GDP in El Salvador
El Salvador - GDPThe 2017 budget approved in January this year has come under fire due to the government’s exclusion of expenditure items estimated at over USD 600m, which means that El Salvador risks suffering liquidity problems by mid-2017, repeating the scenario seen last year. Without further fiscal adjustment, this leaves the government at risk of a substantial debt increase, in a context where the government has long been under pressure to halt the country’s spiraling debt problem. Mounting fiscal imbalances, coupled with slowing public consumption, had hampered growth last year. Though private consumption gained traction thanks to surging remittances, annual growth remained below the regional average of around 3.0%.
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.
El Salvador GDP Chart
Source: Central Bank of El Salvador.
El Salvador Facts
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