The Gross Domestic Product (GDP) in El Salvador expanded 1.10 percent in the third quarter of 2019 over the previous quarter. El Salvador GDP Growth Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

GDP Growth Rate in El Salvador averaged 0.76 percent from 1990 until 2019, reaching an all time high of 3.60 percent in the second quarter of 2005 and a record low of -3.50 percent in the first quarter of 2007. 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.

GDP Growth Rate in El Salvador is expected to be 0.60 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 0.80 in 12 months time. In the long-term, the El Salvador GDP Growth Rate is projected to trend around 0.80 percent in 2021, according to our econometric models.

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El Salvador GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.10 0.20 3.60 -3.50 1990 - 2019 percent Quarterly

Calendar GMT Actual Previous Consensus TEForecast
2019-03-29 05:00 PM Q4 1.1% 0.6% 0.7%
2019-06-28 10:55 PM Q1 0.0% 1.1% 0.4%
2019-09-30 10:00 PM Q2 0.3% 0.2% 0.8%
2019-12-23 11:30 PM Q3 1.1% 0.2% 1.1%
2020-03-31 05:00 PM Q4 1.1% 0.5%
2020-06-29 10:55 PM Q1 0.6%
2020-09-30 10:00 PM Q2
2020-12-21 10:00 PM Q3 0.4%

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.