The economy of El Salvador shrank 19 percent on quarter in the three months to June 2020, following an upwardly revised 1 percent contraction in the previous period, amid the coronavirus crisis.
GDP Growth Rate in El Salvador averaged 0.58 percent from 1990 until 2020, reaching an all time high of 3.90 percent in the second quarter of 2005 and a record low of -19 percent in the second quarter of 2020. This page provides the latest reported value for - El Salvador GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. El Salvador GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.
GDP Growth Rate in El Salvador is expected to be 1.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in El Salvador to stand at 0.50 in 12 months time. In the long-term, the El Salvador GDP Growth Rate is projected to trend around 0.50 percent in 2021 and 0.80 percent in 2022, according to our econometric models.