El Salvador Advances Five Positions in Global Innovation Index

As an advancement towards technological progress, El Salvador has climbed five positions in the Global Innovation Index, as reported by the World Intellectual Property Organization (WIPO). This remarkable leap, from 100th place in 2022 to 95th this year, is attributed to the relentless efforts of Salvadoran companies in fostering efficient, innovative, and sustainable production processes. The synergy between the private sector’s commitment and the government’s push for technological tools has dynamically reshaped the country’s productive landscape.

President of the Salvadoran Industrial Association (ASI), Eduardo Cader, emphasized the pivotal role of this advancement, considering it a reflection of a national industrial sector that includes a thriving technology segment among its 26 sectors.

“As industrialists, we are characterized by adapting to change and seeking innovative ways of doing things. We are disruptive because it’s a vital part of our daily lives. The ability to innovate is fundamental for the growth and sustainability of companies,” stated Cader.

According to data from the Central Reserve Bank (BCR), the technology sector alone exported $23.1 million in 2022, with the field of information technology and communications generating 19,185 jobs by December last year.

Cader pointed out that the Salvadoran industry has made significant strides in innovation, as evident in its climb on the global index. He also highlighted the industry’s openness to collaborative efforts, facilitating actions, and generating public policies to further propel the sector.

“In a globalized world, companies that do not innovate risk stagnation or disappearance. Therefore, we must be clear that innovation can lead to the creation of new markets, the expansion of product and service portfolios, and, of course, the long-term sustainable growth of the economy,” emphasized Cader.

While acknowledging the progress in innovation, Cader extended congratulations to the government for its proactive measures in this regard. However, he also highlighted existing challenges, particularly in connectivity within the country, emphasizing that resolving these issues requires a concerted effort from both public and private sectors.