A. M. 
The Economic Commission for Latin America and the Caribbean (ECLAC) has updated its growth projections for El Salvador, placing the increase in Gross Domestic Product (GDP) at 3.5% for 2024 and 3.1% for 2025. This revision reflects an improvement compared to previous estimates made in may, when growth was projected at 3% for the current year, representing an increase of 0.5 percentage points.
This positive update is in line with the more optimistic forecasts previously announced by the International Monetary Fund (IMF) and the World Bank (WB). In its july report, the IMF raised its growth forecast for El Salvador from 2.3% in april to 3% in june 2024. The WB adjusted its growth projection from 2.5% to 3.5%, reflecting a similar trend of improved economic expectations for the country.
The Banco Central de Reserva de El Salvador (BCR) has adopted an even more optimistic stance. In its most recent assessment, the BCR estimates that the country’s GDP could grow between 3.5% and 4% in 2024. This forecast is in the upper range of estimates made by other international institutions.
The increase in economic growth projections for El Salvador suggests a robust economic recovery and greater stability compared to previous forecasts. This positive adjustment may be related to a number of factors, including favorable economic policies and a more conducive international environment for trade and investment.
These improved forecasts reflect a more encouraging economic outlook for El Salvador, which could have significant implications for the country’s economic and social development in the coming years.
