GDP in El Salvador
El Salvador - GDPThe economy likely accelerated in the fourth quarter of last year, as suggested by faster activity growth in October–November compared to Q3. Strong remittance growth, falling consumer prices and healthy bank lending growth bode well for private consumption in Q4, while the improvement in bank lending should have also supported fixed investment. In further goods news, homicides were reportedly down by one-third in 2019. Nevertheless, the external sector painted a slightly less rosy picture in Q4: Merchandise export growth slowed, while imports continued to contract, albeit at a slower pace. Meanwhile, in politics, consent for additional funding to fight crime was delayed after President Bukele, who was pushing for its approval, controversially entered the Legislative Assembly on 9 February accompanied by armed guards; Assembly President Mario Ponce decried Bukele’s move.
El Salvador - GDP Data
|Economic Growth (GDP, annual variation in %)||1.7||2.4||2.5||2.3||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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