With a per capita GDP of $4,131, El Salvador is the fifth poorest country in North America. El Salvador features a small elite that has become affluent as a result of the country’s coffee and sugar exports. On the other side, approximately 40% of the population lives in poverty. Over half of El Salvador’s population subsists on less than $2 per day. Gangs and violence, as well as a poor educational system, all contribute to the country’s poverty.
What will El Salvador’s GDP per capita be in 2021?
According to Trading Economics global macro models and analysts, El Salvador’s GDP per capita is anticipated to reach 3370.00 USD by the end of 2021. According to our econometric models, El Salvador’s GDP per capita is expected to trend at 3470.00 USD in 2022 and 3560.00 USD in 2023.
Is El Salvador’s economy doing well?
El Salvador’s economy is ranked 90th in the 2022 Index for economic freedom, with a score of 59.6. El Salvador is placed 18th out of 32 countries in the Americas, with a score that is higher than the regional average but lower than the global average.
Is it legal to use Bitcoin in El Salvador?
El Salvador became the first country to allow consumers to use cryptocurrency alongside the US dollar in all purchases in September.
In El Salvador, how much does the average person earn?
According to our econometric models, the El Salvador Living Wage Individual is expected to trend around 325.42 SVC/Month in 2021 and 325.44 SVC/Month in 2022.
What is El Salvador’s main economic source?
El Salvador is Central America’s tiniest country. The country shares borders with Honduras and Guatemala, as well as a Pacific Ocean coastline. San Salvador is the country’s largest city and the country’s capital.
Agriculture has long dominated El Salvador’s economy, with coffee being the most important cash crop. El Salvador’s GDP based on PPP was $57.88 billion in 2017, with a GDP per capita of $7,600. The nominal GDP in 2012 was $23.99 billion. In 2015, the country’s GDP grew at a pace of 2.4 percent, while in 2016, it grew at a rate of 2.6 percent. Agriculture, tourism, and manufacturing are among the most important industries in El Salvador.
What is El Salvador’s most valuable export?
Textiles, chemicals, rubber and plastics, and metallic products account for the majority of El Salvador’s exports (97 percent of total sales). Sugar and coffee are two of the country’s traditional exports. With 45 percent of overall sales, the United States is the most important export partner.
Is El Salvador a poor country?
El Salvador’s poverty rate is projected to be 4 out of 10 people. Half of all children and teenagers in the country live on less than $1.25 per day.
These circumstances have major ramifications for these populations, who lack adequate nourishment, water, and sanitation.
El Salvador has one of the world’s highest criminal activity rates. The country has also been given other names “Its murder rate is the highest in the region, making it “the most violent in Latin America.”
Over the last six months, the National Civil Police (PNC) has registered a total of 273 injured minors. Homicides and physical and sexual abuse against adolescents are becoming increasingly common in the country.
In fact, according to UNICEF, 241 minors between the ages of 13 and 17 were slain in the first half of 2009.
Between January and July 2009, there were 448 reports of kids being raped.
Adolescent gangs () “El Salvador has a huge population of maras. These gangs have around 10,000 members, most of them are between the ages of 16 and 18.
Despite the growing violence in El Salvador, the judicial system is attempting to safeguard youngsters. In 2010, a law protecting children and teenagers went into effect. With the help of the state, families, and society, a comprehensive national system to protect children and adolescents can be developed.
The legal sanctions for minors, which provide rules for minors who break the law, do help to ensure that children’s fundamental rights are protected. For dealing with children, both the courts and specific services within the judicial system have received support. In addition, a social reintegration program for young delinquents has been established.
Many youngsters are unable to attend school due to financial or geographical constraints. El Salvador has made considerable changes to its secondary education system in attempt to address this, significantly improving both access to school and educational quality.
Many children, on the other hand, are unable to pursue secondary education because they must work to support their family.
According to the United Nations, more than 35% of Salvadorian youngsters are forced to work for a living. They typically work as domestic servants or street merchants on coffee or sugar cane estates.
The problem is considerably worse in rural areas, where it accounts for 62 percent of the population. Many families cannot meet their own requirements since they live on less than $1 a day. Children as young as 6 or 7 years old will frequently begin working.
The right to free preschool education is recognized in El Salvador’s Constitution, which was written in 1983. (4-6 years old).
However, after the age of seven, children begin to drop out of school.
In El Salvador, almost 440,000 children are forced to work from an early age. Approximately 1.8 million minors aged 5 to 17 are required to labor. Thirty percent of the inhabitants in downtown La Libertad is living in extreme poverty.
Families have no alternative but to send their youngsters to work in markets and dumps to help support their families. They labor long hours, often in hazardous environments where they are subjected to abuse and disease.
Domestic or agricultural labour is also done by children. Sugar cane plantations and other places of work can be dangerous places to work.
Rural areas, where more than 55 percent of households live in poverty, are home to two-thirds of working children. The money that youngsters bring home is often critical to the survival of these families.
Despite this, the constitution contains laws to regulate child work, which are frequently disregarded.
Working for minors under the age of 14 is actually prohibited. Children are able to work after they become 16, but only for a specified amount of hours every day. Children under the age of 18 are only permitted to work in jobs that are neither hazardous nor unhygienic.
El Salvador has also ratified the International Labour Organization’s (ILO) Convention No. 182, which prohibits the worst kinds of child labor and advocates for their abolition immediately.
Millions of youngsters, particularly young girls, are affected by arranged marriages around the world.
The Family Code enables children beyond the age of 14 to marry in one of three circumstances: they are pubescent, the pair has a kid, or the girl is pregnant.
According to UNICEF, 5% of children under the age of 15 have already married, and 25% of children will marry by the age of 18.
Another issue that children in El Salvador encounter is the registration of their births in civil records.
The population of El Salvador is expected to be 9.8% unregistered at birth and does not have a birth certificate. Approximately 672,000 youngsters in the country are currently unregistered. This is a severe issue because unregistered children do not have legal status and are unable to seek citizenship.
Non-registered children have access to public health services but are not allowed to attend public school.
El Salvador must also address the HIV/AIDS epidemic. Despite several efforts by national authorities, the rate of HIV infection has increased during the 1990s, with the virus impacting the most vulnerable groups. There have been 14,718 cases of HIV infection documented.
However, it is estimated that 60% of instances are not reported. This condition is more severe in metropolitan areas (60 percent of instances), and women are affected more than men. HIV/AIDS affects around 29,000 adults and children in the United States. The virus is usually passed down from mother to kid.
These youngsters are at a significant risk of social marginalization or exclusion. They will never be fully accepted into society for the most part.
In 1988, the government began seeking for answers to the epidemic, but efforts were hampered by a twelve-year civil war. Since the end of the conflict in 1992, El Salvador has undergone economic, political, and social rehabilitation. To fight HIV/AIDS once more, the government established the National Council of AIDS (CONASIDA) in 1993.
In 1999, the first HIV/AIDS strategy plan was adopted. The current national HIV/AIDS strategy advocates a cohesive approach that includes collaboration among non-governmental groups, donors, and international organizations.
Treatment is currently concentrated in the city and supplied almost entirely by third parties. With the help of the public, commercial, and civil sectors, the government hopes to decentralize these services.
Malnutrition affects many children in El Salvador, with 15.5 percent of primary school students impacted. The rate of malnutrition has also grown as food prices have skyrocketed and petrol prices have risen.
El Salvador has a population of how many million people?
According to our econometric models, the population of El Salvador is expected to trend at 6.51 million in 2021 and 6.54 million in 2022.
Is El Salvador a decent place to visit?
El Salvador is Central America’s tiniest country, but it’s also one of its most charming. El Salvador is rich in natural beauty, pristine beaches, innumerable volcanoes, many Maya ruins, and a fantastic culture and rich history, despite being less touristy than its neighbors.