The economy of El Salvador expanded 3.7 percent in the fourth quarter of 2021, easing from a 11.6 percent jump in the previous period, as the effects of a lower base of comparison started to fade. It was the weakest growth rate since the first quarter of 2021 amid a slowdown in household consumption (7.8 percent vs 16.9 percent), government spending (6.1 percent vs 10.3 percent), and fixed investment (6.6 percent vs 20.3 percent). Also, net exports contributed negatively to the GDP as imports jumped 19.9 percent, while exports advanced at a slower 1.6 percent. source: Central Reserve Bank of El Salvador
GDP Annual Growth Rate in El Salvador averaged 2.99 percent from 1991 until 2021, reaching an all time high of 26.46 percent in the second quarter of 2021 and a record low of -19.76 percent in the second quarter of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.
GDP Annual Growth Rate in El Salvador is expected to be 8.30 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 Annual Growth Rate is projected to trend around 2.40 percent in 2023, according to our econometric models.