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%.
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.
El Salvador GDP from 1980 to 2024
The total market value of goods and services produced annually in El Salvador.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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 | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
1980 | $ 3B 912M | $ 806.91 | $ 2,084.88 | $ 10B 108M | -8.625 % | 5.173 % | 0 % | 0 % | 4M 848K people |
1981 | $ 3B 449M | $ 703.46 | $ 2,127.36 | $ 10B 431M | -5.725 % | -3.545 % | 10.64 % | 0 % | 4M 903K people |
1982 | $ 3B 406M | $ 689.20 | $ 2,099.90 | $ 10B 377M | -6.306 % | -1.493 % | 11.55 % | 0 % | 4M 942K people |
1983 | $ 3B 261M | $ 656.06 | $ 2,202.50 | $ 10B 949M | 1.535 % | 1.853 % | 13.52 % | 0 % | 4M 971K people |
1984 | $ 2B 385M | $ 476.82 | $ 2,298.28 | $ 11B 496M | 1.337 % | -1.712 % | 11.72 % | 0 % | 5M 2K people |
1985 | $ 2B 319M | $ 459.96 | $ 2,366.66 | $ 11B 932M | 0.616 % | -1.237 % | 9.04 % | 0 % | 5M 42K people |
1986 | $ 2B 335M | $ 458.44 | $ 2,394.48 | $ 12B 195M | 0.19 % | 5.005 % | 19.21 % | 0 % | 5M 93K people |
1987 | $ 2B 374M | $ 460.59 | $ 2,485.38 | $ 12B 812M | 2.513 % | 5.72 % | 16.85 % | 0 % | 5M 155K people |
1988 | $ 2B 771M | $ 530.17 | $ 2,585 | $ 13B 513M | 1.878 % | 0.931 % | 13.28 % | 0 % | 5M 227K people |
1989 | $ 3B 167M | $ 596.51 | $ 2,669.97 | $ 14B 178M | 0.962 % | -6.139 % | 6.92 % | 0 % | 5M 310K people |
1990 | $ 4B 818M | $ 891.76 | $ 2,854.13 | $ 15B 419M | 4.831 % | -3.15 % | 11.56 % | 1.077 % | 5M 402K people |
1991 | $ 5B 252M | $ 959.12 | $ 2,954.45 | $ 16B 178M | 1.498 % | -3.188 % | 12.61 % | 0.625 % | 5M 476K people |
1992 | $ 5B 813M | $ 1,047.04 | $ 3,189.68 | $ 17B 710M | 7.021 % | -1.874 % | 16.89 % | -1.729 % | 5M 552K people |
1993 | $ 6B 680M | $ 1,186.34 | $ 3,406.85 | $ 19B 184M | 5.817 % | -1.225 % | 18.12 % | 1.02 % | 5M 631K people |
1994 | $ 7B 679M | $ 1,348.92 | $ 3,603.19 | $ 20B 513M | 4.692 % | -0.234 % | 20.60 % | 1.107 % | 5M 693K people |
1995 | $ 8B 922M | $ 1,552.13 | $ 3,815.84 | $ 21B 934M | 4.733 % | -2.932 % | 19.51 % | 1.576 % | 5M 748K people |
1996 | $ 9B 586M | $ 1,653.64 | $ 3,884.39 | $ 22B 518M | 0.816 % | -1.763 % | 14.49 % | -0.8 % | 5M 797K people |
1997 | $ 10B 222M | $ 1,749.51 | $ 4,043.56 | $ 23B 625M | 3.136 % | -0.956 % | 15.29 % | -0.282 % | 5M 843K people |
1998 | $ 10B 937M | $ 1,858.37 | $ 4,167.13 | $ 24B 524M | 2.652 % | -0.829 % | 19.02 % | -1.317 % | 5M 885K people |
1999 | $ 11B 284M | $ 1,904.86 | $ 4,289.27 | $ 25B 409M | 2.164 % | -2.121 % | 16.62 % | -1.541 % | 5M 924K people |
