GDP Drop of 2.5% Expected for El Salvador

The Government confirmed the reduction of the economy in 2009; GDP variation will be around -2.5% by the end of the year.

Wednesday, September 30, 2009

The new figure comes after reviewing macroeconomic data, as the initial forecast was -1%.

"For 2010, we had forecasted zero growth, but after the revision, we are expecting positive growth between 0.5% and 1%", said Alex Segovia, head of the Technical Secretary, to newspaper Elsalvador.com.

More on this topic

El Salvador: Economic Outlook for 2017

December 2016

Despite the delicate fiscal context, the Central Bank forecasts GDP growth of between 2.3% and 2.6% for 2017.

In the local context, the Central Bank notes as a potential risk for economic growth the delicate liquidity problem facing the public administration, which is in addition to the structural fiscal deficit, minimizing the potential for growth. On top of his are the high costs incurred both at the public and private level to combat the violence and insecurity affecting the country.

Panama: Change in Base for Calculating GDP

February 2014

Starting this year, the base year for calculating the gross domestic product of Panama will be 2007.

Sources from the Comptroller General of the Republic and the Ministry of Economy and Finance (MEF) confirmed that from 2013, the base year for calculating the economic growth will increase from 1996, which has been used until now, to 2007.

In Seven Years Panama has Grown by Nearly 80%

November 2012

In 2004 Panama's GDP was $13 billion, and with the momentum led by the transport, storage and communications sectors, in 2011 it exceeded $23 billion.

Panamaamerica.com reports that " Panama’s gross domestic product, valued at constant prices, has increased since 2004 when it was $13.09 billion, going to approximately 23.25 billion dollars last year.

Costa Rica: Economic Expectations for 2012

January 2012

Experts agree that 2012 will be a year of slight growth, low inflation and devaluation.

The 30 economists consulted by the weekly publication El Financiero, forecast a GDP growth of around 3.3%, mainly driven by construction and trade sectors through domestic consumption. Interest rates will remain at levels similar to 2011, while the exchange rate could vary between 3 and 6%, reaching between 520 and 540 colones to the dollar at the end of 2012.

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