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 Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Growth Rate -0.10 0.7 0.5 0.6 0.6 0.8 percent
Unemployment Rate 7.00 6.8 6.82 6.85 6.87 7 percent
Inflation Rate 1.50 1.8 2 2.2 2.2 2.6 percent
Interest Rate 4.26 4.25 4.25 4.25 4.5 4.5 percent
Balance of Trade -582.57 -518 -514 -515 -515 -515 USD Million
Government Debt to GDP 74.07 66.5 68 68 68 67 percent
MARKETS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Currency 96.45
 96.06 96.48 96.91 97.33 99.06
GDP Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Growth Rate -0.10
percent		 0.7 0.5 0.6 0.6 0.8
GDP Annual Growth Rate 2.90
percent		 1.8 2.3 2.4 2.3 2.1
GDP 24.81
USD Billion		 25 26 26 26 27
GDP Constant Prices 6587.80
USD Million		 6579 6396 6746 6739 6852
Gross Fixed Capital Formation 3844.65
USD Million		 3914 3933 3937 3933 4076
GDP per capita 3463.54
USD		 3500 3650 3650 3650 3700
GDP per capita PPP 7292.46
USD		 7300 7400 7400 7400 7600
GDP From Agriculture 477.70
USD Million		 364 273 489 489 379
GDP From Construction 350.60
USD Million		 338 333 359 359 352
GDP From Manufacturing 1030.80
USD Million		 1024 1068 1040 1012 1039
GDP From Mining 20.50
USD Million		 15.69 15.64 15.64 15.64 15.64
GDP From Public Administration 440.20
USD Million		 498 392 451 450 518
GDP From Services 861.00
USD Million		 843 833 887 852 949
GDP From Transport 303.70
USD Million		 273 265 311 311 285
GDP From Utilities 153.10
USD Million		 143 131 157 157 148
LABOUR Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 7.00
percent		 6.8 6.82 6.85 6.87 7
Unemployed Persons 208694.00
 193676 190174 186672 183170 181924
Labor Force Participation Rate 61.90
percent		 61.87 61.87 61.87 61.87 61.87
Population 6.38
Million		 6.4 6.44 6.44 6.44 6.47
Wages High Skilled 831.00
SVC/Month		 790 790 820 820 830
Wages Low Skilled 291.00
SVC/Month		 345 345 296 297 370
Youth Unemployment Rate 14.40
percent		 12.69 13.15 13.61 14.07 14.36
Living Wage Family 515.00
SVC/Month		 533 515 504 495 515
Living Wage Individual 325.00
SVC/Month		 324 325 325 325 325
Employed Persons 275209.00
 269442 270659 271877 273095 273674
Employment Rate 44.98
percent		 44.29 44.18 44.06 43.95 42.97
PRICES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Inflation Rate 1.50
percent		 1.8 2 2.2 2.2 2.6
Consumer Price Index CPI 113.02
Index Points		 114 114 115 115 120
Producer Prices 115.61
Index Points		 116 117 117 118 120
Producer Prices Change 1.76
percent		 2 1.8 1.8 1.7 1.8
Inflation Rate Mom 0.23
percent		 0.1 0.1 0.2 0.2 0.1
Food Inflation 0.86
percent		 0.9 1.2 1.4 1.7 2
Core Consumer Prices 105.83
Index Points		 106 106 106 106 106
Core Inflation Rate 0.22
percent		 0.21 0.19 0.18 0.18 0.17
Cpi Housing Utilities 140.49
Index Points		 137 137 139 141 143
CPI Transportation 112.15
Index Points		 111 111 115 114 117
MONEY Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Interest Rate 4.26
percent		 4.25 4.25 4.25 4.5 4.5
Money Supply M0 2.60
USD Million		 2.61 2.62 2.62 2.63 2.66
Money Supply M1 3660.47
USD Million		 3705 3705 3705 3705 3705
Money Supply M2 12742.10
USD Million		 12968 13075 13181 13280 13885
Money Supply M3 13788.09
USD Million		 14001 14111 14219 14316 14880
Foreign Exchange Reserves 3499.80
USD Million		 3488 3489 3492 3493 3493
Loans To Private Sector 12712.40
USD Million		 12891 13056 13210 13353 14269
TRADE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Balance of Trade -582.57
USD Million		 -518 -514 -515 -515 -515
Exports 463.52
USD Million		 484 486 486 487 487
Imports 1046.10
USD Million		 1004 999 1001 1001 1001
Current Account -250.89
USD Million		 -80 50 -110 -260 -200
Current Account to GDP -2.10
percent		 -3.59 -3.25 -3.55 -3.55 -2.78
Capital Flows -87.80
USD Million		 -250 -100 -70 -165 -190
Remittances 464.86
USD Million		 440 458 452 451 510
Gold Reserves 1.40
Tonnes		 1.4 1.4 1.4 1.4 1.4
Terrorism Index 0.00
 0 0 0 0 0
Foreign Direct Investment 238.80
USD Million		 145 124 110 109 103
External Debt 16308.83
USD Million		 16616 16721 16858 17005 18236
GOVERNMENT Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Government Debt to GDP 74.07
percent		 66.5 68 68 68 67
Government Budget -0.10
percent of GDP		 -1.3 -1.5 -1.5 -1.5 -1.2
Government Budget Value -16.60
USD Million		 -62.63 -46.96 -62.63 -78.3 -0.63
Government Spending 3923.80
USD Million		 3994 4014 4018 4014 4160
Government Revenues 4781.50
USD Million		 4923 4955 4987 5019 5421
Fiscal Expenditure 4798.00
USD Million		 4954 5002 5050 5098 5422
Military Expenditure 245.00
USD Million		 252 251 251 250 253
BUSINESS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Industrial Production 1.53
percent		 1.7 2 -0.9 1.6 2.4
Changes in Inventories 344.85
USD Million		 330 -80 -80 -80 265
Internet Speed 3028.79
KBps		 3025 3022 3023 3022 3022
IP Addresses 185509.00
IP		 204225 205102 204615 204258 204275
Steel Production 10.00
Thousand Tonnes		 9.79 9.73 9.71 9.7 9.7
Leading Economic Index 2.20
percent		 2.6 2.4 2.4 2.3 2.4
Competitiveness Index 52.82
Points		 53.32 53.32 53.32 53.32 55.82
Competitiveness Rank 98.00
 98 98 98 98 98
Ease of Doing Business 85.00
 85 96 101 106 116
Corruption Index 33.00
Points		 33 33 33 33 33
Corruption Rank 112.00
 112 112 112 112 112
CONSUMER Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Consumer Spending 20976.59
USD Million		 21354 21459 21480 21459 22239
Private Sector Credit 13556.00
USD Million		 13725 13888 14041 14186 15173
Gasoline Prices 0.92
USD/Liter		 0.91 0.89 0.87 0.86 0.8
TAXES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Personal Income Tax Rate 30.00
percent		 30 30 30 30 30
Corporate 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 10.5 10.5
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 Q4/18 Q1/19 Q2/19 Q3/19 2020
Precipitation 18.74
mm		 102 14.07 146 146 157
Temperature 24.47
celsius		 23.98 24.75 25.55 25.55 25.51



El Salvador - Economic Forecasts - 2018-2020 Outlook