Institute for Global Enterprise in Indiana

WorldView - South America

El Salvador

US Dept of State - El Salvador

"The Salvadoran economy continues to benefit from a commitment to free markets and careful fiscal management. The economy has been growing at a steady and moderate pace since the signing of peace accords in 1992, and poverty was cut from 66% in 1991 to 34.6% in 2007. Much of the improvement in El Salvador's economy is a result of the privatization of the banking system, telecommunications, public pensions, electrical distribution and some electrical generation; reduction of import duties; elimination of price controls; and improved enforcement of intellectual property rights. Capping those reforms, on January 1, 2001, the U.S. dollar became legal tender in El Salvador. The economy is now fully dollarized." more...

Global Edge

"El Salvador achieved independence from Spain in 1821 and from the Central American Federation in 1839. A 12-year civil war, which cost about 75,000 lives, was brought to a close in 1992 when the government and leftist rebels signed a treaty that provided for military and political reforms." more...

CIA World Factbook

"Despite being the smallest country geographically in Central America, El Salvador has the third largest economy with a per capita income that is roughly two-thirds that of Costa Rica and Panama, but more than double that of Nicaragua." more...

US Department of State World Travel

"El Salvador is a democratic country with a developing economy. Tourism facilities are not fully developed." more...

Languages of El Salvador

"From Ethnologue: Languages of the World - An encyclopedic reference work cataloging all of the world's 6,909 known living languages."more...

International Monetary Fund

"IMF reports and publications for El Salvador - The IMF is an organization of 187 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world." more...