The Gross Domestic Product (GDP) in El Salvador expanded 0.66 percent in the third quarter of 2023 over the previous quarter. GDP Growth Rate in El Salvador averaged 0.74 percent from 1990 until 2023, reaching an all time high of 14.26 percent in the third quarter of 2020 and a record low of -18.83 percent in the second quarter of 2020. source: Central Reserve Bank of El Salvador

GDP Growth Rate in El Salvador is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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El Salvador GDP Growth Rate


Calendar GMT Reference Actual Previous Consensus TEForecast
2023-10-05 06:00 PM
GDP Growth Rate QoQ
Q2 1.2% 0.7% 0.5%
2023-12-22 03:00 PM
GDP Growth Rate QoQ
Q3 0.66% 1.2% 0.2%
2024-03-21 05:30 PM
GDP Growth Rate QoQ
Q4 0.66% 0.5%


Related Last Previous Unit Reference
GDP Growth Rate 0.66 1.20 percent Sep 2023
GDP Annual Growth Rate 3.60 3.00 percent Sep 2023
GDP Constant Prices 8580.76 8607.77 USD Million Sep 2023
Gross Fixed Capital Formation 6510.58 5935.38 USD Million Dec 2022
GDP from Utilities 308.14 292.72 USD Million Sep 2023
GDP from Transport 349.03 368.05 USD Million Sep 2023
GDP from Services 881.40 931.98 USD Million Sep 2023
GDP from Public Administration 776.46 722.91 USD Million Sep 2023
GDP from Mining 16.14 24.50 USD Million Sep 2023
GDP from Manufacturing 1188.63 1210.53 USD Million Sep 2023
GDP from Construction 507.23 555.80 USD Million Sep 2023
GDP from Agriculture 433.44 467.59 USD Million Sep 2023

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.
Actual Previous Highest Lowest Dates Unit Frequency
0.66 1.20 14.26 -18.83 1990 - 2023 percent Quarterly
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