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.
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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 | |
---|---|---|---|---|
GDP | 24.64 bn USD | 3,798.64 USD | 15,291.93 tn USD | 29,692.11 USD |
Gross national product | 23.52 bn USD | 3,625.50 USD | 15,330.84 tn USD | 29,767.66 USD |
Development of the Gross domestic product in billion US Dollar 1970 - 2020
› 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
Im- and Exports 2020
El Salvador Total | El Salvador per capita | EU Total | EU per capita | |
---|---|---|---|---|
Imports | 10.82 bn USD | 1,667.47 USD | 7,340.01 bn USD | 14,251.98 USD |
Exports | 6.29 bn USD | 969.81 USD | 7,939.04 bn USD | 15,415.11 USD |
Development of imports and exports in billion US dollars 1976 - 2020
Exports
Imports