El Salvador

El Salvador

Region: LatAm & Caribbean

Classification of economies by geographic region is based on that of the United Nations Statistics Division.

Efficiency-Driven Economy

Classification of economies by economic development level is based on the phases set out by the World Economic Forum (WEF) in its Global Competitiveness Report. More info

Population: 6.4 million
GDP: $25.8 billion
GDP Per Capita: $4,040

El Salvador Reports

Report information
  • Year of publication: 2012
  • Category: National Reports
  • Language: Spanish
  • Upload date: 2015-03-27

  • El Salvador first GEM National Report shows entrepreneurship rates close to Latin American averages, but lower than average rates of opportunity entrepreneurs. ¬†Given the country's GDP per capita, higher rates of entrepreneurship would have been expected. This is explained by an unfavorable entrepreneurship environment, with low growth of demand and high crime rates, as well as the lack of promotion policies for new and small business. This translates into low expectations for entrepreneurs and high business termination rates, even if attitudes towards entrepreneurship are above regional averages.

  • URL: https://www.gemconsortium.org/report/48776
GEM El Salvador 2012 Report