Last year Ana C. wrote a post where he presented the forecast for 2008 from a bank that I like mucho.Saxo Bank is a Danish investment stool, nice, modern, with offices in several countries of the globe and that some of you may know it as one of sponsors a cycling team (CSC) which runs, among other races, the Tour de France.A kids love to play this bank to proactive prevention and some things that seem extreme and others less so. Last year, between the extreme things that provision, was that a barrel of oil would reach 175. Main article: Economy of El Salvador
Historical comparison of per capita GDP of El Salvador with other neighboring countries based on World Population, GDP and Per Capita GDP, 1-2003 AD.
The Salvadoran economy has experienced mixed results during the government of the ARENA party in the free market initiatives and model of fiscal management that include the privatization of the banking system, telecommunications, public pensions, electrical distribution, and a of electrical generation, reduction of tariffs, elimination of price controls and subsidies, and better implementation of intellectual property rights. The GDP has been growing at a steady but modest step after the signing of the Peace Accords in 1992, in an environment of macroeconomic stability. One problem facing El Salvador is economic inequality in the distribution of personal gain. In 1999 the richest fifth of the population received 45 of the country’s income while the poorest fifth received only 5.6 .
Workers carry sacks of coffee in the department of Ahuachapan.
Put fruit in a market in El Salvador.
Since December 1999, net international reserves equaled the 1.8 billion dollars. With this buffer of the hard currency to work, the Government of El Salvador undertook a monetary integration plan beginning January 1 of 2001, by which the U.S. Dollar became legal tender alongside the colon salvadadoreno, and all formal accounting was undertaken in dollars. In this way, the government has formally limited its possibility to put monetary policy on the market to influence short term variables in the economy. Since 2001, the left colon to move and now it is not used to doing without However some stores still inform the public of prices in both colones and in dollars. In general, the population support the change of the colon to the dollar, while wages remain the same despite the increased price of everything else. For example, in some valuable time 5 colones (or the equivalent of 0.57 dollars), now costs 1. The change to the dollar also precipitated a trend of lower interest in El Salvador, helping many to secure credit to buy a house or a car. Some economists feel that the price increases also have happened because of inflation without the exchange rate have occurred. The political left, have been very critical of the dollarization process to consider the interest of companies in the financial sector.
GDP of El Salvador 2005 classified by sector
Due to civil war and stagnation of the national 80 years, GDP has surpassed even the levels of the late 70’s in terms of purchasing power parity. Currently, the economy is more oriented toward manufacturing and services, rather than agriculture (coffee). Its main industries are food and beverages, petroleum products, snuff, chemicals, textiles and furniture.
There are currently fifteen free trade zones in El Salvador. The biggest beneficiary has been the maquila textile industry, which provides 88,700 jobs directly, and consists in cutting the clothes that assembled for export to the United States.
El Salvador was the first country to sign and implement the Free Trade Agreement between United States, Central America and Dominican Republic (CAFTA), as well as free trade agreements with Mexico, Chile, the Dominican Republic and Panama, and has increased its exports these countries. El Salvador, Guatemala, Honduras and Nicaragua also are negotiating a free trade agreement with Canada. He has completed negotiations on a Free Trade Agreement with Colombia and Taiwan. In 2007 began a process of negotiation with the European Union, to achieve a partnership agreement.
Fiscal policy has been the biggest challenge for the government of El Salvador. The Peace Accords of 1992 committed the government to cover the cost of the transition programs and social services. Although international aid was generous and charitable, the government has focused on improving the collection of revenue. With more than $700 million in revenues understands US and international financial markets. A tax of 10 value-added tax (VAT), implemented in September of 1992, was increased to 13 in July 1995. VAT is the biggest revenue source, accounting for about 52.3 of total tax revenue in 2004.
The neoliberal model implemented has been successful at the macro level but that, in the opinion of many is not fully reflected in improved living standards for the Salvadorans.

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