El Salvador: Economy
Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
Lower Middle Income |
Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Developing |
Economic Trivia | El Salvador has the third largest economy in Central America. |
Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2021): United States, China, and Guatemala |
Top Industries Source: CIA World Factbook | Food Processing; Beverages; Petroleum; Chemicals |
Gross Domestic Product (GDP) [1]
GDP, PPP (current international) | $70,309,956,558 (2022) |
GDP Growth Rate (annual %) | 2.6% (2022) |
GDP Per Capita, PPP (current international) | $11,096 (2022) |
GDP Country Rank 109/197 (2022)
Economic Indicators [1]
Inflation, consumer prices (annual %) | 7.199% (2022) |
External debt stocks, total (DOD, current US$) | $20,171,383,377 (2021) |
Total tax rate (% of commercial profits) | 36.4% (2019) |
Real Interest Rate (5 year average %) | 10.344% (2000) |
Manufacturing, value added (% of GDP) | 15.514% (2022) |
Current Account Balance (BoP, current US$) | ($2,146,173,194) (2022) |
Labor and Employment [1]
Labor Force, Total | 2,782,179 (2022) |
Employment in Agriculture (% of total employment) | 15.249% (2021) |
Employment in Industry (% of total employment) | 23.741% (2021) |
Employment in Services (% of total employment) | 61.01% (2021) |
Unemployment Rate | 3.822% (2022) |
Trade [1]
Imports of goods and services (current US$) | $18,070,440,000 (2022) |
Exports of goods and services (current US$) | $10,129,310,000 (2022) |
Total Merchandise Trade (% of GDP) | 74.558% (2022) |
FDI, net inflows (BoP, current US$) | ($388,707) (2022) |
Commercial Service Exports (current US$) | $4,234,911,616 (2022) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
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. For example, El Salvador’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.