per employee) and low annual disposable income per household of USD13,100.
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Overview
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SANTA CRUZ HIGHLIGHTS
Santa Cruz lags considerably behind other major Latin American metropolises in terms of economic efficiency. In 2016, GVA produced per employee was just USD6,000, much lower than nearby major cities such as Santiago (USD34,000) and São Paulo (USD23,900). Nationally, its labour productivity was 25% above the rest of the country's. Santa Cruz's lead over other parts of the country is related to its advantageous geographic position, which made it one of the most important trade centres in Bolivia, and transportation infrastructure.
Higher disposable income
In 2016, disposable income per household in the city was 94% higher than in the rest of the country. Higher household income in Santa Cruz is boosted on the back of food processing and extractive industries (mainly located in Santa Cruz), which offer the best wage rates in the country.
Greatest component of budget spent on food and non-alcoholic beverages
Greater household incomes result in the city's average per household spending level (excluding housing and transport) exceeding the average for the rest of Bolivia by 77% in 2016. Food and non-alcoholic beverages is the largest budget category, claiming 26% of total spending in Santa Cruz in 2016.
Greater spending on housing and transport
Santa Cruz features higher spending on housing, at 97% more than in the rest of the country, while its transport costs were as much as 83% higher than in the rest of Bolivia. Combined housing and transport costs per household exceed the average for the rest of the country by 88% in 2016.
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SANTA CRUZ REVIEW AT A GLANCE
Understanding Santa Cruz Review structure
Chart 1 OverviewKey facts on Santa Cruz
Summary 1 Key Facts On Santa Cruz 2011, 2016, 2021SANTA CRUZ HIGHLIGHTS
History
Delimitation of the metropolitan region
Chart 2 Map Of Santa Cruz Metropolitan AreaMain business districts
ECONOMY OF THE CITY
Industrial make-up
Chart 3 Industrial Composition Of Santa Cruz 2016Chart 4 Labour Productivity: Selected Cities 2016
Recent developments and outlook
Chart 5 Dynamics Of Real GDP In Santa Cruz, Bolivia And Other Cities In Latin America, 2011-2021Summary 2 Labour Market Changes In Santa Cruz 2011, 2016
CONSUMER PROFILE
City demographics
Chart 6 Population By Age 2016Chart 7 Drivers Of Population Growth In Santa Cruz 2011-2016
Household income
Chart 8 Household Distribution By Income In Santa Cruz 2016 And 2021CONSUMER EXPENDITURE
Structure of household budget
Chart 9 Comparison Of Household Expenditure In Santa Cruz And Bolivia, 2016Summary 3 Santa Cruz Household Budget Structure By Consumer Expenditure Item, % of total, 2011, 2016, 2021
City lifestyle
Santa Cruz Accommodating More And More People Every YearMotorcycles And Vans Are More Popular Than Automobiles
City affordability
HousingChart 10 Household Expenditure On Housing: Selected Cities 2016
Transport
Chart 11 Household Expenditure On Transport: Selected Cities 2016
DEFINITIONS
APPENDIX
Summary 4 GDP Development, 2011, 2016, 2021Summary 5 GDP By Origin, Current Prices, US$, Million, 2011-2016
Summary 6 Population And Labour Force, 2011-2016
Summary 7 Employed Population By Economic Sector, % of total, 2011-2016
Summary 8 Population By Sex And Broad Age Groups, ‘000, 2011-2016
Summary 9 Population Growth, 2011-2016
Summary 10 Forecast Population Growth
Summary 11 Population By Educational Attainment, 2011-2016
Summary 12 Structure Of Consumer Expenditure By Main Category, 2011-2016
Summary 13 Consumer Expenditure By Main Category, Per Household, Constant (2016) Prices, US$, 2011, 2016, 2021
Summary 14 Households By Income Band, % Of Total, Constant (2016) Prices 2011, 2016, 2021
Summary 15 Households By Income Band, ‘000, Current Prices 2011-2016
Summary 16 Inflation, 2011-2016
Summary 17 Transport Indicators, 2011-2016
Summary 18 Possession of Consumer Durables, % of Households, 2011, 2016, 2021
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