Milenio Foundation released a very interesting report, No.163, September 14, 2012:
Santa Cruz economy, Bolivia sustainable growth
Santa Cruz economy continues to be the first to contribute to the growth of the GDP, with 27.1 per cent, although it continues to decline their participation. Its exports exceeded $2,120 million in 2011, surpassing levels reached in 2008 of $1,896 million.
Main products exported are non-traditional, stands the soy that has managed to grow both in value and in volume, taking advantage of the growing demand for international and rising prices.
The Department of Santa Cruz is still the first to produce food for the country between grains, cereals, tubers and livestock sector generates 70 percent of the total and guarantee food security to the country.
The behavior of the main economic indicators of Santa Cruz, concluding that its economy is the fundamental pillar of the national economy.
According to the data of the INE, in the 2001 Santa Cruz had 2.08 million inhabitants and in 2012 is projected a population of 2.94 million, of which 78 per cent is located in urban areas and 22 per cent in rural areas, sharing first place with the greatest concentration of Bolivian population with the Department of La Paz.
Product and product per capita
Since the 1980s, Santa Cruz Department stood together with La Paz in the first venture of the national gross domestic product (GDP), with an average of 28.4 per cent, due to the natural resources and the participation of the private sector in the economy. Between 1998 to 2005, its efforts in the participation in national GDP, the Department of Santa Cruz was about 30 percent, from the year 2006 this share declined to 27.1 per cent.
From the year 1989 to 2011, the Department of Santa Cruz had an average growth (4.4 percent) higher to the average growth of Bolivia (3.9 per cent). In 2011, the Santa Cruz GDP growth was 5.7 per cent, well over the growth of the national GDP, which reached 5.2 per cent (see Figure 1).