El Salvador is emerging as one of the Central American countries with the highest growth in services trade by 2024, with a projected 16% increase in exports, according to regional estimates by the Economic Commission for Latin America and the Caribbean (ECLAC). This performance stands out compared to other countries in the region, consolidating the country as a key player in the Central American services market.
The positive evolution of salvadoran exports, which in 2023 already reached 18% growth, reflects the country’s continuous effort to strengthen its services infrastructure, especially in areas such as tourism, technology, and outsourcing. This progress will benefit both the national economy and the development of productive sectors, generating more employment opportunities and trade expansion.
Regionally, Central America will experience an 8% increase in services exports by 2024, with El Salvador leading the way. This regional growth will strengthen economic integration, promoting more dynamic and competitive trade between neighboring countries. Countries such as Costa Rica and Guatemala also show favorable projections with increases of 19% and 9%, respectively, which will benefit the region as a whole.
In addition, imports of services in El Salvador are also projected to increase by 16% next year. This growth in imports allows for greater diversification in the supply of services within the country, strengthening competitiveness and facilitating access to advanced technologies that will drive the development of new sectors.
The outlook for El Salvador and the Central American region in services trade is encouraging, showing a balance between exports and imports that will favor sustained economic development. This progress reinforces the importance of continuing to invest in the modernization and diversification of services in the region.