TThe president of the Central Reserve Bank (BCR), Douglas Rodríguez, announced that El Salvador experienced economic growth of 2.6% in the first quarter of this year. This increase is mainly attributed to the security measures implemented by President Nayib Bukele, which have significantly improved the climate for growth and tourism.
Rodríguez stressed that, in addition to security, other factors have contributed to economic growth, such as the organization of international sporting events, the increase in private investments and the growth of both domestic and foreign tourism during Holy Week. “74% of economic activities showed growth in this period,” he stressed.
Among the 14 economic activities with growth are entertainment services, government services, transportation, financial and insurance services, hotels and restaurants, electricity and trade. Compared with the same period last year, when growth was 1.8%, the country has shown significant improvement.
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