Gross Domestic Product Per Capita for El Salvador
PCAGDPSVA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,579.66
Year-over-Year Change
59.51%
Date Range
1/1/1965 - 1/1/2024
Summary
The Gross Domestic Product (GDP) Per Capita for El Salvador is a key economic indicator that measures the average standard of living and economic productivity within the country.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
GDP per capita is calculated by dividing the total GDP of El Salvador by its population. This metric is widely used by economists, policymakers, and investors to assess a country's economic development, living standards, and overall economic health.
Methodology
The data is collected and calculated by the World Bank based on official government statistics.
Historical Context
GDP per capita is a critical input for macroeconomic analysis and policy decisions related to economic growth, income distribution, and social welfare.
Key Facts
- El Salvador's GDP per capita was $4,103 in 2021.
- GDP per capita has grown by an average of 2.3% annually over the past decade.
- El Salvador's GDP per capita is below the Latin American and Caribbean regional average.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product (GDP) per capita for El Salvador measures the average standard of living and economic productivity within the country.
Q: Why is this trend relevant for users or analysts?
A: GDP per capita is a key indicator used by economists, policymakers, and investors to assess a country's economic development, living standards, and overall economic health.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on official government statistics.
Q: How is this trend used in economic policy?
A: GDP per capita is a critical input for macroeconomic analysis and policy decisions related to economic growth, income distribution, and social welfare.
Q: Are there update delays or limitations?
A: The data is updated annually by the World Bank, and there may be some delays in reporting due to the time required to collect and process the information.
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Citation
U.S. Federal Reserve, Gross Domestic Product Per Capita for El Salvador (PCAGDPSVA646NWDB), retrieved from FRED.