Money in El Salvador

El Salvador Money | Economic News & Forecasts

El Salvador - Money

Economic growth accelerated in the third quarter, boosted by stronger export growth and robust private consumption, which was likely supported by solid remittances. On the other hand, fixed investment slowed, likely influenced by slightly weaker bank lending growth, while spending by the cash-strapped government dropped for the second consecutive quarter. Moving forward, available data points to a mixed Q4: Remittance growth held up well throughout the period, likely underpinning private consumption, although bank lending growth slowed for the third month in a row in November, suggesting fixed investment was modest. For its part, annual economic activity growth slowed slightly in October. Meanwhile, in politics, Parliament approved a tight government budget for 2020 on 13 December, which should help strengthen the public finances over time.

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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