Current Account in El Salvador
El Salvador - Current AccountWhile comprehensive GDP data will not be available until late December, economic growth likely accelerated slightly in the third quarter, as suggested by an uptick in economic activity growth. Moreover, remittance growth gained traction in Q3, which should have lent a hand to private consumption, while bank lending remained strong despite slowing slightly in Q3 from Q2, likely bolstering fixed investment. Turning to the fourth quarter, remittance growth held up well and merchandise exports increased slightly in October. Meanwhile, the IMF concluded a visit to El Salvador on 8 November. The Fund welcomed government moves to tackle crime and improve the business environment, but called for further fiscal consolidation to address the country’s debt load.
El Salvador - Current Account Data
|Current Account (% of GDP)||-6.9||-5.4||-3.2||-2.1||-1.9|
5 years of economic forecasts for more than 30 economic indicators.
El Salvador Current Account Chart
Source: Central Bank of El Salvador and FocusEconomics calculations.
El Salvador Facts
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