Economy - overview: The smallest country in Central America geographically, El Salvador has the fourth largest economy in the region. The smallest country in Central America geographically, El Salvador has the fourth largest economy in the region. The smallest country in Central America geographically, El Salvador has the fourth largest economy in the region. GDP per Capita in El Salvador (with a population of 6,388,126 people) was $3,458 in 2017, an increase of $61 from $3,396 in 2016; this represents a change of 1.8% in GDP … El Salvador has promoted an open trade and investment environment and has embarked on a wave of privatization extending to telecommunications, electricity distribution, banking, and pension funds. El Salvador gdp for 2019 was $27.02B, a 3.47% increase from 2018. With the global recession, real GDP contracted in 2009 and economic growth has since remained low, averaging less than 2% from 2010 to 2014, but recovered somewhat in 2015-17 with an average annual growth rate of 2.4%. Access El Salvador’s economy facts, statistics, project information, development research from experts and latest news. El Salvador gdp for 2018 was $26.12B, a 4.56% increase from 2017. Economic conditions likely remained downbeat in Q3, despite improving somewhat, after Q2’s record GDP contraction due to the fallout from the pandemic. The United States is El Salvador’s main trading partner and, as such, has a great influence on the economy of El Salvador. El Salvador gdp for 2017 was $24.98B, a 3.26% increase from 2016. GDP growth (annual %) - El Salvador. Economic activity continued to shrink in August, albeit at the softest pace since March, which suggests that the … El Salvador gdp for 2016 was $24.19B, a 3.21% increase from 2015. Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years. World Bank national accounts data, and OECD National Accounts data files. El Salvador Global Economic Prospects examines trends for the world economy and how they affect developing countries. November 10, 2020. According to information compiled by the BCR, one of the major factors that prompted the poor performance of the country’s economy during the first half of 2019 was the trade war between the United States and China. Economic activity continued to shrink in August, albeit at the softest pace since March, which suggests that the downturn has bottomed out. El Salvador - GDP Economic conditions likely remained downbeat in Q3, despite improving somewhat, after Q2’s record GDP contraction due to the fallout from the pandemic. El Chorreron, El Salvador; tourism is the fastest-growing sector of the Salvadoran economy. 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