The economy of El Salvador advanced 1.8% year-on-year in the second quarter of 2019, following an upwardly revised 2.5% expansion in the prior period. It is the weakest growth since Q2 2017, amid slower rises in manufacturing (0.7% vs 1.1% in Q1); electricity supply (3.9% vs 10.8%); construction (8.2% vs 9.3%); wholesale & retail trade (2% vs 2.1%) and transport & storage (1.5% vs 1.6%). In addition, output shrank in professional, scientific and technical activities (-12.2% vs 4.6%); health & social assistance (-1.1% vs 4.2%) and public administration (-1.4% vs 2.2%). In contrast, the best performing sectors were finance & insurance (4.5%, the same pace as in Q1); food & accommodation services (5.5% vs 2.6%); mining (3.9% vs 2.2%); water supply (4.5% vs -1.8%); real estate activities (3.4% vs 2.7%); administrative services (3.7% vs 3.4%) and agriculture (1.4% vs -0.4%). On a seasonally adjusted quarter basis, the GDP went up 0.3%, after an upwardly revised 0.2% rise in Q1. GDP Annual Growth Rate in El Salvador averaged 3.09 percent from 1991 until 2019, 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 2.10 in 12 months time. In the long-term, the El Salvador GDP Annual Growth Rate is projected to trend around 2.10 percent in 2020, according to our econometric models.

El Salvador GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-21 07:00 PM GDP Growth Rate YoY Q3 2.2% 2.8% 2.2%
2019-03-29 05:00 PM GDP Growth Rate YoY Q4 2.2% 2.2% 2.9%
2019-06-28 10:55 PM GDP Growth Rate YoY Q1 2.3% 2.2% 2.4%
2019-09-30 10:00 PM GDP Growth Rate YoY Q2 1.8% 2.5% 1.7%
2019-12-20 10:00 PM GDP Growth Rate YoY Q3 2.0% 2.1%


El Salvador GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.30 0.20 3.60 -3.50 percent [+]
GDP Annual Growth Rate 1.80 2.50 8.10 -2.60 percent [+]
GDP 26.06 24.93 26.06 0.63 USD Billion [+]
GDP Constant Prices 6716.30 6427.90 6903.90 1069.80 USD Million [+]
Gross Fixed Capital Formation 4288.00 3879.60 4288.00 2394.70 USD Million [+]
GDP per capita 3511.36 3441.95 3511.36 1678.90 USD [+]
GDP per capita PPP 7392.90 7246.76 7392.90 4511.99 USD [+]
GDP From Agriculture 371.63 246.07 457.35 168.90 USD Million [+]
GDP From Construction 378.73 356.35 378.73 36.40 USD Million [+]
GDP From Manufacturing 1067.30 1115.40 1115.40 586.70 USD Million [+]
GDP From Mining 21.10 26.50 26.50 6.20 USD Million [+]
GDP From Public Administration 496.00 444.30 573.40 86.30 USD Million [+]
GDP From Services 807.10 716.10 833.90 395.00 USD Million [+]
GDP From Transport 351.50 282.20 377.00 84.10 USD Million [+]
GDP From Utilities 197.30 211.40 222.50 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 October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
1.80 2.50 8.10 -2.60 1991 - 2019 percent Quarterly




Country Last Previous
China 6.20 Jun/19
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United States 2.30 Jun/19
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Spain 2.00 Jun/19
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Germany 0.40 Jun/19
Switzerland 0.20 Jun/19
Singapore 0.10 Sep/19
Italy -0.10 Jun/19
Mexico -0.80 Jun/19
Turkey -1.50 Jun/19


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