Current Account in El Salvador

El Salvador Current Account | Economic News & Forecasts

El Salvador - Current Account

The economy lost momentum in the third quarter, as private consumption growth softened and exports contracted in annual terms. In contrast, public consumption and fixed investment growth accelerated notably. Looking to the fourth quarter, economic activity growth accelerated in October on a stronger industrial production reading. Moreover, remittances growth was solid in October and November. On the political front, polls show that Nayib Bukele, leader of the right-wing Grand Alliance for National Unity (GANA) party is the favorite to win February’s presidential elections. If the victor fails to obtain an outright majority, however, a run-off election will take place in March. In late-December, Congress approved the 2019 budget and a new debt issuance, which ought to reduce fiscal risks.

El Salvador - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-6.9  -5.3  -3.2  -2.1  -2.0  

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El Salvador Current Account Chart


El Salvador Current Account
Note: Current account balance as % of GDP.
Source: Central Bank of El Salvador and FocusEconomics calculations.

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