Foreign trade in services as a share of GDP rose 24.1% to 18.3% in El Salvador in 2021, according to the National Statistical Office.
Historically, foreign trade in services as a share of GDP in El Salvador reached an all time high of 19.8% in 2019 and an all time low of 10.9% in 1995. When compared to El Salvador's main peers, foreign trade in services as a share of GDP in Costa Rica amounted to 21.1%, 8.13% in Guatemala, 18.6% in Honduras and 13.5% in Nicaragua in 2021.
El Salvador has been ranked 63rd within the group of 139 countries we follow in terms of foreign trade in services as a share of GDP, 33 places above the position seen 10 years ago.
Foreign Trade In Services (As % of GDP) | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
Belize | % | 32.4% | 32.8% | 35.6% | 37.1% | 37.7% | ||||||||||||||||
Costa Rica | % | 19.1% | 20.3% | 20.5% | 22.4% | 24.1% | ||||||||||||||||
El Salvador | % | 17.0% | 17.7% | 17.5% | 18.4% | 19.8% | ||||||||||||||||
Guatemala | % | 10.3% | 10.0% | 9.64% | 9.88% | 9.49% | ||||||||||||||||
Honduras | % | 22.0% | 20.9% | 20.8% | 21.4% | 21.5% | ||||||||||||||||
Mexico | % | 4.74% | 5.31% | 5.58% | 5.64% | 5.62% | ||||||||||||||||
Nicaragua | % | 17.9% | 18.0% | 18.8% | 17.8% | 17.7% | ||||||||||||||||
Panama | % | 30.9% | 29.5% | 28.9% | 28.9% | 28.8% | ||||||||||||||||
USA | % | 6.96% | 6.94% | 7.12% | 6.97% | 6.94% |