Remittance inflows to GDP in El Salvador
El Salvador: Remittance inflows to GDP was 24.1% in 2020. ◆ Volatile
Remittance inflows to GDP in El Salvador, 1976–2020
Source: World Development Indicators (WDI), World Bank. Measured in %.
Analysis
The most recent figure for remittance inflows to gdp in El Salvador is 24.1%, measured in 2020. That is the highest value across all 45 years on record.
The figure is up 14.5% on the previous year and up 27.9% over ten years.
Over the whole period, remittance inflows to gdp in El Salvador peaked at 24.1% in 2020 and was at its lowest, 0.5%, in 1976.
That places El Salvador 8th out of 197 countries with data for 2020, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Remittance inflows to GDP in El Salvador, year by year
| Year | % | Change |
|---|---|---|
| 1976 | 0.5% | — |
| 1977 | 1.8% | +303.2% |
| 1978 | 2.2% | +18.1% |
| 1979 | 2.9% | +33.1% |
| 1980 | 1.4% | -52.5% |
| 1981 | 2.1% | +53.7% |
| 1982 | 3.3% | +56.5% |
| 1983 | 3.3% | -0.3% |
| 1984 | 4.3% | +32.0% |
| 1985 | 4.1% | -4.8% |
| 1986 | 4.2% | +0.8% |
| 1987 | 4.7% | +13.1% |
| 1988 | 5.0% | +6.7% |
| 1989 | 5.4% | +8.1% |
| 1990 | 7.6% | +39.8% |
| 1991 | 9.0% | +19.0% |
| 1992 | 11.9% | +32.0% |
| 1993 | 11.9% | -0.3% |
| 1994 | 12.7% | +6.2% |
| 1995 | 11.9% | -5.8% |
| 1996 | 11.3% | -5.2% |
| 1997 | 11.7% | +3.8% |
| 1998 | 12.2% | +4.3% |
| 1999 | 12.3% | +0.4% |
| 2000 | 15.0% | +21.9% |
| 2001 | 15.7% | +4.7% |
| 2002 | 15.4% | -1.6% |
| 2003 | 16.0% | +3.9% |
| 2004 | 18.7% | +16.6% |
| 2005 | 20.6% | +10.3% |
| 2006 | 21.8% | +5.6% |
| 2007 | 21.8% | +0.2% |
| 2008 | 20.9% | -4.3% |
| 2009 | 19.3% | -7.4% |
| 2010 | 18.8% | -2.6% |
| 2011 | 18.0% | -4.5% |
| 2012 | 18.3% | +1.9% |
| 2013 | 18.0% | -1.4% |
| 2014 | 18.4% | +2.1% |
| 2015 | 18.2% | -1.0% |
| 2016 | 18.9% | +3.4% |
| 2017 | 20.0% | +6.1% |
| 2018 | 20.7% | +3.6% |
| 2019 | 21.0% | +1.5% |
| 2020 | 24.1% | +14.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.8% | 0.5% | 2.9% | 4 |
| 1980s | 3.8% | 1.4% | 5.4% | 10 |
| 1990s | 11.3% | 7.6% | 12.7% | 10 |
| 2000s | 18.5% | 15.0% | 21.8% | 10 |
| 2010s | 19.0% | 18.0% | 21.0% | 10 |
| 2020s | 24.1% | 24.1% | 24.1% | 1 |
Countries ranked near El Salvador
More financial sector data for El Salvador
- Net domestic credit (current LCU), per capita 3,882 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 0.6732 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 5.6 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 2.03 million SDR (2025)
- Gold reserves at market value 185.32 million SDR (2025)
- Reserves excluding gold, foreign exchange 3.17 billion SDR (2025)
- Reserves excluding gold 3.33 billion SDR (2025)
- Total reserves (gold at market value) 3.52 billion SDR (2025)
- Total reserves (gold at national valuation) 3.51 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 552.09 SDR per person (2025)
Frequently asked questions
- What is remittance inflows to gdp in El Salvador?
- Remittance inflows to gdp in El Salvador was 24.1% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest remittance inflows to gdp recorded in El Salvador?
- The highest recorded value was 24.1% in 2020.
- What is the lowest remittance inflows to gdp recorded in El Salvador?
- The lowest recorded value was 0.5% in 1976.
- How does El Salvador rank for remittance inflows to gdp?
- El Salvador ranks 8th out of 197 countries with data for 2020.
- Is remittance inflows to gdp rising or falling in El Salvador?
- Over the last ten years it is up 27.9%. The long-run trend across the full record is volatile.
- Where does this El Salvador data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Remittance inflows to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by nonresident workers. Data are the sum of three items defined in the fifth edition of the IMF's Balance of Payments Manual: workers' remittances, compensation of employees, and migrants' transfers. Remittances are classified as current private transfers from migrant workers resident in the host country for more than a year, irrespective of their immigration status, to recipients in their country of origin. Migrants' transfers are defined as the net worth of migrants who are expected to remain in the host country for more than one year that is transferred from one country to another at the time of migration. Compensation of employees is the income of migrants who have lived in the host country for less than a year.