A. M. 
El Salvador has been part of the recent report published by the Secretaría del Consejo Monetario Centroamericano (SECMCA), which analyzes the macroeconomic and financial conditions of the economies of Central America and the Dominican Republic (CARD). According to the report, the CARD region registered a 4.0% growth in the Indicador Mensual de Actividad Económica (IMAE) at the end of may 2024, which shows an optimistic outlook for the region.
Among the region’s economies, Costa Rica led with 5.4% growth, followed by Guatemala with 4.4% and the Dominican Republic with 4.3%. Although El Salvador experienced a more modest growth of 0.3%, the country has shown strengths in key sectors, such as financial and insurance activities, which grew by 9.9% during may 2024, standing out as the most dynamic area.
In contrast, the construction sector and other activities decelerated, with declines of 5.2%, respectively, contributing to the overall low growth in El Salvador. Despite these challenges, the country’s commerce sector showed a solid performance with growth of 3.9%, reflecting the resilience of the Salvadoran economy in key areas.
At the regional level, the SECMCA report highlights that, although there has been a slowdown in the pace of growth compared to 2023, the cumulative average between january and may 2024 was higher than the same period of the previous year. This regional performance shows that, despite global economic challenges, the CARD region continues to make progress.
This report, published three times a year, focuses not only on current economic data, but also on the factors that have influenced short-term economic performance in the CARD region, providing a valuable tool for strategic decision-making by regional authorities.
