Buy the DOT on Diskettes or CD-ROM

. . Flags of the World Maps of All Countries

  • |Main INDEX|
  • 2003 INDEX
  • Country Ranks
  • DEFINITIONS


    . Feedback
  • geographic.org Home PageCountry Index

    El Salvador Economy - 2003
    https://theodora.com/wfb2003/el_salvador/el_salvador_economy.html
    SOURCE: 2003 CIA WORLD FACTBOOK

      Economy - overview: In recent years, this Central American economy 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, inflation has fallen to single digit levels, and total exports have grown substantially. The trade deficit has been offset by annual remittances of almost $2 billion from Salvadorans living abroad and by external aid. The US dollar is now the legal tender. Because competitor countries have fluctuating exchange rates, El Salvador must face the challenge of raising productivity and lowering costs.


      GDP: purchasing power parity - $30 billion (2002 est.)


      GDP - real growth rate: 1.9% (2002 est.)


      GDP - per capita: purchasing power parity - $4,700 (2002 est.)


      GDP - composition by sector: agriculture: 10%
      industry: 30%
      services: 60% (2001)


      Population below poverty line: 48% (1999 est.)


      Household income or consumption by percentage share: lowest 10%: 1.4%
      highest 10%: 39.3% (2001)


      Distribution of family income - Gini index: 52.2 (1998)


      Inflation rate (consumer prices): 3.8% (2001 est.)


      Labor force: 2.35 million (1999)


      Labor force - by occupation: agriculture 30%, industry 15%, services 55% (1999 est.)


      Unemployment rate: 10% - but the economy has much underemployment. (2001 est.)


      Budget: revenues: $2.1 billion
      expenditures: $2.5 billion, including capital expenditures of $NA (2001 est.)


      Industries: food processing, beverages, petroleum, chemicals, fertilizer, textiles, furniture, light metals


      Industrial production growth rate: 3% (2002 est.)


      Electricity - production: 3.729 billion kWh (2001)


      Electricity - production by source: fossil fuel: 44%
      hydro: 30.9%
      other: 25.1% (2001)
      nuclear: 0%


      Electricity - consumption: 3.777 billion kWh (2001)


      Electricity - exports: 44 million kWh (2001)


      Electricity - imports: 353 million kWh (2001)


      Oil - production: 0 bbl/day (2001 est.)


      Oil - consumption: 39,000 bbl/day (2001 est.)


      Oil - exports: NA (2001)


      Oil - imports: NA (2001)


      Agriculture - products: coffee, sugar, corn, rice, beans, oilseed, cotton, sorghum; shrimp; beef, dairy products


      Exports: $3 billion (2002 est.)


      Exports - commodities: offshore assembly exports, coffee, sugar, shrimp, textiles, chemicals, electricity


      Exports - partners: US 65%, Guatemala 11%, Honduras 8%, EU 5% (2000)


      Imports: $4.9 billion (2002)


      Imports - commodities: raw materials, consumer goods, capital goods, fuels, foodstuffs, petroleum, electricity


      Imports - partners: US 50%, Guatemala 10%, EU 7%, Mexico 5% (2000)


      Debt - external: $5.6 billion (2001 est.)


      Economic aid - recipient: total $252 million; $57 million from US (1999 est.)


      Currency: US dollar (USD)


      Currency code: USD


      Exchange rates: 8.75 the US dollar is the legal tender


      Fiscal year: calendar year


      NOTE: The information regarding El Salvador on this page is re-published from the 2003 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Guinea Geography 2003 information contained here. All suggestions for corrections of any errors about El Salvador Economy 2003 should be addressed to the CIA.

    Support Our Sponsor

    Support Our Sponsor

    Please ADD this page to your FAVORITES - - - - -



    https://theodora.com/wfb2003/el_salvador/el_salvador_economy.html

    Revised 20-Sep-03
    Copyright © 2003 Photius Coutsoukis (all rights reserved)


    el_salvador_economy_2003