El Salvador recorded a Current Account deficit of 2.10 percent of the country's Gross Domestic Product in 2019.

Current Account to GDP in El Salvador averaged -3.62 percent from 1990 until 2019, reaching an all time high of -0.20 percent in 1994 and a record low of -8.50 percent in 2008. This page provides - El Salvador Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. El Salvador Current Account to GDP - values, historical data and charts - was last updated on June of 2020.

Current Account to GDP in El Salvador is expected to reach -2.60 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the El Salvador Current Account to GDP is projected to trend around -3.00 percent in 2021 and -3.80 percent in 2022, according to our econometric models.

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El Salvador Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-2.10 -4.70 -0.20 -8.50 1990 - 2019 percent Yearly

El Salvador Trade Last Previous Highest Lowest Unit
Balance of Trade -431.06 -469.50 -14.62 -594.17 USD Million [+]
Current Account -63.65 -191.00 79.07 -1130.00 USD Million [+]
Current Account to GDP -2.10 -4.70 -0.20 -8.50 percent [+]
Imports 659.35 908.23 1123.58 90.99 USD Million [+]
Exports 228.29 438.72 560.10 47.70 USD Million [+]
Capital Flows -287.22 248.96 924.80 -692.81 USD Million [+]
Remittances 287.26 439.58 550.90 53.10 USD Million [+]
Gold Reserves 1.37 1.37 14.59 1.37 Tonnes [+]
Foreign Direct Investment 283.26 5.02 714.80 -275.54 USD Million [+]
External Debt 17410.35 17858.90 17858.90 7620.97 USD Million [+]
Terrorism Index 0.00 0.00 0.00 0.00 [+]


El Salvador Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.