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    El Salvador Economy - 1991

      Overview: The agricultural sector accounts for 25% of GDP, employs about 40% of the labor force, and contributes about 66% to total exports. Coffee is the major commercial crop, accounting for 45% of export earnings. The manufacturing sector, based largely on food and beverage processing, accounts for 18% of GDP and 15% of employment. Economic losses because of guerrilla sabotage total more than $2.0 billion since 1979. The costs of maintaining a large military seriously constrain the government's efforts to provide essential social services. Nevertheless, growth in national output last year exceeded growth in population for the first time since 1987.

      GDP: $5.4 billion, per capita $1,030; real growth rate 2.8% (1990 est.)

      Inflation rate (consumer prices): 20% (1990)

      Unemployment rate: 10% (1989)

      Budget: revenues $751 million; expenditures $790 million, including capital expenditures of $NA (1990 est.)

      Exports: $571 million (f.o.b., 1990 est.); commodities--coffee 45%, sugar, cotton, shrimp; partners--US 49%, FRG 24%, Guatemala 7%, Costa Rica 4%, Japan 4%

      Imports: $1.2 billion (c.i.f., 1990 est.); commodities--petroleum products, consumer goods, foodstuffs, machinery, construction materials, fertilizer; partners--US 40%, Guatemala 12%, Venezuela 7%, Mexico 7%, FRG 5%, Japan 4%

      External debt: $2.1 billion (December 1990 est.)

      Industrial production: growth rate 2.4% (1990); accounts for 22% of GDP

      Electricity: 682,000 kW capacity; 1,849 million kWh produced, 350 kWh per capita (1990)

      Industries: food processing, textiles, clothing, beverages, petroleum, tobacco products, chemicals, furniture

      Agriculture: accounts for 25% of GDP and 40% of labor force (including fishing and forestry); coffee most important commercial crop; other products--sugarcane, corn, rice, beans, oilseeds, beef, dairy products, shrimp; not self-sufficient in food

      Economic aid: US commitments, including Ex-Im (FY70-90), $2.95 billion; Western (non-US) countries, ODA and OOF bilateral commitments (1970-88), $455 million

      Currency: Salvadoran colon (plural--colones); 1 Salvadoran colon (C) = 100 centavos

      Exchange rates: Salvadoran colones (C) per US$1--8.0 (April 1991, floating rate since mid-1990); 5.0000 (fixed rate 1986 to mid-1990)

      Fiscal year: calendar year

      NOTE: The information regarding El Salvador on this page is re-published from the 1991 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of El Salvador Economy 1991 information contained here. All suggestions for corrections of any errors about El Salvador Economy 1991 should be addressed to the CIA.

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    Revised 08-Feb-03
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