GDP in El Salvador

El Salvador GDP | Economic News & Forecasts

El Salvador - GDP

Economic conditions likely remained downbeat in Q3, despite improving somewhat, after Q2’s record GDP contraction due to the fallout from the pandemic. Economic activity continued to shrink in August, albeit at the softest pace since March, which suggests that the downturn has bottomed out. Moreover, exports grew for the first time in seven months in September, while imports decreased at the softest pace in six months, hinting at a pickup in domestic demand. Meanwhile, remittances continued to climb from April’s collapse through September, as employment levels improved in the U.S. However, Covid-19 cases continued to rise in September–October, which could weigh on activity in Q4. In brighter news, in late October, the OPEC Fund for International Development approved a USD 35 million public sector loan to support small- and medium-sized businesses hit by the pandemic.

El Salvador - GDP Data

2015   2016   2017   2018   2019  
Economic Growth (GDP, annual variation in %)2.4  2.5  2.3  2.4  2.4  

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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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