Current Account in El Salvador

El Salvador Current Account | Economic News & Forecasts

El Salvador - Current Account

The economy likely gained speed in Q4 2018 as reflected by the monthly economic activity index showing a year-on-year acceleration in the quarter, led by growth in retail, construction and financial activities. Moving to Q1 2019, available data appears to paint a mixed picture: While merchandise exports contracted year-on-year in January for the third consecutive month, healthy family remittances growth in January should have continued to drive private consumption. Moreover, in early March the U.S. Department of Homeland Security extended temporary protected status until 2 January 2020 for El Salvador, boding well for remittances and private consumption this year.

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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