Displaying items by tag: 2023
BANCOLOMBIA highlights El Salvador's economic growth during 2023
According to a Central American economic report by BANCOLOMBIA, it reflects that, during the third quarter of 2023, El Salvador's economy grew 3.6% annually, driven by the deceleration of inflation, household consumption, public and private investment, exports, and the dynamism of the construction and public services sectors.
BCR: El Salvador received US$759.7 million in foreign investment in 2023
In the last report of the Banco Central de Reserva (BCR), El Salvador received US$759.7 million in foreign investment (IED) in 2023, which means that it quadrupled, compared to what was received in 2022 that reached US$170.9 million and the highest registered during the first five years of Bukele's administration.
Bancoagrícola disbursed $1.344 billion in sustainable loans in 2023
Bancoagrícola in its purpose of promoting the sustainable development of El Salvador to achieve the welfare of all, presented the financial results of 2023 focused on its business portfolio with purpose.
You can now file your income tax return for the 2023 tax year
The format to file the Income Tax (ISR) return is now available at the Ministry of Finance, this applies to both individuals and legal entities.
Walmart's “Sin Bolsas” Program has avoided the consumption of 4,260 barrels of oil by 2023
Walmart through its “Sin Bolsas” program during 2023 stopped circulating 55 million plastic bags, the equivalent of 261 thousand kilograms of virgin plastic. In other words, it avoided the consumption of 4,260 barrels of oil. This is part of its sustainability project.
During 2023, 3,341 new companies were established in the country
The minister of Economy, María Luisa Hayem, highlighted that security in the country has allowed the generation of new companies and, with them, new jobs, an important factor for economic growth. "In 2023, 3,341 new companies were established in the country".
IDB reports 8.9% decrease in global exports for El Salvador in 2023
According to the latest report of the Inter-American Development Bank (IDB) El Salvador in 2023 presented a global decrease in exports of 8.9%.
Decrease in maquila exports and imports of oil derivatives by 2023
The most recent report of exports and imports of the Banco Central de Reserva, indicated a considerable reduction in maquila exports reaching a decrease of 23.1% and a downward variation in imports of oil derivatives by 6.9% at the end of 2023.
Salvadoran products expanded export destinations in 2023
According to data from the Banco Central de Reserva, El Salvador expanded its presence in international trade in 2023, a total of 134 salvadoran products entered for the first time in 52 economies in 4 continents.
El Salvador had a tax collection of US$7.122 billion in 2023
El Salvador achieved its highest tax collection at the end of 2023 with a total of US$7,122 million, according to data from the Ministry of Finance. This result surpasses the US$6 billion 571 million in tax revenues of the previous year.