The state and war flag is a horizontal tricolor of red, yellow and green with the Bolivian coat of arms in the center.

According to one source,[3] the red stands for Bolivia's brave soldiers, while the green symbolizes fertility and yellow the nation's mineral deposits.

The national flag of Bolivia is described as a tricolor rectangle, with the colors red, yellow and green, in a ratio of 1:1:1, meaning three horizontal bands, with the red on the superior part occupying a third of the flag's width, yellow in the middle band using the same width, and green in the inferior part, using the last third.

The first description of Bolivia's national flag, together with the significance of these, were first established by the Supreme Decree of 1888 during the government of President Gregorio Pacheco, which specifies that: The exact colors of the Bolivian flag have been established by the Supreme Decree of 2004:[6] The colours of the tricolor can also be found in the Bolivian Wiphala.

[11] The Wiphala is also officially flown on governmental buildings such as the Palacio Quemado and parliament alongside the tricolor since the introduction of the revised 2009 constitution.