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El Salvador, Guatemala, Honduras, and Nicaragua also are negotiating a free trade agreement with Canada, and negotiations started on 2006 for a free trade agreement with Colombia. El Salvador's balance of payments continued to show a net surplus. Exports in 1999 grew 1.9% while imports grew 3%, narrowing El Salvador's trade deficit.
Location of El Salvador. El Salvador is the smallest and the most densely populated country in Central America.El Salvador's capital and largest city is San Salvador.As of 2015, the country had a population of approximately 6.83 million, consisting largely of Mestizos of European and Indigenous American descent.
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FILE - El Salvador's President Nayib Bukele gives a speech during the inauguration of an industrial data center in Ciudad Arce, El Salvador, July 16, 2024.
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.
Founded in 1519, Panamá Viejo was the first European settlement on the Pacific coast of the Americas. The Historic District is a 17th-century replacement of the original town and preserves its street plan, architecture and blend of Spanish, French and early American styles. [15] [16] Cocos Island National Park Puntarenas Province, Costa Rica
San Salvador (Spanish pronunciation: [san salβaˈðoɾ];) is the capital and the largest city [5] of El Salvador and its eponymous department. [6] It is the country's largest agglomeration, serving as the country's political, cultural, educational and financial center. [7]
The largest wind park in the Central American region is located in Metapán, El Salvador [140] El Salvador's energy industry is diversified across, relying on fossil fuels , hydro , other renewables (mainly geothermal ) for local electricity production, along with a reliance on imports for oil .