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

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

 

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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