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    El Salvador Economy 1997
    https://photius.com/wfb1997/el_salvador/el_salvador_economy.html
    SOURCE: 1997 CIA WORLD FACTBOOK

      Economy - overview El Salvador possesses a fast-growing entrepreneurial economy in which90% of economic activity is in private hands, with growth averaging 5% since1990. Yet, because the 1980s were a decade of civil war and stagnation, percapita GDP has not regained the level of the late 1970s. The rebound in the 1990s stems from the government program, in conjunction with the IMF, ofprivatization, deregulation, and fiscal stabilization. The economy now isoriented more toward manufacturing and services compared with agriculture.The sizable trade deficits are in the main covered by remittances from thelarge number of Salvadorans abroad.

      GDP purchasing power parity - $12.2 billion (1996 est.)

      GDP - real growth rate 3% (1996 est.)

      GDP - per capita purchasing power parity - $2,080 (1996 est.)

      GDP - composition by sector
      agriculture: 14%
      industry : 27%
      services: 59% (1995)

      Inflation rate - consumer price index 7.4% (1996)

      Labor force
      total: 2.2 million (1996 est.)
      by occupation: agriculture 40%, commerce 16%, manufacturing 15%, government 13%, financialservices 9%, transportation 6%, other 1%

      Unemployment rate 7.6% (1996 est.)

      Budget
      revenues : $1.75 billion
      expenditures: $1.82 billion, including capital expenditures of $317 million (1997est.)

      Industries food processing, beverages, petroleum, chemicals, fertilizer, textiles,furniture, light metals

      Industrial production growth rate 7.6% (1993)

      Electricity - capacity 900,000 kW (1996)

      Electricity - production 3.32 billion kWh (1996)

      Electricity - consumption per capita 580 kWh (1996 est.)

      Agriculture - products coffee, sugarcane, corn, rice, beans, oilseed, cotton, sorghum; beef,dairy products; shrimp

      Exports
      total value: $1.8 billion (f.o.b., 1996)
      commodities: coffee, sugarcane; shrimp; textiles, chemicals
      partners: US, Guatemala, Germany, Costa Rica, Honduras

      Imports
      total value: $3.2 billion (c.i.f., 1996)
      commodities : raw materials, consumer goods, capital goods
      partners: US, Guatemala, Mexico, Panama, Venezuela, Japan

      Debt - external $2.54 billion (yearend 1996)

      Economic aid
      recipient: ODA, $763 million (1996)
      note: US has committed $250 million in aid to El Salvador for 1992-96

      Currency 1 Salvadoran colon (C) = 100 centavos

      Exchange rates Salvadoran colones (C) per US$1 (end of period) - 8.755 (January 1997),8.755 (1996), 8.755 (1995), 8.750 (1994), 8.670 (1993), 9.170 (1992), 8.080(1991)
      note: as of 1 June 1990, the rate is based on the average of the buying andselling rates, set on a weekly basis, for official receipts and payments,imports of petroleum, and coffee exports; prior to that date, a system of floating was in effect

      Fiscal year calendar year

      NOTE: The information regarding El Salvador on this page is re-published from the 1997 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of El Salvador Economy 1997 information contained here. All suggestions for corrections of any errors about El Salvador Economy 1997 should be addressed to the CIA.

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    https://photius.com/wfb1997/el_salvador/el_salvador_economy.html

    Revised 06-Mar-02
    Copyright © 2002 Photius Coutsoukis (all rights reserved)


    ctr03/06/02