Compare El Salvador (2007) - El Salvador (2008)

Compare El Salvador (2007) z El Salvador (2008)

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	El Salvador (2007)	El Salvador (2008)

Budget	revenues: $2.82 billion expenditures: $2.94 billion (FY07 est.)	revenues: $3.464 billion expenditures: $3.605 billion (2007 est.)
Debt - external	$7.518 billion (2006 est.)	$5.444 billion (December 2007)
Diplomatic representation in the US	chief of mission: Ambassador Rene Antonio LEON Rodriguez chancery: 2308 California Street NW, Washington, DC 20008 telephone: [1] (202) 265-9671 FAX: [1] (202) 234-3834 consulate(s) general: Chicago, Dallas, Elizabeth (New Jersey), Houston, Las Vegas, Los Angeles, Miami, New York (2), Nogales (Arizona), Santa Ana (California), San Francisco, Washington, DC consulate(s): Boston	chief of mission: Ambassador Rene Antonio LEON Rodriguez chancery: 1400 16th Street, Washington, DC 20036 telephone: [1] (202) 265-9671 FAX: [1] (202) 234-3834 consulate(s) general: Chicago, Dallas, Elizabeth (New Jersey), Houston, Las Vegas, Los Angeles, Miami, New York (2), Nogales (Arizona), Santa Ana (California), San Francisco, Washington, DC consulate(s): Boston
Economic aid - recipient	$199.4 million of which $55 million from US (2005)	$267.6 million of which $55 million from US (2005)
Economy - overview	The smallest country in Central America, El Salvador has the third largest economy, but growth has been minimal in recent years. Hoping to stimulate the sluggish economy, the government is striving to open new export markets, encourage foreign investment, and modernize the tax and healthcare systems. Implementation in 2006 of the Central America-Dominican Republic Free Trade Agreement, which El Salvador was the first to ratify, has strengthened an already positive export trend. The trade deficit has been offset by annual remittances from Salvadorans living abroad - equivalent to more than 16% of GDP - and external aid. With the adoption of the US dollar as its currency in 2001, El Salvador has lost control over monetary policy and must concentrate on maintaining a disciplined fiscal policy. The current government has pursued economic diversification, with some success in promoting textile production, international port services, and tourism. It is committed to opening the economy to trade and investment, and has embarked on a wave of privatizations extending to telecom, electricity distribution, banking, and pension funds.	The smallest country in Central America, El Salvador has the third largest economy, but growth has been modest in recent years. Robust growth in non-traditional exports have offset declines in the maquila exports, while remittances and external aid offset the trade deficit from high oil prices and strong import demand for consumer and intermediate goods. El Salvador leads the region in remittances per capita with inflows equivalent to nearly all export income. Implementation in 2006 of the Central America-Dominican Republic Free Trade Agreement (CAFTA), which El Salvador was the first to ratify, has strengthened an already positive export trend. With the adoption of the US dollar as its currency in 2001, El Salvador lost control over monetary policy and must concentrate on maintaining a disciplined fiscal policy. The current government has pursued economic diversification, with some success in promoting textile production, international port services, and tourism through tax incentives. It is committed to opening the economy to trade and investment, and has embarked on a wave of privatizations extending to telecom, electricity distribution, banking, and pension funds. In late 2006, the government and the Millennium Challenge Corporation signed a five-year, $461 million compact to stimulate economic growth and reduce poverty in the country's northern region through investments in education, public services, enterprise development, and transportation infrastructure.
Electricity - consumption	5.204 billion kWh (2006)	5.319 billion kWh (2006)
Electricity - exports	95.5 million kWh (2006)	111.1 million kWh (2007)
Electricity - imports	322 million kWh (2005)	38.6 million kWh (2007)
Electricity - production	5.293 billion kWh (2006)	5.316 billion kWh (2006)
Exports	NA bbl/day	4,963 bbl/day (2006)
Exports - partners	US 49.6%, Guatemala 14.4%, Honduras 8.8%, Nicaragua 5% (2006)	US 49.5%, Guatemala 14.4%, Honduras 8.8%, Nicaragua 5% (2006)
GDP - composition by sector	agriculture: 10.1% industry: 29.9% services: 60% (2006 est.)	agriculture: 10.2% industry: 29.3% services: 60.5% (2007 est.)
GDP - real growth rate	4.2% (2006 est.)	4.7% (2007 est.)
Imports	NA bbl/day	45,210 bbl/day (2006)
Industrial production growth rate	2% (2006 est.)	2% (2007 est.)
Inflation rate (consumer prices)	4% (2006 est.)	4.9% (2007 est.)
International organization participation	BCIE, CACM, FAO, G-77, IADB, IAEA, IBRD, ICAO, ICC, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IOM, IPU, ISO (correspondent), ITSO, ITU, ITUC, LAES, MIGA, MINURSO, NAM (observer), OAS, OPANAL, OPCW, PCA, RG, UN, UNCTAD, UNESCO, UNIDO, Union Latina, UNMIL, UNMIS, UNOCI, UNWTO, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WTO	BCIE, CACM, FAO, G-77, IADB, IAEA, IBRD, ICAO, ICC, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IOM, IPU, ISO (correspondent), ITSO, ITU, ITUC, MIGA, MINURSO, NAM (observer), OAS, OPANAL, OPCW, PCA, RG, UN, UNCTAD, UNESCO, UNIDO, Union Latina, UNMIL, UNMIS, UNOCI, UNWTO, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WTO
Judicial branch	Supreme Court or Corte Suprema (judges are selected by the Legislative Assembly)	Supreme Court or Corte Suprema (15 judges are selected by the Legislative Assembly; the 15 judges are assigned to four Supreme Court chambers - constitutional, civil, penal, and administrative conflict)
Labor force	2.875 million (2006 est.)	2.87 million (2007 est.)
Labor force - by occupation	agriculture: 17.1% industry: 17.1% services: 65.8% (2003 est.)	agriculture: 19% industry: 23% services: 58% (2006 est.)
Military branches	Salvadoran Army (ES), Salvadoran Navy (FNES), Salvadoran Air Force (Fuerza Aerea Salvadorena, FAS) (2006)	Salvadoran Army (ES), Salvadoran Navy (FNES), Salvadoran Air Force (Fuerza Aerea Salvadorena, FAS) (2008)
Population below poverty line	35.2% (2005 est.)	30.7% (2006 est.)
Unemployment rate	6% official rate; but the economy has much underemployment (2006 est.)	6.6% official rate; but the economy has much underemployment (2007 est.)

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