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El Salvador GDP Annual Growth Rate

El Salvador's GDP annual growth rate fell to 2.6% in 2024, down from 3.54% in 2023, according to World Bank. This represents a decrease of 0.94% from the previous year. El Salvador has GDP annual growth rate lower than the global median (2.60% vs median 3.24%). Compared with the median in Americas, El Salvador is lower (2.60% vs regional median 3.27%) and ranks 29th out of 44 countries in Americas.

El Salvador's real GDP rose to $29.06 billion in 2024, up from $28.33 billion in 2023.

Yearly Historical Data (1966-2024)

(in %)
Year GDP Annual Growth Rate (%)
2024 2.6%
2023 3.54%
2022 2.95%
2021 11.9%
2020 -7.89%
2019 2.44%
2018 2.41%
2017 2.25%
2016 2.54%
2015 2.4%
2014 1.73%
2013 2.18%
2012 2.89%
2011 3.77%
2010 2.15%
2009 -2.11%
2008 2.15%
2007 1.85%
2006 4.34%
2005 2.68%
2004 0.89%
2003 1.57%
2002 1.57%
2001 0.88%
2000 1.13%
1999 2.16%
1998 2.65%
1997 3.14%
1996 0.81%
1995 4.73%
1994 4.69%
1993 5.82%
1992 7.02%
1991 1.49%
1990 4.83%
1989 0.96%
1988 1.88%
1987 2.51%
1986 0.19%
1985 0.61%
1984 1.34%
1983 1.54%
1982 -6.31%
1981 -5.72%
1980 -15.84%
1979 -4.18%
1978 5.32%
1977 6.78%
1976 5.05%
1975 2.92%
1974 5.34%
1973 4.86%
1972 6.12%
1971 3.86%
1970 2.98%
1969 3.49%
1968 3.24%
1967 5.44%
1966 7.16%
El Salvador GDP Annual Growth Rate : Definition
GDP Annual Growth Rate measures the yearly percentage change in El Salvador's total economic output.
Indicator Last Value Prior Value Period
GDP $35.36B $33.85B 2024
GDP per Capita $4,585.23 $4,489.18 2024
GDP per Capita PPP $11,669.08 $11,424.65 2024
R&D Expenditure (% GDP) 0.14% 0.16% 2022
Real GDP $29.06B $28.33B 2024