El Salvador | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 1.55 1.2 1.12 0.58 0.49 0.82 percent [+]
Unemployment Rate 7.00 6.61 6.51 6.42 6.33 6.13 percent [+]
Inflation Rate -0.82 1 1.1 1.3 1.4 4 percent [+]
Interest Rate 4.48 4.35 4.35 4.35 4.35 5 percent [+]
Balance of Trade -386.50 -371 -378 -379 -378 -378 USD Million [+]
Government Debt to GDP 64.16 64.06 64.21 64.35 64.49 64.82 percent [+]
MARKETS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Currency 8.72 8.81 8.89 8.98 9.07 10.46 [+]
GDP Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 1.55 1.2 1.12 0.58 0.49 0.82 percent [+]
GDP Annual Growth Rate 2.50 2.2 2.19 2.24 2.3 2.31 percent [+]
GDP 25.85 26.2 26.89 26.89 26.75 28.27 USD Billion [+]
GDP Constant Prices 2550.60 2577 2605 2603 2604 2775 USD Million [+]
Gross Fixed Capital Formation 1773.60 1963 1957 1951 1945 2146 USD Million [+]
GDP per capita 3853.11 3899 3910 3910 3974 4180 USD [+]
GDP per capita PPP 8095.56 8174 8200 8200 8200 8400 USD [+]
LABOUR Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 7.00 6.61 6.51 6.42 6.33 6.13 percent [+]
Unemployed Persons 200934.00 162143 158470 154797 151124 183426 [+]
Labor Force Participation Rate 62.79 63.3 63.17 63.04 62.91 62.79 percent [+]
Population 6.13 6.14 6.15 6.15 6.16 6.22 Million [+]
Wages High Skilled 700.00 700 700 700 700 700 SVC/Month [+]
Wages Low Skilled 260.00 260 260 260 260 260 SVC/Month [+]
Youth Unemployment Rate 15.00 13.41 13.25 13.1 12.94 13.96 percent [+]
Employed Persons 200934.00 162143 158470 154797 151124 183426 [+]
Employment Rate 44.40 44.48 44.49 44.5 44.51 44.55 percent [+]
PRICES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Inflation Rate -0.82 1 1.1 1.3 1.4 4 percent [+]
Consumer Price Index CPI 109.78 110 110 110 110 113 Index Points [+]
Producer Prices 156.21 157 157 157 157 157 Index Points [+]
Export Prices 122.50 122 122 122 122 122 Index Points [+]
Import Prices 141.80 141 142 141 141 141 Index Points [+]
Inflation Rate Mom 0.00 0.03 0.01 0.01 0.01 0.01 percent [+]
Food Inflation -2.05 -2.3 -2.47 -2.49 -2.53 -2.52 percent [+]
Cpi Transportation 106.40 106 106 106 106 106 Index Points [+]
MONEY Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Interest Rate 4.48 4.35 4.35 4.35 4.35 5 percent [+]
Money Supply M0 3.60 14.38 16.81 19.15 21.4 43.68 USD Million [+]
Money Supply M1 3253.40 3417 3438 3464 3482 3569 USD Million [+]
Money Supply M2 10755.10 11069 11119 11170 11220 11884 USD Million [+]
Money Supply M3 11611.90 11498 11472 11447 11424 11210 USD Million [+]
Foreign Exchange Reserves 2954.10 2924 2908 2905 2904 2904 USD Million [+]
Deposit Interest Rate 9.31 9.31 9.31 9.31 9.31 8.82 percent [+]
Loans To Private Sector 11331.80 11450 11561 11662 11752 12368 USD Million [+]
TRADE Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Balance of Trade -386.50 -371 -378 -379 -378 -378 USD Million [+]
Exports 434.78 431 446 432 446 432 USD Million [+]
Imports 821.28 818 820 820 820 820 USD Million [+]
Current Account -112.27 -200 -222 -150 -202 -188 USD Million [+]
Current Account to GDP -3.60 -4.65 -4.84 -5.03 -5.22 -4.49 percent [+]
Capital Flows -266.90 -220 -150 -100 -227 -174 USD Million [+]
Remittances 4270.00 4211 4201 4192 4183 4832 USD Million [+]
Gold Reserves 1.37 1.34 1.33 1.33 1.32 1.31 Tonnes [+]
Terrorism Index 0.00 0 0 0 0 0 [+]
GOVERNMENT Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Government Debt to GDP 64.16 64.06 64.21 64.35 64.49 64.82 percent [+]
Government Budget -3.43 -3.69 -3.58 -3.47 -3.36 -3.46 percent of GDP [+]
Government Budget Value -287.40 -304 -309 -314 -318 -376 USD Million [+]
Government Spending 837.00 854 859 864 869 921 USD Million [+]
Government Revenues 4138.30 4319 4365 4412 4459 4953 USD Million [+]
Fiscal Expenditure 4425.70 4483 4480 4476 4473 4600 USD Million [+]
Military Expenditure 225.80 228 228 229 227 220 USD Million [+]
BUSINESS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Industrial Production 1.00 0.18 0.23 0.47 0.63 0.5 percent [+]
Changes in Inventories 0.00 0.38 0.37 0.36 0.35 0.09 USD Million [+]
Steel Production 10.00 9.94 9.91 9.9 9.9 9.89 Thousand Tonnes [+]
Competitiveness Index 3.81 3.89 3.89 3.89 3.89 3.91 Points [+]
Competitiveness Rank 105.00 104 104 104 104 89.22 [+]
Corruption Index 39.00 38.15 38.03 37.92 37.8 37.99 Points [+]
Corruption Rank 72.00 69.69 69.07 68.44 67.82 64.75 [+]
Ease of Doing Business 95.00 94.96 97.08 98.14 99.2 103 [+]
CONSUMER Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Consumer Spending 9285.20 9391 9419 9447 9474 9841 USD Million [+]
Private Sector Credit 12154.30 12261 12365 12461 12548 13212 USD Million [+]
Gasoline Prices 0.68 0.67 0.66 0.66 0.66 0.66 USD/Liter [+]
TAXES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Corporate Tax Rate 30.00 30 30 30 30 30 percent [+]
Personal Income Tax Rate 30.00 30 30 30 30 30 percent [+]
Sales Tax Rate 13.00 13 13 13 13 13 percent [+]
Social Security Rate 10.50 10.5 10.5 10.5 10.5 10.5 percent [+]
Social Security Rate For Companies 7.50 7.5 7.5 7.5 7.5 7.5 percent [+]
Social Security Rate For Employees 3.00 3 3 3 3 3 percent [+]





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. 12/10/2016