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Indicators of economy in El Salvador

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2020 was at about 10.915 US Dollar per capita. In contrast, the GDP in El Salvador reached 3.799 US dollars per inhabitant, or 24.64 bn US Dollar in the whole country. El Salvador is one of the smaller economies and is currently ranked 105. If this is calculated per inhabitant taking into account the purchasing power parity, then El Salvador is in the list of the world's richest countries in place 122.

Inflation in El Salvador was in 2020 at around -0.37%. Within the EU, the average in the same year was 0.50%. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 51.4% lower.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.


Back to overview: El Salvador

Impact of the Covid-19 pandemic in 2020

The consequences of the Covid pandemic were not insignificant in El Salvador 2020. Overall, gross domestic product in 2020 fell from 26.90 billion US Dollar auf 24.64 billion US Dollar. With a drop of 8.4 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 has fallen from 0.1 percent previously to -0.4 percent by the end of 2020.

Unemployment rates in percent 1991 - 2021

Economic performance 2020

 El Salvador
Total
El Salvador
per capita
EU
Total
EU
per capita
GDP24.64 bn USD3,798.64 USD15,291.93 tn USD29,692.11 USD
Gross national product23.52 bn USD3,625.50 USD15,330.84 tn USD29,767.66 USD


Development of the Gross domestic product in billion US Dollar 1970 - 2020



Im- and Exports 2020

 El Salvador
Total
El Salvador
per capita
EU
Total
EU
per capita
Imports10.82 bn USD1,667.47 USD7,340.01 bn USD14,251.98 USD
Exports6.29 bn USD969.81 USD7,939.04 bn USD15,415.11 USD


Development of imports and exports in billion US dollars 1976 - 2020

Exports
Imports



El Salvador: AirportsThe 1 airports in El SalvadorMonseñor Óscar Arnulfo Romero International Airport - the only public airport in El Salvador with further information on airlines and destinations
Countries with US DollarCountries that use the US DollarUsage and exchange rates of the US Dollar. Convert the USD into any other currency.
Norway: EnergyEnergy consumption in NorwayEnergy balance and production capacities in Norway including comparison with the USA