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El Salvador Economy 1997https://photius.com/wfb1997/el_salvador/el_salvador_economy.htmlSOURCE: 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
Inflation rate - consumer price index 7.4% (1996) Labor force
Unemployment rate 7.6% (1996 est.) Budget
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
Imports
Debt - external $2.54 billion (yearend 1996) Economic aid
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)
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. |