El Salvador
- Author: Economic Commission for Latin America and the Caribbean
- Main Title: Economic Survey of Latin America and the Caribbean 2004-2005 , pp 227-233
- Publication Date: December 2005
- DOI: https://doi.org/10.18356/4fe3b631-en
- Language: English
The Salvadoran economy grew by 1.5% in 2004, while per capita GDP fell for the fifth consecutive year. Rising inflows of foreign exchange in the form of family remittances (which amounted to 16.1% of GDP) and increased non-maquila exports were not enough to make up for the decline in maquila output and the sharp drop in public investment (40.4%) caused, in large part, by the delay in getting the national budget through Congress. With such a steep contraction of public investment and waning private investment in the construction sector, gross fixed capital formation was down by 3.8%.
© United Nations
ISBN (PDF):
9789211555684
Book DOI:
https://doi.org/10.18356/ffa7a71a-en
Related Subject(s):
Economic and Social Development
Sustainable Development Goals:
Countries:
El Salvador
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