GDP in El Salvador
El Salvador - GDPEl Salvador’s economy is likely to have expanded at a steady, albeit modest rate in Q4 2016. According to the most recent Central Bank data, nominal wage increases, higher bank lending and remittances led to robust domestic demand growth in October, while the external sector also improved thanks in large part to lower oil prices. Encouragingly, following a staff visit to the country in December 2016, the IMF judged there to be strong political support in El Salvador for an economic reform program, while acknowledging that differences exist between the IMF and the government regarding how to reduce the country’s sizeable budget deficit. If it comes to fruition, the program would help stabilize the government’s shaky fiscal position and could act as a catalyst for growth.
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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