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El Salvador Economy 1996
The agricultural sector accounts for 24% of GDP, employs about 40% of the
labor force, and contributes about 66% to total exports. Coffee is the major
commercial crop, accounting for 45% of export earnings. The manufacturing
sector, based largely on food and beverage processing, accounts for 19% of
GDP and 15% of employment. In 1992-94 the government made substantial
progress toward privatization and deregulation of the economy. Growth in
national output in 1991-94 nearly averaged 5%, exceeding growth in
population for the first time since 1987; and inflation in 1994 of 10% was
down from 19% in 1993.
GDP - purchasing power parity - $9.8 billion (1994 est.)
-
National product real growth rate:
-
National product per capita:
-
Inflation rate (consumer prices):
$890 million, including capital expenditures of $NA (1992 est.)
$823 million (f.o.b., 1994 est.)
coffee, sugarcane, shrimp
US, Guatemala, Costa Rica, Germany
$2.1 billion (c.i.f., 1994 est.)
raw materials, consumer goods, capital goods
US, Guatemala, Mexico, Venezuela, Germany
$2.6 billion (December 1992)
food processing, beverages, petroleum, nonmetallic products, tobacco,
chemicals, textiles, furniture
accounts for 24% of GDP and 40% of labor force (including fishing and
forestry); coffee most important commercial crop; other products -
sugarcane, corn, rice, beans, oilseeds, beef, dairy products, shrimp; not
self-sufficient in food
transshipment point for cocaine; marijuana produced for local consumption
US commitments, including Ex-Im (FY70-90), $2.95 billion (plus $250 million
for 1992-96); Western (non-US) countries, ODA and OOF bilateral commitments
(1970-89), $525 million
1 Salvadoran colon (C) = 100 centavos
Salvadoran colones (C) per US$1 - 8.760 (January 1995), 8.750 (1994), 8.670
(1993), 8.4500 (1992), 8.080 (1991), 8.0300 (1990)
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