Wednesday, March 6, 2019

El Salvador Economy


Population 6.411,558.  Land area 8,124 square miles. Labor force 2.6 million. Labor force by occupation: agriculture 21%, industry 20%, services 58%. Poverty 30.7%. Unemployment 7%. Inflation 0.7%. Nominal per capita GDP $400

Nominal GDP $24 billion. GDP rank 106th. GDP growth 2.3%. GDP by sector: agriculture 10.5%, industry 30%, services 59.4%.

Main industries: food, beverages, textiles, furniture, petroleum, chemicals fertilizer, light metals. Ease of doing business 73rd.

Exports $5.804 billion including coffee, sugar, textiles, apparel, gold, iron, steel, ethanol, chemicals, assembly for US 45.8%, Guatemala 14.9%, Honduras 9.6%, Nicaragua 5.8%,

Imports $10.44 billion including raw material, thread, consumer goods, capital goods, fuels, food, petroleum and electricity from US 34.4%, Guatemala 10.8%, Mexico 6.8%, Colombia 5.7%, China 5.5%, EU 4%.

Government revenue $4.835 billion, spending $5.534 billion, External Debt $13 billion. Reserves $2.623 billion.


Norb Leahy, Dunwoody GA Tea Party Leader

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