Indicators of economy in El Salvador
The essential economic performance of a country is reflected by the gross domestic product, the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12,230 USD per capita. GDP in El Salvador, on the other hand, reached USD 4,551 per capita, or 28.74 billion USD for the whole country. El Salvador is therefore currently ranked 102 of the major economies. If this is calculated per inhabitant, taking purchasing power parity into account, then El Salvador ranks 119th in the list of the richest countries.Inflation in El Salvador in 2021 was around 3.47%. Within the EU, the average in the same year was 2.55 percent. In the United States, it was most recently 4.70%.
Compared with the USA, prices for daily consumer goods are around 51.4 percent lower.
The index for perceived corruption in the public sector is 33, which is below average by global standards.
Back to overview: El Salvador
Impact of the COVID-19 pandemic
The consequences of the COVID pandemic were not insignificant in El Salvador 2020. Overall, gross domestic product in 2020 fell from 26.88 billion US dollars to 24.56 billion US dollars. With a drop of 8.6 percent, the economy in El Salvador suffered more significant losses than other countries. The tourism sector alone slumped by around 55 percent. The unemployment rate rose from 4.2 to 6.2 percent. The inflation rate fell from 0.1 percent previously to -0.4 percent by the end of 2020.Unemployment rates in percentages 1991 - 2021
Economic performance 2021
El Salvador Total | El Salvador per capita | EU Total | EU per capita | |
---|---|---|---|---|
GDP | 28.74 bn USD | 4,551.18 USD | 17.177 tn USD | 33,384.92 USD |
Gross national product | 26.91 bn USD | 4,262.00 USD | 16.895 tn USD | 32,835.37 USD |
Development of gross domestic product in billions of USD 1970 - 2021
› Debt budget development
› Development of inflation
› Corruption in El Salvador
› Cost of living in a global comparison
› Development of inflation
› Corruption in El Salvador
› Cost of living in a global comparison
Imports and Exports 2021
El Salvador Total | El Salvador per capita | EU Total | EU per capita | |
---|---|---|---|---|
Imports | 15.75 bn USD | 2,495.02 USD | 8.916 tn USD | 17,329.02 USD |
Exports | 8.49 bn USD | 1,344.75 USD | 9.554 tn USD | 18,569.19 USD |
Development of imports and exports in billions of USD 1976 - 2021
Exports
Imports