El Salvador’s GDP expanded 2.2 percent year-on-year in the third quarter of 2018 from an downwardly revised 2.8 percent in the previous quarter. Output slowed mostly in: mining & quarrying (3.8% vs 8.6% in Q2); manufacturing (2.3% vs 3.1%); utilities (0.5% vs 1.1%); construction (5.0% vs 8.2%); retail trade (2.1% vs 3.1%) and professional, scientific and technical activities (4.3% vs 7.5%). On the expenditure side, household consumption rose less (3.6% vs 4.5%) and net externa demand contributed negatively to growth, as exports fell 0.7 percent (vs 5.2% in Q2) while imports surged 4.7 percent (vs 5.8% in Q2). In contrast, faster growth was seen for both government spending (4.1% vs 2.8%) and fixed investment (12.3% vs 6.5%). On a quarterly basis, the economy rose 1.0 percent, following a 0.1 percent contraction in Q2. GDP Annual Growth Rate in El Salvador averaged 3.13 percent from 1991 until 2018, reaching an all time high of 8.10 percent in the second quarter of 1995 and a record low of -2.60 percent in the third quarter of 2009.

GDP Annual Growth Rate in El Salvador is expected to be 2.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in El Salvador to stand at 1.70 in 12 months time. In the long-term, the El Salvador GDP Annual Growth Rate is projected to trend around 2.00 percent in 2020, according to our econometric models.

El Salvador GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-03-26 01:45 PM GDP Growth Rate YoY 2.45% 3.18% 3.0%
2018-06-29 11:00 PM GDP Growth Rate YoY 2.92% 2.45% 2.2%
2018-09-28 10:45 PM GDP Growth Rate YoY 2.52% 3.15% 2.6%
2018-12-21 07:00 PM GDP Growth Rate YoY 2.2% 2.8% 2.2%
2019-03-29 05:00 PM GDP Growth Rate YoY 2.2% 2.3%
2019-06-28 11:00 PM GDP Growth Rate YoY 1.9%
2019-09-27 10:45 PM GDP Growth Rate YoY 2.3%


El Salvador GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.00 -0.10 3.10 -3.40 percent [+]
GDP Annual Growth Rate 2.20 2.80 8.10 -2.60 percent [+]
GDP 24.81 23.91 24.81 0.63 USD Billion [+]
GDP Constant Prices 6484.50 6589.40 6589.40 1069.80 USD Million [+]
Gross Fixed Capital Formation 3844.65 3684.29 3855.94 2394.72 USD Million [+]
GDP per capita 3463.54 3402.60 3463.54 1678.90 USD [+]
GDP per capita PPP 7292.46 7164.14 7292.46 4544.59 USD [+]
GDP From Agriculture 391.60 476.50 476.50 168.90 USD Million [+]
GDP From Construction 350.60 325.50 350.60 36.40 USD Million [+]
GDP From Manufacturing 1011.80 1028.20 1074.80 586.70 USD Million [+]
GDP From Mining 14.20 20.50 23.80 6.20 USD Million [+]
GDP From Public Administration 431.20 440.20 489.90 86.30 USD Million [+]
GDP From Services 823.70 861.00 861.00 395.00 USD Million [+]
GDP From Transport 279.00 303.70 377.00 84.10 USD Million [+]
GDP From Utilities 164.80 158.60 222.50 8.90 USD Million [+]


El Salvador GDP Annual 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. This page provides the latest reported value for - El Salvador GDP Annual 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 Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.20 2.80 8.10 -2.60 1991 - 2018 percent Quarterly




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