The economy of El Salvador expanded 1.7 percent quarter-over-quarter in the first three months of 2022, rebounding firmly from an upwardly revised 0.2 percent contraction in the last quarter of 2021. It was the strongest pace of expansion since the first quarter of last year. source: Central Reserve Bank of El Salvador

GDP Growth Rate in El Salvador averaged 0.75 percent from 1990 until 2022, reaching an all time high of 14.52 percent in the third quarter of 2020 and a record low of -19.30 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 September of 2022.

GDP Growth Rate in El Salvador is expected to be 0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the El Salvador GDP Growth Rate is projected to trend around 0.50 percent in 2023, according to our econometric models.

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El Salvador GDP Growth Rate

Calendar GMT Actual Previous Consensus TEForecast
2022-04-01 03:00 PM Q4 -0.06% 0.6% 0.6%
2022-06-30 06:00 PM Q1 1.7% -0.2% 0.9%
2022-10-05 01:10 PM Q2 1.7% 0.4%

Related Last Previous Unit Reference
GDP Growth Rate 1.70 -0.06 percent Mar 2022
GDP Annual Growth Rate 2.70 3.70 percent Mar 2022
GDP Constant Prices 7536.20 7739.90 USD Million Mar 2022
Gross Fixed Capital Formation 6030.06 4364.71 USD Million Dec 2021
GDP from Utilities 234.16 199.39 USD Million Mar 2022
GDP from Transport 328.89 336.24 USD Million Mar 2022
GDP from Services 871.43 901.84 USD Million Mar 2022
GDP from Public Administration 535.61 700.56 USD Million Mar 2022
GDP from Mining 29.17 17.37 USD Million Mar 2022
GDP from Manufacturing 1245.79 1151.19 USD Million Mar 2022
GDP from Construction 394.75 400.81 USD Million Mar 2022
GDP from Agriculture 279.36 363.27 USD Million Mar 2022

El Salvador GDP 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.
Actual Previous Highest Lowest Dates Unit Frequency
1.70 -0.06 14.52 -19.30 1990 - 2022 percent Quarterly