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.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
El Salvador GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.80 2.90 8.10 -2.60 1991 - 2019 percent Quarterly
GDP Annual Growth Rate by Country


Calendar GMT Actual Previous Consensus TEForecast
2019-06-28 10:55 PM Q1 2.3% 2.2% 2.4%
2019-09-30 10:00 PM Q2 1.8% 2.5% 1.7%
2019-12-23 11:30 PM Q3 2.7% 1.9% 2.9%
2020-03-31 11:45 PM Q4 3% 3% 1.9%
2020-06-29 10:55 PM Q1 2.8% -2.9%
2020-09-30 10:00 PM Q2 -2.6%
2020-12-21 10:00 PM Q3 -2.3%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
El Salvador GDP Growth Slows in Q4
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.
2020-03-31
El Salvador GDP Growth Accelerates
The economy of El Salvador advanced 2.7% year-on-year in the third quarter of 2019, following a 1.9% expansion in the prior period. It is the fastest growth in five quarters, nudged mainly by agriculture (2.2% vs 1.9% in Q2), mining (6.8% vs 4.3%), utilities (11.8% vs 5.6%), construction (12.5% vs 6.6%), commercial services (2.0% vs 1.8%), transport (2.2% vs 1.0%), and health services (2.4% vs 1.6%). In contrast, manufacturing (1.2% vs 1.7%) and information & communication services (0.5% vs 1.1%) lost steam. On a seasonally adjusted quarter basis, the GDP went up 1.1%, after a 0.3% rise in Q2.
2019-12-24
El Salvador Annual GDP Growth Slowest since 2017
The economy of El Salvador advanced 1.8% year-on-year in the second quarter of 2019, following an upwardly revised 2.5% expansion in the prior period. It is the weakest growth since Q2 2017, amid slower rises in manufacturing (0.7% vs 1.1% in Q1); electricity supply (3.9% vs 10.8%); construction (8.2% vs 9.3%); wholesale & retail trade (2% vs 2.1%) and transport & storage (1.5% vs 1.6%). In addition, output shrank in professional, scientific and technical activities (-12.2% vs 4.6%); health & social assistance (-1.1% vs 4.2%) and public administration (-1.4% vs 2.2%). In contrast, the best performing sectors were finance & insurance (4.5%, the same pace as in Q1); food & accommodation services (5.5% vs 2.6%); mining (3.9% vs 2.2%); water supply (4.5% vs -1.8%); real estate activities (3.4% vs 2.7%); administrative services (3.7% vs 3.4%) and agriculture (1.4% vs -0.4%). On a seasonally adjusted quarter basis, the GDP went up 0.3%, after an upwardly revised 0.2% rise in Q1.
2019-09-30
El Salvador Economy Expands 2.3% YoY in Q1
The economy of El Salvador advanced 2.3 percent year-on-year in the first quarter of 2019, following a 2.2 percent expansion in the previous period. Public spending grew 2.5 percent, after shrinking 0.5 percent in the last quarter of 2018; and both household consumption (4.7 percent from 1.8 percent in Q4) and gross fixed capital formation expanded further (9.7 percent from 1.2 percent). Exports rose 5.5 percent (vs 2.2 percent in Q4) and imports advanced at a faster 7.3 percent (vs 2.6 percent in Q4).
2019-06-28

El Salvador GDP Annual 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.