El Salvador: GDP Up 2.5% in 2015
31 Mar 2016The Reserve Bank noted that domestic consumption and private investment accounted for most of the growth in economic activity during the year.
From a statement issued by the Reserve Bank:
March 31 - The Central Reserve Bank today announced El Salvador's macroeconomic performance in 2015 and projections for the period 2016-2018.
Dr. Oscar Cabrera, President of the Institution, said at a news conference that economic growth in 2015 was driven by domestic consumption, a rise in private investment and exports, as well as international conditions that offered opportunities to stimulate economic growth.
The wave of violence and insecurity affecting the country prevented further growth of economic activity, which increased by 2.5% in 2015 compared to the previous year.
This year, the central bank projects lower growth, of about 2.3%, mainly due to "... some weakening in the prospects for the international environment and the economy's main trading partner, the US."
See "El Salvador's Economic Results in 2015 and Projections" (In Spanish)