Public Debt in El Salvador
El Salvador - Public DebtEconomic growth eased to 3.7% in Q4 from 11.6% in Q3, on the back of softer expansions across the board, with the most notable slowdown recorded by exports of goods and services. Turning to 2022, the economy faltered at the outset of the year, as activity contracted in January for the first time since February 2021, reflecting falling activity in wholesale and retail trade, and information and communication. Furthermore, merchandise exports expanded at a softer rate in January–February. Household consumption will have been dented by softer growth in remittances and rising inflation in the same period. Turning to Q2, activity will take a hit from the 30-day state of emergency announced on 27 March due to spiking gang violence. The violence will hurt business confidence and could fuel social unrest amid discontent with the government.
El Salvador - Public Debt Data
|Public Debt (% of GDP)||70.8||72.6||73.6||72.7||73.3|
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El Salvador Facts
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