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 Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Growth Rate 0.26 1 1.3 0.3 0.8 0.8 percent
Unemployment Rate 7.00 7.4 7.4 6.6 6.5 7 percent
Inflation Rate 1.42 1.6 1.5 1.5 2 4 percent
Interest Rate 4.39 4.6 4.6 4.5 4.5 5.4 percent
Balance of Trade -424.90 -459 -452 -445 -438 -377 USD Million
Government Debt to GDP 65.52 63.5 64 64.5 65 58.2 percent
MARKETS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Currency 89.10
92.94 93.86 94.78 95.7 98
GDP Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Growth Rate 0.26
percent
1 1.3 0.3 0.8 0.8
GDP Annual Growth Rate 2.40
percent
2.5 2.6 2.8 2.8 2.4
GDP 26.80
USD Billion
26.85 27 27.15 27.3 28.9
GDP Constant Prices 2605.00
USD Million
2608 2609 2609 2609 2594
Gross Fixed Capital Formation 1772.70
USD Million
1769 1760 1752 1744 1669
GDP per capita 3802.90
USD
3793 3809 3825 4050 4180
GDP per capita PPP 7990.00
USD
7972 8006 8041 8280 8400
Gdp From Agriculture 305.30
USD Million
316 309 308 312 307
Gdp From Construction 64.90
USD Million
66.2 65.77 65.4 65.44 64.72
Gdp From Public Administration 133.50
USD Million
133 133 132 132 130
Gdp From Transport 246.20
USD Million
248 249 249 249 248
Gdp From Utilities 15.60
USD Million
15.59 15.53 15.45 15.4 14.86
LABOUR Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 7.00
percent
7.4 7.4 6.6 6.5 7
Unemployed Persons 204636.00
182328 182053 181777 181502 186517
Labor Force Participation Rate 62.20
percent
61.4 61.36 61.33 61.3 60.5
Population 6.15
Million
6.13 6.13 6.14 6.14 6.14
Wages High Skilled 752.00
SVC/Month
791 813 834 856 763
Wages Low Skilled 328.00
SVC/Month
287 275 262 250 302
Youth Unemployment Rate 14.20
percent
12.98 12.34 11.7 11.06 12.13
Living Wage Family 485.00
SVC/Month
485 485 485 485 485
Living Wage Individual 255.00
SVC/Month
255 255 255 255 255
Employed Persons 272702.00
209608 217559 225511 233462 165093
Employment Rate 44.95
percent
44.73 44.78 44.83 44.88 42.52
PRICES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Inflation Rate 1.42
percent
1.6 1.5 1.5 2 4
Consumer Price Index CPI 111.96
Index Points
112 112 112 112 116
Producer Prices 158.89
Index Points
158 158 157 156 150
Export Prices 113.50
Index Points
113 113 112 112 110
Import Prices 145.40
Index Points
145 145 144 144 141
Inflation Rate Mom 0.10
percent
0.12 0.12 0.12 0.12 0.12
Producer Prices Change 1.81
percent
3.06 3.03 2.92 2.83 2.74
Food Inflation 1.80
percent
1.57 1.38 1.35 1.36 1.4
Cpi Housing Utilities 134.97
Index Points
135 135 136 136 137
CPI Transportation 109.15
Index Points
109 109 108 108 107
MONEY Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Interest Rate 4.39
percent
4.6 4.6 4.5 4.5 5.4
Money Supply M0 2.60
USD Million
3.3 4.97 7.47 10.63 63.13
Money Supply M1 3454.80
USD Million
3451 3446 3442 3438 3388
Money Supply M2 11880.10
USD Million
11860 11853 11845 11838 11753
Money Supply M3 12830.50
USD Million
12821 12810 12800 12789 12665
Foreign Exchange Reserves 3441.90
USD Million
3377 3354 3325 3296 3014
Loans To Private Sector 12138.50
USD Million
12223 12269 12291 12297 12072
TRADE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Balance of Trade -424.90
USD Million
-459 -452 -445 -438 -377
Exports 421.00
USD Million
447 441 439 437 410
Imports 845.90
USD Million
917 914 910 907 867
Current Account -248.93
USD Million
-44.4 -117 -225 -202 -238
Current Account to GDP -2.00
percent
-3.45 -3.23 -3.02 -2.8 -3.28
Capital Flows 98.21
USD Million
-39.21 -169 -72.28 -155 -131
Remittances 502.99
USD Million
420 430 435 440 510
Gold Reserves 1.37
Tonnes
1.45 1.55 1.66 1.77 2.59
Terms Of Trade 78.03
Index Points
78.28 78.48 78.67 78.86 80.82
Terrorism Index 0.00
0 0 0 0 0
Foreign Direct Investment 27.90
USD Million
112 115 89.15 95.22 97.93
GOVERNMENT Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Government Debt to GDP 65.52
percent
63.5 64 64.5 65 58.2
Government Budget -0.80
percent of GDP
-0.87 -0.81 -0.75 -0.69 -1.1
Government Budget Value -16.60
USD Million
-113 -101 -89.93 -78.6 -269
Government Spending 850.80
USD Million
854 857 861 864 895
Government Revenues 4781.50
USD Million
4605 4725 4845 4965 5306
Fiscal Expenditure 4798.00
USD Million
4625 4717 4808 4899 5216
Military Expenditure 227.80
USD Million
252 247 243 239 272
BUSINESS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Industrial Production 2.70
percent
2.58 2.7 2.83 2.96 3.52
Changes in Inventories 0.00
USD Million
26.27 26.27 26.27 26.27 24.04
Internet Speed 3028.79
KBps
2928 2908 2888 2866 2638
IP Addresses 185509.00
IP
174396 173854 172830 171935 170718
Steel Production 10.00
Thousand Tonnes
9.42 9.04 8.68 8.37 6.43
Leading Economic Index 2.80
percent
3.03 3.03 3.02 3.02 3.01
Competitiveness Index 3.77
Points
3.85 3.85 3.85 3.85 3.88
Competitiveness Rank 109.00
100 100 100 100 102
Ease of Doing Business 73.00
82 83 85 87 98
Corruption Index 36.00
Points
38 37 37 36 38
Corruption Rank 95.00
77 81 84 87 82
CONSUMER Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Consumer Spending 9396.50
USD Million
9364 9383 9403 9423 9298
Private Sector Credit 12999.40
USD Million
13097 13143 13161 13164 13000
Gasoline Prices 0.83
USD/Liter
0.84 0.84 0.84 0.83 0.78
TAXES Actual Q1/18 Q2/18 Q3/18 Q4/18 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
11 11 11 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 Q1/18 Q2/18 Q3/18 Q4/18 2020
Precipitation 18.74
mm
14.04 194 306 102 157
Temperature 24.47
celsius
24.7 25.96 25.18 23.98 25.51