logo

ECON FACTBOOK

Home    About

Economy of El Salvador

Population: 6.3 million in 20131

GDP: $24 billion in 20132

GDP per capita: $3,826 nominal3 ($7,762 PPP4) in 2013

GDP growth rate: 1.7% in 20135

Industries

GDP by Industry 20126

Industry sectorValue added ($ millions) 2012Percent of total
Other activities7,24732.9%
Wholesale, retail trade, restaurants and hotels4,61120.9%
Manufacturing4,29219.5%
Agriculture, hunting, forestry, fishing2,65112.0%
Transport, storage and communication1,8158.2%
Construction8984.1%
Mining and utilities5452.5%
Total value added22,059100%

Employment

Unemployment rate: 6.3% in 20137

Employment by Industry 20138

Employment sector Employees (thousands) 2013Percent of total
Wholesale trade, retail trade and repair of motor vehicles58622.3%
Agriculture, forestry and fishing51519.6%
Manufacturing38514.6%
Accommodation and food service1857.0%
Other service1395.3%
Construction1375.2%
Public administration and defence1254.8%
Activities of households as employers1174.4%
Education863.3%
Transportation and storage833.2%
Administrative and support service742.8%
Human health and social work672.6%
Professional, scientific and technical441.7%
Finance and insurance281.1%
Information and communication251.0%
Arts, entertainment and recreation120.5%
Real estate60.2%
Water supply, sewerage and waste management60.2%
Electricity, gas, steam and air conditioning50.2%
Mining and quarrying20.1%
Extraterritorial organizations and bodies10.0%
Total employment2,630100%

Corporations

Top 10 Corporations by Revenue 20139

N/A

Households

Household Wealth: $48 billion (200% of GDP) in 201410

Household Wealth per Adult: $12,638 in 201410

Gini Coefficient: .418 in 201211

Government

Central Government

Central Government Revenue: $4.7 billion (20% of GDP) in 201312

Central Government Expenditure: $5.7 billion (24% of GDP) in 201312

Central Government Budget Balance: -$1.0 billion (-4% of GDP) in 201312

Central Government Public Debt: $11.2 billion (47% of GDP) in Q4 201413

Central Government 10 Year Bond Interest Rate: 6.38% in Sept 201414

Government Funds

N/A

Tax Structure

Individual Income Tax Rates and Thresholds in 201315

Corporate Tax Rate: 30% in 201416

Monetary Policy

Monetary Base (M0, United States): $3.99 trillion on Dec 24, 201417

Benchmark Interest Rate (United States): 0.25% on Dec 31 201418

Total Reserves: $2.0 billion (8% of GDP) in 201319

Exchange Rate: Adopted the U.S. Dollar as the official currency20

Inflation: 0.8% in 201321

Financial Institutions

Top 10 Financial Institutions by Assets 201322

N/A (data not available at Relbanks.com)

International Accounts

Exports: $5.1 billion (21% of GDP) in 201323

Imports: $10.0 billion (41% of GDP) in 201323

Trade Balance: -$4.9 billion (-20% of GDP) in 201323

Foreign Direct Investment Inflow: $196 million (0.8% of GDP)24

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: $230 million (1% of GDP)25

Foreign Aid Outflow: N/A

References

1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: International Labor Organization, ILOSTAT, Downloads (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: World Bank Indicators (Gini coefficient) Go back
12. Source: CIA World Factbook (Government budget) Go back
13. Source: IMF Dissemination Standards Bulletin Board, Access National Summary Data (Public debt) Go back
14. Source: Central America Data (Government bond yield) Go back
15. Source: PKF Tax Guide (Individual tax rates) Go back
16. Source: Tax Foundation (Corporate tax rate) Go back
17. Source: Federal Reserve Bank of St. Louis (Monetary base) Go back
18. Source: Federal Reserve Bank of New York (Benchmark interest rate) Go back
19. Source: World Bank Indicators (Total reserves) Go back
19. Source: World Bank Indicators (Total reserves) Go back
20. Source: OANDA (Exchange rate) Go back
21. Source: World Bank Indicators (Inflation rate) Go back
22. Source: Relbanks.com (Financial institutions by assets) Go back
23. Source: CIA World Factbook (Trade data) Go back
24. Source: World Bank Indicators (FDI data) Go back
25. Source: World Bank Indicators (Aid data) Go back