El Salvador

Economics, Political, and Trade Overview

Source: Feb 10, 2022 Economist Intelligence Unit

El Salvador - In Short.

Overview of El Salvador

El Salvador achieved independence from Spain in 1821 and from the Central American Federation in 1839. A 12-year civil war, which cost about 75,000 lives, was brought to a close in 1992 when the government and leftist rebels signed a treaty that provided for military and political reforms. El Salvador is beset by one of the world’s highest homicide rates and pervasive criminal gangs.
Value
Country Full Name
El Salvador
Country Code
SLV
Region
Latin America & Caribbean
Income Group
Lower middle income
Currency Unit
GDP
24638720000
Population
6486201
Land Area
20720
Net National Income Per Capita
3034.921785
GDP per Capita (PPP)
8420.486205

2020 GDP Growth Rate (Current USD)

2020 GDP Per Capita (Current USD)

2020 Urbanization Rate (%)

2020 Total Fertility Rate (Birth Per Woman)

Doing Business Score (100= Most Friendly)

El Salvador - Economic

Economy of El Salvador

The smallest country in Central America geographically, El Salvador has the fourth largest economy in the region. With the global recession, real GDP contracted in 2009 and economic growth has since remained low, averaging less than 2% from 2010 to 2014, but recovered somewhat in 2015-17 with an average annual growth rate of 2.4%. Remittances accounted for approximately 18% of GDP in 2017 and were received by about a third of all households.In 2006, El Salvador was the first country to ratify the Dominican Republic-Central American Free Trade Agreement, which has bolstered the export of processed foods, sugar, and ethanol, and supported investment in the apparel sector amid increased Asian competition. In September 2015, El Salvador kicked off a five-year $277 million second compact with the Millennium Challenge Corporation – a US Government agency aimed at stimulating economic growth and reducing poverty – to improve El Salvador’s competitiveness and productivity in international markets.The Salvadoran Government maintained fiscal discipline during reconstruction and rebuilding following earthquakes in 2001 and hurricanes in 1998 and 2005, but El Salvador’s public debt, estimated at 59.3% of GDP in 2017, has been growing over the last several years.

Unemployment Rate

Inflation Rate

El Salvador - GDP Composition

GDP Composiiton & Value Added of El Salvador

Last Updated: Jan, 2021, Updated For 2020.

El Salvador - GDP, Value Added

Demographics of El Salvador

athough it is the smallest country in land area in Central America, El Salvador has a population that is 18 times larger than Belize; at least 20% of the population lives abroad; high population density country-wide, with particular concentration around the capital of San Salvador
Geographic Location

Central America, bordering the North Pacific Ocean, between Guatemala and Honduras

Races

Mestizo 86.3%, White 12.7%, Amerindian 0.2% (includes Lenca, Kakawira, Nahua-Pipil), Black 0.1%, other 0.6% (2007 est.)

Languages

Spanish (official), Nawat (among some Amerindians)major-language

Religion

Roman Catholic 50%, Protestant 36%, other 2%, none 12% (2014 est.)

Dependency & Expectancy of El Salvador

Last Updated: Jan, 2021

Dependency Ratio

Expectancy

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El Salvador - Social Media Briefing

El Salvador - Social Media & Social Commerce

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Politics & Policies of El Salvador

2021 Policies Overview

Updated Coming in March 2021 after our team finish summarizing countries policy.

International Organizations

BCIE, CACM, CD, CELAC, FAO, G-11, G-77, IADB, IAEA, IBRD, ICAO, ICC (national committees), ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IOM, IPU, ISO (correspondent), ITSO, ITU, ITUC (NGOs), LAES, LAIA (observer), MIGA, MINURSO, MINUSTAH, NAM (observer), OAS, OPANAL, OPCW, Pacific Alliance (observer), PCA, Petrocaribe, SICA, UN, UNCTAD, UNESCO, UNIDO, UNIFIL, Union Latina, UNISFA, UNMISS, UNOCI, UNWTO, UPU, WCO, WFTU (NGOs), WHO, WIPO, WMO, WTO

Import of El Salvador

Export of El Salvador

Import Destination

Export Destination