Business and Economy


Bitcoin in El Salvador

74 percent of Salvadorans did not use Bitcoin in 2022


74 percent of Salvadorans stated that they had not used bitcoin throughout 2022 to either make purchases or make payments. This is according to the latest survey by the University Institute of Public Opinion (IUDOP) of Jose Simeon Cañas Central American University (UCA). The data shows that most Salvadorans believe … Read more

Inflation Rate in El Salvador

The inflation rate in El Salvador is 7.32% as of December 31 2022


The inflation rate in El Salvador as of December 31, 2022, is 7.32; it is the same as the previous month. The high inflation results from the current global crisis of high prices, the Ukraine conflict, and the effects of the COVID-19 pandemic. The yearly average inflation rate for El … Read more

El Salvador Imports

El Salvador imports for 2022 have increased by 20.01% as of October 31


Imports to El Salvador from January 1 to November 30, 2022, totaled $16266.23 million; it represents a 17.91% annual increase, equal to $2470.59 million more than the same 2021 period. According to the latest data from the Central Reserve Bank of El Salvador (BCR). The Salvadoran Imports monthly average for … Read more

El Salvador coffee exports

El Salvador Coffee exports in 2022 have increased by more than 56%


2022 has been an important year for El Salvador coffee exports. According to the latest report by the Central Reserve Bank of El Salvador (BCR), from January 1 to November 30, 2022, Salvadoran coffee exports totaled $187.01 million; it means a 56.34% increase, equal to $80 million more compared to … Read more

El Salvador exports

El Salvador exports have increased by 12.25% in 2022


El Salvador exports from January 1 to November 30, 2022, totaled $6807.19 million. It represents a 12.25% annual increase, equal to $742.98 million more compared to the same 2021 period, according to data released by the Central Reserve Bank of El Salvador (BCR). El Salvador exports in 2021 averaged $552.40 … Read more

San Salvador El Salvador

Remittances to El Salvador have increased by 3.36% in 2022


Remittances to El Salvador from January 1 to November 30, 2022, totaled $6981.67 million; it represents a 3.36% growth compared to the same 2021 period. The latest data released from the Central Reserve Bank of El Salvador (BCR) shows the increase. Monthly remittances to El Salvador in 2021 averaged $625.39 … Read more

El Salvador Economic Growth

El Salvador’s Economic growth for 2023 is expected to be around 1.6%, according to ECLAC


El Salvador’s economic growth for 2022 is expected to be around 1.6%, according to a report by the Economic Commission for Latin America and the Caribbean (ECLAC) released on December 15, 2022. The overview of the Economies of Latin America and the Caribbean is a report that examines the behavior … Read more