Capital: Sucre (Constitutional)
Capital: La Paz (Seat of Government)
Language(s): Spanish, Quechua, Aymara (Official)
Area: 1,098,581 km2
Population: Abt. 11 million
GDP (PPP): 2011 estimate
Total: $50.904 billion
Per capita: $4,789
Bolivia is one of the poorest countries in South America. Income inequality is high, with the majority of the population engaged in subsistence farming. The wealthy city elites, of Spanish ancestry, have long dominated political and economic life.
Rental income earned by individuals is taxed at a flat rate of 25%. Capital gains are considered as part of income and taxed at the standard income tax rate of 13%. Inheritance tax is levied at 1% for spouses, ascendants, and descendants. Residents are taxed on their Bolivian-sourced income at 13%.