El Salvador: Staff Report for the 2004 Article IV Consultation
IMF Staff Country Reports, August 9, 2005
Source details
- Canonical URL
- El Salvador: Staff Report for the 2004 Article IV Consultation
Other formats
Bibliographic details
- Published: August 9, 2005
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451834758.002
Summary and key findings
- Economic growth in El Salvador in recent years has been dampened by adverse external conditions, major earthquakes, and election-related uncertainties.
- Real GDP growth is estimated at about 1½ percent in 2004.
- Inflation picked up to more than 5 percent in 2004, owing to higher oil prices.
- The public sector deficit is expected to decline to 3 percent of GDP in 2004.
- Executive Directors praised El Salvador’s long-standing record of structural reform and commitment to sound macroeconomic policies, and considered that official dollarization has served El Salvador well.
Economic indicators and themes covered
- Balance of payments
- Banking
- Central banks
- Current account balance
- Economic sectors
- External debt
- International reserves
- Public debt
- Public sector
Subjects and keywords
- Subject: Balance of payments, Banking, Central banks, Current account balance, Economic sectors, External debt, International reserves, Public debt, Public sector
- Keywords: authority, Central America, CR, Current account balance, deficit, dollarization regime, East Asia, Global, International reserves, ISCR, Net international reserves, preliminary data, Public sector, public sector deficit, staff appraisal
Source: IMF Staff Country Reports — El Salvador: Staff Report for the 2004 Article IV Consultation (2005).