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The economy of El Salvador has experienced relatively low rates of GDP growth, in comparison to other developing countries.Rates have not risen above the low single digits in nearly two decades – part of a broader environment of macroeconomic instability which the integration of the United States dollar has done little to improve. [14]
As with other former colonies, El Salvador was considered a mono-export economy (an economy that depended heavily on one type of export) for many years. During colonial times, El Salvador was a thriving exporter of indigo , but after the invention of synthetic dyes in the 19th century, the newly created modern state turned to coffee as the main ...
El Salvador: According to the World Bank, El Salvador is the fourth-largest economy in the region, and has a GDP PPP of $50,903 million. [3] The Salvadoran economy grew by 3% in 2010, after a strong contraction in 2009. [8] Honduras: Is the second-poorest country in Central America, with 60% living in poverty according to the CIA World Factbook.
El Salvador is talking to the International Monetary Fund (IMF) about securing some $1.3 billion in financing and sees a "golden opportunity" to revitalize its economy after the ruling party's big ...
The World Economic Forum's Global Competitiveness Report ranked El Salvador 77 out of 133. El Salvador ranks 124th among 189 countries in the Human Development Index. [1] El Salvador has the second-highest level of income equality in Latin America. [2]
The constitutional chamber of El Salvador's Supreme Court of Justice on Friday declared an executive decree that would establish protocols for the gradual reopening of the economy as unconstitutional.
Alina Carare, who led this mission, released a statement that demonstrated the positive growth El Salvador has seen over the past “The economy grew 2.2 percent in the first half of the year, and inflation hovered around zero. After dipping in the second quarter, remittances growth returned to its long-term rate of 4 percent.
SAN SALVADOR (Reuters) -El Salvador's President Nayib Bukele took office on Saturday for a second term pledging to cure the "illnesses" of the Central American country by prescribing his medicine ...