This page has economic forecasts for El Salvador including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the El Salvador economy.


Overview Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Growth Rate -0.10 0.7 0.5 0.6 0.6 0.8 percent
Unemployment Rate 7.00 6.8 6.82 6.85 6.87 7 percent
Inflation Rate 1.49 1.8 2 2.2 2.2 2.6 percent
Interest Rate 4.26 4.25 4.25 4.25 4.5 4.5 percent
Balance of Trade -582.57 -518 -514 -515 -515 -515 USD Million
Government Debt to GDP 74.07 66.5 68 68 68 67 percent
MARKETS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Currency 97.46
96.06 96.48 96.91 97.33 99.06
GDP Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Growth Rate -0.10
percent
0.7 0.5 0.6 0.6 0.8
GDP Annual Growth Rate 2.90
percent
1.8 2.3 2.4 2.3 2.1
GDP 24.81
USD Billion
25 26 26 26 27
GDP Constant Prices 6587.80
USD Million
6579 6396 6746 6739 6852
Gross Fixed Capital Formation 3844.65
USD Million
3914 3933 3937 3933 4076
GDP per capita 3463.54
USD
3500 3650 3650 3650 3700
GDP per capita PPP 7292.46
USD
7300 7400 7400 7400 7600
GDP From Agriculture 477.70
USD Million
364 273 489 489 379
GDP From Construction 350.60
USD Million
338 333 359 359 352
GDP From Manufacturing 1030.80
USD Million
1024 1068 1040 1012 1039
GDP From Mining 20.50
USD Million
15.69 15.64 15.64 15.64 15.64
GDP From Public Administration 440.20
USD Million
498 392 451 450 518
GDP From Services 861.00
USD Million
843 833 887 852 949
GDP From Transport 303.70
USD Million
273 265 311 311 285
GDP From Utilities 153.10
USD Million
143 131 157 157 148
LABOUR Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 7.00
percent
6.8 6.82 6.85 6.87 7
Unemployed Persons 208694.00
193676 190174 186672 183170 181924
Labor Force Participation Rate 61.90
percent
61.87 61.87 61.87 61.87 61.87
Population 6.38
Million
6.4 6.44 6.44 6.44 6.47
Wages High Skilled 831.00
SVC/Month
790 790 820 820 830
Wages Low Skilled 291.00
SVC/Month
345 345 296 297 370
Youth Unemployment Rate 14.40
percent
12.69 13.15 13.61 14.07 14.36
Living Wage Family 515.00
SVC/Month
533 515 504 495 515
Living Wage Individual 325.00
SVC/Month
324 325 325 325 325
Employed Persons 275209.00
269442 270659 271877 273095 273674
Employment Rate 44.98
percent
44.29 44.18 44.06 43.95 42.97
PRICES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Inflation Rate 1.49
percent
1.8 2 2.2 2.2 2.6
Consumer Price Index CPI 113.02
Index Points
114 114 115 115 120
Producer Prices 115.61
Index Points
116 117 117 118 120
Producer Prices Change 1.76
percent
2 1.8 1.8 1.7 1.8
Inflation Rate Mom 0.00
percent
0.1 0.1 0.2 0.2 0.1
Food Inflation 1.40
percent
0.9 1.2 1.4 1.7 2
Core Consumer Prices 105.87
Index Points
106 106 106 106 106
Core Inflation Rate 0.25
percent
0.31 0.35 0.37 0.39 0.42
Cpi Housing Utilities 140.49
Index Points
137 137 139 141 143
CPI Transportation 112.15
Index Points
111 111 115 114 117
MONEY Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Interest Rate 4.26
percent
4.25 4.25 4.25 4.5 4.5
Money Supply M0 2.60
USD Million
2.61 2.62 2.62 2.63 2.66
Money Supply M1 3660.47
USD Million
3705 3705 3705 3705 3705
Money Supply M2 12742.10
USD Million
12968 13075 13181 13280 13885
Money Supply M3 13788.09
USD Million
14001 14111 14219 14316 14880
Foreign Exchange Reserves 3499.80
USD Million
3488 3489 3492 3493 3493
Loans To Private Sector 12712.40
USD Million
12891 13056 13210 13353 14269
TRADE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Balance of Trade -582.57
USD Million
-518 -514 -515 -515 -515
Exports 463.52
USD Million
484 486 486 487 487
Imports 1046.10
USD Million
1004 999 1001 1001 1001
Current Account -250.89
USD Million
-80 50 -110 -260 -200
Current Account to GDP -2.10
percent
-3.59 -3.25 -3.55 -3.55 -2.78
Capital Flows -87.80
USD Million
-250 -100 -70 -165 -190
Remittances 435.32
USD Million
440 455 450 449 510
Gold Reserves 1.40
Tonnes
1.4 1.4 1.4 1.4 1.4
Terrorism Index 0.00
0 0 0 0 0
Foreign Direct Investment 238.80
USD Million
145 124 110 109 103
External Debt 16308.83
USD Million
16616 16721 16858 17005 18236
GOVERNMENT Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Government Debt to GDP 74.07
percent
66.5 68 68 68 67
Government Budget -0.10
percent of GDP
-1.3 -1.5 -1.5 -1.5 -1.2
Government Budget Value -16.60
USD Million
-62.63 -46.96 -62.63 -78.3 -0.63
Government Spending 3923.80
USD Million
3994 4014 4018 4014 4160
Government Revenues 4781.50
USD Million
4923 4955 4987 5019 5421
Fiscal Expenditure 4798.00
USD Million
4954 5002 5050 5098 5422
Military Expenditure 245.00
USD Million
252 251 251 250 253
BUSINESS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Industrial Production 2.85
percent
3.1 3.2 2.8 2.44 2.7
Changes in Inventories 344.85
USD Million
330 -80 -80 -80 265
Internet Speed 3028.79
KBps
3025 3022 3023 3022 3022
IP Addresses 185509.00
IP
204225 205102 204615 204258 204275
Steel Production 10.00
Thousand Tonnes
9.79 9.73 9.71 9.7 9.7
Leading Economic Index 2.20
percent
2.6 2.4 2.4 2.3 2.4
Competitiveness Index 52.82
Points
53.32 53.32 53.32 53.32 55.82
Competitiveness Rank 98.00
98 98 98 98 98
Ease of Doing Business 85.00
85 96 101 106 116
Corruption Index 33.00
Points
33 33 33 33 33
Corruption Rank 112.00
112 112 112 112 112
CONSUMER Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Consumer Spending 20976.59
USD Million
21354 21459 21480 21459 22239
Private Sector Credit 13556.00
USD Million
13725 13888 14041 14186 15173
Gasoline Prices 0.92
USD/Liter
0.79 0.75 0.71 0.66 0.56
TAXES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Personal Income Tax Rate 30.00
percent
30 30 30 30 30
Corporate Tax Rate 30.00
percent
30 30 30 30 30
Sales Tax Rate 13.00
percent
13 13 13 13 13
Social Security Rate 10.50
percent
10.5 10.5 10.5 10.5 10.5
Social Security Rate For Companies 7.50
percent
7.5 7.5 7.5 7.5 7.5
Social Security Rate For Employees 3.00
percent
3 3 3 3 3
CLIMATE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Precipitation 18.74
mm
102 14.07 146 146 157
Temperature 24.47
celsius
23.98 24.75 25.55 25.55 25.51



El Salvador - Economic Forecasts - 2018-2020 Outlook