GDP in El Salvador

El Salvador GDP | Economic News & Forecasts

El Salvador - GDP

The 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

2014   2015   2016   2017   2018  
Economic Growth (GDP, annual variation in %)1.7  2.4  2.5  2.3  2.5  

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El Salvador GDP Chart

El Salvador GDP
Note: Annual variation of gross domestic product (GDP) in %.
Source: Central Bank of El Salvador.

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