The economy of El Salvador advanced 2.8 percent year-on-year in the fourth quarter of 2019, after a downwardly revised 2.9 percent expansion in Q3. A slowdown was seen in real estate (2.8 percent vs 2.9 percent in Q3); utilities (7.5 percent vs 11.1 percent); agriculture, forestry & fishing (3.9 percent vs 6 percent); mining & quarrying (3.9 percent vs 10.4 percent); hotels & restaurants (3.6 percent vs 3.9 percent); education (0.3 percent vs 0.9 percent) and health (1.7 percent vs 3.6 percent). Also, information & communication shrank 0.9 percent (vs -0.5 percent in Q3); and public administration & defense contracted 1.3 percent (vs -0.6 percent in Q3). Meanwhile, output growth accelerated in manufacturing (2.3 percent vs 0.9 percent); construction (13.1 percent vs 11.8 percent); and transport (5.8 percent vs 4.1 percent). On a quarterly basis, the GDP rose 0.6 percent, after growing 1.4 percent in Q3. Considering full 2019, the economy grew 2.4 percent.
GDP Annual Growth Rate in El Salvador averaged 3.09 percent from 1991 until 2019, reaching an all time high of 8.10 percent in the second quarter of 1995 and a record low of -2.60 percent in the third quarter of 2009. This page provides the latest reported value for - El Salvador GDP Annual 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 Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on April of 2020.
GDP Annual Growth Rate in El Salvador is expected to be -2.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in El Salvador to stand at -2.10 in 12 months time. In the long-term, the El Salvador GDP Annual Growth Rate is projected to trend around 1.50 percent in 2021 and 1.90 percent in 2022, according to our econometric models.