El Salvador


El Salvador Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in El Salvador; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION
Central bank Central Reserve Bank of El Salvador
International Reserves US$ 2.51 billion (Source: IMF; Data updated: 2012)
Gross Domestic Product - GDP US$ 24.421 billion (2010 estimate)
GDP (Purchasing Power Parity) 46.05 billion of International dollars (2010 estimate)
Real GDP growth
2001 2002 2003 2004 2005 2006 2007 2008
1.7% 2.3% 2.3% 1.9% 3.3% 4.2% 4.3% 1.3%
2009 2010 2011 2012*
-3.1% 1.4% 1.4% 2%

*Estimate

GDP per capita - current prices US$ 4,108 (2007 estimate)
GDP per capita - PPP $7,746 International Dollars (2007 estimate)
GDP (PPP) - share of world total
1980 1990 2000 2010 2015**
0.09% 0.06% 0.07% 0.06% 0.05%

**Forecast

GDP - composition by sector
  • agriculture: 11.1% 
  • industry: 30.1% 
  • services: 58.7% (2011 estimate)
  • (Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP) N/A

(Data released on March 2012)

Inflation
2009 2010 2011 2012*
0.4%(2008) 1.2% 3.6% 4.5%

*Estimate

Unemployment rate
2009 2010 2011 2012*
8.1% 5.8% 5.8%(2009) 5.5%

*Estimate

Household saving rates N/A

(Data released on December 2011)

Public debt (General government gross debt as a % of GDP)
2008 2009 2010 2011 2012*
39.3% 48.2% 50.1% 50.8% 50%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2008 2009 2010 2011* 2012**
-2.7% -5.6% -4.5% -4.2% -2.6%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: BB-

Moody's rating: Ba2

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Dec 2011 and Nov 2012)

Market value of publicly traded shares
2009 2010 2011
US$4.432 billion US$4.227 billion US$5.474 billion
Largest companies in El Salvador N/A
DATA ON TRADE AND COMPETITIVENESS
Current account balance US$ -1.2 billion (2010 estimate)(After 2008)
Current account balance by percentage of GDP -4.8% of GDP (2010 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

26.2% (2010)

(Data released on April 2012)

Shares in world total merchandising export 0.03%(2007)

(Data were released in 2012 and refer to 2011)

Shares in world total commercial services export 0.02% (2011)(2007)

(Data were released in 2012)

Total exports US$5.804 billion (2012 estimate) 
Export commodities offshore assembly exports, coffee, sugar, textiles and apparel, gold, ethanol, chemicals, electricity, iron and steel manufactures
Total imports US$10.44 billion (2012 estimate) 
Import commodities raw materials, consumer goods, capital goods, fuels, foodstuffs, petroleum, electricity
Exports - major partners US 44.6%, Guatemala 13.2%, Honduras 9.8%, Nicaragua 5.1%, Germany 4.1% (2011)
Imports - major partners US 39.4%, Guatemala 9.9%, Mexico 9%, China 5.2% (2011)
FDI inflows
2009 2010 2011
US$366 million US$117 million(2009) US$386 million(2009)
FDI outflows
2009 2010 2011
N/A N/A N/A
Value of cross-border M&A, by country of purchaser
2008 2009 2010 2011
N/A N/A(2009) N/A(2009) N/A
Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2011

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 113 out of 185 countries(2009) (2013)

Subcategories:

Starting a business: 139 out of 185 countries(2009)

Enforcing Contracts: 71 out of 185 countries

Registering Property: 56 out of 185 countries

Getting credit: 53 out of 185 countries

Protecting investors: 169 out of 185 countries

Trading across border: 80 out of 185 countries

Paying Taxes: 153 out of 185 countries

Dealing with Construction Permits: 146 out of 185 countries

Getting Electricity: 131 out of 185 countries

Resolving Insolvency: 89 out of 185 countries

(2013)

Global competitiveness ranking
(ranking by country on a basis of 144, the first is the best)
101

(2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 41 Score: 68.7 (Moderately Free) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zone UTC-6
Total area 21,041 km2 (2006)
Capital San Salvador (2009)
Currency US dollar (USD) (2009)
Government type republic (2009)
Languages Spanish, Nahua (among some Amerindians)
Religions Roman Catholic 57.1%, Protestant 21.2%, Jehovah's Witnesses 1.9%, Mormon 0.7%, other religions 2.3%, none 16.8% (2003 estimate)
Total population
1980 1990 2000 2012* 2017**
4.59 million 5.11 million 5.47 million 5.95 million 6.15 million

*Estimate    **Forecast

Urban population as % of total population
1960 1980 2000 2011
38.3% 44.1% 58.4% 64.8%
Population median age 23 years (2010)
Population growth rate 0.6% (2011)
Life expectancy 72 years (2010)
Adult literacy 84% (2005/2010)
% of population living on less than $2 a day 15.22% (2011)
Inequality of wealth distribution (Gini index)

48.33 (2009)

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:2
Civil Liberties:3 (2011)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

141.1% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population 17.69% (Data were released in 2012 and refer to 2011)
Cost of living - Mercer index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

San Salvador: 199th (2011)

CO2 emissions
(Metric tons of CO2 per capita)

1.0227 (Data were released in 2012 and refer to 2009)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST INTERNET BANKS

2012:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2012)
2011:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2011)
2010:
  • COUNTRY WINNERS / Best Consumer Internet Banks HSBC (2010)
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2010)
2009:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2009)

WORLD'S BEST EMERGING MARKET BANKS

2012:
  • COUNTRY WINNERS Banco Agrícola (National, 2012)
2011:
  • COUNTRY WINNERS Banco Agrícola (National, 2011)
2010:
  • COUNTRY WINNERS Banco Agrícola (National, 2010)
2009:
  • COUNTRY WINNERS Banco Agrícola (National, 2009)

WORLD'S BEST FOREIGN EXCHANGE PROVIDERS

2013:
  • COUNTRY WINNERS Citi (National, 2013)
2012:
  • COUNTRY WINNERS Citi (National, 2012)
2011:
  • COUNTRY WINNERS Citi (National, 2011)
2010:
  • COUNTRY WINNERS Citi (National, 2010)
2009:
  • COUNTRY WINNERS Citi (National, 2009)
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE