Bolivia’s economy relies on natural resources, particularly natural gas and lithium, yet struggles to diversify beyond commodities. Market competition is stifled by informality and weak institutions. Public policies emphasize poverty reduction and indigenous inclusion, but political instability hinders implementation. Regulatory frameworks are improving but remain inconsistent, deterring foreign investment. Bolivia’s society values its indigenous heritage, which influences governance and economic priorities. Education access has expanded, though quality disparities persist in rural areas. Healthcare is underfunded, with limited infrastructure outside cities. Climate challenges, including deforestation and water scarcity, require immediate action. Bolivia’s economic potential depends on managing natural resources sustainably and improving governance.