El Salvador

Description of El Salvador

El Salvador, a small yet vibrant country in Central America, has a rich cultural heritage and a tumultuous history marked by civil wars and natural disasters. Despite its challenges, El Salvador is a country with immense potential for growth and development. With a population known for its resilience and determination, El Salvador continues to strive towards economic stability and social progress. This website aims to provide insights into the geopolitical and macroeconomic factors shaping El Salvador's trajectory, offering a deeper understanding of this unique nation's place in the global landscape.

Population And Age Structure

Population, total: El Salvador's population of 6,292,731 is significantly below the average population of 40,097,746. With a rank of 109 out of 194 countries, El Salvador falls in the lower half in terms of population size.

Population ages 0-14 (% of total population): El Salvador's percentage of population ages 0-14 at 26.08% is slightly below the average of 27.34%. The country ranks 98 out of 194 countries in this demographic.

Population ages 0-14, total: The total number of individuals aged 0-14 in El Salvador is 1,641,395, which is considerably lower than the average of 10,327,380. Moreover, El Salvador ranks 106th out of 194 countries in this demographic.

Population ages 15-64 (% of total population): El Salvador's percentage of population ages 15-64 stands at 65.81%, higher than the average of 63.44%. This places El Salvador at the 71st rank out of 194 countries.

Population ages 15-64, total: With a total of 4,141,387 individuals aged 15-64, El Salvador's population in this age group is well below the average of 26,003,407. The country ranks 109th out of 194 countries in this category.

Population ages 65 and above (% of total population): El Salvador's 8.10% population aged 65 and above is lower than the average of 9.22%. The country ranks 84th out of 194 countries in this age bracket.

Population ages 65 and above, total: The total population aged 65 and above in El Salvador is 509,949, significantly lower than the average of 3,766,959. El Salvador ranks 102nd out of 194 countries in this demographic.

Summary

El Salvador has a relatively small population compared to the global average, with a higher percentage of individuals in the working-age bracket (15-64 years) and lower percentages in the younger and older age groups. This demographic profile is crucial for policymakers and businesses as it indicates the country's potential labor force size, dependency ratio, and implications for social welfare and healthcare systems.

Population Miscellaneous

El Salvador's rural population of 1,671,098 is significantly below the average of 18,044,041. The country ranks 112th out of 190 countries in this aspect.

With a rural population (% of total population) of 26.556%, El Salvador falls below the average of 41.158%. It ranks 130th out of 190 countries.

El Salvador's urban population of 4,621,633 is well below the average of 22,425,747. This places the country at the 96th position out of 194 countries.

The urban population (% of total population) in El Salvador stands at 73.444%, above the average of 59.691%. The country is ranked 65th out of 194 nations.

El Salvador's age dependency ratio (% of working-age population) is 51.947%, slightly below the average of 59.219%. It ranks 124th out of 194 countries.

With a crude birth rate of 16.188 per 1,000 people, El Salvador is below the average of 19.384. The country holds the 102nd rank out of 192 countries.

El Salvador's crude death rate of 8.442 per 1,000 people is slightly above the average of 8.214. It ranks 74th out of 192 countries.

The total fertility rate in El Salvador is 1.819 births per woman, lower than the average of 2.603. The country ranks 114th out of 190 nations.

Summary

El Salvador exhibits a unique demographic profile with lower rural and urban populations compared to global averages. The country also has a lower age dependency ratio, crude birth rate, crude death rate, and total fertility rate. These indicators are important as they offer insights into El Salvador's population structure, workforce dynamics, healthcare system, and potential future demographic challenges.

Military

El Salvador's military expenditure in current USD is 343,900,000, ranking 98 out of 149 countries. This value is significantly below the average military expenditure of 12,904,993,617.16.

The country's military expenditure as a percentage of GDP stands at 1.40%, ranking 86 out of 148 countries. El Salvador's percentage is below the average of 1.90%.

El Salvador's arms imports are 4,000,000, placing it at rank 97 out of 113 countries. The country's arms imports are substantially lower than the average of 205,522,123.89.

With a total of 42,000 armed forces personnel, El Salvador ranks 78 out of 164 countries. The number of personnel is below the average of 165,908.54.

El Salvador's armed forces personnel as a percentage of the total labor force is 1.60%, ranking 37 out of 164 countries. This figure is above the average of 1.28%.

Summary

In summary, El Salvador's military expenditure, arms imports, and armed forces personnel numbers are below the global averages. Despite this, the country maintains a relatively high percentage of armed forces personnel compared to the total labor force. These indicators are crucial as they reflect El Salvador's prioritization of military resources and manpower relative to its economic output and workforce participation.

Natural Resources

El Salvador's forest area covers 5838.8 sq. km. This is significantly below the attribute average of 211606.11 sq. km, ranking 134th out of 191 countries.

The land area of El Salvador is 20720 sq. km, notably lower than the attribute average of 665166.51 sq. km, ranking 149th out of 194 countries.

El Salvador's surface area is 21040 sq. km, also below the attribute average of 689779.56 sq. km, ranking 149th out of 194 countries.

The arable land in El Salvador is 721000 hectares, well under the attribute average of 7329543.16 hectares, ranking 117th out of 190 countries.

Land under cereal production in El Salvador is 333820 hectares, significantly lower than the attribute average of 4206011.63 hectares, ranking 109th out of 174 countries.

El Salvador receives an average precipitation depth of 1784 mm per year, above the attribute average of 1157.83 mm per year, ranking 40th out of 178 countries.

The renewable internal freshwater resources of El Salvador total 15.63 billion cubic meters, significantly below the attribute average of 240.41 billion cubic meters, ranking 108th out of 178 countries.

Summary

El Salvador's land metrics, including forest area, land area, arable land, and land under cereal production, are notably below global averages, indicating limited agricultural resources. Despite receiving above-average precipitation, its renewable internal freshwater resources are significantly below the global average. These findings highlight El Salvador's challenges in sustainable agriculture and water resource management, which are crucial for its economic development and food security.

Resource Rents

El Salvador's total natural resources rents account for 0.76% of its GDP, which is below the average of 4.63%. This places El Salvador at rank 109 out of 175 countries in the dataset.

Similarly, El Salvador's forest rents make up 0.76% of its GDP, also below the average of 1.53%. This places El Salvador at rank 64 out of 174 countries.

On the other hand, El Salvador's oil rents as a percentage of GDP are extremely low, at 0.00006%, significantly below the average of 2.51%. Consequently, El Salvador is ranked 116 out of 117 countries in this category.

Summary

El Salvador ranks below average in both total natural resources rents and forest rents as a percentage of GDP. However, its oil rents are extremely low, placing the country near the bottom of the list globally. These indicators highlight El Salvador's limited utilization and monetization of its natural resources compared to other nations, signaling potential challenges in leveraging its resource wealth for economic development and sustainability.

Commodities

Among 174 countries in Cereal production, El Salvador's production of 911,983.75 metric tons is significantly below the average of 17,249,945.93 metric tons, ranking 110th.

In Aquaculture production out of 180 countries, El Salvador's production of 8,378 metric tons falls well below the average of 679,642.92 metric tons, placing it at 83rd.

El Salvador's Capture fisheries production stands at 59,674.39 metric tons, which is notably lower than the average of 467,453.06 metric tons among 190 countries, putting it at 94th.

For Total fisheries production, El Salvador's 68,052.39 metric tons is considerably less than the average of 1,153,914.85 metric tons across 182 countries, ranking it at 92nd.

El Salvador's Fertilizer consumption of 80.97 kilograms per hectare of arable land is below the average of 159.04 kilograms per hectare. El Salvador is ranked 103rd out of 187 countries in this regard.

Summary

El Salvador's production in key agricultural sectors such as Cereal, Aquaculture, Capture fisheries, and Total fisheries falls significantly below the global averages, ranking between 83rd to 110th among countries worldwide. Additionally, the country's low fertilizer consumption per hectare of arable land further reflects potential challenges in enhancing agricultural productivity and sustainability.

These findings highlight El Salvador's relatively limited capacity in crucial sectors of agriculture and fisheries, which are vital for food security, economic development, and export potential. Addressing these shortcomings through improved technology, infrastructure, and sustainable practices could help boost the country's agricultural output and overall competitiveness in the global market.

Intellectual Property

El Salvador's industrial design applications by nonresidents are significantly below the global average, ranking 94th out of 112 countries. Similarly, the country's industrial design applications by residents are notably below average, ranking 100th out of 113 countries.

El Salvador's patent applications by nonresidents are also below average, ranking 64th out of 129 countries. The country's patent applications by residents are substantially below average, ranking 110th out of 117 countries.

When it comes to trademark applications by nonresidents, El Salvador is well below the average, ranking 60th out of 130 countries. The country's trademark applications by residents are significantly below average, ranking 74th out of 129 countries.

El Salvador's scientific and technical journal articles production is notably below the average, ranking 167th out of 192 countries.

Regarding charges for the use of intellectual property, El Salvador's payments are significantly below the average, ranking 71st out of 143 countries. Conversely, the country's receipts for intellectual property use are also substantially below average, ranking 94th out of 122 countries.

Summary

El Salvador's performance in key macroeconomic indicators related to intellectual property, such as industrial design, patent, trademark applications, scientific articles production, and intellectual property use payments, ranks consistently below global averages. This suggests a relatively lower level of innovation, research, and development activity in the country compared to its global peers. This could hinder El Salvador's competitiveness in the global knowledge economy and its ability to attract investment and foster economic growth in the long run.

Broad Economy Attributes

When looking at the GDP (current US$), El Salvador's value of $24,930,080,000 is below the average of $442,870,224,838.68. El Salvador ranks 102 out of 189 countries in this attribute.

For GDP, PPP (current international $), El Salvador's value of $55,118,944,280.38 is also below the average of $734,141,122,350.78. El Salvador ranks 102 out of 181 countries in this attribute.

El Salvador's GDP per capita (current US$) of $3,961.73 is below the average of $15,462.11. El Salvador ranks 116 out of 190 countries for this metric.

In terms of GDP per capita, PPP (current international $), El Salvador's value of $8,759.15 is also below the average of $21,251.89. El Salvador ranks 113 out of 181 countries in this category.

Looking at GNI (current US$), El Salvador's value of $23,672,570,000 falls below the average of $452,040,815,370.70. El Salvador ranks 101 out of 185 countries for this indicator.

For GNI, PPP (current international $), El Salvador's value of $52,338,663,446.06 is below the average of $730,698,223,823.47. El Salvador ranks 105 out of 181 countries in this attribute.

El Salvador's GNI per capita, PPP (current international $) stands at $8,320, which is below the average of $20,615.75. El Salvador ranks 114 out of 181 countries in this metric.

Summary

El Salvador's key macroeconomic indicators, including GDP, GDP per capita, and GNI, consistently fall below global averages, placing the country in lower rankings compared to other nations. These statistics are crucial as they reflect El Salvador's economic performance and standard of living relative to the rest of the world, highlighting areas where the country may need to focus on improvement to enhance its economic development and well-being of its citizens.

Broad Value Added

For "Gross value added at basic prices (GVA) (current US$)", El Salvador's value is $22,572,980,000. This is significantly below the average of $360,070,943,595.12, ranking El Salvador 95th out of 176 countries.

Concerning "Agriculture, forestry, and fishing, value added (% of GDP)", El Salvador contributes 5.35% to its GDP, lower than the average of 10.86%. This places El Salvador in 110th position out of 182 countries.

In "Agriculture, forestry, and fishing, value added (current US$)", El Salvador's value is $1,334,480,000, below the average of $19,924,732,828.07. El Salvador ranks 119th out of 182 countries.

Regarding "Services, value added (% of GDP)", El Salvador's contribution is 61.44% of its GDP, higher than the average of 56.72%. This places El Salvador at the 58th position out of 183 countries.

For "Services, value added (current US$)", El Salvador's value is $15,317,920,000, significantly below the average of $295,837,711,130.69. El Salvador ranks 100th out of 183 countries.

Lastly, in "Industry (including construction), value added (current US$)", El Salvador's value is $5,920,600,000, well below the average of $118,421,095,413.50. This ranks El Salvador 106th out of 183 countries.

Summary

El Salvador lags behind global averages in key macroeconomic indicators such as Gross Value Added, Agriculture, Forestry, and Fishing value added, Services value added, and Industry value added. These rankings reflect the country's positioning in the global economy, highlighting areas where it may need to focus on to improve economic performance and competitiveness.

Manufacturing Value Added

The value added in Manufacturing in El Salvador is $3,681,780,000. It is significantly below the average of $76,207,179,589.66, placing El Salvador at rank 92 out of 173 countries in the dataset.
Manufacturing as a percentage of GDP in El Salvador is 14.77%, which is above the average of 11.90%. El Salvador ranks 52 out of 173 countries in this aspect.
The value added in medium and high-tech manufacturing as a percentage of total manufacturing value added is 19.13% in El Salvador, below the average of 24.49%. This places El Salvador at rank 85 out of 149 countries in the dataset.

Summary

El Salvador's manufacturing sector contributes significantly less to its GDP compared to the average of all countries in the dataset, ranking 92nd in value added. However, the country performs relatively well in terms of manufacturing as a percentage of GDP, ranking 52nd. Despite this, El Salvador lags behind in high-tech manufacturing value added, ranking 85th. These statistics are important as they indicate areas where El Salvador can potentially focus on improving competitiveness and technological advancement within its manufacturing sector to enhance overall economic growth and sustainability.

Money

1. Inflation, consumer prices (annual %): El Salvador has a deflation rate of -0.37%, which is below the average inflation rate of 8.26%. This places El Salvador at rank 145 out of 165 countries in the dataset.

2. Inflation, GDP deflator (annual %): El Salvador's GDP deflator inflation rate is 0.60%, lower than the average of 6.90%. The country ranks 134 out of 188 countries in this metric.

3. Broad money growth (annual %): El Salvador's broad money growth is 8.87%, below the average of 18.03%. This places El Salvador at rank 104 out of 139 countries.

4. Broad money (% of GDP): El Salvador's broad money as a percentage of GDP is 69.34%, slightly below the average of 71.75%. The country ranks 63 out of 139 countries in this aspect.

5. Broad money to total reserves ratio: El Salvador's ratio is 5.61, slightly above the average of 5.17. This places El Salvador at rank 22 out of 126 countries.

Summary

In summary, El Salvador has below-average inflation rates for both consumer prices and GDP deflator, as well as below-average broad money growth and broad money as a percentage of GDP. However, it has a slightly higher than average broad money to total reserves ratio. These indicators are crucial as they provide insights into the country's economic stability, monetary policy effectiveness, and financial health in relation to its peers globally.

Consumption Expenditure

Final consumption expenditure (current US$): El Salvador's final consumption expenditure is $24,998,400,000, which is significantly below the average of $38,163,025,251.38. El Salvador ranks 92 out of 159 countries in this attribute.

Final consumption expenditure (% of GDP): El Salvador's final consumption expenditure is 100.27% of its GDP, which is above the average of 82.37%. El Salvador ranks 19 out of 159 countries in this attribute.

General government final consumption expenditure (current US$): El Salvador's general government final consumption expenditure is $4,908,880,000, much lower than the average of $93,676,578,238.03. El Salvador ranks 88 out of 158 countries in this attribute.

General government final consumption expenditure (% of GDP): El Salvador's general government final consumption expenditure is 19.69% of its GDP, slightly above the average of 18.71%. El Salvador ranks 62 out of 158 countries in this attribute.

Household and NPISHs Final consumption expenditure (current US$): El Salvador's household and NPISHs final consumption expenditure is $20,089,530,000, significantly below the average of $290,127,571,157.69. El Salvador ranks 90 out of 158 countries in this attribute.

Households and NPISHs final consumption expenditure (% of GDP): El Salvador's households and NPISHs final consumption expenditure is 80.58% of its GDP, which is above the average of 63.68%. El Salvador ranks 26 out of 158 countries in this attribute.

Summary

El Salvador's final consumption expenditure metrics paint a picture of a country with relatively lower overall consumption expenditure compared to the global average. While its final consumption expenditure in current US dollars is below average, its percentage of GDP spent on consumption is higher than the average. This indicates that El Salvador may be relying more heavily on domestic consumption to drive its economy, potentially indicating a need for diversification and expansion of economic activities to boost overall consumption levels and enhance economic growth.

Investment

Foreign direct investment, net (BoP, current US$): El Salvador's net FDI is -271,765,463.35, significantly below the average of -1,615,235,980.51. The country ranks 82 out of 169 included in the data.

Foreign direct investment, net inflows (BoP, current US$): El Salvador's net FDI inflows amount to 386,532,637.68, lower than the average of 5,749,271,080.15. It ranks 102 out of 182 countries.

Foreign direct investment, net inflows (% of GDP): El Salvador's net FDI inflows as a percentage of GDP stand at 1.55%, below the average of 2.61%. The country ranks 93 out of 178 nations.

Foreign direct investment, net outflows (BoP, current US$): El Salvador's net FDI outflows are 114,767,174.32, well below the average of 5,707,991,116.07. It ranks 69 out of 156 countries.

Foreign direct investment, net outflows (% of GDP): El Salvador's net FDI outflows as a percentage of GDP are 0.46%, under the average of 1.00%. The country ranks 54 out of 155 nations.

Portfolio Investment, net (BoP, current US$): El Salvador's net portfolio investment stands at 250,756,830.06, below the average of 679,559,169.57. It ranks 54 out of 159 countries.

Portfolio investment, bonds (PPG + PNG) (NFL, current US$): El Salvador's bond portfolio investment is 839,000,000, below the average of 4,134,263,915.25. The country ranks 22 out of 59 nations.

Summary

El Salvador's foreign direct investment (FDI) statistics reveal that the country is receiving less FDI compared to the global average. This could indicate a less attractive investment environment or a lack of substantial projects attracting foreign investors. Additionally, the country's net portfolio investment is also below average, suggesting potential limitations in attracting capital for financial market investments.

These findings are crucial as they highlight El Salvador's positioning in the global economy and its ability to attract foreign capital for long-term investments. Lower FDI and portfolio investment levels may impact the country's economic growth potential, industrial development, and financial market stability in the long run.

Debt

Total debt service (% of GNI) for El Salvador is 21.79%, significantly higher than the average of 5.98%. El Salvador ranks 5th out of 120 countries in this statistic.

Public and publicly guaranteed debt service (% of GNI) stands at 4.42% for El Salvador, above the average of 2.84%. The country ranks 25th out of 120 countries.

El Salvador's External debt stocks (% of GNI) is 78.06%, surpassing the average of 65.42%. This places El Salvador at the 28th position out of 120 countries.

In terms of Debt service on external debt, total (TDS, current US$), El Salvador's value of $5,158,288,639.4 is below the average of $9,811,195,839.23. The country ranks 27th out of 123 countries.

Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$) is $1,045,327,857 for El Salvador, lower than the average of $3,310,612,057.60. El Salvador ranks 46th out of 123 countries.

External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$) amount to $10,790,893,474.2 for El Salvador, below the average of $28,695,879,144.98. El Salvador is ranked 53rd out of 123 countries.

External debt stocks, private nonguaranteed (PNG) (DOD, current US$) in El Salvador is $5,167,452,000, significantly below the average of $33,734,699,285.22. The country ranks 46th out of 91 countries.

With External debt stocks, total (DOD, current US$) at $18,479,126,634.2, El Salvador falls below the average of $73,845,530,111.82. The country ranks 52nd out of 123 countries.

Summary

El Salvador exhibits a mixed picture in terms of its debt indicators. While its total debt service (% of GNI) and external debt stocks (% of GNI) are significantly higher than the global averages, indicating a relatively heavy debt burden, the country performs better in metrics such as debt service on external debt and external debt stocks, where it falls below the global averages. These statistics are crucial as they provide insights into El Salvador's financial obligations, its ability to repay debts, and its overall economic stability in the international arena.

Broad Trade Attributes

El Salvador's Trade (% of GDP) stands at 66.06%, below the average of 82.34%. It ranks 87th out of 163 countries.

The country's Merchandise trade (% of GDP) is 58.94%, slightly below the average of 60.01%. El Salvador ranks 67th out of 186 countries.

El Salvador's Trade in services (% of GDP) is 14.47%, notably below the average of 24.63%. It holds the 89th rank out of 171 countries.

Regarding External balance on goods and services (current US$), El Salvador reports a deficit of $4.33 billion, significantly lower than the average of $3.41 billion. It ranks 133rd out of 163 countries.

El Salvador's External balance on goods and services (% of GDP) is -17.37%, well below the average of -5.97%. The country ranks 134th out of 163 countries in this aspect.

Summary

El Salvador's trade as a percentage of GDP is below the global average, both in terms of total trade and specifically in merchandise trade. The country also lags behind in trade in services compared to the average. Additionally, El Salvador's external balance on goods and services shows a significant deficit, much higher than the global average.

These indicators are crucial as they reveal El Salvador's dependence on trade, its competitiveness in the global market, and its ability to balance imports and exports. The deficits in external balance highlight potential challenges in terms of sustainability and financial stability that the country may need to address in order to boost its economic growth and development.

Net Trade

El Salvador's current account balance in US dollars is $403,054,006.21, ranking 52nd out of 170 countries. This value is below the attribute average of $1,443,864,831.49.

The current account balance as a percentage of GDP in El Salvador is 1.62%, placing it at the 52nd position out of 170 countries. This percentage is higher than the attribute average of -2.36%.

El Salvador's net trade in goods and services is valued at -$4,324,067,254.16. This places El Salvador at the 138th position out of 171 countries, with a value significantly below the attribute average of $2,604,730,003.57.

The net primary income for El Salvador is -$1,257,509,908.23, which is ranked 111th out of 170 countries. The value is lower than the attribute average of -$903,807,529.74.

El Salvador's net secondary income is $5,984,631,168.60, ranking 19th out of 170 countries. This value is considerably above the attribute average of -$269,227,340.40.

The net trade in goods for El Salvador stands at -$5,025,427,640.11, ranking 137th out of 171 countries. This value is significantly lower than the attribute average of $1,302,831,005.68.

El Salvador's net capital account is $300,416,491.53, placing it at the 35th position out of 159 countries. The value is higher than the attribute average of $136,543,824.05.

Lastly, the net financial account for El Salvador is -$1,197,375,626.69, ranking 122nd out of 170 countries. This value is below the attribute average of -$469,840,994.63.

Summary

El Salvador's current account balance, although below the global average, exhibits a positive trend, ranking 52nd out of 170 countries. This suggests a relative stability in its international trade and financial transactions. However, the significant disparity in net trade in goods and services, and net trade in goods indicates some challenges that El Salvador may face in balancing its trade deficits. The relatively high ranking in net secondary income and net capital account reflects strong performance in attracting investments and receiving external financial inflows, which could be vital for economic growth and development.

Broad Export Attributes

1. Exports of goods, services and primary income (BoP, current US$): El Salvador's value of $6,277,498,209.30 is significantly below the attribute average of $146,238,908,936.30. El Salvador is ranked 108th out of 170 countries.

2. Exports of goods and services (BoP, current US$): El Salvador's value of $6,073,499,480.43 is notably lower than the attribute average of $122,938,540,059.78. El Salvador ranks 106th out of 170 countries in this category.

3. Exports of goods and services (current US$): With a value of $6,069,020,000, El Salvador falls short of the attribute average of $129,596,864,610.19. The country is ranked 102nd out of 163 countries.

4. Exports of goods and services (% of GDP): El Salvador's value of 24.34% is below the attribute average of 38.19%. The country is ranked 106th out of 163 countries.

5. Goods exports (BoP, current US$): El Salvador's value of $3,919,625,501.14 is significantly lower than the attribute average of $93,310,581,697.39. El Salvador ranks 111th out of 171 countries.

6. International tourism, receipts (% of total exports): El Salvador's percentage of 12.43% is above the attribute average of 9.74%. The country is ranked 23rd out of 120 countries.

7. ICT goods exports (% of total goods exports): El Salvador's percentage of 0.30% is below the attribute average of 3.81%. The country is ranked 86th out of 142 countries.

Summary

El Salvador's key macroeconomic indicators for exports show that the country lags behind global averages in terms of the value of exports across various categories. Despite being below average in most export indicators, El Salvador performs relatively well in international tourism receipts as a percentage of total exports. These findings are important as they highlight areas where El Salvador may need to focus on improving its export competitiveness and diversification to enhance economic growth and stability.

Merchandise Exports

El Salvador's merchandise exports amount to $4.8 billion, significantly below the average of $89.5 billion, ranking 108th out of 187 countries.

The country's agricultural raw materials exports account for 0.80% of total merchandise exports, lower than the average of 2.97%. El Salvador ranks 93rd out of 151 countries in this aspect.

With food exports making up 20.41% of total merchandise exports, El Salvador falls below the average of 24.06%. It ranks 64th out of 152 countries in this category.

El Salvador's fuel exports constitute 3.21% of merchandise exports, well below the average of 13.70%, ranking 74th out of 147 countries.

In terms of ores and metals exports, El Salvador's 0.90% falls short of the average of 9.10%, placing it 122nd out of 152 countries.

The country's residual merchandise exports, at 0.02% of the total, is markedly lower than the average of 3.20%. El Salvador ranks 125th out of 166 countries in this aspect.

Summary

El Salvador's merchandise exports are significantly below global averages across various categories such as agricultural raw materials, food, fuel, ores and metals, and residual merchandise. These rankings indicate a lack of diversification in the country's export base and suggest potential vulnerabilities to fluctuations in specific markets or sectors.

Understanding these statistics is crucial for policymakers, investors, and analysts as it highlights El Salvador's reliance on a narrow range of export products. Diversifying export portfolios can help mitigate risks associated with overdependence on specific industries, enhance resilience to external shocks, and foster sustainable economic growth in the long term.

Technology Exports

El Salvador's manufactures exports account for 74.51% of its merchandise exports, which is significantly higher than the average of 42.62%. This places El Salvador at rank 34 out of 152 countries in this category.

El Salvador's high-technology exports amount to $228,056,199, far below the average of $16,655,934,078.80. El Salvador ranks 71 out of 151 countries in this aspect.

The country's high-technology exports as a percentage of manufactured exports stand at 6.37%, falling short of the average of 10.15%. This places El Salvador at rank 77 out of 150 countries.

El Salvador's medium and high-tech exports as a percentage of manufactured exports are at 16.84%, below the average of 34.29%. The country ranks 102 out of 149 countries in this category.

Summary

El Salvador performs below average in key macroeconomic indicators related to its manufacturing sector and high-technology exports. The country ranks lower in high-technology exports, both in absolute terms and as a percentage of manufactured exports, when compared to global averages. This signifies a potential lack of technological advancement and innovation within El Salvador's manufacturing industry, highlighting the need for increased focus and investment in high-tech sectors to improve competitiveness and economic growth.

Service Exports

El Salvador's Service exports amount to $2,153,873,979.29, ranking 87th out of 171 countries. This value is significantly below the average of $28,917,292,503.82 for this attribute.

El Salvador's ICT service exports stand at $236,048,164.53, placing it at the 75th position out of 166 countries. This value is notably below the average of $4,578,501,153.77.

ICT service exports contribute 10.96% to El Salvador's total service exports, ranking it 60th out of 166 countries. This percentage is slightly lower than the average of 11.75%.

Communications, computer, etc. services constitute 53.72% of El Salvador's service exports, putting it at the 65th position out of 169 countries. This value is higher than the average of 45.85%.

Transport services represent 12.68% of El Salvador's service exports, ranking 104th out of 169 countries. This percentage is significantly below the average of 21.80%.

Travel services contribute 29.54% to El Salvador's service exports, ranking it 58th out of 167 countries. This value is higher than the average of 26.40%.

Insurance and financial services account for 4.07% of El Salvador's service exports, placing it at the 75th position out of 161 countries. This percentage is notably lower than the average of 6.46%.

Summary

El Salvador's service exports are below average in terms of total value, ICT service exports, and contribution of ICT services to total service exports. However, the country performs above average in the export of communications, computer, etc. services, travel services, but notably below average in transport services and insurance/financial services.

These findings are crucial for understanding El Salvador's economic structure and competitiveness in the global market. They highlight areas where the country can focus on improving, such as increasing ICT service exports and enhancing the contribution of transport and financial services to overall exports. By addressing these disparities, El Salvador can enhance its economic growth and competitiveness on the international stage.

Commercial Service Exports

El Salvador's Commercial service exports amount to $2.05 billion, ranking 87th out of 171 countries. This value is significantly below the average of $28.51 billion.

Travel services account for 31.05% of El Salvador's commercial service exports, which is above the average of 27.89%. The country ranks 57th out of 167 countries in this category.

El Salvador's Computer, communications, and other services constitute 51.35% of its commercial service exports, which is higher than the average of 42.44%. The country ranks 67th out of 169 countries for this attribute.

Insurance and financial services make up 4.27% of El Salvador's commercial service exports, below the average of 6.97%. The country ranks 75th out of 161 countries in this aspect.

Transport services contribute to 13.32% of El Salvador's commercial service exports, significantly lower than the average of 23.37%. The country ranks 106th out of 169 countries in this category.

Summary

El Salvador's commercial service exports are below the global average, with a noticeable reliance on travel services and computer-related services. While the country excels in these areas compared to the global average, its contributions from insurance, financial services, and transport services are lagging behind.

These findings are important as they shed light on El Salvador's trade dependencies and strengths. They indicate potential areas for growth and development, such as diversifying export services beyond travel and computer-related services to boost overall export revenue and competitiveness in the global market.

Broad Import Attributes

El Salvador's imports of goods and services amount to $10,400,310,000, ranking 91 out of 163 countries. This value is below the average of $126,191,355,599.06 for this attribute.

Imports of goods and services as a percentage of GDP in El Salvador is 41.72%, ranking 68 out of 163 countries. This percentage is slightly below the average of 44.15%.

El Salvador's international tourism expenditures as a percentage of total imports stand at 1.56%, placing it at 109 out of 131 countries. This figure is notably lower than the average of 3.98%.

The percentage of ICT goods imports in El Salvador, at 5.30%, ranks 71 out of 143 countries, coming in below the average of 6.85%.

El Salvador's goods imports (Balance of Payments) amount to $8,945,053,141.25, ranking 91 out of 171 countries. This value is significantly below the average of $92,007,788,027.17.

For imports of goods and services (Balance of Payments), El Salvador's value of $10,397,566,734.59 places it at 94 out of 170 countries, below the average of $120,321,577,988.12.

In terms of imports of goods, services, and primary income (Balance of Payments), El Salvador's value of $11,859,075,371.69 ranks it at 94 out of 170 countries. This figure falls considerably below the average of $144,514,428,722.28.

Summary

El Salvador's import statistics reveal a consistent trend of below-average performance across various categories, such as total imports, ICT goods imports, and international tourism expenditures. These figures suggest that El Salvador may have limited purchasing power and a less diversified import profile compared to the global average. Such insights are crucial for policymakers and investors in understanding El Salvador's trade dynamics and economic resilience in the face of external shocks.

Merchandise Imports

El Salvador's merchandise imports amount to $9.888 billion, which is below the average of $89.386 billion, ranking 91st out of 190 countries.

Manufactures imports account for 64.63% of El Salvador's merchandise imports, slightly below the average of 66.75%, placing it 94th out of 152 countries.

El Salvador's agricultural raw materials imports constitute 1.90% of its merchandise imports, higher than the average of 1.27%, giving it a rank of 23 out of 152 countries.

Food imports in El Salvador represent 21.78% of merchandise imports, exceeding the average of 15.89%, and ranking 32nd out of 152 countries.

Fuel imports in El Salvador stand at 10.32% of merchandise imports, lower than the average of 11.38%, placing it 81st out of 152 countries.

Ores and metals imports in El Salvador make up 1.13% of merchandise imports, significantly below the average of 2.57%, and ranked 107th out of 152 countries.

El Salvador's residual merchandise imports by the reporting economy constitute 0.20% of total merchandise imports, significantly below the average of 2.51%, resulting in a rank of 108 out of 180 countries.

Summary

El Salvador's import profile shows a mix of strengths and challenges. While the country performs well in importing agricultural raw materials and food compared to the global average, it lags in fuel and ores & metals imports. This indicates a dependency on agricultural products and potential vulnerabilities in energy and industrial sectors, highlighting the need for diversification and strategic resource management for long-term economic stability.

Service Imports

El Salvador's service imports amount to $1,452,513,593.34, ranking 109 out of 171 countries. This figure is significantly below the average of $27,615,356,170.47.

Communications, computer, etc. account for 23.10% of El Salvador's service imports, ranking 144 out of 169 countries. This percentage is below the average of 44.40%.

Transport services make up 39.48% of El Salvador's service imports, ranking 54 out of 169 countries. This percentage is above the average of 32.90%.

Travel services represent 10.17% of El Salvador's service imports, ranking 92 out of 169 countries. This percentage is below the average of 14.14%.

Insurance and financial services contribute 27.26% to El Salvador's service imports, ranking 4 out of 169 countries. This percentage is significantly above the average of 8.53%.

Summary

El Salvador has a relatively low total service import amount compared to the average, with a significant portion attributed to transport services. The country shows a higher reliance on insurance and financial services in its imports, surpassing the average by a significant margin. These statistics are crucial as they highlight El Salvador's economic structure and trade priorities, indicating areas of strength and potential vulnerabilities in its service sector.

Commercial Service Imports

El Salvador's commercial service imports amount to $1,425,883,042.66, ranking 106 out of 171 countries. This value is significantly below the average commercial service imports of $27,102,746,128.60.

Computer, communications, and other services account for 21.66% of El Salvador's commercial service imports, ranking 136 out of 169 countries. This percentage is notably below the average of 41.71%.

El Salvador's insurance and financial services make up 27.77% of its commercial service imports, ranking 4 out of 169 countries. This proportion is significantly above the average of 8.85%.

Transport services contribute 40.22% to El Salvador's commercial service imports, placing it at the 56th position out of 169 countries, which is slightly above the average of 34.71%.

Travel services represent 10.36% of El Salvador's commercial service imports, ranking 93 out of 169 countries. This percentage falls below the average of 14.73%.

Summary

El Salvador has a relatively low total commercial service imports compared to the global average, with a significant focus on insurance and financial services, which is well above the global average. However, the country lags in the importation of computer, communications, and other services as well as travel services, which are below the global averages. These indicators highlight the composition of El Salvador's commercial service imports, showing a unique emphasis on financial services and potential areas for growth and development in other service sectors.

Infrastructure

1. Air transport, freight (million ton-km): El Salvador's value for this attribute is 7.14 million ton-km, significantly below the average of 1384.37 million ton-km. With a rank of 80 out of 126 countries, it indicates a lower level of air freight transportation activity compared to other nations.

2. Air transport, registered carrier departures worldwide: El Salvador has 8743.64 registered carrier departures worldwide, which is below the average of 134365.61 departures. Ranked 88 out of 149 countries, the country has relatively fewer departures in the global air transport network.

3. Air transport, passengers carried: The number of passengers carried by El Salvador is 805271.99, well below the average of 11848242.70 passengers. With a rank of 78 out of 149 countries, El Salvador serves far fewer air passengers compared to the global average.

4. Container port traffic (TEU: 20 foot equivalent units): El Salvador's container port traffic is 228334 TEU, significantly lower than the average of 6907110.27 TEU. Ranked 95 out of 110 countries, the country handles less container traffic compared to the average among included nations.

Summary

El Salvador lags behind the global average in key macroeconomic indicators related to air transport, freight, registered carrier departures, passengers carried, and container port traffic. These lower levels of activity suggest a limited integration into the global transportation network, potentially impacting the country's trade competitiveness, economic development, and connectivity with other nations.

Information Technology Infrastructure

El Salvador has 876 secure internet servers, which is far below the global average of 458,294. The country ranks 118th out of 193 countries in this regard.

With 139.21 secure internet servers per 1 million people, El Salvador falls well below the average of 14,067. The country ranks 126th out of 193 countries.

54.60% of individuals in El Salvador use the internet, slightly below the global average of 64.77%. The country ranks 121st out of 180 countries.

El Salvador has 586,000 fixed broadband subscriptions, significantly lower than the average of 6,591,956. The country ranks 85th out of 185 countries.

With 9,949,000 mobile cellular subscriptions, El Salvador is below the average of 42,526,464 subscriptions. The country ranks 90th out of 193 countries.

Summary

El Salvador lags behind the global averages in terms of secure internet servers, secure internet servers per 1 million people, internet usage rate, fixed broadband subscriptions, and mobile cellular subscriptions. These statistics indicate a significant digital divide and limited access to online resources and communication platforms for the population of El Salvador. Addressing these gaps is crucial for the country's economic development, innovation, and competitiveness in the global digital economy.

Energy Consumption

Regarding Renewable energy consumption, El Salvador's value of 23.7% is below the average of 32.18%. This places El Salvador at rank 95 out of 191 countries included in the data.

For CO2 emissions, El Salvador's value of 6376.3 kt is significantly below the average of 171895.94 kt. This places El Salvador at rank 123 out of 188 countries included in the data.

Summary

El Salvador's below-average renewable energy consumption of 23.7% and significantly low CO2 emissions of 6376.3 kt reflect the country's relatively small environmental impact compared to global averages. These indicators suggest that El Salvador has potential for further development in sustainable energy practices while already demonstrating a commendable effort in reducing carbon emissions, which could enhance its environmental sustainability and global competitiveness in the long term.

Government Balance Sheet

El Salvador's net acquisition of financial assets (% of GDP) is 0.2407, which is below the attribute average of 2.4498. El Salvador ranks 60 out of 87 countries.

Regarding central government debt, El Salvador's total debt (% of GDP) stands at 70.3592, slightly below the average of 74.1161. El Salvador ranks 29 out of 61 countries in this aspect.

El Salvador's net incurrence of liabilities (% of GDP) is 10.3602, higher than the average of 7.4311. El Salvador ranks 22 out of 92 countries for this indicator.

Total reserves (% of total external debt) in El Salvador are at 16.6829, significantly lower than the average of 66.1254, with a ranking of 84 out of 102 countries in this metric.

El Salvador has negative reserves and related items (BoP, current US$), amounting to -1778778657.5412. This is below the average of 1924407186.5797, placing El Salvador at rank 145 out of 171 countries.

Furthermore, El Salvador's total reserves minus gold (current US$) is at 2999443127.1397, notably lower than the average of 74221588171.6139. El Salvador ranks 102 out of 161 countries for this data point.

El Salvador's total reserves (includes gold, current US$) amount to 3082859548.1397, significantly below the average of 85708019773.4723. El Salvador ranks 102 out of 161 countries in this aspect.

Lastly, El Salvador's total reserves in months of imports is 3.1195, notably lower than the average of 7.0969. El Salvador ranks 112 out of 151 countries for this measure.

Summary

El Salvador's key macroeconomic indicators reveal a mixed picture. While the country performs below average in terms of net acquisition of financial assets (% of GDP), total reserves, and related items, it ranks comparatively better in terms of central government debt and net incurrence of liabilities (% of GDP). These statistics are crucial as they shed light on El Salvador's fiscal health, its ability to service debt, manage financial assets, and maintain sufficient reserves to withstand external shocks and ensure stability in the economy.

Government Revenue

El Salvador's Revenue, excluding grants (% of GDP) is at 23.55%, which is below the attribute average of 27.02%. The country ranks 71 out of 122 countries in this data set.

Grants and other revenue (% of revenue) in El Salvador stand at 16.99%, lower than the attribute average of 23.54%. El Salvador is ranked 55 out of 108 countries.

El Salvador's Social contributions (% of revenue) are at 9.55%, well below the attribute average of 22.29%. The country ranks 61 out of 81 countries in this dataset.

Taxes on goods and services (% of revenue) in El Salvador make up 40.28%, higher than the average of 31.82%. The country is ranked 31 out of 122 countries.

El Salvador's Taxes on international trade (% of revenue) represent 2.99%, lower than the average of 6.24%. The country ranks 59 out of 101 countries.

Other taxes (% of revenue) in El Salvador constitute 0.33%, significantly below the average of 2.12%. El Salvador ranks 77 out of 106 countries in this attribute.

Taxes on income, profits and capital gains (% of revenue) in El Salvador amount to 29.85%, above the attribute average of 24.66%. The country ranks 39 out of 119 countries.

Summary

El Salvador's fiscal structure shows a reliance on taxes on goods and services, which are higher than the global average, while social contributions are significantly lower. The country's low revenue from grants and other sources could pose challenges for funding social programs and public services. This analysis highlights the need for El Salvador to diversify its revenue sources and potentially increase efficiency in tax collection to improve overall fiscal sustainability and support economic development.

Taxes

- Tax revenue (% of GDP): El Salvador's tax revenue accounts for 18.38% of its GDP, which is above the average of 16.72%. This places El Salvador at rank 48 out of 123 countries in the dataset.

- Customs and other import duties (% of tax revenue): El Salvador's customs and import duties as a percentage of tax revenue is 4.08%, below the average of 9.01%. El Salvador ranks 60 out of 99 countries in this aspect.

- Taxes on income, profits and capital gains (% of total taxes): El Salvador derives 40.64% of its total taxes from income, profits, and capital gains, higher than the average of 38.40%. This puts El Salvador at rank 51 out of 120 countries.

- Tariff rate, applied, weighted mean, all products (%): El Salvador's applied tariff rate for all products is 1.91%, below the average of 5.21%. El Salvador is ranked 100 out of 153 countries based on this indicator.

Summary

El Salvador showcases a relatively high tax revenue as a percentage of its GDP compared to the global average, positioning it at rank 48 out of 123 countries. However, the country's reliance on customs and import duties as a portion of tax revenue is below average, placing it at rank 60 out of 99 nations. Despite deriving a larger proportion of total taxes from income, profits, and capital gains than the average, El Salvador's applied tariff rate for all products is notably lower than the global average, ranking 100 out of 153 countries. These indicators are crucial as they reflect El Salvador's fiscal policies, economic openness, and competitiveness in international trade.

Government Expenses

For Expense (% of GDP), El Salvador's value of 33.93% is slightly above the average of 31.69%. This places El Salvador at rank 50 out of 123 countries.

Compensation of employees (% of expense) in El Salvador is significantly higher at 34.62% compared to the average of 24.70%. El Salvador ranks 27 out of 123 countries for this attribute.

Goods and services expense (% of expense) for El Salvador stands at 11.40%, below the average of 14.77%. This places El Salvador at rank 64 out of 122 countries.

Interest payments (% of expense) in El Salvador are 8.92%, slightly above the average of 6.85%. El Salvador ranks 35 out of 121 countries for this attribute.

El Salvador's Other expense (% of expense) is significantly higher at 16.46% compared to the average of 8.29%. This places El Salvador at rank 16 out of 120 countries.

Subsidies and other transfers (% of expense) in El Salvador are at 28.61%, below the average of 43.29%. El Salvador ranks 91 out of 121 countries for this attribute.

Summary

El Salvador's macroeconomic indicators paint a picture of its fiscal priorities and financial management. The country has a relatively high Expense (% of GDP), driven by a higher Compensation of employees (% of expense) and Other expense (% of expense) compared to global averages. Interestingly, El Salvador allocates a lower percentage towards Goods and services expense and Subsidies and other transfers, indicating potential areas for budget adjustment. These indicators are crucial as they reflect how efficiently a country utilizes its resources, manages its debt obligations, and allocates funds towards different sectors, which in turn impacts its overall economic health and development.

Top Stats

Ranks in Top Decile For:

Attribute	Rank/Total
Total debt service (% of GNI)	5/120
Insurance and financial services (% of service imports, BoP)	4/169
Insurance and financial services (% of commercial service imports)	4/169

Ranks in Bottom Decile For:

Attribute	Rank/Total
Oil rents (% of GDP)	116/117
Patent applications, residents	110/117