El Salvador Economic Outlook
October 11, 2016Economic growth in El Salvador ticked up in the second quarter of this year to 2.5% on an annual basis from Q1’s 2.4%. According to the Central Bank (CB), the agricultural sector led Q2’s expansion, while the manufacturing industry and construction were the weakest performers. From an expenditure approach, better results were recorded on the domestic demand side, which more than offset a weak external sector. Growing credit and stable interest rates should continue to improve private investment conditions going forward. Recent data showed that foreign direct investment in the first quarter of the year grew at the fastest pace since 2010.
El Salvador Economy Data
5 years of El Salvador economic forecasts for more than 30 economic indicators.
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El Salvador Facts
El Salvador Economic Growth
October 11, 2016Increasing violence due to high criminal activity, a sizable trade imbalance and a high debt-to-GDP ratio are weighing on El Salvador’s economic prospects. Analysts expect that GDP will expand 2.3% in 2016, which is down 0.1 percentage points from last month's forecast. In 2017, they foresee growth slowing down a notch to 2.2%.