El Salvador Economy & Business has prospered due to the rise in textile, jute and leather industries.
El Salvador economy business has been growing in leaps and bounds due to the good diplomatic relations with other Latin American countries and the countries of Asia and Africa. El Salvador has an open market economy. It is rated to be the 29th country, which has an average of about 70.3 % free economic transactions carried out by the exchange markets of El Salvador. The yearly GDP growth of the country is almost 2.8 % since the year 2005. The capital income per person varies from one region to other within the country of El Salvador but the average capital income of each person can be estimated to be about $5,100. El Salvador is an agricultural country and its main crops are sugar, coffee, sorghum and corn. El Salvador economy & business is partly controlled by the government of El Salvador, but the actual liberty lies in the hand of the general people of El Salvador.
BUSINESS IN EL SALVADOR
The total agricultural land in El Salvador is almost 68% and large expanse of land is left unfertilized. The vast stretches of unfertilized land is a major real estate resource. Trade and commercial activities have increased manifold, which is enabling the economy of El Salvador to prosper. Even the labor market has flexible rules and employment of fresh laborers have enhanced the growth prospect of this market. Thus economy and business of El Salvador is experiencing a high rise and the local people are able to reap the benefits of it.