How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. El Salvador Global Economic Prospects examines trends for the world economy and how they affect developing countries. According to information compiled by the BCR, one of the major factors that prompted the poor performance of the country’s economy during the first half of 2019 was the trade war between the United States and China. With the global recession, real GDP contracted in 2009 and economic growth has since remained low, averaging less than 2% from 2010 to 2014, but recovered somewhat in 2015-17 with an average annual growth rate of 2.4%. El Salvador gdp for 2018 was $26.12B, a 4.56% increase from 2017. GDP Growth Rate in 2017 was 2.32%, representing a change of 501,415,223 US$ over 2016, when Real GDP was $21,588,556,595. El Salvador gdp for 2016 was $24.19B, a 3.21% increase from 2015. Economic conditions likely remained downbeat in Q3, despite improving somewhat, after Q2’s record GDP contraction due to the fallout from the pandemic. This site uses cookies to optimize functionality and … The smallest country in Central America geographically, El Salvador has the fourth largest economy in the region. Economic activity continued to shrink in August, albeit at the softest pace since March, which suggests that the … Economic activity continued to shrink in August, albeit at the softest pace since March, which suggests that the downturn has bottomed out. The smallest country in Central America geographically, El Salvador has the fourth largest economy in the region. All news about El Salvador At a Glance 2021 Projected Real GDP (% Change) : -9.0 El Salvador gdp for 2019 was $27.02B, a 3.47% increase from 2018. El Salvador Economic Outlook. Economy - overview: The smallest country in Central America geographically, El Salvador has the fourth largest economy in the region. GDP growth (annual %) - El Salvador. World Bank national accounts data, and OECD National Accounts data files. El Salvador gdp for 2017 was $24.98B, a 3.26% increase from 2016. GDP per Capita in El Salvador (with a population of 6,388,126 people) was $3,458 in 2017, an increase of $61 from $3,396 in 2016; this represents a change of 1.8% in GDP … El Chorreron, El Salvador; tourism is the fastest-growing sector of the Salvadoran economy. The United States is El Salvador’s main trading partner and, as such, has a great influence on the economy of El Salvador. The Trump Factor . For example, El Salvador’s Exports rank is higher than (please wait...) of the countries in the dataset. The report includes country-specific three-year forecasts for major macroeconomic indicators, including commodity and financial markets. 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