El Salvador's GDP changed from approximately $3B 912M in 1980 to $35B 333M in 2024, showing an overall 803.2% sharply increased during the period.
The lowest GDP was recorded in 1985 at $2B 319M, and the highest in 2024 at $35B 333M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 5.1%.
For comparison, the average annual growth rate of Guatemala was 6.2%, and that of Honduras was 5.2%.
El Salvador GDP from 1980 to 2024
The total market value of goods and services produced annually in El Salvador.
Overview of El Salvador's GDP (1980–2024)
The Gross Domestic Product (GDP) of El Salvador recorded a 803.2% sharply increased from 1980 to 2024.
The average GDP during this period was $14B 290M, and the median was $12B 664M.
GDP fluctuated within a range of $33B 14M, with a standard deviation of $9B 621M.
The average annual change was $716M 935K.
Highest and Lowest GDP Records
- Lowest GDP: 1985, $2B 319M
- Highest GDP: 2024, $35B 333M
- Most Recent GDP: 2024, $35B 333M
Notable Annual GDP Changes
- 2021: Significant increase in GDP
- 2020: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and El Salvador's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $26B 881M → $24B 921M
- Outcome: declined
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $17B 12M → $17B 602M
- Outcome: increased
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $11B 785M → $12B 283M
- Outcome: increased
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $10B 222M → $10B 937M
- Outcome: increased
Key Economic Indicators of El Salvador (1980–2024)
| year | GDP Growth | Nominal GDP | PPP GDP | GDP per Capita | PPP per Capita | Savings | Population | Current Account | Fiscal Balance |
|---|---|---|---|---|---|---|---|---|---|
1980 | -8.625 % | $ 3B 912M | $ 10B 108M | $ 806.91 | $ 2,084.88 | 0 % | 4M 848K people | 5.173 % | 0 % |
1981 | -5.725 % | $ 3B 449M | $ 10B 431M | $ 703.46 | $ 2,127.36 | 10.64 % | 4M 903K people | -3.545 % | 0 % |
1982 | -6.306 % | $ 3B 406M | $ 10B 377M | $ 689.20 | $ 2,099.90 | 11.55 % | 4M 942K people | -1.493 % | 0 % |
1983 | 1.535 % | $ 3B 261M | $ 10B 949M | $ 656.06 | $ 2,202.50 | 13.52 % | 4M 971K people | 1.853 % | 0 % |
1984 | 1.337 % | $ 2B 385M | $ 11B 496M | $ 476.82 | $ 2,298.28 | 11.72 % | 5M 2K people | -1.712 % | 0 % |
1985 | 0.616 % | $ 2B 319M | $ 11B 932M | $ 459.96 | $ 2,366.66 | 9.04 % | 5M 42K people | -1.237 % | 0 % |
1986 | 0.19 % | $ 2B 335M | $ 12B 195M | $ 458.44 | $ 2,394.48 | 19.21 % | 5M 93K people | 5.005 % | 0 % |
1987 | 2.513 % | $ 2B 374M | $ 12B 812M | $ 460.59 | $ 2,485.38 | 16.85 % | 5M 155K people | 5.72 % | 0 % |
1988 | 1.878 % | $ 2B 771M | $ 13B 513M | $ 530.17 | $ 2,585 | 13.28 % | 5M 227K people | 0.931 % | 0 % |
1989 | 0.962 % | $ 3B 167M | $ 14B 178M | $ 596.51 | $ 2,669.97 | 6.92 % | 5M 310K people | -6.139 % | 0 % |
1990 | 4.831 % | $ 4B 818M | $ 15B 419M | $ 891.76 | $ 2,854.13 | 11.56 % | 5M 402K people | -3.15 % | 1.077 % |
1991 | 1.498 % | $ 5B 252M | $ 16B 178M | $ 959.12 | $ 2,954.45 | 12.61 % | 5M 476K people | -3.188 % | 0.625 % |
1992 | 7.021 % | $ 5B 813M | $ 17B 710M | $ 1,047.04 | $ 3,189.68 | 16.89 % | 5M 552K people | -1.874 % | -1.729 % |
1993 | 5.817 % | $ 6B 680M | $ 19B 184M | $ 1,186.34 | $ 3,406.85 | 18.12 % | 5M 631K people | -1.225 % | 1.02 % |
1994 | 4.692 % | $ 7B 679M | $ 20B 513M | $ 1,348.92 | $ 3,603.19 | 20.60 % | 5M 693K people | -0.234 % | 1.107 % |
1995 | 4.733 % | $ 8B 922M | $ 21B 934M | $ 1,552.13 | $ 3,815.84 | 19.51 % | 5M 748K people | -2.932 % | 1.576 % |
1996 | 0.816 % | $ 9B 586M | $ 22B 518M | $ 1,653.64 | $ 3,884.39 | 14.49 % | 5M 797K people | -1.763 % | -0.8 % |
1997 | 3.136 % | $ 10B 222M | $ 23B 625M | $ 1,749.51 | $ 4,043.56 | 15.29 % | 5M 843K people | -0.956 % | -0.282 % |
1998 | 2.652 % | $ 10B 937M | $ 24B 524M | $ 1,858.37 | $ 4,167.13 | 19.02 % | 5M 885K people | -0.829 % | -1.317 % |
1999 | 2.164 % | $ 11B 284M | $ 25B 409M | $ 1,904.86 | $ 4,289.27 | 16.62 % | 5M 924K people | -2.121 % | -1.541 % |