Prospects for Salvadoran Industry

The industry considers the loss of jobs and lack of growth of the sector has been caused by legal and political uncertainty, excessive red tape, and insecurity.

According to figures from the International Monetary Fund (IMF), based on data from the Central Bank, in the last seven five-year periods growth was the highest in the period 1989-1993, at 4.9%, and lowest in the five-year period from 2009-2013, at 0.8%, due to the international crisis. Projections for the five years 2014-2018 are of 2.3%.

According to the 2012 study by the BCR, the country's growth potential could be located at up to 2.76%. However, union representatives believe that this figure falls short when considering the productivity of the Salvadoran labor force, the privileged location the country has and the opportunity for exports to grow in the markets of its major trading partners.

Source: The Association of Industries of El Salvador