Bolivia held a general election on 10 March 1940, electing both a new President of the Republic and a new National Congress.
| Presidential candidates | Party/Alliance | Votes | % |
|---|---|---|---|
| Enrique Peñaranda del Castillo (independent) | Concordance | 58,060 | 85.99 |
| José Antonio Arze (PIR) | PIR | 7,645 | 11.32 |
| Bernardino Bilbao Rioja (independent) | 1,813 | 02.69 | |
| Valid votes | 67,518 | 100.0 | |
| Invalid votes | ??? | ||
| Votes cast | ??? | ||
| Registered voters | 104,612 | ||
| Population | ??? | ||
Concordance (Concordancia). Electoral alliance formed by Liberal Party, PL; Genuine Republican Party, PRG; Republican Socialist Party, PRS.
PIR – Revolutionary Left Party.
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