El Salvador - Income



The US Central Intelligence Agency (CIA) reports that in 2001 El Salvador's gross domestic product (GDP) was estimated at $28.4 billion. The per capita GDP was estimated at $4,600. The annual growth rate of GDP was estimated at 1.4%. The average inflation rate in 2001 was 3.8%. The CIA defines GDP as the value of all final goods and services produced within a nation in a given year and computed on the basis of purchasing power parity (PPP) rather than value as measured on the basis of the rate of exchange. It was estimated that agriculture accounted for 10% of GDP, industry 30%, and services 60%.

According to the United Nations, in 2000 remittances from citizens working abroad totaled $1.751 billion or about $279 per capita and accounted for approximately 13.3% of GDP. Worker remittances in 2001 totaled $1.911 billion. Foreign aid receipts amounted to about $27 per capita and accounted for approximately 2% of the gross national income (GNI).

The World Bank reports that in 2001 per capita household consumption (in constant 1995 US dollars) was $1,494. Household consumption includes expenditures of individuals, households, and nongovernmental organizations on goods and services, excluding purchases of dwellings. It was estimated that for the same period private consumption declined at an annual rate of 2%. The richest 10% of the population accounted for approximately 39.5% of household consumption and the poorest 10% approximately 1.2%. It was estimated that in 1999 about 48% of the population had incomes below the poverty line.

Also read article about El Salvador from Wikipedia

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Oct 27, 2011 @ 11:11 am
your website was amazing. it helped me finish my history report in recorded time. who ever did this article thank you truley .
THANKS!
sincerly
jemika

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