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The economy of El Salvador has experienced relatively low rates of GDP growth, in comparison to other developing countries. Rates have not risen above the low single digits in nearly two decades – part of a broader environment of macroeconomic instability which the integration of the United States dollar has done little to improve. [14]
El Salvador's energy sector is largerly focused on renewables. El Salvador is the largest producer of geothermal energy in Central America.Except for hydroelectric generation, which is almost totally owned and operated by the public company CEL (Comisión Hidroeléctrica del Río Lempa), the rest of the generation capacity is in private hands.
El Salvador: According to the World Bank, El Salvador is the fourth-largest economy in the region, and has a GDP PPP of $50,903 million. [3] The Salvadoran economy grew by 3% in 2010, after a strong contraction in 2009. [8] Honduras: Is the second-poorest country in Central America, with 60% living in poverty according to the CIA World Factbook.
These include the suspension of fuel taxes, initially for three months, and the reduction of import tariffs on 20 basic and agricultural goods. President Nayib Bukele, who made the announcement on ...
The landslide re-election of popular authoritarian President Nayib Bukele in El Salvador’s Feb. 4 elections seems to confirm a global trend toward the loss of support for democracy.
Alina Carare, who led this mission, released a statement that demonstrated the positive growth El Salvador has seen over the past “The economy grew 2.2 percent in the first half of the year, and inflation hovered around zero. After dipping in the second quarter, remittances growth returned to its long-term rate of 4 percent.
SAN SALVADOR (Reuters) -El Salvador's President Nayib Bukele took office on Saturday for a second term pledging to cure the "illnesses" of the Central American country by prescribing his medicine ...
The World Economic Forum's Global Competitiveness Report ranked El Salvador 77 out of 133. El Salvador ranks 124th among 189 countries in the Human Development Index. [1] El Salvador has the second-highest level of income equality in Latin America. [2]