El Salvador
- Author: Economic Commission for Latin America and the Caribbean
- Main Title: Economic Survey of Latin America and the Caribbean 2000-2001 , pp 169-176
- Publication Date: October 2001
- DOI: https://doi.org/10.18356/dd6b48e2-en
- Language: English
For the third consecutive year, economic growth slowed in El Salvador. With real gross domestic product (GDP) increasing by a mere 2%, per capita GDP remained practically flat. The expansion of domestic demand was limited, but income from abroad, in contrast, increased substantially as both family remittances -equivalent to 13% of GDP- and exports of goods rose. Imports, however, also climbed strongly, and at the same time there was a substantial deterioration in the terms of trade, widening the current-account deficit to 3% of GDP. Increased public spending also expanded the fiscal gap. Year-on-year inflation rose by 4.3% after being negative in 1999, while the open unemployment rate dipped slightly and real wages fell.
© United Nations
ISBN (PDF):
9789211558661
Book DOI:
https://doi.org/10.18356/7a13d8be-en
Related Subject(s):
Economic and Social Development
Sustainable Development Goals:
Countries:
El Salvador
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