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

Guatemala: GDP Could Grow Just 3% in 2017

November 2017

Banco de Guatemala plans to close the year with an estimated 3% growth in GDP, and by 2018 it foresees a rebound in economic activity.

A political crisis that seems to have no end, a decline in foreign investment and a slowdown in local economic activity explain most of the meager growth of 3% that Gross Domestic Product could end up registering this year. 

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.

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.

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