Business and Economy

IMF Economic Outlook for El Salvador

The International Monetary Fund “IMF” Predicts El Salvador’s Economy Will Grow by 3% in 2024

The International Monetary Fund (IMF) improved its growth projections for El Salvador and expects the country to grow 3% at the end of 2024; this projection is higher than the 1.9% predicted in October 2023. The IMF is the second economic organization in 2024 that has increased the country’s projections. … Read more

El Salvador Credit Ratings

El Salvador Credit Ratings: S&P maintains El Salvador’s rating at B- with a Stable Outlook

On Thursday, April 15th, the S&P Global Ratings agency declared that it would uphold El Salvador’s sovereign risk rating at B-, maintaining a stable outlook. S&P Global is the first credit rating agency to respond following the Salvadoran government’s announcement of its reentry into the international market after a four-year … Read more

ECLAC El Salvador Economic Outlook

The Economic Commission for Latin America “ECLAC” Predicts El Salvador’s Economy Will Grow by 2% in 2024

The Economic Commission for Latin America (ECLAC) predicts an economic growth of 2% for El Salvador in 2024. The projected increase was made public on ECLAC’s December 2023 Preliminary Overview of the Economies of Latin America and the Caribbean 2023. The United Nations agency’s projection falls below the 3% to … Read more

World Bank El Salvador Economic Outlook

The World Bank Predicts El Salvador’s Economy Will Grow by 2.5% in 2024

On April 10, the World Bank improved El Salvador’s economic growth outlook from 2.3% to 2.5%. However, the forecast is lower than the official Salvadoran Central Reserve Bank (BCR) forecast, which estimates a rate of between 3% and 3.5%. The World Bank’s 2024 projection for the country is the lowest … Read more

El Salvador’s Central Reserve Bank BCR Economic Outlook

The Salvadoran Central Reserve Bank (BCR) Projects an Economic Growth of 3% to 3.5% in 2024

The Salvadoran Central Reserve Bank (BCR) projects that El Salvador’s economy will grow between 3.0% and 3.5% in 2024, driven by an increase in the development of public and private investment projects. BCR’s President Douglas Rodríguez affirmed that one of the primary drivers of this economic growth is the improved … Read more

Inflation rate in El Salvador

The Inflation Rate in El Salvador for 2024 Is 0.77, the Lowest in Three Years

As of March 2024, the inflation rate in El Salvador, reported by the Central Reserve Bank (BCR), is 0.77%, representing the lowest rate recorded since January 2021. Today’s inflation rate in El Salvador is -0.03 or 3.75% lower than the 0.80% it closed the previous month. The Salvadoran inflation rate … Read more

El Salvador Bitcoins

El Salvador Bitcoins: A Nation’s Journey into Digital Currency

El Salvador continues investing in Bitcoin. As of April 1, 2024, El Salvador possesses 5,706.75 Bitcoins, valued at $397,886,081 US dollars, equivalent to $69,722.00 per Bitcoin. President Nayib Bukele’s unprecedented decision to make Bitcoin a legal tender in El Salvador in 2021, has sparked intense discussions globally, reshaping perceptions of … Read more