El Salvador FlagEl Salvador

God, Union, Liberty

 

General


Population: 6,125,512 (2014), 6,108,590 (2013)
Land Area: 21,040 sq km
Natural Resources: Hydropower, geothermal power, petroleum, arable land
Capital: San Salvador
Political System: Republic
State Leader: Salvador Sanchez Ceren (June 1st 2014)
Languages: Spanish, Nahua
Currency: US Dollar (USD)
Major Religions: Roman Catholic 83%, Other 17%
Major Ethnicities: Mestizo 90%, Caucasian 9%, Amerindian 1%
Life Expectancy: 74.18 years (2014), 73.93 years (2013)

Economy


GDP Official Exchange Rate: 24.67 billion (2013), 23.82 billion (2012)
GDP Purchasing Power Parity: 47.47 billion (2013), 47.09 billion (2012)
GDP Per Capita (PPP): 7,500 (2013), 7,600 (2012)
GDP Growth Rate: 1.6% (2013), 1.6% (2012)
GDP Structure: Agriculture 10.3%, Industry 29.5%, Services 60.1% (2013)
Labour Force By Occupation: Agriculture 21%, Industry 20%, Services 58% (2011)
Industries: Food processing, beverages, petroleum, chemicals, fertilizer, textiles, furniture, light metals
Agriculture Products: Coffee, sugar, corn, rice, beans, oilseed, cotton, sorghum; beef, dairy products; shrimp
Human Development Index: 0.662 (115th)(2014), 0.680 (107th)(2013)
Tourism Revenue: 632 million (2004)
Unemployment Rate: 6.3% (2013)

MilitaryEl Salvador Map


Army Size: 15 500 (2004)
Budget: 5% of GDP (2006)

Current Situation

 

El Salvador is located in Central America. El Salvador is bordered by Guatemala and Honduras. El Salvador's economy is solid compared to the other nations in the area, El Salvador is also an attractive place for immigrants from these countries.

(2014) El Salvador's economy to grow although at a much slower rate than in the past mostly due to budgetary problems and a reluctance to invest from foreign investors due to the government's corruption. With the election of the former Vice-President of El Salvador Salvador Sanchez Ceren to the presidency in 2014 it is unlikely that more market friendly economic policies for El Salvador will be implemented.

Thoughts & Comments

 

Sources

CIA World Factbook: El Salvador
Wikipedia: El Salvador
http://hdrstats.undp.org/en/countries/profiles/SLV.html

Updated on: August 23rd, 2014