El Salvador
- Author: Economic Commission for Latin America and the Caribbean
- Main Title: Economic Survey of Latin America and the Caribbean 2002-2003 , pp 207-214
- Publication Date: December 2003
- DOI: https://doi.org/10.18356/96b21660-en
- Language: English
Economic growth in El Salvador remained sluggish in 2002. Gross domestic product (GDP) increased by 2.2%, which, while it represented a slight upturn with respect to the 1.9% growth recorded in 2001, resulted in the virtual stagnation of per capita GDP, for the third straight year, at just under US$ 2,000. Family remittances edged slowly upward and continued to play an important role in bolstering private consumption and the external accounts. The almost complete dollarization of the money supply helped to keep interest rates and inflation low.
© United Nations
ISBN (PDF):
9789211558777
Book DOI:
https://doi.org/10.18356/1802ae64-en
Related Subject(s):
Economic and Social Development
Sustainable Development Goals:
Countries:
El Salvador
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