Economy of El Salvador
Population: 6.42 M (2018)
GDP per Capita: 4,058 USD (2018)
26,060 M.

GDP USD

(2018)

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7,530 M.

EXPORTS USD

(2018)

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12,670 M.

IMPORTS USD

(2018)

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72.82 %

PUBLIC DEBT

(2018)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 2.54 % (2018)
GDP of 2010 USD USD 22.50 B. (2018)
GDP Current USD USD 26.06 B. (2018)
GDP per Capita Current USD USD 4,058 (2018)
GDP per capita, PPP USD 7,393 (2018)
GDP per Capita, 2010 USD USD 3,511 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 16.13 % (2018)
Government Spending USD 4.20 B. (2018)
Government Debt % GDP 72.82 % (2018)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 210.67 (2018)
Trade Openness 77.53 % (2018)
Exports of Goods and Services % GDP 28.91 % (2018)
Exports Goods & Services USD 7.53 B. (2018)
Exports Annual Growth 2.92 % (2018)
Imports as % GDP 48.62 % (2018)
Total Imports USD 12.67 B. (2018)
Foreign Direct Investment % GDP 1.64 % (2018)
Foreign Direct Investment USD 0.43 B. (2018)
Current Account Balance % GDP USD -4.77 % (2018)
Current Account Balance USD -1.24 B. (2018)
Trade Balance % GDP -19.71 % (2018)
Trade Balance USD -5.14 B. (2018)
Foreign Exchange Reserves incl Gold USD 3.57 B. (2018)
Remittances % GDP 20.68 % (2018)
Remittances USD 5,370 M. (2018)
Balance of Payments USD 189 M. (2018)

Labor Market

Indicator Value
Labor Force 2.88 M. (2019)
Unemployment Rate 4.35 % (2019)
Unemployment Rate Females 3.58 % (2019)
Unemployment Rate Males 4.49 % (2019)
Youth Unemployment (ages 15-24) 9.71 % (2019)
Labor Force Participation Rate 61.10 % (2019)
Labor Force (Percent Female) 41.94 % (2019)
Female Labor Force Participation Rate 46.29 % (2019)
Male Labor Force Participation Rate 78.94 % (2019)
Dependent People 54.84 % (2018)

Agriculture Sector

Indicator Value
Forest Area 12.60 % (2016)
Forest Area km² 2,606 km² (2016)
Agricultural Land 76.45 % (2016)
Agricultural Land km² 15,840 km² (2016)
Employment 18.49 % (2019)
Value added % GDP 4.88 % (2018)
Agriculture Value added USD 1.27 B. (2018)
Crop Production Index 111.30 (2016)
Precipitation 1,784 mm (2014)
Arable Land 36 % (2016)
Cereal Yield 2,794 kg/hectare (2017)
Food production index 120 (2016)
Rural Population 28 % (2018)
Fertilizer use of Arable Land 132 kg/hectare (2016)
Livestock Production Index 112 (2016)
Economy of El Salvador

According to the World Bank and its latest published data, the economy of the El Salvador presents a growth rate of 2.54 % (2018) to the previous year.

With a population that reaches 6.42 M (2018) and a gross domestic product of USD 26.06 B. (2018), it translates a Gross Domestic Product per Capita of USD 4,058 placing its inhabitants on the threshold of an Upper middle income country (according to the World Bank's updated classification).

El Salvador also has a workforce of 2.88 M. (2019) with an unemployment rate of 4.35 % (2019), where women represent 3.58 % (2019) and men 4.49 % (2019), the unemployment rate for young people between 15-24 years old stood at 9.71 % (2019). The total number of dependent people stands at 54.84 % (2018).

The central government spent 16.13 % (2018) of its gross domestic product that year, which in absolute terms is USD 4.20 B. (2018). Its consolidated public debt reached 72.82 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, El Salvador exported USD 7.53 B. (2018), which represents 28.91 % (2018) of its gross domestic product, in that same sense its imports reached USD 12.67 B. (2018) with a direct foreign investment of USD 0.43 B. (2018).

El Salvador has a forest area of 2,606 km² (2016), which represents 12.60 % (2016) of its total area, an average rainfall of 1,784 mm (2014) per year and a population of 28 % (2018) living in rural areas. With a total area of 15,840 km² (2016) available for agriculture and 18.49 % (2019) of its employments, the agricultural sector contributes to the economy of the El Salvador about USD 1.27 B. (2018) (4.88 % (2018) of its GDP).