GDP reading: GDP increased 0.7% on a seasonally adjusted quarter on quarter basis in the third quarter, contrasting the 0.6%...
Economic Growth in El Salvador
Over the past decade to 2022, El Salvador's economy recorded an average growth rate of 2.2%, above the 1.9% average for Central America and Caribbean. In 2022, real GDP growth was 2.6%. For more GDP information, visit our dedicated page.
El Salvador GDP Chart
Note: This chart displays Economic Growth (GDP, annual variation in %) for El Salvador from 2022 to 2019.
Source: Macrobond.
El Salvador GDP Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Economic Growth (GDP, ann. var. %) | 2.4 | -7.9 | 11.9 | 2.8 | 3.5 |
| GDP (USD bn) | 26.9 | 24.9 | 29.0 | 32.0 | 34.0 |
| Economic Growth (Nominal GDP, ann. var. %) | 3.3 | -7.3 | 16.5 | 10.1 | 6.3 |
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Salvadoran GDP projections for the next ten years from a panel of 20 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable GDP forecast available for Salvadoran GDP.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Salvadoran GDP projections.
Want to get access to the full dataset of Salvadoran GDP forecasts? Send an email to info@focus-economics.com.
Latest Global GDP News
-
Chile: Economy bounces back in the third quarter -
Israel: GDP growth accelerates in Q3 Despite acceleration, conflict continues to hamper activity: GDP growth sped up to 3.8% in seasonally adjusted annualized rate terms (SAAR)... -
Kazakhstan: Economic growth rises in the third quarter GDP reading: According to a preliminary estimate, the Kazakh economy pressed down on the gas in the third quarter, as... -
Japan: GDP growth decelerates less than expected in Q3 Slowdown priced in: GDP growth moderated to 0.9% in seasonally adjusted annualized rate terms (SAAR) in the third quarter from... -
Slovakia: Economy posts slowest expansion in one-and-a-half years in Q3 GDP reading: According to a preliminary estimate, the Slovak economy lost further momentum in the third quarter, expanding 1.2% year... -
Romania: Economy grinds to a halt in Q3 Flat reading underwhelms markets: According to a preliminary estimate, GDP stagnated on a seasonally adjusted quarter-on-quarter basis in the third... -
Cyprus: GDP growth improves in Q3 Economy accelerates to a near two-year high: According to a flash release, GDP growth edged up to 3.9% year on...