According to the global ranking by Stats Feed, based on Trading Economics data, El Salvador holds the lowest annual inflation rate in the world at 0.31%. The report, shared on social media platform X, places China in second position with 0.5%, while Syria records the highest inflation rate at 120%. Countries with the highest inflation rates include Argentina (84.5%), Turkey (42.12%), Nigeria (24.48%), Egypt (24%), and Venezuela (23.58%).

Other notable inflation rates include Lebanon at 16.1% and Ukraine at 12.9%. Nations such as Bangladesh, Russia, Kazakhstan, Hungary, Poland, Serbia, and Brazil report inflation rates between 10% and 5%, while India, Japan, Israel, Mexico, Austria, South Africa, the United States, the United Kingdom, and Spain fall between 4.21% and 2.8%. The countries with the lowest inflation rates, alongside El Salvador, include Australia, Pakistan, Germany, Norway, South Korea, Saudi Arabia, Canada, Ireland, Italy, Denmark, Singapore, and Sweden — all below 1%.

President Nayib Bukele highlighted the ranking on X, attributing the achievement to various economic strategies implemented by his administration. The Central Reserve Bank (BCR) reported El Salvador’s inflation at 0.29% in December 2024, positioning the country with the lowest inflation in Central America.

Government Strategies

Several measures have contributed to this economic stability. In January, the government covered electricity and water bills for 95% of residential users whose December consumption did not exceed $80 for electricity and $30 for water, benefiting more than 1.8 million Salvadorans.

Additionally, 55 “agromercados” have been established nationwide, along with a central supply market in Soyapango, providing high-quality food products at up to 50% lower prices. These initiatives form part of Bukele’s six-phase Economic Plan, launched during his second term, with the first phase focused on food security.

The plan also includes a 10-year suspension of import tariffs on 116 basic food products and 70 other essential goods, such as fertilizers, fruits, vegetables, and animal feed. Subsidies for essential items like propane gas remain in place to support families and small businesses amid global price fluctuations.

The next phases, Technology and Logistics, involve significant public and private investments, further strengthening El Salvador’s economic outlook.