The economy of El Salvador advanced 2.7% year-on-year in the third quarter of 2019, following a 1.9% expansion in the prior period. It is the fastest growth in five quarters, nudged mainly by agriculture (2.2% vs 1.9% in Q2), mining (6.8% vs 4.3%), utilities (11.8% vs 5.6%), construction (12.5% vs 6.6%), commercial services (2.0% vs 1.8%), transport (2.2% vs 1.0%), and health services (2.4% vs 1.6%). In contrast, manufacturing (1.2% vs 1.7%) and information & communication services (0.5% vs 1.1%) lost steam. On a seasonally adjusted quarter basis, the GDP went up 1.1%, after a 0.2% rise in Q2.
GDP Annual Growth Rate in El Salvador averaged 3.09 percent from 1991 until 2019, reaching an all time high of 8.10 percent in the second quarter of 1995 and a record low of -2.60 percent in the third quarter of 2009. This page provides the latest reported value for - El Salvador GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
GDP Annual Growth Rate in El Salvador is expected to be 2.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in El Salvador to stand at 2.10 in 12 months time. In the long-term, the El Salvador GDP Annual Growth Rate is projected to trend around 2.10 percent in 2020, according to our econometric models.