El Salvador - Economic Forecasts - 2018-2020 Outlook

This page has economic forecasts for El Salvador including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the El Salvador economy.


Overview Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Growth Rate 0.30 1.3 0.7 0.7 0.8 0.8 percent
Unemployment Rate 7.00 7.4 6.45 6.3 6.32 7 percent
Inflation Rate 0.88 1.2 1.4 1.6 1.7 1.8 percent
Interest Rate 4.29 4.6 4.25 4.5 4.25 5.4 percent
Balance of Trade -403.30 -435 -401 -435 -442 -420 USD Million
Government Debt to GDP 65.52 65.1 64 66.5 60.4 68 percent
MARKETS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Currency 93.64
92.94 93.86 94.78 95.7 95.7
GDP Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Growth Rate 0.30
percent
1.3 0.7 0.7 0.8 0.8
GDP Annual Growth Rate 2.50
percent
2.1 2.2 2.2 2.3 2.4
GDP 26.80
USD Billion
27.3 27.45 27.6 30.2 31
GDP Constant Prices 2605.00
USD Million
2632 2636 2711 2672 2840
Gross Fixed Capital Formation 1772.70
USD Million
1796 1794 1857 1815 1945
GDP per capita 3802.90
USD
3822 4050 4050 4110 4180
GDP per capita PPP 7990.00
USD
8006 8041 8280 8340 8400
Gdp From Agriculture 305.30
USD Million
312 309 330 328 346
Gdp From Construction 64.90
USD Million
66.05 65.68 73.54 68.2 77.03
Gdp From Public Administration 133.50
USD Million
138 135 139 137 146
Gdp From Transport 246.20
USD Million
247 249 256 250 268
Gdp From Utilities 15.60
USD Million
16.71 15.79 16.24 16.69 17.01
LABOUR Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 7.00
percent
7.4 6.45 6.3 6.32 7
Unemployed Persons 204636.00
182053 181777 181502 178751 186517
Labor Force Participation Rate 62.20
percent
62.32 62.25 62.17 62.17 62.17
Population 6.15
Million
6.16 6.16 6.17 6.18 6.29
Wages High Skilled 752.00
SVC/Month
790 790 790 790 830
Wages Low Skilled 328.00
SVC/Month
345 345 345 345 370
Youth Unemployment Rate 14.20
percent
12.34 11.7 11.06 11.07 12.13
Living Wage Family 485.00
SVC/Month
485 485 485 515 515
Living Wage Individual 255.00
SVC/Month
255 255 255 255 255
Employed Persons 272702.00
217559 225511 233462 227728 165093
Employment Rate 44.95
percent
44.78 44.83 44.88 44.68 42.52
PRICES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Inflation Rate 0.88
percent
1.2 1.4 1.6 1.7 1.8
Consumer Price Index CPI 111.97
Index Points
113 113 114 114 118
Producer Prices 114.73
Index Points
115 115 116 116 120
Export Prices 113.00
Index Points
114 115 115 114 115
Import Prices 145.60
Index Points
145 144 144 143 139
Inflation Rate Mom 0.00
percent
0.11 0.11 0.11 0.11 0.11
Producer Prices Change 1.42
percent
1.4 1.4 1.5 1.5 1.8
Food Inflation 0.10
percent
0.75 0.97 0.93 0.91 0.92
Cpi Housing Utilities 134.41
Index Points
133 134 136 136 141
CPI Transportation 110.12
Index Points
108 110 111 111 115
MONEY Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Interest Rate 4.29
percent
4.6 4.25 4.5 4.25 5.4
Money Supply M0 2.60
USD Million
2.86 2.87 2.87 2.87 2.87
Money Supply M1 3704.40
USD Million
3472 3472 3472 3472 3472
Money Supply M2 12569.00
USD Million
11794 11794 11794 11794 11794
Money Supply M3 13605.50
USD Million
12732 12732 12732 12732 12732
Foreign Exchange Reserves 3401.00
USD Million
3340 3358 3337 3345 3339
Loans To Private Sector 12281.40
USD Million
12378 12432 12461 12471 12279
TRADE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade -403.30
USD Million
-435 -401 -435 -442 -420
Exports 493.70
USD Million
471 489 482 485 484
Imports 897.00
USD Million
907 890 933 926 904
Current Account -178.19
USD Million
-183 -202 -186 -200 -193
Current Account to GDP -2.00
percent
-3.69 -3.23 -3.3 -3.25 -3.09
Capital Flows -291.74
USD Million
-96.97 -147 -191 -92.74 -134
Remittances 490.84
USD Million
430 435 440 439 510
Gold Reserves 1.40
Tonnes
1.49 1.59 1.69 1.8 2.88
Terms Of Trade 77.57
Index Points
78.38 79.46 79.91 79.76 82.31
Terrorism Index 0.00
0 0 0 0 0
Foreign Direct Investment 27.90
USD Million
139 139 139 139 139
GOVERNMENT Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Government Debt to GDP 65.52
percent
65.1 64 66.5 60.4 68
Government Budget -0.80
percent of GDP
-0.82 -0.76 -0.7 -0.7 -0.97
Government Budget Value -16.60
USD Million
-16.5 -16.5 -16.5 -16.5 -16.5
Government Spending 850.80
USD Million
862 861 891 871 934
Government Revenues 4781.50
USD Million
4782 4782 4782 4782 4782
Fiscal Expenditure 4798.00
USD Million
4798 4798 4798 4798 4798
Military Expenditure 245.00
USD Million
237 226 216 215 201
BUSINESS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Industrial Production 5.30
percent
2.7 2.4 3.1 3.2 2.7
Changes in Inventories 0.00
USD Million
0.26 0.2 0.14 0.14 0.03
Internet Speed 3028.79
KBps
3017 3018 3025 3022 3022
IP Addresses 185509.00
IP
202973 202312 204225 205102 204275
Steel Production 10.00
Thousand Tonnes
9.97 9.44 9.54 9.5 9.51
Leading Economic Index 0.60
percent
1.2 1.2 1.4 1.6 1.7
Competitiveness Index 3.77
Points
3.85 3.85 3.85 3.82 3.88
Competitiveness Rank 109.00
107 107 107 107 107
Corruption Index 33.00
Points
36 35 35 36 39
Corruption Rank 112.00
112 112 112 112 112
Ease of Doing Business 73.00
73 73 73 73 73
CONSUMER Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Consumer Spending 9396.50
USD Million
9519 9509 9843 9622 10311
Private Sector Credit 13153.50
USD Million
13182 13210 13218 13216 13063
Gasoline Prices 0.89
USD/Liter
0.79 0.74 0.7 0.66 0.46
TAXES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Corporate Tax Rate 30.00
percent
30 30 30 30 30
Personal Income Tax Rate 30.00
percent
30 30 30 30 30
Sales Tax Rate 13.00
percent
13 13 13 13 13
Social Security Rate 10.50
percent
10.5 10.5 10.5 11 11
Social Security Rate For Companies 7.50
percent
7.5 7.5 7.5 7.5 7.5
Social Security Rate For Employees 3.00
percent
3 3 3 3 3
CLIMATE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Precipitation 18.74
mm
194 306 102 14.07 157
Temperature 24.47
celsius
25.96 25.18 23.98 24.75 25.51