El Salvador
| Country summary | |
|---|---|
|
Capital |
San Salvador |
|
Borders |
|
|
Government type |
republic |
|
Population |
7,185,218 (July 2010 est.)[1] |
|
Population growth |
1.656% (2010 est.)[1] |
|
Life expectancy |
72.33 years[1] |
|
Unemployment |
7.2% (2009 est.)[1] |
|
32[2] | |
|
84[3] | |
|
84[4] | |
El Salvador achieved independence from Spain in 1821 and from the Central American Federation in 1839. A 12-year civil war, which cost about 75,000 lives, was brought to a close in 1992 when the government and leftist rebels signed a treaty that provided for military and political reforms.[1]
Economical characteristics
- Currency: U.S. dollar (ISO code: USD)
- Central bank discount rate: [1]
- Commercial banks lending rate: 12.33% (31 December 2008)[1]
- Stock of money (M1): $213.7 million (31 December 2008)[1]
- Quasi money (with M1 makes M2): $788.7 million (31 December 2008)[1]
Notable events:
- Banking crisis: 1989, 1998[5]
- Public default: 1828-1860, 1898, 1921-1922, 1932-1935, 1938-1946 (external), 1981-1996 (domestic)
- Years in inflation: 3.5% (share of years 1838-2009 with annual inflation above 20 per cent per annum)[6]
Statistics
| Statistic / Year | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|
| GDP (million USD)[7] | 12 465 | 13 134 | 13 813 | 14 307 | 15 047 | 15 798 | 17 070 | 18 654 | 20 373 | 22 115 |
| Govt. debt (% of GDP)[8] | 55.278 | 50.973 | 49.085 | 48.404 | 43.326 | 40.484 | 39.388 | |||
| Govt. revenue (% of GDP)[9] | 16.001 | 15.252 | 15.555 | 15.877 | 17.210 | 19.155 | 19.879 | |||
| Govt. expenses (% of GDP)[10] | 17.901 | 15.266 | 17.043 | 17.630 | 19.324 | 17.153 | 18.505 | |||
| Debt to revenue (years) | 3.455 | 3.342 | 3.155 | 3.049 | 2.518 | 2.113 | 1.981 |
References
Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 CIA - The World Factbook. "El Salvador", from The World Factbook. Referenced 2010-09-30.
- ↑ Heritage Foundation. "El Salvador", Economic Freedom Score. A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-09-30.
- ↑ Transparency International. "El Salvador", Corruption Perceptions Index 2009. A lower ranking is better; but please note that the numbers cannot be compared between countries or years due to different methodology. Referenced 2010-09-30.
- ↑ Doing Business. "El Salvador", Doing Business 2010 (part of The World Bank Group). A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-09-30.
- ↑ Carmen M. Reinhart and Kenneth S. Rogoff. "This Time is Different", Princeton University Press, ISBN 978-0-691-14216-6, p. 361. (The list does not claim to be complete.) Referenced 2011-07-19.
- ↑ Carmen M. Reinhart. "This Time is Different Chartbook: Country Histories on Debt, Default, and Financial Crises" (pdf), March 3, 2010, p. 45. (The list does not claim to be complete.) Referenced 2011-07-19.
- ↑ World Bank. "El Salvador: GDP", from World Bank Data. Referenced 2010-09-30.
- ↑ World Bank. "El Salvador: government debt", from World Bank Data. Referenced 2010-09-30.
- ↑ World Bank. "El Salvador: government revenue", from World Bank Data. Referenced 2010-09-30.
- ↑ World Bank. "El Salvador: government expenses", from World Bank Data. Referenced 2010-09-30.
Links
- El Salvador on Wikipedia
- Central bank of El Salvador
- Country profile (pdf) from the Enterprise Studies page (part of the The World Bank Group)
- Studies from the Library of Congress (1986-1998)
- BBC country profile
- Expatriate to El Salvador? by James Dunlap, April 2010
- Market Medicine in El Salvador by James Dunlap, March 2010
