Displaying items by tag: Salvadoran economy
BCR expects salvadoran economy to grow from 3.0% to 3.5% by 2024
The Banco Central de Reserva (BCR) provided details of the country's economic situation in 2023 and projections for 2024.
Salvadoran economy to grow in a range of 2.5% to 3.0% in 2024
The head of the Banco Central de Reserva (BCR), Douglas Rodriguez has informed that economic growth will be in a range of 2.5% to 3.0% in 2024, while for 2023 the projection indicates that the salvadoran economy will grow by 2.7%.
Salvadoran economy could grow 8% according to UCA
Members of the Economics Department of the Universidad Centroamericana (UCA) presented the results of a study they conducted on the reality of the salvadoran economy and its future forecasts.
Fundación Gloria Kriete promotes social entrepreneurship with a fair to offer products
In order to further strengthen the Social Entrepreneurship Ecosystem in the country, the Fundación Gloria Kriete (FGK), held an entrepreneurship fair, a space where they presented the products and services of 27 ventures that seek to grow and strengthen the salvadoran economy while creating social impact.
The country is in a low growth and labor productivity trap
In the first presentation of the Economist Week 2023, which is called "Economic Productivity in El Salvador", the President of the Colegio de Profesionales en Ciencias Económicas (COLPROCE), Oscar Cabrera, explained that El Salvador is in a trap of low growth and low levels of labor productivity.
Measures promoted by MINEC have recovered and boosted the salvadoran economy
The Ministerio de Economía (MINEC) has implemented strategies that have allowed the country to recover, in record time, after the various shocks that have affected the world and have impacted the nation, including the COVID-19 and the inflationary crisis, achieving sustained growth of the salvadoran economy.
Travel and tourism sector to contribute US$3.6 billion to salvadoran economy
The World Travel & Tourism Council (WTTC) indicated, through its Annual Economic Impact Report (EIR), that by the end of this year the sector's contribution to El Salvador's GDP will exceed pre-pandemic levels, as it will contribute US$3.6 billion to the national economy, 8.3% above what was registered in 2019.
Salvadoran economy could grow 1.3% in 2023 according to economist Mauricio Choussy
In a morning interview, economist and former president of the Banco Central de Reserva (BCR), Mauricio Choussy explained that El Salvador will grow this year, but it will slow down, reaching a Gross Domestic Product (GDP) of 1.3%.
BCR affirms that the salvadoran economy grew 2.2% in the third quarter of 2022
The Gross Domestic Product (GDP) for the third quarter of 2022 registered a growth of 2.2% compared to the same period of the previous year. In monetary terms, this represented an increase of US$682.8 million, bringing the GDP for the third quarter of 2022 to US$7,887.1 million.
Diaspora to invest close to US$400 million in El Salvador by 2022
The diaspora is a sector that contributes to the dynamization of the salvadoran economy, which now feels more supported.