El Salvador's GDP grows by 4.2%

The Salvadoran economy showed signs of resistance to the international crisis during the first trimester of 2008.

Friday, August 8, 2008

As of March, the GDP grew by 4.2%, according to the Central Reserve Bank (BCR). The Monthly Index of Economic Activity (MIEA) grew by 3.6% in May, according to the BCR, which kept its growth projections at 4% for 2008.

More on this topic

Costa Rica: Quarterly GDP Up 3.4%

July 2017

In the first quarter of the year, household final consumption and private construction investment accounted for most of the annualized 3.4% increase in GDP.

From a report by the Central Bank of Costa Rica:
 
In the first quarter of 2017, economic activity, measured by the cycle trend of the real Gross Domestic Product (GDP), grew at an annualized rate of 3.4%, mainly reflecting higher final household consumption expenditure and to a lower extent, an increase in investment in private construction, since external demand showed a moderation in its growth.

GDP vs. National Disposable Income

May 2012

In Costa Rica, 7% of GDP is not enjoyed in the country, but it goes abroad as profits of foreign companies.

In 2011, the Gross Domestic Product (GDP) in Costa Rica reached $48.585 billion, but the earnings of the productive activity of foreign firms in the country should be deducted from that amount , which take to their countries of origin $3.4 billion.

Costa Rican GDP Down 2.3%

September 2009

In the second quarter of 2009, the country's Gross Domestic Product dropped 2.3% when compared to the same period of 2008.

The most affected sectors were industry, commerce, restaurants and hotels, and construction.

"GDP fell 2.3% in the second quarter when compared to last year, while it had dropped 0.8% in the first quarter", reported Elfinancierocr.com.

El Salvador economic growth target 'out of reach'

July 2008

El Salvador's target of 4.2 percent economic growth for this year is out of reach, according to the Salvadoran Fund for Social and Economic Development (Fusades).

Álvaro Guatemala, the Fusades executive director, said the nation is facing a serious crisis as a result of high international oil and food prices.

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