ECONOMIC INFORMATION
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Population: 6.5m
Population growth: 1.79%
Population density (people per sq. km): 315
UN Human Development Index ranking: 103/177
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Gross national income (current US$): $14.4bn (2003)
Gross national income per capita: $2,200
PPP Gross national income: $31.9bn
PPP Gross national income per capita: $4,890
GDP growth: 1.8% (2003)
GDP breakdown Agriculture: 9.4%, Industry: 31.8%, Services: 58.7%
Inflation (12-month average): -1.2 (2003)
Gross capital formation as % of GDP: 16.6%
Final consumption expenditure as % of GDP (growth): 99.2% (3.6%)
Exports of goods & services as % of GDP: 27.6%
Top 3 export markets: US, Guatemala, Honduras
Local industries: Food processing, beverages, petroleum,
chemicals, fertiliser, textiles, furniture, light metals
WEF Growth Competitiveness ranking * : 53/104
WEF Business Competitiveness ranking **: 65/103
WEF Quality of the Business Environment ranking: 65/103
Transparency International Corruption Perceptions ranking: 51/145
Languages: Spanish
FDI INFORMATION
Region: Central America
No. of projects (Jan-Sep 2004): 9
Market-share of projects in the region: 2.0%
Value of projects relative to GDP: 0.06%
Top 3 destination sectors: Metals/mining, IT & software, business services
Top 3 business functions: Extraction, customer support, manufacturing
Top 3 source countries: US, France, Germany
Top 3 investors: SR Teleperformance, Avery Dennsion, BHP Billiton
IPA
Name: Promoting Investment in El Salvador (PROESA)
Web address: www.proesa.com.sv
* World Economic Forum Growth Competitiveness Ranking assesses an economy’s ability to grow consistently
** World Economic Forum Business Competitiveness Ranking assesses the microeconomic factors that contribute to economic growth
*** The difficulty of hiring workers and the difficulty and expense of firing workers is reflected as an index where the higher the value the more rigid the regulations