Current account balance as a share of GDP fell 20.0% to -4.25% in El Salvador in 2020, according to the National Statistical Office.
Historically, current account balance as a share of GDP in El Salvador reached an all time high of 0.034% in 1987 and an all time low of -4.25% in 2020. When compared to El Salvador's main peers, current account balance as a share of GDP in Costa Rica amounted to -3.85%, 0.028% in Guatemala, -3.50% in Honduras and -6.02% in Nicaragua in 2020.
El Salvador has been ranked 110th within the group of 172 countries we follow in terms of current account balance as a share of GDP, 27 places below the position seen 10 years ago.
Current Account Balance (As % of GDP) | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
Belize | % | -0.086% | -0.081% | -0.094% | -5.46% | -5.29% | ||||||||||||||||
Costa Rica | % | -0.034% | -0.033% | -0.024% | -3.85% | -4.05% | ||||||||||||||||
El Salvador | % | -0.019% | -0.047% | -0.021% | -4.25% | -4.37% | ||||||||||||||||
Guatemala | % | 0.011% | 0.008% | 0.024% | 0.028% | -0.416% | ||||||||||||||||
Honduras | % | -0.012% | -0.059% | -0.014% | -3.50% | -3.71% | ||||||||||||||||
Mexico | % | -0.018% | -0.021% | -0.003% | -1.50% | -1.60% | ||||||||||||||||
Nicaragua | % | -0.072% | -0.019% | 0.060% | -6.02% | -6.10% | ||||||||||||||||
Panama | % | -0.059% | -0.082% | -0.052% | -4.85% | -4.55% | ||||||||||||||||
USA | % | -0.019% | -0.022% | -0.022% | -3.18% | -3.33% |