Market Research In El Salvador

El Salvador Profile:

  • El Salvador, officially the Republic of El Salvador is the smallest and the most densely populated country in Central America.
  • As of 2010, El Salvador ranks 12th among Latin American countries in terms of the Human Development Index and fourth in Central America (behind Panama, Costa Rica and Belize) due in part to ongoing rapid industrialization.
  • El Salvador is a member of the United Nations and several of its specialized agencies, the Organization of American States (OAS), the Central American Common Market (CACM), the Central American Parliament (PARLACEN), and the Central American Integration System (SICA), World Trade Organization.
  • It has long been a challenge in El Salvador to develop new growth sectors for a more diversified economy.
  • In September 2015, El Salvador kicked off a five-year $277 million second compact with the Millennium Challenge Corporation – a US Government agency aimed at stimulating economic growth and reducing poverty – to improve El Salvador’s competitiveness and productivity in international markets

El Salvador Economy:

  • El Salvador has the fourth largest economy in the region and the country continues to struggle with high rates of poverty, inequality, and crime.
  • Economic growth is recovered somewhat in 2015-16 with an average annual growth rate of 2.4%.
  • Remittances accounted for approximately 17.1% of GDP in 2016 and were received by about a third of all households.
  • El Salvador’s public debt, estimated at 61.1% of GDP in 2016, has been growing over the last several years. Total external debt was nearly 60% of GDP in 2016.
  • El Salvador’s economy has been hampered at times by natural disasters such as earthquakes and hurricanes, by government policies that mandate large economic subsidies and by official corruption

El Salvador Facts:

  • Population: 6.2 million
  • Capital: San Salvador
  • Largest city: San Salvador
  • Area: 21,041 sq km
  • Major language: Spanish (official), Nawat
  • Major religion: Roman Catholic 50%, Protestant 36%, other 2%
  • Life expectancy: 71.6 years (Male), 71.6 years (Female)
  • Monetary unit: 1 US Dollar(US$, USD) = 100 Cents
  • Main exports: Offshore assembly exports, coffee, sugar, textiles and apparel, ethanol, chemicals, electricity, iron, and steel manufactures
  • GNI per Capita: $8,240

Our Market Research Services in El Salvador:

We Employ A Wide Range of Research Techniques in El Salvador:

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