Business and Economy
El Salvador Coffee Exports in 2023 Total $131.72 Million, Down 16.28% for the Year
El Salvador’s coffee exports year to date total $131.72 million. It represents an 16.28% decrease compared to the same 2022 period, equal to $25.62 million less, according to data from the Central Reserve Bank of El Salvador (BCR). El Salvador’s coffee exports average for 2023 is $16.47 million per month, … Read more
El Salvador exports total $4,547.59 million Year to Date, Down 8.34% for 2023
El Salvador’s exports year to date total $4,547.59 million. It represents a 8.34% decrease compared to the same 2022 period, equal to $413.77 million less, according to data from the Central Reserve Bank of El Salvador (BCR). El Salvador exports in 2023 average $568.45 million per month, reaching a yearly … Read more
Imports to El Salvador in August total $1,360.59 million, down 10.21% year to date
Imports to El Salvador as of August 2023 total $10,425.79 million; it represents a -10.21% year to date reduction, equal to $1,185.67 million less than in 2022, according to data from the Central Reserve Bank of El Salvador (BCR). The monthly average of Imports to El Salvador in 2023 is … Read more
Remittances to El Salvador Totaled $675.04 Million in August, up 5.27% Year to Date
Remittances to El Salvador as of the end of August 2023 totaled $5,368.00 million; it represents a 5.27% annual increase, equal to $269.49 million more than in 2022, according to the latest data from the Central Reserve Bank of El Salvador (BCR). Monthly remittances to El Salvador in 2023 are … Read more
El Salvador’s Basic Food Basket Cost per Family is $255.19 in Urban Areas
As of the end of August 2023, El Salvador’s basic food basket cost per family is $255.19 for the urban sector and $189.02 for rural areas. The Salvadoran essential food basket cost in urban areas is about 25.9% more expensive than in the rural sector. One of the principal worries … Read more
Inflation Rate in El Salvador in 2023 Drops to 3.09. The Rate is Down 57.79% Year-to-Date
The inflation rate in El Salvador at the end of August 2023 is at 3.09; it is 0.25 or 7.49% lower than the 3.34 it closed the previous month. August 2023 is the third month the rate has been under 4.0 since August 2021; it is also the lowest rate … Read more
Salvadoran Congress approves agreement between Google and El Salvador
With 65 votes, the Salvadoran Congress approved an agreement between Google and El Salvador to establish operations in the country, which will help digital transformation and modernize government services. The approving vote transpired at the September 6 legislative plenary session. The implementation of the strategic alliance with Google will allow … Read more
