Bolivia Black Market Value: $0.271 Billion ($271 Million)

World Average: $15.54 Billion

Click on the black market value to view source.

   




Data on Bolivia


Coca cultivation increased in Bolivia in 2009

The US Department of State reported that in 2009, Bolivia’s cultivation of coca increased by 10 percent over the previous year.

The potential production of cocaine in the country increased to 195 tons, an increase of 50 percent from the 130 tons in 2007.

Source:  AFP, “Mexican drug lords face ‘existential threat,’ US says,” Yahoo News, March 1, 2010.

Coca production in Bolivia

In 2008, the harvest of illegal coca production in Bolivia was estimated to be 75,000 acres.

The production of illegal coca was up 65 percent from previous years.

Source:  Antonio Regalado, “Bolivia Plants Coca, and Cocaine Follows,” Wall Street Journal, August 18, 2009.

Price of Marijuana in the Americas

Price is in US Dollars and represents the typical price of Marijuana in the Americas.

Country Wholesale Price
(per kilogram
Retail Price
(per gram)
Argentina 400 1.3
Bolivia 115 0.8
Brazil 150 0.3
Canada 4,714.3 15
Chile 1,223 5.3
Colombia 40.3 0.4
Mexico 80 NA
United States 2,000 10.4
Venezuela 90 1.9

Source: UNODC, “World Drug Report 2009: Section 3.4 Prices, pages 215 to 234,” June 2009.

Price of Cocaine in the Americas

Price is in US Dollars and represents the typical price of Cocaine in the Americas.

Country Wholesale Price
(per kilogram
Retail Price
(per gram)
Argentina 4,800 5.9
Bolivia 2,250 3.5
Brazil 3,000 12
Canada 33,834 96.8
Chile 14,600 26.6
Colombia 2,198 NA
Mexico 12,500 NA
Peru 851 NA
United States 28,500 97.4

Source: UNODC, “World Drug Report 2009: Section 3.4 Prices, pages 215 to 234,” June 2009.

More Prices of Cocaine:

Price of cocaine in Asia.

Price of cocaine in Africa.

Price of cocaine in Europe

Price of cocaine in the Middle East.

All cocaine news and data from our database.

Bolivian President claims US encourages drug trafficking

President of Bolivia Evo Morales accused the United States of encourages drug trafficking in his country.

From the AFP (via Google News):

Bolivian leader Evo Morales on Thursday accused the US government of encouraging drug-trafficking as he explained his decision to banish the US Drug Enforcement Administration (DEA).

Morales, a staunch opponent of the Washington government, said the staff from the US agency had three months to prepare to leave the country, because “the DEA did not respect the police, or even the (Bolivian) armed forces.”

“The worst thing is, it did not fight drug trafficking; It encouraged it,” the Bolivian leader said, adding that he had “quite a bit of evidence” backing up his charges.

Presidential Minister Juan Ramon Quintana presented a series of documents and press clippings at a news conference, which he described as “object data” that had influenced Morales’ decision to suspend DEA activities last week.

Quintana said Morales was ready to present the evidence to incoming US president Barack Obama “to prove the illegality, abuse and arrogance of the DEA in Bolivia.”

The United States denied the charge.

“The charges that have been made are just patently absurd,” State Department deputy spokesman Robert Wood told the daily press briefing in Washington. “We reject them categorically.”

In La Paz on Thursday, Morales accused the US government of encouraging drug-trafficking as he explained his decision to banish the US Drug Enforcement Administration (DEA).

Wood said the Bolivian government will only hurt its own people.

“The United States has had good cooperation with the Bolivian government over 35 years with regard to counter-narcotics cooperation,” the deputy spokesman said.

“Should the Bolivian government decide to sever its working relationship with us with regard to counter-narcotics, it’s going to impact the Bolivian people,” Wood said.

“And we’re going to continue to look for ways to do what we can to counter the narcotics in the region,” he said.

US to cut trade preferences for Bolivia due to drug trafficking

The Bush Administration is proposing cuts in trade benefits for Bolivia due to the rampant drug trafficking in the country.

From Bloomberg News:

President George W. Bush called for a suspension of trade preferences that benefit Bolivia, saying the Andean country hasn’t done enough to fight drug trafficking.

“Bolivia has failed to cooperate with the United States on important efforts to fight drug trafficking,” Bush said at a ceremony in Washington where he extended trade preferences for Colombia and Peru. “So, sadly, I have proposed to suspend Bolivia’s trade preferences until it fulfills its obligations.”

Bush cited Bolivia, Venezuela and Myanmar in an annual report submitted to Congress last month, saying they “failed demonstrably” in the past year to fulfill obligations to fight narcotics trafficking. Bolivia is the world’s third-biggest producer of coca, the main ingredient for cocaine, after Colombia and Peru; the U.S. is the world’s largest cocaine consumer.

Bolivia Black Markets

Filed under: Americas

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Cocaine market in Bolivia

According to the 2006 United Nations World Drug Report, the market value of coca produced in Bolivia based on farm-gate prices was $180 million in 2005.

Source: United Nations Office on Drugs and Crime, “2007 World Drug Report,” June 2007, pg. 223-240.

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