In order to reverse the trend of economic stagnation reflected by the indicators analyzed, the Chamber proposes adopting measures such as the award of Puerto La Union, improving the investment climate, reforming the Law of Public-Private Partnerships (key to securing approval of the disbursement of funds from the second round of FOMILENIO), the adoption of the Law on Legal Stability of Investments and approval of a competitiveness agenda focused on reducing the costs incurred for operating in the country, among other things.

From a statement issued by the Chamber of Commerce and Industry of El Salvador (CAMARASAL):

Chamber expects GDP growth in 2014 will not exceed 2%

In 2013 the Salvadoran economy grew slightly from 1.6% of GDP compared to the previous year, and it is expected that in 2014 this indicator will not exceed 2% of GDP according to a report from the Technical Studies Division of the House of Commerce and Industry of El Salvador.

The report "Economic Results At Close of 2013 and Prospects for 2014" was presented yesterday to a group of directors of member companies of the union, and it stated that in 2014 the economy will slow the pace of growth that it has been experiencing since 2009 .

More on this topic

IMF Details Problems in El Salvador

May 2016

The IMF has indicated political polarization, high crime and outward migration, rising unit labor costs and high logistics costs, barriers to entry and expansion of business, fiscal uncertainty, and limited human capital.

From a statement issued by the IMF:

The IMF staff team visited San Salvador during April 25—May 6 for the 2016 Article IV consultation and held fruitful discussions with the Salvadoran authorities, parliamentarians, business community, academics, and social partners.

El Salvador: Excessive Government Spending

December 2014

The National Foundation for Development is predicting better economic performance in 2015 driven by FOMILENIO projects but warns of the need to adjust public spending.

From a statement issued by the National Development Foundation (FADE):

In 2014 the low growth in economic activity persisted.

Fiscal Crisis Alarms Entrepreneurs El Salvador

September 2013

The National Association of Private Enterprise is warning of an accelerating deterioration of competitiveness and an unprecedented fiscal crisis.

A statement from the National Association of Private Enterprise (ANEP) reads:

COUNTRY RISK IN LAST YEAR OF GOVERNMENT

CURRENT REALITY

Economy of El Salvador in Second Quarter of 2011

August 2011

FUSADES has released a Situation Report for the period April to June 2011.

The report presents a comprehensive quarterly analysis of the behavior of El Salvador’s major economic indicators of, relating to the following sectors and issues: prices, real estate, fiscal, financial, external, agriculture, environment, social and global perspectives.