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8.9

El Salvador

Selected Economic and Social Data

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

Population ('000)

4,820

4,902

4,981

5,057

5,134

5,211

5,301

5,391

5,481

5,571

5,662

Growth Rate (%)

1.8

1.7

1.6

1.5

1.5

1.5

1.7

1.7

1.7

1.6

1.6

National Accounts

GDP, current prices (m. colones)

20,661

24,469

28,419

36,487

42,594

49,841

60,522

70,771

83,588

91,048

99,699

GDP, 1958 prices (m. colones)

33,838

34,474

34,805

36,487

37,791

40,643

43,643

46,261

49,045

50,247

52,282

Real GDP Growth Rate (%)

2.5

1.9

1.0

4.8

3.6

7.5

7.4

6.0

5.0

2.5

4.0

Real Per Cap. GDP (1958 colones)

7,020

7,033

6,988

7,215

7,361

7,799

8,233

8,581

8,948

9,019

9,234

Real Per Cap.GDP Growth Rate (%)

0.7

0.2

-0.6

3.3

2.0

6.0

5.6

4.2

4.3

0.8

2.4

Gross Dom. Invest./GDP (%)

12.4

12.8

16.2

13.9

15.4

18.5

18.6

18.8

20.1

15.5

15.5

Private

9.5

9.7

12.7

11.3

12.6

14.5

14.6

15.1

16.6

12.0

12.0

Public

2.9

3.1

3.5

2.6

2.8

4.0

4.0

3.7

3.5

3.5

3.5

Gross Natl. Savings/GDP (%)

7.0

8.2

5.8

9.5

11.9

15.5

17.0

15.1

15.3

13.8

16.2

Private

7.1

7.9

8.4

9.9

12.7

15.3

16.2

13.1

12.1

12.0

14.5

Public

-0.1

0.3

-1.6

-0.3

-0.8

0.2

0.8

2.0

3.2

1.8

1.8

Foreign Savings/GDP (%)

5.4

4.6

9.4

4.3

3.5

3.0

1.6

3.7

4.8

1.7

-0.7

Prices

GDP Price Defl. (1985 = 100)

61.1

71.0

81.7

100.0

112.7

122.6

138.7

153.0

170.5

181.2

190.7

Annual Change (%)

12.5

16.2

15.0

22.5

12.7

8.8

13.1

10.3

11.5

5.2

5.2

Consumer Prices (1985 = 100)

40.61

48.64

57.22

70.95

81.16

90.27

106.98

118.3

130.16

142.91

149.3

Annual Change (%)

24.8

19.8

17.6

24.0

14.4

11.2

18.5

10.6

10.0

9.8

4.5

Balance of Payments (US$m)

Current Account Balance

(238)

(234)

(466)

(359)

(296)

(378)

(299)

(302)

(451)

(230)

41

Exports, fob

591

610

497

582

588

598

732

819

1,029

1,024

1,359

Imports, cif

994

1,007

1,151

1,263

1,406

1,599

1,912

2,252

2,856

2,671

2,973

Trade Balance

(403)

(397)

(664)

(681)

(818)

(1,101)

(1,180)

(1,433)

(1,827)

1,647

(1,614)

Services, net

(30)

(58)

(39)

(23)

(21)

15

58

130

181

224

347

Private Transfers, net

195

221

237

345

543

708

823

1,001

1,195

1,193

1,308

Capital Account Balance

332

171

503

514

316

443

425

445

598

395

322

Official Transfers, net [a]

378

288

282

223

179

227

220

284

194

62

55

Private, M-T & L-T, net

(24)

(154)

(66)

264

99

85

148

15

(6)

38

(117)

Official, net

40

56

150

89

117

161

130

177

126

244

218

Financial Intermediaries, net

(70)

(79)

67

42

(79)

(30)

(73)

(31)

283

(6)

137

Other, net [a]

8

60

70

(104)

0

0

0

0

0

57

28

Overall Balance

94

(63)

37

155

20

65

126

143

147

165

363

External Public Debt [b]

Debt Outstanding, 12/31 (US$m)

1,715

1,761

2,089

2,130

2,101

2,338

1,711

2,069

2,243

2,517

2,679

Debt Outstanding/GDP

41.5

38.1

47.8

44.9

39.6

39.3

24.6

25.5

23.5

24.3

23.5

Debt Service/Exports (%)

38.7

36.4

31.8

27.9

42.3

44.8

27.9

27.4

15.5

22.5

36.0

Consolidated Nonfinancial Public Sector (% of GDP)

Current Revenue and Transfers

16.5

14.4

12.2

12.8

14.0

14.1

14.3

16.0

17.0

17.3

15.4

Current Expenditures

15.2

14.1

14.0

13.2

14.8

13.9

13.5

14.0

13.8

15.5

13.6

Current Surplus/Deficit

1.3

0.3

-1.8

-0.4

-0.8

0.2

0.8

2.0

3.2

1.8

1.8

Capital Revenue, excl. grants

0.1

0.0

0.0

0.1

0.0

0.0

0.1

0.3

0.0

0.0

0.0

Capital Expenditures

4.5

3.9

4.5

2.7

4.1

6.5

4.6

4.2

4.4

4.4

3.9

Net Lending

0.1

0.2

0.3

-0.2

0.0

0.2

0.0

0.1

0.0

0.0

-0.1

Overall Surplus/Deficit

-3.2

-3.8

-6.6

-2.8

-4.9

-6.5

-2.0

-2.0

-0.9

-2.6

-2.0

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