Business and Economy
Permanent Table for Labor Justice (MPJL) Pushes for 25% Minimum Wage Increase in El Salvador
SAN SALVADOR, El Salvador — The Permanent Table for Labor Justice (MPJL) submitted a proposal last Thursday to increase the minimum wage by at least 25%. The Permanent Roundtable for Labor Justice (MPJL) resubmitted its proposal to the National Minimum … Read more
El Salvador Records -0.11% Inflation Rate in April, Second Lowest Since November 2024
SAN SALVADOR, El Salvador — El Salvador’s inflation rate declined to -0.11% in April 2025, marking the second-lowest monthly rate since November 2024, when the country recorded a brief period of deflation, according to data released by the Central Reserve … Read more
El Salvador Credit Ratings: Fitch Ratings Affirms El Salvador’s B- With a Stable Outlook Rating
On April 30, Fitch Ratings affirmed El Salvador’s long-term foreign-currency issuer default rating at B- with a stable outlook. The agency upgraded the rating to B- from CCC+ on January 7, 2025. “El Salvador’s ‘B-‘ rating is supported by a … Read more
El Salvador Bitcoin Holdings: Government Increases Reserves to 6,164 Coins, Worth About $599 Million
SAN SALVADOR — El Salvador continues to acquire Bitcoin for its strategic reserves and has 6,164 Bitcoins with a current economic value of about $598.9 million—$97,169 per coin at today’s prices. The National Bitcoin Office of El Salvador (ONBTC) published … Read more
Economic Commission for Latin America ECLAC Forecasts 2.5% Economic Growth for El Salvador in 2025
SAN SALVADOR, El Salvador — The Economic Commission for Latin America and the Caribbean (ECLAC or CEPAL) has lowered its 2025 growth forecast for El Salvador to 2.5%, underscoring the growing uncertainty clouding the region’s economic outlook. The revised projection, … Read more
Remittances to El Salvador Growing 18.2% in 2025, Fueled by U.S. Contributions
SAN SALVADOR, El Salvador — Remittances to El Salvador continue to fuel the economy, posting strong growth through the first quarter of 2025, even as cryptocurrency-based transfers sharply decline, according to new data from the Central Reserve Bank (BCR). The … Read more
El Salvador’s Basic Food Basket Drops to $245.89 in March 2025
SAN SALVADOR, El Salvador — Official figures show that rising food costs continue to strain Salvadoran households, with the basic food basket remaining a significant burden despite modest year-over-year price decreases. As of March 2025, according to government data, El … Read more
El Salvador’s Exports Up 8.8% So Far in 2025, Signaling Positive Economic Momentum
The Central Reserve Bank (BCR) reported that Salvadoran exports grew 8.8% in the first quarter of 2025 despite the global economy’s uncertainty due to the U.S. trade war launched against its trading partners. In the first quarter of 2025, Salvadoran … Read more
President Bukele Proposes 12% Minimum Wage Hike in El Salvador Amid Rising Living Costs
SAN SALVADOR, El Salvador — President Nayib Bukele proposed a 12% increase in El Salvador’s minimum wage Friday, a long-awaited measure amid mounting pressure from civil society groups and rising household costs. “Today, we have sent the following proposal to … Read more