El Salvador Banking Outlook Improving: Q&A with Banco Agrícola's CFO Ana Beatriz Marin Restrepo
Global Finance discusses goals, strategy, and prospects with Banco Agrícola's CFO Ana Beatriz Marin Restrepo.
El Salvador GDP and Economic Data
Country Report 2017 - Includes El Salvador real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.
Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about El Salvador economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of El Salvador best banks and safest banks are also available.
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International Reserves
USD 3.2 billion (2016)
International Monetary Fund (IMF), data retrieved January 2017
Gross Domestic Product - GDP
USD 27.7 billion (2017, estimate)
GDP (Purchasing Power Parity)
Intl$ 57.3 billion (2017, estimate)
Real GDP growth
| 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 |
| 3.9% | 3.8% | 1.3% | -3.1% | 1.4% | 2.2% | 1.9% |
| 2013 | 2014 | 2015 | 2016* | 2017* | ||
| 1.9% | 1.4% | 2.5% | 2.4% | 2.4% |
*Estimate
GDP (PPP) - share of world total
| 1980 | 1990 | 2000 | 2010 | 2017* |
| 0.08% | 0.06% | 0.06% | 0.05% | 0.05% |
*Estimate
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GDP - composition by sector
- agriculture: 10.6%
- industry: 25.3%
- services: 64.1%
(2016 estimate)
Inflation
| 2013 | 2014 | 2015 | 2016* | 2017* |
| 0.8% | 1.1% | -0.7% | 1.0% | 1.5% |
*Estimate
Unemployment rate
| 2013* | 2014* | 2015* | 2016* | 2017* |
| 5.6% | 5.8% | 5.3% | 5.3% | 5.3% |
*Estimate
Public debt (General government gross debt as a % of GDP)
| 2013 | 2014 | 2015 | 2016* | 2017* |
| 55.3% | 57.1% | 58.7% | 60.4% | 62% |
*Estimate
Public deficit (General government net lending/borrowing as a % of GDP)
| 2013 | 2014 | 2015 | 2016* | 2017* |
| -3.7% | -3.4% | -3.2% | -3.5% | -3.9% |
*Estimate
Government bond ratings
Standard & Poor's: B-
Moody': B3
Standard & Poor's / Moody's (Updated January 2017)
Source
Market value of publicly traded shares
| 2013 | 2014 | 2015 |
| N/A | N/A | N/A |
Source
Current account balance by percentage of GDP
-2.9% (2017 estimate)
Exports as percent of GDP (Exports of goods and services)
26.0% (2015)
Shares in world total merchandising export
0.03% (2015)
Shares in world total commercial services export
0.05% (2015)
Export commodities
Offshore assembly exports, coffee, sugar, textiles and apparel, gold, ethanol, chemicals, electricity, iron and steel manufactures
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Import commodities
Raw materials, consumer goods, capital goods, fuels, foodstuffs, petroleum, electricity
Exports - major partners
US 47.1%, Honduras 13.9%, Guatemala 13.6%, Nicaragua 6.6%, Costa Rica 4.5% (2015)
Imports - major partners
US 39.4%, Guatemala 9.6%, China 8.1%, Mexico 7.4%, Honduras 5.7% (2015)
FDI inflows
| 2013 | 2014 | 2015 |
| USD 179 million | USD 311 million | USD 429 million |
FDI outflows
| 2013 | 2014 | 2015 |
| USD 2.9 million | USD 0.1 million | USD -0.1 million |
Value of cross-border M&A, by country of purchaser
| 2012 | 2013 | 2014 | 2015 |
| USD 11.7 million | N/A | N/A | USD 5.0 million |
Cross-border M&A deals worth over $3 billion completed in 2014
N/A
Cross-border M&A deals worth over $3 billion completed in 2015
N/A
Best countries for doing business
Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.
Overall ranking: 95 out of 190 countries (2016)
Subcategories:
Starting a business: 129 out of 190 countries
Enforcing Contracts: 104 out of 190 countries
Registering Property: 71 out of 190 countries
Getting credit: 44 out of 190 countries
Protecting investors: 158 out of 190 countries
Trading across border: 44 out of 190 countries
Paying Taxes: 166 out of 190 countries
Dealing with Construction Permits: 156 out of 190 countries
Getting Electricity: 109 out of 190 countries
Resolving Insolvency: 80 out of 190 countries
Source
Global competitiveness ranking
105 out of 138 countries
(2016-2017)
Index of Economic Freedom
Ranking: 63 / Score: 65.12 (Moderately free) (2017)
(100=totally free 0=totally repressed)
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Religions
Roman Catholic 57.1%, Protestant 21.2%, Jehovah's Witnesses 1.9%, Mormon 0.7%, other religions 2.3%, none 16.8% (2003 est.)
Total population
| 1990 | 2000 | 2010* | 2016* | 2021* |
| 5.25 million | 5.81 million | 6.04 million | 6.146 million | 6.242 million |
*Estimate
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Urban population as % of total population
| 1960 | 1980 | 2000 | 2015 |
| 38% | 44% | 59% | 67% |
Literacy
Total population: 88%
Male: 90.4%
Female: 86% (2015 est.)
(age 15 and over can read and write)
% of population living on less than $3.10 a day
3.0% (2014)
Inequality of wealth distribution (Gini index)
41.8 (2014)
(0=perfect equality, 100=absolute inequality)
Source
Freedom House rating
Political Rights: 2
Civil Liberties: 3 (2017)
(1 represents the most free, 7 the least free rating)
Source
Total telephone subscribers as % of population
Fixed 14.69% Mobile 145.26% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)
Mercer Cost of living index
San Salvador: 160th (2016)