ECON FACTBOOK

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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 sector	Value added ($ millions) 2012	Percent of total
Other activities	7,247	32.9%
Wholesale, retail trade, restaurants and hotels	4,611	20.9%
Manufacturing	4,292	19.5%
Agriculture, hunting, forestry, fishing	2,651	12.0%
Transport, storage and communication	1,815	8.2%
Construction	898	4.1%
Mining and utilities	545	2.5%
Total value added	22,059	100%

Employment

Unemployment rate: 6.3% in 2013⁷

Employment by Industry 2013⁸

Employment sector	Employees (thousands) 2013	Percent of total
Wholesale trade, retail trade and repair of motor vehicles	586	22.3%
Agriculture, forestry and fishing	515	19.6%
Manufacturing	385	14.6%
Accommodation and food service	185	7.0%
Other service	139	5.3%
Construction	137	5.2%
Public administration and defence	125	4.8%
Activities of households as employers	117	4.4%
Education	86	3.3%
Transportation and storage	83	3.2%
Administrative and support service	74	2.8%
Human health and social work	67	2.6%
Professional, scientific and technical	44	1.7%
Finance and insurance	28	1.1%
Information and communication	25	1.0%
Arts, entertainment and recreation	12	0.5%
Real estate	6	0.2%
Water supply, sewerage and waste management	6	0.2%
Electricity, gas, steam and air conditioning	5	0.2%
Mining and quarrying	2	0.1%
Extraterritorial organizations and bodies	1	0.0%
Total employment	2,630	100%

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

0%: $0-$488
10% of amount over $488 + $17: $488-$642
10% of amount over $642 + $32: $642-$916
20% of amount over $916 + $60: $916-$2,059
30% of amount over $2,059 + $289: $2,059+

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