Exor Latin America, an international financial services firm, recently stated that, given the encouraging figures in indicators such as the Volume of Economic Activity Index (IVAE), the Salvadoran economy could close with greater dynamism.

For example, the Central Reserve Bank (BCR) reported that the IVAE until July reflected a growth of 2.5% more than that registered in the same month of 2021.

The activities that grew the most until that month were: construction, with 17.3%; information and communications, with 5.9%, and real estate activities, with 3.3%.

According to the Exor report, “it can be inferred that the economy will have greater dynamism this year, driven primarily by the construction sector, real estate activities, consumption, and trade; the latter two related to information and communications activities.”

Exor’s considerations coincide with the general numbers offered by the Salvadoran economy for the second quarter of the year. According to the BCR, the country registered a growth rate of 2.8%, accumulating two consecutive quarters of economic expansion.

For this conclusion, the regulatory institution took into account the dynamism of 15 of the 19 economic activities that represented 72% of the gross domestic product (GDP), among which the following stood out: electricity, with 15.3%; administrative and support services, with 11%; construction, with 10.3%; personal services, with a growth of 6.6%, and health, with 5.5%.

On the other hand, other indicators such as the Consumer Price Index (CPI), also known as the inflation index, have remained at 7.5% until September, while Nicaragua has registered an indicator of 11.5%; Guatemala, 9%; and Costa Rica and Honduras reached percentages above 10%.

In this regard, the president of the Consumer Protection Office (DC), Ricardo Salazar, indicated that the measures against inflation that the Salvadoran government has put in place “have allowed El Salvador to maintain the lowest inflation rates in the region.”