The Gross Domestic Product (GDP) in El Salvador contracted 2.30 percent in the second quarter of 2021 over the previous quarter. source: Central Reserve Bank of El Salvador

GDP Growth Rate in El Salvador averaged 0.77 percent from 1990 until 2021, reaching an all time high of 13.20 percent in the third quarter of 2020 and a record low of -19.50 percent in the second quarter of 2020. This page provides the latest reported value for - El Salvador GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. El Salvador GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.

GDP Growth Rate in El Salvador is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the El Salvador GDP Growth Rate is projected to trend around 1.00 percent in 2022 and 0.80 percent in 2023, according to our econometric models.

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El Salvador GDP Growth Rate

Calendar GMT Actual Previous Consensus TEForecast
2021-07-01 02:00 PM Q1 3.7% 9.0% 2%
2021-10-05 01:10 PM Q2 -2.3% 3.6% 2%
2021-12-23 10:00 PM Q3 -2.3%

Related Last Previous Unit Reference
GDP Growth Rate -2.30 3.60 percent Jun/21
GDP Annual Growth Rate 24.10 2.80 percent Jun/21
GDP Constant Prices 7059.80 6759.60 USD Million Jun/21
Gross Fixed Capital Formation 4411.86 4539.88 USD Million Dec/20
GDP From Utilities 184.96 159.77 USD Million Jun/21
GDP From Transport 344.28 261.30 USD Million Jun/21
GDP From Services 789.71 755.17 USD Million Jun/21
GDP From Public Administration 562.92 487.53 USD Million Jun/21
GDP From Mining 21.78 30.39 USD Million Jun/21
GDP From Manufacturing 1044.69 1119.59 USD Million Jun/21
GDP From Construction 348.33 363.23 USD Million Jun/21
GDP From Agriculture 393.07 252.85 USD Million Jun/21
El Salvador GDP Growth Rate
The most important sector of El Salvador economy is services which accounts for 66 percent of total GDP, including internal trade (14 percent); real estate activities (8 percent); public administration (8 percent); finance and insurance (7 percent) and education (5 percent). Industry constitutes 27 percent of total wealth, with the largest shares for manufacturing (18 percent), construction (6 percent) and utilities (3 percent). Also, agriculture, livestock, forestry and fishing sector accounts for 6 percent of GDP. On the expenditure side, household consumption is the main component of GDP (85 percent), followed by gross fixed capital formation and government spending (16 percent each). Exports of goods and services represent 28 percent of GDP while imports account for 45 percent, subtracting 17 percent of total GDP.