the US dollar is used as a medium of exchange and circulates freely in the economy
Languages:
Spanish, Nawat
Economic Overview
Key economic indicators for El Salvador
GDP:
$71.957 billion
GDP per Capita:
$11,400
GDP Growth:
3.51%
Inflation:
4.05%
Unemployment:
2.76%
Public Debt:
101.7% of GDP
Credit Rating:
B- (2018)
Political System
Governance structure of El Salvador
Government Type:
presidential republic
Head of State:
President Nayib Armando BUKELE Ortez (since 1 June 2019)
Head of Government:
President Nayib Armando BUKELE Ortez (since 1 June 2019)
Judiciary:
Supreme Court or Corte Suprema de Justicia (consists of 15 judges, including its president, and 15 substitute judges organized into Constitutional, Civil, Penal, and Administrative Conflict Chambers)
Administrative Divisions:
14 departments (departamentos, singular - departamento); Ahuachapan, Cabanas, Chalatenango, Cuscatlan, La Libertad, La Paz, La Union, Morazan, San Miguel, San Salvador, San Vicente, Santa Ana, Sonsonate, Usulutan
Major Political Parties
Not specified
International Relations
Global position and alliances
UN Member:
Yes
EU Member:
No
Diplomatic Presence:
1400 16th Street NW, Suite 100, Washington, DC 20036
Major Alliances and Organizations
OAS
Economic Sectors & Trade
Detailed economic breakdown
Major Economic Sectors
Agriculture
4.6% (2023 est.)
Industry
25% (2023 est.)
Services
59.8% (2023 est.)note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data
Trade Volume
Exports:
$10.629 billion
Imports:
$17.032 billion
Major Trading Partners
USA 36
Guatemala 17
Honduras 15
Nicaragua 8
Costa Rica 5
Economic Outlook
El Salvador has a 3.51% GDP growth rate with 4.05% inflation. The economy is characterized by a strong agriculture sector.