Displaying items by tag: GDP
Investment to combat violence cost El Salvador between 14% and 19% of GDP
In a television interview, the President of the Banco Central de Reserva, Douglas Rodriguez, specified that violence cost El Salvador around 14% to 19% of the Gross Domestic Product (GDP).
BCR reports lowest inflation rate in three years
The Banco Central de Reserva (BCR) announced that El Salvador closed february 2024 with an inflation rate of 0.80%.
World GDP would grow 20% by closing the gender gap, according to World Bank report
The World Bank reports that closing the gender gap in employment could increase gross domestic product (GDP) per capita in the long run by an average of nearly 20% across all countries.
JP Morgan affirms that El Salvador's GDP is on the rise and fiscal deficit on the decline
According to rating agency JP Morgan, data has been generally upbeat in recent months in El Salvador, showing disinflation, positive fiscal accounts performance and, more recently, increasing signs of acceleration in the economy.
El Salvador's GDP is in recessionary growth of 0.8%: Economist
In a morning interview, economics expert, Cesar Villalona, explained that in a report of the Banco Central de Reserva of the first 3 months of 2023 reflects that the economy has a recessive growth of 0.8%, El Salvador's economic growth depends on private investment.
Economic recovery boosted fiscal revenue rebound in the region: ECLAC
The report Tax Statistics in Latin America and the Caribbean 2023, reveals that the average tax revenue as a percentage of Gross Domestic Product (GDP) increased 0.8 percentage points in 2021, to reach 21.7%, which is the same level as in 2019, prior to the COVID-19 pandemic.
Tourism sector will contribute more than US$3 billion to the region's GDP
International tourism, especially in the Latin American region, is advancing at a good pace and will exceed pre-pandemic levels, according to the World Travel and Tourism Council (WTTC).
Latin America's GDP to grow 1.4% in 2023: World Bank
The Gross Domestic Product (GDP) of Latin America and the Caribbean will only grow 1.4% in 2023 according to William Maloney, chief economist of the World Bank and explains the challenges facing the region.
El Salvador's GDP will grow 1.7% in 2023 and 1.5% in 2024: IMF
The International Monetary Fund (IMF), explained that Latin American economies held up well last year despite shocks stemming from the Russian invasion of Ukraine and global interest rate hikes.
World Bank projects regional economy to grow 1.3% in 2023
The World Bank explained that after a 6.9% rebound in 2021, the regional economy grew 3.6% in 2022 and is expected to grow 1.3% in 2023.