| People | El Salvador |
 = Fields  = World Records  = Dictionary  = Bar graph  = Distribution map  = Fields History  = Definitions |
Economy - overview:
|
The smallest country in Central America, El Salvador has the third largest economy, but growth has been modest in recent years. Robust growth in non-traditional exports have offset declines in the maquila exports, while remittances and external aid offset the trade deficit from high oil prices and strong import demand for consumer and intermediate goods. El Salvador leads the region in remittances per capita with inflows equivalent to nearly all export income. Implementation in 2006 of the Central America-Dominican Republic Free Trade Agreement (CAFTA), which El Salvador was the first to ratify, has strengthened an already positive export trend. With the adoption of the US dollar as its currency in 2001, El Salvador lost control over monetary policy and must concentrate on maintaining a disciplined fiscal policy. The current government has pursued economic diversification, with some success in promoting textile production, international port services, and tourism through tax incentives. It is committed to opening the economy to trade and investment, and has embarked on a wave of privatizations extending to telecom, electricity distribution, banking, and pension funds. In late 2006, the government and the Millennium Challenge Corporation signed a five-year, $461 million compact to stimulate economic growth and reduce poverty in the country's northern region through investments in education, public services, enterprise development, and transportation infrastructure. |
GDP (purchasing power parity):
|
$35.97 billion (2007 est.) |
GDP (official exchange rate):
|
$20.23 billion (2007 est.) |
GDP - real growth rate:
|
4.7% (2007 est.) |
GDP - per capita (PPP):
|
$5,200 (2007 est.) |
GDP - composition by sector:
|
agriculture: 10.2%
industry: 29.3%
services: 60.5% (2007 est.) |
Investment (gross fixed):
|
17% of GDP (2007 est.) |
Population below poverty line:
|
30.7% (2006 est.) |
Household income or consumption by percentage share:
|
lowest 10%: 0.7%
highest 10%: 38.8% (2002) |
Distribution of family income - Gini index:
|
52.4 (2002) |
Inflation rate (consumer prices):
|
4.9% (2007 est.) |
Labor force:
|
2.87 million (2007 est.) |
Labor force participation rate:
|
40.61 % of population |
Labor force - by occupation:
|
agriculture: 19%
industry: 23%
services: 58% (2006 est.) |
Unemployment rate:
|
6.6% official rate; but the economy has much underemployment (2007 est.) |
Budget:
|
revenues: $3.464 billion
expenditures: $3.605 billion (2007 est.) |
Budget revenues per capita:
|
491 USD per capita |
Public debt:
|
37.9% of GDP (2007 est.) |
Industries:
|
food processing, beverages, petroleum, chemicals, fertilizer, textiles, furniture, light metals |
Industrial production growth rate:
|
2% (2007 est.) |
Electricity - production:
|
5.316 billion kWh (2006) |
Electricity - production per capita:
|
753 kWh per capita |
Electricity - consumption:
|
5.319 billion kWh (2006) |
Electricity - consumption - per capita:
|
753 kWh per capita |
Electricity - exports:
|
111.1 million kWh (2007) |
Electricity - imports:
|
38.6 million kWh (2007) |
Oil - production:
|
0 bbl/day (2005) |
Oil - production per capita:
|
void |
Oil - consumption:
|
43,200 bbl/day (2005 est.) |
Oil - consumption - per capita:
|
2.23 bbl/year per capita |
Oil - exports:
|
4,963 bbl/day (2006) |
Oil - imports:
|
45,210 bbl/day (2006) |
Oil - proved reserves:
|
0 bbl (1 January 2006 est.) |
Natural gas - production:
|
0 cu m (2005 est.) |
Natural gas - production per capita:
|
void |
Natural gas - consumption:
|
0 cu m (2005 est.) |
Natural gas - consumption - per capita:
|
void |
Natural gas - exports:
|
0 cu m (2005 est.) |
Natural gas - imports:
|
0 cu m (2005) |
Natural gas - proved reserves:
|
0 cu m (1 January 2006 est.) |
Agriculture - products:
|
coffee, sugar, corn, rice, beans, oilseed, cotton, sorghum; beef, dairy products; shrimp |
Current account balance:
|
-$929 million (2007 est.) |
Current account balance - per capita:
|
-131 USD per capita |
Exports:
|
$3.98 billion (2007 est.) |
Exports per capita:
|
564 USD per capita |
Exports - commodities:
|
offshore assembly exports, coffee, sugar, shrimp, textiles, chemicals, electricity |
Exports - partners:
|
US 49.5%, Guatemala 14.4%, Honduras 8.8%, Nicaragua 5% (2006) |
Imports:
|
$8.667 billion (2007 est.) |
Imports per capita:
|
1,227 USD per capita |
Imports - commodities:
|
raw materials, consumer goods, capital goods, fuels, foodstuffs, petroleum, electricity |
Imports - partners:
|
US 32.2%, Guatemala 9.3%, Mexico 7.4%, Germany 6.3%, China 4.7% (2006) |
Reserves of foreign exchange and gold:
|
$2.198 billion (31 December 2007 est.) |
Reserves of foreign exchange and gold - per capita:
|
312 USD per capita |
Debt - external:
|
$5.444 billion (December 2007) |
Debt - external - per capita:
|
771 USD per capita |
Stock of direct foreign investment - at home:
|
$5.372 billion (September 2007) |
Stock of direct foreign investment - abroad:
|
$291.2 million (September 2007) |
Market value of publicly traded shares:
|
$3.623 billion (2005) |
Economic aid - donor:
|
void |
Economic aid - recipient:
|
$267.6 million of which $55 million from US (2005) |
Economic aid - recipient per capita:
|
38 USD per capita |
Currency (code):
|
US dollar (USD) |
Exchange rates:
|
the US dollar became El Salvador's currency in 2001 |
Fiscal year:
|
calendar year |
|
= Fields = World Records = Dictionary = Bar graph = Distribution map = Fields History = Definitions |
|
Home 
Geographic Names
Chiefs of State
Intl. Organizations
Intl. Environmental Agree.
Other References
