GDP reading: GDP declined 3.5% in seasonally adjusted annualized rate terms (SAAR) in the second quarter, contrasting the 3.1% expansion...
Economic Growth in El Salvador
El salvador's economy recorded an average growth rate of 2.4% in the decade to 2024, compared to the 2.9% average for Central America and Caribbean. In 2024, real GDP growth was 2.6%. For more GDP information, visit our dedicated page.
El Salvador GDP Chart
Note: This chart displays Economic Growth (GDP, annual variation in %) for El Salvador from 2022 to 2019.
Source: Macrobond.
El Salvador GDP Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Economic Growth (GDP, ann. var. %) | -7.9 | 11.9 | 3.0 | 3.5 | 2.6 |
| GDP (USD bn) | 24.9 | 29.0 | 31.9 | 33.9 | 35.4 |
| Economic Growth (Nominal GDP, ann. var. %) | -7.3 | 16.5 | 9.7 | 6.2 | 4.5 |
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Salvadoran GDP projections for the next ten years from a panel of 20 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable GDP forecast available for Salvadoran GDP.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Salvadoran GDP projections.
Want to get access to the full dataset of Salvadoran GDP forecasts? Send an email to info@focus-economics.com.
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