BEST BANKS 2014: LATIN AMERICA
While Latin American banks continued to expand their client base and footprints, the sector still faced important challenges.
El Salvador
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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
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GDP - composition by sector
(Data released on February 2012)
- agriculture: 11.1%
- industry: 30.1%
- services: 58.7% (2011 estimate)
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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)
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Market value of publicly traded shares
| 2009 | 2010 | 2011 |
| US$4.432 billion | US$4.227 billion | US$5.474 billion |
Source
Current account balance
US$ -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)
Source
Shares in world total merchandising export
0.03%(2007)
(Data were released in 2012 and refer to 2011)
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Shares in world total commercial services export
0.02% (2011)(2007)
(Data were released in 2012)
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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
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Exports - major partners
US 44.6%, Guatemala 13.2%, Honduras 9.8%, Nicaragua 5.1%, Germany 4.1% (2011)
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Imports - major partners
US 39.4%, Guatemala 9.9%, Mexico 9%, China 5.2% (2011)
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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)
Source
Global competitiveness ranking(ranking by country on a basis of 144, the first is the best)
101
(2012)
Source
Index of Economic FreedomWSJ and Heritage Foundation
Ranking: 41 Score: 68.7 (Moderately Free) (2009)
(100=totally free 0=totally repressed )
Source
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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 estimate)
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Total population
| 1980 | 1990 | 2000 | 2012* | 2017** |
| 4.59 million | 5.11 million | 5.47 million | 5.95 million | 6.15 million |
*Estimate **Forecast
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Urban population as % of total population
| 1960 | 1980 | 2000 | 2011 |
| 38.3% | 44.1% | 58.4% | 64.8% |
% 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)
Source
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)
Source
CO2 emissions(Metric tons of CO2 per capita)
1.0227 (Data were released in 2012 and refer to 2009)
