Solid growth, remaining structural challenges
B2
MEDIUM RISK for entreprise
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
Last updated in December 2022.
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GDP | USD 85.986bn (World ranking 68, World Bank 2021) |
Population | 17.11mn (World ranking 69, World Bank 2021) |
Form of state | Constitutional Democratic Republic |
Head of government | Alejandro Giammattei (President) |
Next elections | 2023, presidential and legislative |

- Prudent macroeconomic policy framework
- Moderate debt ratios and adequate external balance
- Access to international financial support likely if needed
- Trade agreement with the U.S. (DR-CAFTA)
- Effective management of current account

- High dependency on primary commodities and the U.S. (trade and remittances)
- Weak institutional framework, legacy of political instability
- Severe levels of crime and drug trafficking
- Low medium-term real GDP per capita growth and highly skewed income distribution
Trade structure by destination/origin
(% of total, 2021)
Exports | Rank | Imports |
---|---|---|
United States
32.3%
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1 |
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El salvador
11.7%
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2 |
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Honduras
9.9%
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3 |
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Nicaragua
5.5%
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4 |
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Mexico
4.4%
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5 |
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Trade structure by product
(% of total, 2021)
Exports | Rank | Imports |
---|---|---|
Vegetables and fruits
15.6%
|
1 |
12.0%
Petroleum, petroleum products and related materials
|
Articles of apparel & clothing accessories
12.5%
|
2 |
7.4%
Road vehicles
|
Coffee, tea, cocoa, spices, and manufactures thereof
11.0%
|
3 |
4.9%
Iron and steel
|
Fixed vegetable oils and fats, crude, refined or fractionated
6.1%
|
4 |
4.6%
Textile yarn and related products
|
Iron and steel
5.5%
|
5 |
4.2%
Telecommunication and sound recording apparatus
|
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