The Gross Domestic Product (GDP) in El Salvador expanded 12 percent in the third quarter of 2020 over the previous quarter. source: Central Reserve Bank of El Salvador

GDP Growth Rate in El Salvador averaged 0.67 percent from 1990 until 2020, reaching an all time high of 12 percent in the third quarter of 2020 and a record low of -19 percent in the second quarter of 2020. This page provides the latest reported value for - El Salvador GDP 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 Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.

GDP Growth Rate in El Salvador is expected to be 0.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in El Salvador to stand at 0.50 in 12 months time. In the long-term, the El Salvador GDP Growth Rate is projected to trend around 0.50 percent in 2022 and 0.80 percent in 2023, according to our econometric models.

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El Salvador GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
12.00 -19.00 12.00 -19.00 1990 - 2020 percent Quarterly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-03-31 11:45 PM Q4 0.6% 1.4% 0.3%
2020-07-01 02:00 PM Q1 -0.8% 0.5% -1.2%
2020-10-05 02:30 PM Q2 -19% -1% -16.6%
2021-01-04 11:00 PM Q3 12% -18.4% 8%
2021-03-31 11:45 PM Q4 12%
2021-07-01 02:00 PM Q1
2021-10-05 02:30 PM Q2
2021-12-21 10:00 PM Q3

El Salvador GDP Last Previous Highest Lowest Unit
GDP Growth Rate 12.00 -19.00 12.00 -19.00 percent [+]
GDP Annual Growth Rate -10.20 -20.00 8.10 -20.00 percent [+]
GDP 27.02 26.12 27.02 0.63 USD Billion [+]
GDP Constant Prices 5975.90 5381.70 7089.70 1069.80 USD Million [+]
Gross Fixed Capital Formation 5162.80 5299.50 5299.50 2473.80 USD Million [+]
GDP per capita 3572.40 3507.10 3572.40 2042.53 USD [+]
GDP per capita PPP 8775.99 8615.58 8775.99 5264.66 USD [+]
GDP From Agriculture 348.78 389.16 457.35 168.89 USD Million [+]
GDP From Construction 315.16 243.46 419.41 36.40 USD Million [+]
GDP From Manufacturing 914.36 681.08 1125.75 586.72 USD Million [+]
GDP From Mining 16.28 15.19 27.15 6.16 USD Million [+]
GDP From Public Administration 500.54 485.57 566.85 86.30 USD Million [+]
GDP From Services 694.16 523.83 830.39 394.95 USD Million [+]
GDP From Transport 246.97 258.43 377.00 84.10 USD Million [+]
GDP From Utilities 165.63 157.20 222.47 8.90 USD Million [+]


El Salvador GDP 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.