The GDP of El Salvador rose 2.7% in the first quarter of 2022, slowing from a 3.7% expansion in the previous period, benefitting from stronger demand conditions abroad. More specifically, exports of goods and services jumped 14.3% (vs 1.6% in Q4 2021), while imports went up 10.6% (vs 19.9%). Also, domestic demand was more robust on the back of private consumption (5.4% vs 8.0%) and a smaller contribution from public expenditure (2.5% vs 6.1%). Lastly, gross fixed capital formation fell for the first time since the third quarter of 2020 (-3.3% vs 6.6%). source: Central Reserve Bank of El Salvador
GDP Annual Growth Rate in El Salvador averaged 2.98 percent from 1991 until 2022, 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 July 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.