El Salvador | Economic Forecasts | 2017-2020 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 Q3/17 Q4/17 Q1/18 Q2/18 2020
GDP Growth Rate 0.84 0.4 0.6 1 1.3 0.8 percent [+]
Unemployment Rate 7.00 7.3 7.3 7.4 7.4 7 percent [+]
Inflation Rate 1.13 1.4 1.5 1.6 1.5 4 percent [+]
Interest Rate 4.43 4.5 4.6 4.6 4.6 5.4 percent [+]
Balance of Trade -324.54 -350 -362 -361 -365 -364 USD Million [+]
Government Debt to GDP 64.16 64 64.06 64.21 64.35 64.82 percent [+]
MARKETS Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Currency 92.17 93.06 93.98 94.9 95.83 106 [+]
GDP Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
GDP Growth Rate 0.84 0.4 0.6 1 1.3 0.8 percent [+]
GDP Annual Growth Rate 2.30 2 2.2 2.5 2.6 2.4 percent [+]
GDP 26.80 27.29 27.44 27.62 27.8 29.54 USD Billion [+]
GDP Constant Prices 2609.70 2607 2636 2654 2654 2732 USD Million [+]
Gross Fixed Capital Formation 1772.70 1799 1801 1801 1801 1850 USD Million [+]
GDP per capita 3802.90 3843 3910 3875 3886 4180 USD [+]
GDP per capita PPP 7990.00 8200 8200 8123 8145 8400 USD [+]
Gdp From Agriculture 320.00 305 316 320 311 315 USD Million [+]
Gdp From Construction 66.60 64.48 69.6 66.52 66.52 68.17 USD Million [+]
Gdp From Public Administration 134.00 135 135 135 136 137 USD Million [+]
Gdp From Transport 244.10 245 245 245 245 246 USD Million [+]
Gdp From Utilities 16.30 15.7 15.62 16.16 16.28 15.81 USD Million [+]
LABOUR Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Unemployment Rate 7.00 7.3 7.3 7.4 7.4 7 percent [+]
Unemployed Persons 204636.00 181777 181502 178751 175999 185126 [+]
Labor Force Participation Rate 62.20 61.33 61.3 61.13 60.96 60.33 percent [+]
Population 6.13 6.14 6.14 6.15 6.15 6.22 Million [+]
Wages High Skilled 700.00 700 700 700 700 700 SVC/Month [+]
Wages Low Skilled 260.00 260 260 260 260 260 SVC/Month [+]
Youth Unemployment Rate 14.20 11.7 11.06 11.07 11.07 12.39 percent [+]
Living Wage Family 440.70 442 441 441 441 441 SVC/Month [+]
Living Wage Individual 273.30 273 273 273 273 273 SVC/Month [+]
Employed Persons 272702.00 225511 233462 227728 221994 163023 [+]
Employment Rate 44.95 45.19 45.4 45.45 45.49 45.7 percent [+]
PRICES Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Inflation Rate 1.13 1.4 1.5 1.6 1.5 4 percent [+]
Consumer Price Index CPI 111.10 111 112 112 112 116 Index Points [+]
Producer Prices 155.16 154 158 158 158 154 Index Points [+]
Export Prices 115.00 116 116 116 116 116 Index Points [+]
Import Prices 141.20 142 142 142 142 142 Index Points [+]
Inflation Rate Mom -0.10 0.2 0.28 0.28 0.28 0.28 percent [+]
Food Inflation 0.78 0.52 0.83 1.04 1.18 1.33 percent [+]
CPI Transportation 107.23 107 107 107 107 106 Index Points [+]
MONEY Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Interest Rate 4.43 4.5 4.6 4.6 4.6 5.4 percent [+]
Money Supply M0 2.90 2.89 2.87 2.87 2.85 2.82 USD Million [+]
Money Supply M1 3418.50 3447 3444 3444 3444 3444 USD Million [+]
Money Supply M2 10755.10 11162 11189 11212 11231 11319 USD Million [+]
Money Supply M3 12682.80 12919 13072 13214 13342 14058 USD Million [+]
Foreign Exchange Reserves 3263.00 3257 3227 3196 3166 2913 USD Million [+]
Deposit Interest Rate 9.31 9.63 9.31 9.31 9.31 8.82 percent [+]
Loans To Private Sector 11918.90 12016 12149 12271 12383 13107 USD Million [+]
TRADE Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Balance of Trade -324.54 -350 -362 -361 -365 -364 USD Million [+]
Exports 541.53 522 506 524 506 507 USD Million [+]
Imports 866.07 865 866 866 866 866 USD Million [+]
Current Account 6.30 -99.26 -64.77 -0.54 -7.25 -52.82 USD Million [+]
Current Account to GDP -2.00 -3.5 -3.3 -3.61 -3.92 -3.55 percent [+]
Capital Flows 246.94 -268 -185 -4.59 -101 -143 USD Million [+]
Remittances 4270.00 4308 4211 4201 4192 4832 USD Million [+]
Gold Reserves 1.37 1.36 1.36 1.36 1.36 1.36 Tonnes [+]
Terrorism Index 0.00 0 0 0 0 0 [+]
GOVERNMENT Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Government Debt to GDP 64.16 64 64.06 64.21 64.35 64.82 percent [+]
Government Budget -3.43 -3.78 -3.69 -3.58 -3.47 -3.46 percent of GDP [+]
Government Budget Value -114.20 -180 -143 -151 -159 -202 USD Million [+]
Government Spending 850.80 867 871 873 875 908 USD Million [+]
Government Revenues 4387.50 4512 4574 4610 4645 5028 USD Million [+]
Fiscal Expenditure 4501.70 4490 4491 4516 4541 4645 USD Million [+]
Military Expenditure 227.80 228 220 220 221 226 USD Million [+]
BUSINESS Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Industrial Production 1.80 1.67 1.54 1.4 1.34 1.41 percent [+]
Changes in Inventories 0.00 0.2 0.14 0.14 0.14 0.06 USD Million [+]
Steel Production 10.00 9.75 9.68 9.65 9.64 9.64 Thousand Tonnes [+]
Competitiveness Index 3.81 3.79 3.79 3.92 3.96 3.91 Points [+]
Competitiveness Rank 105.00 104 104 104 103 104 [+]
Corruption Index 36.00 37 36 37 37 38 Points [+]
Corruption Rank 95.00 89 92 92 92 94 [+]
Ease of Doing Business 95.00 94 95 97 100 113 [+]
CONSUMER Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Consumer Spending 9396.50 9493 9511 9541 9571 9887 USD Million [+]
Private Sector Credit 12762.60 12850 12986 13111 13227 14035 USD Million [+]
Gasoline Prices 0.76 0.77 0.79 0.78 0.78 0.78 USD/Liter [+]
TAXES Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Corporate Tax Rate 30.00 30 30 30 30 30 percent [+]
Personal Income Tax Rate 30.00 30 30 30 30 30 percent [+]
Sales Tax Rate 13.00 13 13 13 13 13 percent [+]
Social Security Rate 10.50 10.5 10.5 10.5 10.5 10.5 percent [+]
Social Security Rate For Companies 7.50 7.5 7.5 7.5 7.5 7.5 percent [+]
Social Security Rate For Employees 3.00 3 3 3 3 3 percent [+]