El Salvador

El Salvador dropped 3 places to 110th despite real growth of +3.9%, as US$ GDP rose 5.2% to US$36.7 billion. It now sits between Senegal and Lebanon.

Services account for 58.9% of output, industry 24.5% and agriculture 4.4%, with manufacturing at 12.7%. Inflation was just 0.3% and unemployment 3.3%, but government gross debt stands at 87.6% of GDP. With 6.4 million people, GDP per capita of US$5,767 ranks 120th, and 121st on a PPP basis.

The longer arc shows a slide down the table. El Salvador ranked 86th in 2000, when its economy measured US$11.8 billion, and has grown 3.1 times in dollar terms since. The 18th-largest economy in Latin America & Caribbean is now about the size of the Anchorage, AK metro area. The IMF projects GDP of US$48.6 billion by 2030, a +32% rise that would lift it to 108th.