The economy of El Salvador expanded 2.2 percent year-on-year in the last three months of 2018, the same as in the previous period, mainly due to a rebound in exports (2.2 percent compared to -0.8 percent in Q3) and a slowdown in imports (2.6 percent compared to 8.9 percent). On the other hand, softer increases were seen for private spending (1.8 percent compared to 4.9 percent) and gross fixed capital formation (1.2 percent compared to 12.5 percent) while public expenditure contracted (-0.5 percent compared to 1.5 percent). On a quarterly basis, the economy advanced 1.1 percent, higher than 0.6 percent in Q3. Considering full 2018, the economy expanded 2.5 percent, above 2.3 percent in 2017. GDP Annual Growth Rate in El Salvador averaged 3.11 percent from 1991 until 2018, 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.

GDP Annual Growth Rate in El Salvador is expected to be 1.90 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 2.40 in 12 months time. In the long-term, the El Salvador GDP Annual Growth Rate is projected to trend around 2.00 percent in 2020, according to our econometric models.

El Salvador GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-06-29 11:00 PM GDP Growth Rate YoY 2.92% 2.45% 2.2%
2018-09-28 10:45 PM GDP Growth Rate YoY 2.52% 3.15% 2.6%
2018-12-21 07:00 PM GDP Growth Rate YoY 2.2% 2.8% 2.2%
2019-03-29 05:00 PM GDP Growth Rate YoY 2.2% 2.2% 2.9%
2019-06-28 11:00 PM GDP Growth Rate YoY 2.2% 2.4%
2019-09-27 10:45 PM GDP Growth Rate YoY 2.3%
2019-12-20 10:00 PM GDP Growth Rate YoY 1.7%


El Salvador GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.10 0.60 3.20 -3.40 percent [+]
GDP Annual Growth Rate 2.20 2.20 8.10 -2.60 percent [+]
GDP 24.81 23.91 24.81 0.63 USD Billion [+]
GDP Constant Prices 6903.90 6450.00 6903.90 1069.80 USD Million [+]
Gross Fixed Capital Formation 4288.00 3879.60 4288.00 2394.70 USD Million [+]
GDP per capita 3463.54 3402.60 3463.54 1678.90 USD [+]
GDP per capita PPP 7292.46 7164.14 7292.46 4544.59 USD [+]
GDP From Agriculture 314.17 334.91 457.35 168.90 USD Million [+]
GDP From Construction 369.10 326.93 369.10 36.40 USD Million [+]
GDP From Manufacturing 1081.50 1011.30 1081.50 586.70 USD Million [+]
GDP From Mining 16.50 12.70 25.20 6.20 USD Million [+]
GDP From Public Administration 573.40 486.50 573.40 86.30 USD Million [+]
GDP From Services 833.90 747.40 833.90 395.00 USD Million [+]
GDP From Transport 326.30 317.70 377.00 84.10 USD Million [+]
GDP From Utilities 189.70 201.70 222.50 8.90 USD Million [+]


El Salvador GDP Annual Growth Rate

The most important sector of El Salvador economy is services which accounts for 66 percent of total GDP, including internal trade (14 percent); real estate activities (8 percent); public administration (8 percent); finance and insurance (7 percent) and education (5 percent). Industry constitutes 27 percent of total wealth, with the largest shares for manufacturing (18 percent), construction (6 percent) and utilities (3 percent). Also, agriculture, livestock, forestry and fishing sector accounts for 6 percent of GDP. On the expenditure side, household consumption is the main component of GDP (85 percent), followed by gross fixed capital formation and government spending (16 percent each). Exports of goods and services represent 28 percent of GDP while imports account for 45 percent, subtracting 17 percent of total GDP. 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. El Salvador GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.20 2.20 8.10 -2.60 1991 - 2018 percent Quarterly




Country Last Previous
India 6.60 Dec/18
China 6.40 Mar/19
Indonesia 5.07 Mar/19
Saudi Arabia 3.60 Dec/18
United States 3.20 Mar/19
Spain 2.40 Mar/19
Australia 2.30 Dec/18
South Korea 1.80 Mar/19
United Kingdom 1.80 Mar/19
Netherlands 1.70 Mar/19
Canada 1.60 Dec/18
Switzerland 1.40 Dec/18
Mexico 1.30 Mar/19
Euro Area 1.20 Mar/19
Singapore 1.20 Mar/19
Brazil 1.10 Dec/18
France 1.10 Mar/19
South Africa 1.10 Dec/18
Japan 0.80 Mar/19
Germany 0.70 Mar/19
Russia 0.50 Mar/19
Italy 0.10 Mar/19
Turkey -3.00 Dec/18
Argentina -6.20 Dec/18


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