Economy of El Salvador

Common card · No. 274737

The economy of El Salvador is considered a developing, upper-middle-income economy that relies heavily on services, exports, foreign family remittances and its unique status as a dollarized country. It has experienced relatively low rates of GDP growth, in comparison to other developing countries. Rates have not risen above the low single digits in nearly two decades. The Salvadoran economy is characterized by income inequality, with 37.8% of the population below the poverty line.

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