The economy of El Salvador shrank 19 percent on quarter in the three months to June 2020, following an upwardly revised 1 percent contraction in the previous period, amid the coronavirus crisis. source: Central Reserve Bank of El Salvador

GDP Growth Rate in El Salvador averaged 0.58 percent from 1990 until 2020, reaching an all time high of 3.90 percent in the second quarter of 2005 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 November of 2020.

GDP Growth Rate in El Salvador is expected to be 1.10 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 2021 and 0.80 percent in 2022, according to our econometric models.

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El Salvador GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-19.00 -1.00 3.90 -19.00 1990 - 2020 percent Quarterly
SA


Calendar GMT Actual Previous Consensus TEForecast
2019-12-23 11:30 PM Q3 1.1% 0.2% 1.1%
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%
2020-12-21 10:00 PM Q3 -19% 8%
2021-03-31 11:45 PM Q4
2021-07-01 02:00 PM Q1
2021-10-05 02:30 PM Q2

El Salvador GDP Last Previous Highest Lowest Unit
GDP Growth Rate -19.00 -1.00 3.90 -19.00 percent [+]
GDP Annual Growth Rate -19.40 1.00 8.10 -19.40 percent [+]
GDP 27.02 26.12 27.02 0.63 USD Billion [+]
GDP Constant Prices 5381.70 6520.60 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 389.16 264.88 457.35 168.89 USD Million [+]
GDP From Construction 243.46 377.21 419.41 36.40 USD Million [+]
GDP From Manufacturing 681.08 1089.78 1125.75 586.72 USD Million [+]
GDP From Mining 15.19 26.89 27.15 6.16 USD Million [+]
GDP From Public Administration 485.57 452.12 566.85 86.30 USD Million [+]
GDP From Services 523.83 707.89 830.39 394.95 USD Million [+]
GDP From Transport 258.43 285.74 377.00 84.10 USD Million [+]
GDP From Utilities 157.20 184.21 222.47 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.