General Government Revenue for El Salvador
SLVGGRGDP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.10
Year-over-Year Change
5.97%
Date Range
1/1/2011 - 1/1/2024
Summary
The General Government Revenue for El Salvador measures the total revenue collected by the Salvadoran government, including taxes, social contributions, and other revenue sources. This metric is crucial for assessing the fiscal position and sustainability of the country's public finances.
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
The General Government Revenue for El Salvador represents the total amount of money received by the central, state, and local governments in the country. It is a key indicator of the government's ability to fund public services, infrastructure, and social programs, and is closely monitored by economists, policymakers, and international institutions.
Methodology
The data is collected and compiled by the International Monetary Fund (IMF) as part of its Government Finance Statistics program.
Historical Context
General government revenue data is widely used to analyze fiscal policy, debt sustainability, and the overall health of a country's public finances.
Key Facts
- El Salvador's general government revenue was 20.2% of GDP in 2021.
- Tax revenue accounts for approximately 70% of total government revenue in El Salvador.
- The government's fiscal balance has been in deficit in recent years, reaching -5.7% of GDP in 2021.
FAQs
Q: What does this economic trend measure?
A: The General Government Revenue for El Salvador measures the total revenue collected by the Salvadoran government, including taxes, social contributions, and other revenue sources.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for assessing the fiscal position and sustainability of the country's public finances, as it provides insight into the government's ability to fund public services, infrastructure, and social programs.
Q: How is this data collected or calculated?
A: The data is collected and compiled by the International Monetary Fund (IMF) as part of its Government Finance Statistics program.
Q: How is this trend used in economic policy?
A: General government revenue data is widely used to analyze fiscal policy, debt sustainability, and the overall health of a country's public finances, informing decisions by policymakers, economists, and international institutions.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and data collection processes of the IMF, which may result in some delay in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, General Government Revenue for El Salvador (SLVGGRGDP), retrieved from FRED.