GDP in El Salvador
El Salvador - GDPEconomic activity in 2016 appears to have strengthened towards the end of the year, according to the monthly economic activity indicator. However, growing political polarization coupled with widening fiscal imbalances prompted Fitch Ratings to downgrade the country’s sovereign debt rating on 1 February. The agency highlighted ongoing disputes in Congress over the 2017 budget since the opposition continues to prevent the government from being able to issue external debt. On the upside, a potential agreement with the IMF on a Fund-backed reform program would provide a welcome source of support for the state’s finances.
El Salvador - GDP Data
|Economic Growth (GDP, annual variation in %)||2.2||1.9||1.8||1.4||2.5|
5 years of economic forecasts for more than 30 economic indicators.
Note: Annual variation of gross domestic product (GDP) in %.
El Salvador GDP Chart
Source: Central Bank of El Salvador.
El Salvador Facts
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