Source: world bank Nominal/PPP
Summary:
El Salvador GDP Per Capita expanded from 1965 to 2024, increasing from $274.33 to $5,579.66 .The compound annual growth rate (CAGR) averaged 5.24% over the period. The economy recorded its peak level in 2024 and its lowest level in 1965. Growth volatility remained high. The maximum drawdown reached 7.48%, indicating the largest cyclical decline from peak levels. The country experienced 4 recession episode(s) during the observed period.
El Salvador Economic Phases (1965 - 2024)
From 1965 to 2024, El Salvador economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- Expansion (1966–1969) indicating steady moderate growth
- Expansion (1971–1972) indicating steady moderate growth
- High Growth (1973–1977) indicating robust economic expansion
- Contraction (1981–1982) indicating temporary slowdown
- Expansion (1983–1985) indicating steady moderate growth
- Expansion (1987–1989) indicating steady moderate growth
- High Growth (1990–1998) indicating robust economic expansion
- Expansion (1999–2004) indicating steady moderate growth
- High Growth (2005–2008) indicating robust economic expansion
- High Growth (2011–2012) indicating robust economic expansion
- Expansion (2013–2019) indicating steady moderate growth
- High Growth (2021–2023) indicating robust economic expansion
- Expansion (2024–2024) indicating steady moderate growth
The most remarkable growth occurred in 1977 with an increase of 23.672%, while the largest decline was in 2020 at -7.475%.