Imports in El Salvador
El Salvador - Imports
Annual economic growth likely slowed in Q3, after decelerating in Q2, as suggested by a dip in economic activity growth in July–August compared to Q2’s average. However, remittance growth gained momentum in Q3, while consumer prices fell year-on-year, both of which should have lent a hand to private consumption and cushioned the slowdown. Moreover, although bank lending increased at a slightly slower rate in July–August than in Q2, it still remained strong, likely bolstering fixed investment. Turning to politics, in October the U.S. government announced an extension to the temporary protected status (TPS) granted to Salvadorans living in the U.S. to January 2021, as it was previously set to expire in January 2020; the government added that a second one-year extension could also be possible. Taken together, developments should help underpin remittance inflows in the short-term.El Salvador - Imports Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Imports (USD billion) | 10.7 | 10.5 | 10.3 | 9.8 | 10.6 |
El Salvador Facts
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