1945

The growth rate of the gross domestic product (GDP) of El Salvador in 1998 was 3.2%, which was slightly less than in 1997 (4.2%) and much lower than the annual average of 6.8% achieved during the four-year economic recovery (1992-1995) that followed the signing of the Chapultepec Peace Agreement. One of the factors that played a role in this regard was the negative growth of the agricultural sector (-0.9%), which in turn was due partly to lower international prices for certain commodities, such as coffee, and partly to the direct and indirect effects of El Nino and Hurricane Mitch.

Related Subject(s): Economic and Social Development
Countries: El Salvador
/content/books/9789210582964s003-c009
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