Tuesday, October 30, 2018

El Salvador Economy


The population of El Salvador is 6.4 million with land area of 8.124 square miles.

Nominal GDP was $24.81 billion.  GDP growth was 2.3%. GDP by sector was agriculture 10.5%, industry 30% and services 59.4%. Inflation was 1.1%. Poverty was 30.7%.
Labor force was 2.6 million. Unemployment was 7%
Main industries are manufacturing and include food processing, beverages, petroleum, chemicals, fertilizers, textiles, furniture and light metals.

Exports were $5.8 billion in offshore assemblies, coffee, sugar, textiles, apparel, gold, ethanol, chemicals, electricity, iron and steel sold to the US 45.8%, Guatemala 14.9%, Honduras 9.6%, Nicaragua 5.8%.

Imports were $10.44 billion in raw materials like thread from the US, consumer goods, capital goods fuels, foodstuffs, petroleum and electricity from the US 34.4%,Guatemala 10.8%, Mexico 6.8%, Colombia 5.7%. Cjoma 5.5%, EU 4%.

Government revenue was $4.835 billion, spending was 5.534 billion. Economic aid was $300 million. Gross external debt was $12.84 billion Foreign reserves were $2.8 billion.



Norb Leahy, Dunwoody GA Tea Party Leader

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