El Salvador | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.13 0.9 0.12 0.24 0.82 0.57 percent [+]
Unemployment Rate 7.00 6.92 6.89 6.85 6.81 6.87 percent [+]
Inflation Rate 0.29 1.1 1.3 1.4 1.5 4 percent [+]
Interest Rate 4.56 4.35 4.35 4.35 4.5 5 percent [+]
Balance of Trade -412.80 -394 -410 -405 -407 -406 USD Million [+]
Government Debt to GDP 64.16 63.88 63.94 64 64.06 64.82 percent [+]
MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 8.72 8.81 8.89 8.98 9.16 10.46 [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.13 0.9 0.12 0.24 0.82 0.57 percent [+]
GDP Annual Growth Rate 2.51 2.67 2.67 2.68 2.65 2.62 percent [+]
GDP 25.85 26.89 26.89 26.2 26.32 28.27 USD Billion [+]
GDP Constant Prices 2552.50 2605 2603 2604 2625 2775 USD Million [+]
Gross Fixed Capital Formation 1773.60 1741 1815 1889 1963 2146 USD Million [+]
GDP per capita 3853.11 3910 3910 3900 3910 4180 USD [+]
GDP per capita PPP 8095.56 8200 8200 8200 8200 8400 USD [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 7.00 6.92 6.89 6.85 6.81 6.87 percent [+]
Unemployed Persons 200934.00 183314 176257 169200 162143 183426 [+]
Labor Force Participation Rate 62.79 63.14 63.19 63.24 63.3 62.79 percent [+]
Population 6.13 6.13 6.13 6.14 6.14 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 14.40 14.49 14.56 14.63 14.7 14.6 percent [+]
Living Wage Family 440.70 442 441 442 441 441 SVC/Month [+]
Living Wage Individual 273.30 273 273 273 273 273 SVC/Month [+]
Employed Persons 200934.00 183314 176257 169200 162143 183426 [+]
Employment Rate 44.40 44.26 44.33 44.41 44.48 44.55 percent [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 0.29 1.1 1.3 1.4 1.5 4 percent [+]
Consumer Price Index CPI 110.69 111 111 111 112 115 Index Points [+]
Producer Prices 157.14 158 158 158 158 158 Index Points [+]
Export Prices 113.60 111 110 109 109 109 Index Points [+]
Import Prices 143.90 144 144 144 144 144 Index Points [+]
Inflation Rate Mom 0.74 0.03 0.03 0.04 0.04 0.04 percent [+]
Food Inflation -2.13 -1.42 -1.38 -1.37 -1.28 -1.29 percent [+]
Cpi Transportation 106.29 106 106 106 106 106 Index Points [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 4.56 4.35 4.35 4.35 4.5 5 percent [+]
Money Supply M0 3.60 16.23 18.51 20.71 22.84 43.51 USD Million [+]
Money Supply M1 3253.40 3438 3464 3482 3496 3569 USD Million [+]
Money Supply M2 10755.10 11101 11153 11206 11259 11934 USD Million [+]
Money Supply M3 11611.90 11472 11447 11424 11402 11210 USD Million [+]
Foreign Exchange Reserves 3510.90 3357 3244 3190 3175 3172 USD Million [+]
Deposit Interest Rate 9.31 10.27 9.95 9.63 9.31 8.82 percent [+]
Loans To Private Sector 11638.10 11764 11925 12075 12213 13175 USD Million [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade -412.80 -394 -410 -405 -407 -406 USD Million [+]
Exports 419.20 416 403 417 403 403 USD Million [+]
Imports 832.02 828 829 829 829 829 USD Million [+]
Current Account -167.92 -200 -222 -150 -202 -188 USD Million [+]
Current Account to GDP -3.60 -4.52 -4.56 -4.61 -4.65 -4.49 percent [+]
Capital Flows -266.90 -150 -100 -227 -195 -174 USD Million [+]
Remittances 4270.00 4502 4405 4308 4211 4832 USD Million [+]
Gold Reserves 1.37 1.36 1.35 1.35 1.35 1.35 Tonnes [+]
Terrorism Index 0.00 0 0 0 0 0 [+]
GOVERNMENT Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Debt to GDP 64.16 63.88 63.94 64 64.06 64.82 percent [+]
Government Budget -3.43 -3.96 -3.87 -3.78 -3.69 -3.46 percent of GDP [+]
Government Budget Value -114.20 -253 -217 -180 -143 -202 USD Million [+]
Government Spending 837.00 851 852 853 854 921 USD Million [+]
Government Revenues 4387.50 4387 4450 4512 4574 5028 USD Million [+]
Fiscal Expenditure 4501.70 4488 4489 4490 4491 4645 USD Million [+]
Military Expenditure 225.80 228 228 229 227 220 USD Million [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Industrial Production 1.00 0.23 0.47 0.63 0.68 0.5 percent [+]
Changes in Inventories 0.00 0.83 0.68 0.53 0.38 0.09 USD Million [+]
Steel Production 10.00 9.82 9.85 9.82 9.81 9.81 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 36.00 38 37 37 36 38 Points [+]
Corruption Rank 95.00 74.87 73.15 71.42 69.69 64.75 [+]
Ease of Doing Business 95.00 96.02 97.08 98.14 99.2 103 [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Spending 9285.20 9293 9326 9358 9391 9841 USD Million [+]
Private Sector Credit 12467.30 12580 12736 12881 13015 14055 USD Million [+]
Gasoline Prices 0.74 0.74 0.74 0.73 0.73 0.73 USD/Liter [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 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. 3/24/2017