El Salvador
- Author: Economic Commission for Latin America and the Caribbean
- Main Title: Economic Survey of Latin America and the Caribbean 1997-1998 , pp 205-212
- Publication Date: December 1998
- DOI: https://doi.org/10.18356/e002ce75-en
- Language: English
In 1997, the economy of El Salvador performed better than in the previous year. Gross domestic product (GDP) rose by 4.1%, a change which was mostly due to a significant increase in exports. Although the trade deficit was still high, the current account balance moved into the black, leading to a considerable accumulation of international reserves. The overall economic picture was remarkably stable. December-to- December inflation fell to a record low of 1.9%, while the annual average was 4.5%; the nominal exchange rate remained unchanged and the fiscal deficit decreased. However, there was no improvement in the employment situation and real wages fell.
© United Nations
ISBN (PDF):
9789210582971
Book DOI:
https://doi.org/10.18356/5777322d-en
Related Subject(s):
Economic and Social Development
Sustainable Development Goals:
Countries:
El Salvador
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