GDP in El Salvador
El Salvador - GDPThe Salvadorian economy expanded 2.3% in year-on-year terms in the first quarter of this year driven by expansions in key sectors such as construction, financial services, and retail, restaurants and hotels. Despite moderating from Q4’s 2.6% rise, the Central Bank left its growth forecast for this year unchanged since economic activity is growing at a healthy pace and is above the potential growth rate of 2.0%. More recent data from Q2 suggests that the economy is growing at a steady rate. Low inflation coupled with increased salaries and solid growth in remittances and private credit—the former of which expanded 10.8%—will continue to boost economic activity.
El Salvador - GDP Data
|Economic Growth (GDP, annual variation in %)||2.2||1.9||1.8||1.4||2.3|
5 years of economic forecasts for more than 30 economic indicators.
El Salvador GDP Chart
Source: Central Bank of El Salvador.
El Salvador Facts
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