Weekly Report - 28 March 2024 (WR-24-12)

The president of El Salvador’s central bank (BCR), Douglas Rodríguez, reported that El Salvador’s GDP grew by 3.5% in 2023, up from 2.8% in 2022, with growth of 3%-3.5% projected for this year. Pointing to other positive indicators, Rodríguez said that this is the third consecutive year that the economy has registered growth rates of above 2.1% on average. He cited as the main reason, the reduction in violence and crime due to the crackdown on gangs by the government led by Nayib Bukele.

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