Markets Actual Q1 Q2 Q3 Q4 2022
Currency 90.79 96.06 96.48 96.91 97.33 97.33

Overview Actual Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) 12.00 0.8 0.3 0.5 0.5 0.5
GDP Annual Growth Rate (%) -10.20 1.5 14 8 5 2.3
Unemployment Rate (%) 6.30 8 8 8 8 7.5
Inflation Rate (%) -0.10 0.1 0.3 0.5 0.9 1.5
Interest Rate (%) 3.90 3.9 4 4.2 4.2 4.2
Balance of Trade (USD Million) -550.24 -556 -475 -475 -556 -556
Current Account (USD Million) 100.15 -280 -200 -290 -330 -330
Current Account to GDP (%) -2.10 -3 -3 -3 -3 -3.8
Government Debt to GDP (%) 73.30 88 88 88 88 86
Government Budget (% of GDP) -1.60 -2.8 -2.8 -2.8 -2.8 -1.8
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 30.00 30 30 30 30 30

GDP Actual Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) 12.00 0.8 0.3 0.5 0.5 0.5
GDP Annual Growth Rate (%) -10.20 1.5 14 8 5 2.3
GDP (USD Billion) 27.02 25.6 25.6 25.6 25.6 26.8
GDP Constant Prices (USD Million) 5975.90 6773 6558 6617 6908 6908
Gross Fixed Capital Formation (USD Million) 5162.80 4016 4776 5240 4096 4096
GDP per capita (USD) 3572.40 3400 3400 3400 3400 3600
GDP per capita PPP (USD) 8775.99 8490 8490 8490 8490 8780
GDP From Agriculture (USD Million) 348.78 328 322 265 335 335
GDP From Construction (USD Million) 315.16 359 388 382 366 366
GDP From Public Administration (USD Million) 500.54 450 524 460 459 459
GDP From Transport (USD Million) 246.97 291 306 291 297 297
GDP From Utilities (USD Million) 165.63 172 164 185 176 176

Labour Actual Q1 Q2 Q3 Q4 2022
Unemployment Rate (%) 6.30 8 8 8 8 7.5
Population (Million) 6.45 6.48 6.48 6.48 6.51 6.54

Prices Actual Q1 Q2 Q3 Q4 2022
Inflation Rate (%) -0.10 0.1 0.3 0.5 0.9 1.5
Consumer Price Index CPI (points) 112.20 112 113 112 120 115
Producer Prices (points) 116.48 120 116 116 122 122
Inflation Rate Mom (%) 0.20 0.2 0.1 0.1 0.2 0.2
Food Inflation (%) 0.40 1.8 1.9 1.9 1.9 2.1
Core Inflation Rate (%) 0.34 0.2 0.3 0.3 0.3 0.3
Cpi Housing Utilities (points) 131.97 132 132 130 148 135
CPI Transportation (points) 103.64 107 103 104 116 106
Producer Prices Change (%) -0.20 0.3 0.6 0.6 1 1

Money Actual Q1 Q2 Q3 Q4 2022
Interest Rate (%) 3.90 3.9 4 4.2 4.2 4.2

Trade Actual Q1 Q2 Q3 Q4 2022
Balance of Trade (USD Million) -550.24 -556 -475 -475 -556 -556
Current Account (USD Million) 100.15 -280 -200 -290 -330 -330
Current Account to GDP (%) -2.10 -3 -3 -3 -3 -3.8
Imports (USD Million) 994.26 900 900 900 915 915
Exports (USD Million) 444.02 425 425 425 432 432
Capital Flows (USD Million) -1028.96 -200 -100 -50 20 20
Foreign Direct Investment (USD Million) 283.36 290 290 290 350 350

Government Actual Q1 Q2 Q3 Q4 2022
Government Debt to GDP (%) 73.30 88 88 88 88 86
Government Budget (% of GDP) -1.60 -2.8 -2.8 -2.8 -2.8 -1.8
Government Budget Value (USD Million) -436.00 -68.11 -68.11 -68.11 -0.63 -0.63
Government Spending (USD Million) 4312.40 4098 3989 4377 4180 4180
Military Expenditure (USD Million) 263.00 260 260 260 260 260

Taxes Actual Q1 Q2 Q3 Q4 2022
Corporate Tax Rate (%) 30.00 30 30 30 30 30
Personal Income Tax Rate (%) 30.00 30 30 30 30 30
Sales Tax Rate (%) 13.00 13 13 13 13 13
Social Security Rate (%) 10.00 10.5 10 10 10.5 10.5
Social Security Rate For Companies (%) 7.00 7.5 7 7 7.5 7.5
Social Security Rate For Employees (%) 3.00 3 3 3 3 3

Business Actual Q1 Q2 Q3 Q4 2022
Industrial Production (%) -6.80 0.5 10 5 2.6 3.4
Changes in Inventories (USD Million) 354.00 265 265 265 265 265
Leading Economic Index (%) -8.10 0.3 12.5 5.5 3.5 2.5

Consumer Actual Q1 Q2 Q3 Q4 2022
Consumer Spending (USD Million) 22437.40 21910 20755 22774 22348 22348
Gasoline Prices (USD/Liter) 0.69 0.67 0.57 0.54 0.64 0.64


This page has economic forecasts for El Salvador including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the El Salvador economy.