According to current projections, Bolivia’s population is expected to grow to its peak population of 17.67 million people by 2083. After this, growth will taper off and the population will begin to slowly decline. At a current population of 11.67 million people, this means that Bolivia will add about 6 million people to its population.
While the birth rate is still above the death rate in Bolivia, it is still declining slightly each year, as well as the fertility rate. Currently, the fertility rate is 2.75 births per woman, well above the population replacement rate of 2.1 births. Because the birth rate and fertility rate falling and thousands are leaving the country each year, Bolivia’s population growth rate is slowing significantly. It currently stands at 1.39%, down from 1.71% in 2010.
Bolivia Population Growth
Bolivia's population has grown rapidly from 8.2 million in 2001 to just over 11 million. Its population has also tripled in the last 50 years. Today, almost 64% of the country's population lives in urban areas, with 70% of the people concentrated in La Paz, Santa Cruz and Cochabamba. The population growth rate is fairly steady and maintainable around 1.5%.
Bolivia Population Projections
The rate of population growth has been steadily slowing since 1980, and that trend is projected to continue in the years to come. The 2019 annual growth rate of 1.46% is predicted to peak in 2020 at 1.48% before slowly declining towards 1% in 2040. This growth rate is a manageable one for the area, and there likely won't be huge population gains in the years to come. Current projections believe that the population of Bolivia will be 11,543,982 in 2020, 13,158,072 in 2030, 14,643,343 in 2040 and 15,903,460 by 2050.