According to the BCR in current values, Gross Domestic Product (GDP) reached a nominal value of US$7,059.8 million in the second quarter of 2021, which meant an increase of US$1,754 million with respect to the same quarter of 2020.

The result allows confirming the projections of 9% GDP growth by the end of 2021.

The activities that gave the greatest impulse to the annual growth corresponding to the second quarter of 2021 were: Accommodation and food service activities that grew 66.6%, manufacturing industries, with growth of 51.8%, transportation and storage with an increase of 37.6%, in the area of construction with 35.2% growth, among trade and repair of vehicles and motorcycles increased 32.8%, these five activities contributed 14.6 percentage points to the total growth rate of the quarter.

Likewise, the performance of foreign trade has generated a greater demand for cargo transportation services, by land, sea and air, as well as greater electricity consumption with the economic reactivation of the manufacturing industries.

Exports grew by 113.5% in the second quarter of 2021 in response to higher demand from Central American trading partners and the United States; while private consumption, which is the most important expenditure component within the GDP, grew 39.2% and through family remittances and wages in the month of june 2021 there was a growth of 7.3% among workers who contribute to the Instituto Salvadoreño del Seguro Social (ISSS).

The BCR economist, Otto Boris, said in a commentary in his social networks that the items that are part of the financial policy must be made to grow, since remittances are a flow that does not come from public policies, but depends on the outside.

The minister of Economy, Maria Luisa Hayem, said this morning that the jobs lost during the pandemic have recovered 100%, and she even said that they have grown more than expected.

The growth observed in production is consistent with the recovery registered in formal sector employment increasing to a number of workers of 8.2% at the end of the second quarter of 2021, according to the BCR.

Economist, Andres Oliva, also pointed out in social networks that the economic cost of such growth is invisible.