El Salvador’s economy continues to increase historically and exceed the projections of international financial institutions, registering a growth of 3.5% in 2023, demonstrating an economic resurgence in the country achieved under the leadership of President Nayib Bukele.
«The growth of the Salvadoran economy for 2023 was 3.5%. This is the third consecutive year that the Salvadoran economy registers growth rates higher than the average of the last 30 years, which was 2.1%,” reported the president of the Central Reserve Bank (BCR), Douglas Rodríguez.
These results highlight the effectiveness of the economic policies implemented by the current Government, which have exceeded the expectations of even the International Monetary Fund (IMF). In October 2023, the IMF projected 1.8% growth for El Salvador, a figure that almost doubled at the end of the year.
Likewise, the World Bank (WB) predicted a growth of 2.8%, for its part, the Economic Commission for Latin America and the Caribbean (ECLAC) projected that the Salvadoran economy would grow by 2.3%, forecasts that were also exceeded.
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