The Salvadoran economy grew 10.3% in 2021, confirms BCR

The president of the Central Reserve Bank, Douglas Rodríguez, highlighted that the Salvadoran economy grew 10.3%, meaning that El Salvador managed to recover, and even exceed, the production levels prior to the start of the pandemic.

The Salvadoran economy has exceeded international projections for 2021 thanks to: good management of the pandemic, diversification of the energy matrix; implementation of Bitcoin; commitment to tourism; and the frontal fight against crime.

«In 2021, the 19 activities that make up the Salvadoran economy grew, being the ones that contributed the most to economic growth: restaurants and hotels, transportation and storage, health, manufacturing, and commerce» — Rodríguez added.

By 2022, the BCR projects economic growth of 3.2% based on increased vaccination coverage against COVID-19, a boost to public investment in infrastructure, private investment projects, exports, and remittances, among others.