El Salvador
| Total Population | 6,200,000 (est.) |
| Area | 20,720 km2 |
| Local Currency | US Dollar (USD) |
| Literacy | 80.2% |
| Economically active population | 2,653,600 |
| as % of total population | 42.8% |
| Unemployment rate | 6.8% (urban areas - CEPAL statistic 2010) |
| Gross Domestic Product (GDP) | 22,447 US$ millions |
| as % of Regional GDP | 0.4% (Latin America GDP 2011 = US$ 5,567,705 millions) |
| GDP per Head | 3,620 US$ |
| Ranking in Latin America | 15 |
Important dates
- January 1 - New Year
- January 16 - Peace Treaties
- Holy Wednesday, Holy Thursday and Holy Friday - Changes every year
- May 1 - Labor Day
- August 4,5 and 6- San Salvador Holiday
- September 15 - Independence Day
- October 12 - Race Day
- November 2 - All Saint's Day
- November 5 - First call for independence
- December 25 - Christmas
Economic Statistics
| (years 2008 - proj. 2012) |
| El Salvador has a Gross Domestic Product of US$22,447MM. This is distributed by sectors in the following way: agriculture with 10.6%, having as main products coffee, sugar, corn, beans; industry with 30.0%, having as main products food processing, beverages, petroleum, chemicals; and the services sector with 59.4%. |
National Accounts
| National Accounts | 2008 | 2009 | 2010 | est. 2011 | proj. 2012 |
|---|---|---|---|---|---|
|
|
|||||
|
▲% GDP
|
1.4% | -2.9% | 1.4% | 1.5% | 2.2% |
|
Nominal GDP (US$ millions)
|
21,431 | 20,661 | 20,971 | 22,447 | 23,662 |
|
GDP per Head (US$)
|
3,513 | 3,332 | 3,382 | 3,620 | 3,756 |
|
GDP by Sector
|
100.0% | ||||
|
Agriculture
|
10.6% | ||||
|
Industry
|
30.0% | ||||
|
Services
|
59.4% | ||||
|
Inflation rate
|
5.5% | -0.2% | 2.1% | 5.0% | 3.6% |
|
Budget Balance
|
-3.2% | -5.7% | -4.4% | -4.0% | -3.0% |
GDP Growth |
Trade Statistics
| Regarding foreign trade, US represents its main commercial partner buying 45.7% of Salvadorian exports, whereas the main export products are constituted by maquila products. |
| Foreign Trade (2011) | |||||||
|---|---|---|---|---|---|---|---|
|
Exports
|
Imports
|
||||||
|
By countries
|
By countries
|
||||||
|
US
|
45.7% |
US
|
37.8% | ||||
|
Guatemala
|
13.9% |
Guatemala
|
9.8% | ||||
|
Honduras
|
13.2% |
Mexico
|
7.6% | ||||
|
Costa Rica
|
4.0% |
Ecuador
|
2.5% | ||||
|
|
|
||||||
|
By products
|
By products
|
||||||
|
Non-traditional products
|
66.1% |
Intermediate goods
|
44.3% | ||||
|
Maquila
|
22.6% |
Consumer goods
|
34.5% | ||||
|
Coffee
|
8.7% |
Capital goods
|
12.7% | ||||
|
Sugar
|
2.5 |
Maquila
|
8.4% | ||||
| Balance of Payments (US$ mill.) | 2008 | 2009 | 2010 | est. 2011 | proj. 2012 |
|---|---|---|---|---|---|
|
Exchange rate: USD / US$
(end of period) |
1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
|
|
|||||
|
Exports of goods
|
4,703 | 3,930 | 4,577 | 5,400 | 5,856 |
|
Imports of goods
|
9,379 | 7,038 | 8,189 | 9,750 | 10,396 |
|
Trade & Services Balance
|
-4,889 | -3,198 | -3,706 | -4,410 | -4,608 |
|
% GDP
|
-22.8% | -15.5% | -17.7% | -19.6% | -19.5% |
|
Income Balance
|
-389 | -548 | -381 | -593 | -434 |
|
% GDP
|
-1.8% | -2.7% | -1.8% | -2.6% | -1.8% |
|
Current Transfers Balance
|
3,747 | 3,442 | 3,599 | 3,798 | 4,041 |
|
% GDP
|
17.5% | 16.7% | 17.2% | 16.9% | 17.1% |
|
Current Account Balance
|
-1,531 | -304 | -488 | -1,205 | -1,001 |
|
% GDP
|
-7.1% | -1.5% | -2.3% | -5.4% | -4.2% |
|
Net Direct Investments flows
|
824 | 366 | 78 | 650 | 670 |
|
% GDP
|
3.8% | 1.8% | 0.4% | 2.9% | 2.8% |
|
Net portfolio Investments flows
|
122 | 358 | -86 | -594 | 85 |
|
% GDP
|
0.6% | 1.7% | -0.4% | -2.6% | 0.4% |
Current Account Balance (% GDP) |
Foreign Debt Stock (% GDP) |
| 2008 | 2009 | 2010 | est. 2011 | proj. 2012 | |
|---|---|---|---|---|---|
|
|
|||||
|
Foreign Debt Stock
|
10,601 | 10,102 | 11,069 | 12,180 | 12,839 |
|
% GDP
|
49.5% | 48.9% | 54.3% | 54.3% | 54.3% |
|
|
|||||
|
Foreign Debt Service
|
1,006 | 1,176 | 1,079 | 967 | 924 |
|
Principal repayments
|
488 | 685 | 602 | 759 | 700 |
|
Interest payments
|
518 | 491 | 477 | 208 | 224 |
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