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 Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate 1.70 -0.2 0.2 1.3 1 0.8 percent [+]
Unemployment Rate 7.00 7.3 7.3 7.3 7.4 7 percent [+]
Inflation Rate 0.86 1.3 1.4 1.5 1.6 4 percent [+]
Interest Rate 4.47 4.5 4.5 4.6 4.6 5.4 percent [+]
Balance of Trade -350.14 -396 -368 -376 -372 -374 USD Million [+]
Government Debt to GDP 64.16 63.94 64 64.06 64.21 64.82 percent [+]
MARKETS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Currency 8.72 8.81 8.89 9.16 9.07 10.46 [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate 1.70 -0.2 0.2 1.3 1 0.8 percent [+]
GDP Annual Growth Rate 2.57 2.6 2.7 2.6 2.5 2.4 percent [+]
GDP 25.85 26.89 26.2 26.32 26.47 28.27 USD Billion [+]
GDP Constant Prices 2588.00 2617 2618 2641 2664 2746 USD Million [+]
Gross Fixed Capital Formation 1773.60 1718 1757 1795 1802 1870 USD Million [+]
GDP per capita 3853.11 3910 3893 3910 3931 4180 USD [+]
GDP per capita PPP 8095.56 8200 8200 8200 8256 8400 USD [+]
Gdp From Agriculture 314.90 311 307 319 324 318 USD Million [+]
Gdp From Construction 70.20 67.12 65.59 70.45 68.08 69.42 USD Million [+]
Gdp From Public Administration 132.70 135 134 134 135 136 USD Million [+]
Gdp From Transport 243.90 245 246 246 246 248 USD Million [+]
Gdp From Utilities 15.50 16.25 15.49 15.41 15.8 15.39 USD Million [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 7.00 7.3 7.3 7.3 7.4 7 percent [+]
Unemployed Persons 200934.00 176257 169200 162143 158470 183426 [+]
Labor Force Participation Rate 62.79 63.19 63.24 63.3 63.17 62.79 percent [+]
Population 6.13 6.13 6.14 6.14 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 14.40 14.56 14.63 14.7 14.66 14.6 percent [+]
Living Wage Family 440.70 441 442 441 441 441 SVC/Month [+]
Living Wage Individual 273.30 273 273 273 273 273 SVC/Month [+]
Employed Persons 200934.00 176257 169200 162143 158470 183426 [+]
Employment Rate 44.40 44.33 44.41 44.48 44.49 44.55 percent [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 0.86 1.3 1.4 1.5 1.6 4 percent [+]
Consumer Price Index CPI 111.00 111 111 112 112 116 Index Points [+]
Producer Prices 157.14 157 157 158 158 157 Index Points [+]
Export Prices 115.00 115 115 115 115 115 Index Points [+]
Import Prices 143.70 144 144 144 144 144 Index Points [+]
Inflation Rate Mom 0.10 0.03 0.06 0.06 0.06 0.06 percent [+]
Food Inflation -0.42 -0.07 0.1 0.21 0.18 0.2 percent [+]
Cpi Transportation 106.32 107 107 107 107 107 Index Points [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate 4.47 4.5 4.5 4.6 4.6 5.4 percent [+]
Money Supply M0 3.60 2.86 2.8 2.73 2.69 2.44 USD Million [+]
Money Supply M1 3253.40 3274 3274 3274 3274 3274 USD Million [+]
Money Supply M2 10755.10 11129 11162 11189 11212 11319 USD Million [+]
Money Supply M3 11611.90 12047 12086 12119 12147 12283 USD Million [+]
Foreign Exchange Reserves 3256.00 3175 3140 3128 3126 3125 USD Million [+]
Deposit Interest Rate 9.31 9.95 9.63 9.31 9.31 8.82 percent [+]
Loans To Private Sector 11676.80 11785 11884 11975 12057 12590 USD Million [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade -350.14 -396 -368 -376 -372 -374 USD Million [+]
Exports 550.91 483 473 471 470 470 USD Million [+]
Imports 901.06 842 839 839 839 839 USD Million [+]
Current Account -87.68 -53.35 -128 -81.07 -76.92 -83.18 USD Million [+]
Current Account to GDP -3.60 -4.56 -4.61 -4.65 -4.84 -4.49 percent [+]
Capital Flows -266.90 -100 -227 -195 -160 -174 USD Million [+]
Remittances 4270.00 4405 4308 4211 4201 4832 USD Million [+]
Gold Reserves 1.37 1.35 1.35 1.35 1.35 1.35 Tonnes [+]
Terrorism Index 0.00 0 0 0 0 0 [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 64.16 63.94 64 64.06 64.21 64.82 percent [+]
Government Budget -3.43 -3.87 -3.78 -3.69 -3.58 -3.46 percent of GDP [+]
Government Budget Value -114.20 -217 -180 -143 -151 -202 USD Million [+]
Government Spending 837.00 852 853 854 859 921 USD Million [+]
Government Revenues 4387.50 4450 4512 4574 4610 5028 USD Million [+]
Fiscal Expenditure 4501.70 4489 4490 4491 4516 4645 USD Million [+]
Military Expenditure 225.80 228 228 229 227 220 USD Million [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Industrial Production 1.00 0.31 0.36 0.35 0.3 0.28 percent [+]
Changes in Inventories 0.00 0.68 0.53 0.38 0.37 0.09 USD Million [+]
Steel Production 8.00 8.76 9.17 9.24 9.27 9.3 Thousand Tonnes [+]
Competitiveness Index 3.81 3.79 3.79 3.79 3.96 3.91 Points [+]
Competitiveness Rank 105.00 104 104 104 103 104 [+]
Corruption Index 36.00 37 37 36 37 38 Points [+]
Corruption Rank 95.00 86 89 92 92 94 [+]
Ease of Doing Business 95.00 94 94 95 97 113 [+]
CONSUMER Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Consumer Spending 9285.20 9356 9388 9420 9451 9927 USD Million [+]
Private Sector Credit 12499.70 12631 12740 12842 12936 13609 USD Million [+]
Gasoline Prices 0.78 0.77 0.77 0.77 0.77 0.77 USD/Liter [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 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 [+]