Money in El Salvador

El Salvador Money | Economic News & Forecasts

El Salvador - Money

Economic growth likely moderated in the fourth quarter of last year, although comprehensive GDP data will not be released until 31 March. Seasonally-adjusted economic activity increased in Q4 from the same quarter a year earlier at a weaker pace than in Q3, due to softer momentum in the construction sector and some service sectors such as financial services. Turning to early this year, the latest signals are mixed. On the one hand, annual remittance growth accelerated in January–February compared to Q4, which should have supported private consumption, and S&P Global Ratings upgraded its credit rating outlook for El Salvador in March to positive from stable. However, although El Salvador does not have any reported cases of coronavirus yet, in March the government banned non-Salvadorans from travelling to the country and temporarily closed all schools.

El Salvador - Money Data

2014   2015   2016   2017   2018  
Money (annual variation in %)-0.4  6.3  3.4  10.4  5.8  

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El Salvador Money Chart


El Salvador Money
Note: Annual variation of M2 in %.
Source: Central Bank of El Salvador.

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