You are here > 1Up Travel > Countries of the World > Central America > El Salvador



 Country Facts









  Maps & Cities

  Transnational issues


  El Salvador Guide
  El Salvador Maps
  El Salvador Hotels
  El Salvador Flag
  More El Salvador Flags
  El Salvador Geography
  El Salvador Travel Warning

Travel & Tourism . Tourist Guide to the Country

El Salvador Economy

El Salvador    Economy Top of Page
Economy - overview: El Salvador is a struggling Central American economy which has been suffering from a weak tax collection system, factory closings, the aftermaths of Hurricane Mitch of 1998 and the devastating earthquakes of early 2001, and weak world coffee prices. On the bright side, in recent years inflation has fallen to single digit levels, and total exports have grown substantially. The trade deficit has been offset by remittances (an estimated $1.6 billion in 2000) from Salvadorans living abroad and by external aid. As of 1 January 2001, the US dollar was made legal tender alongside the colon.
GDP: purchasing power parity - $24 billion (2000 est.)
GDP - real growth rate: 2.5% (2000 est.)
GDP - per capita: purchasing power parity - $4,000 (2000 est.)
GDP - composition by sector: agriculture:  12%

industry:  28%

services:  60% (1999 est.)
Population below poverty line: 48% (1999 est.)
Household income or consumption by percentage share: lowest 10%:  1.2%

highest 10%:  38.3% (1995)
Inflation rate (consumer prices): 2.5% (2000 est.)
Labor force: 2.35 million (1999)
Labor force - by occupation: agriculture 30%, industry 15%, services 55% (1999 est.)
Unemployment rate: 10% (2000 est.)
Budget: revenues:  $1.8 billion

expenditures:  $2.2 billion, including capital expenditures of $NA (1999 est.)
Industries: food processing, beverages, petroleum, chemicals, fertilizer, textiles, furniture, light metals
Industrial production growth rate: 5% (2000 est.)
Electricity - production: 3.641 billion kWh (1999)
Electricity - production by source: fossil fuel:  45.65%

hydro:  41.01%

nuclear:  0%

other:  13.34% (1999)
Electricity - consumption: 3.638 billion kWh (1999)
Electricity - exports: 208 million kWh (1999)
Electricity - imports: 460 million kWh (1999)
Agriculture - products: coffee, sugar, corn, rice, beans, oilseed, cotton, sorghum; shrimp; beef, dairy products
Exports: $2.8 billion (f.o.b., 2000)
Exports - commodities: offshore assembly exports, coffee, sugar, shrimp, textiles, chemicals, electricity
Exports - partners: US 63%, Guatemala 11%, Honduras 7%, Costa Rica 4% (1999)
Imports: $4.6 billion (f.o.b., 2000)
Imports - commodities: raw materials, consumer goods, capital goods, fuels, foodstuffs, petroleum, electricity
Imports - partners: US 52%, Guatemala 9%, Mexico 6%, Costa Rica 3% (1999)
Debt - external: $4.1 billion (2000 est.)
Economic aid - recipient: total $252 million; $57 million from US (1999 est.)
Currency: Salvadoran colon (SVC); US dollar (USD)
Currency code: SVC; USD
Exchange rates: Salvadoran colones per US dollar - 8.755 (fixed rate since 1993)
Fiscal year: calendar year


Countryfacts Information Courtesy: CIA Worldbook

Make 1Up Travel your HomepageSend this Page to a FriendGo to Top of PagePrint this PageAdd 1Up Travel to your Favorites


Compare Country Info Hotel Directory Geography Flags World Maps Travel Warnings National Parks


Asia Africa Caribbean Middle East North America South America Central America Oceania Pacific Europe Polar Regions


Destinations Monuments Ancient Wonders Modern Wonders Natural Wonders


World Time ISD Codes Travel Links Link Exchange


Disclaimer: Although we've tried to make the information on this web site as accurate as possible, we accept no responsibility for any loss, injury or inconvenience sustained by any person resulting from information published on this site. We encourage you to verify any critical information with the relevant authorities before you travel.

Copyright 1Up Travel All Rights Reserved.
Go Up

Privacy Policy