El Salvador
eBizguides El Salvador
A growing country
Le guiaré a lugares increíbles
The concept of eBizguides
eBizguides aims to provide on-the-ground information about the country economic performance, the main investment opportunities and acute business intelligence research about who are the leaders and influencers of the country and which are the top 100 companies. All you need to know about doing business in a country and in a unique publication that also includes a small tourism guide. eBizguides are the world's leading business intelligence guidebooks. Click to read more.
Sustainable economic growth
Economic growth has been revitalized in the last few years, reaching 4.7% in 2007, its highest level in the last 10 years. This growth came mainly from the agricultural and service sectors emphasizing communications, transportation and banking. The nominal GDP in 2008 reached USD$22,114 million and the real growth of the economy was 2.5%. From 1991 to this date, there has been a significant reduction of poverty, since in 2007 the indicator of the population living in extreme poverty diminished from 59.7% to 34.6%.
Healthy fiscal policy
Due to the healthy fiscal policy of the government, tributary revenue has increased and the fiscal deficit has been reduced. Regarding external debt, this has gone from 58% of the GDP to 48%. Consequently, we may say, that in the last 18 years the economy has experienced a real average growth of 3.9%, allowing a 3% expansion of the real GDP per capita and supposedly reaching US$3,610 per person, thus, placing itself as an economy of average growth according to the World Bank standards.
INVESTMENT
Ecuador El Salvador is one of the countries in Central American with more opportunities for economic investment. Direct foreign investment of the private sector is the growth engine of the country. The country’s specific focalization is centered on the agro-industry, manufacturing, capital markets and private infrastructure. Entrepreneurs who wish to establish business relationships with El Salvador must consider the following:
• Business breakfasts and lunches are common activities in the entrepreneur’s agenda. Work breakfasts usually start at 7:00 a.m. and luncheons and dinners tend to last 2 to 3 hours, so it is very important not to program a tight agenda around
these hours.
• It is necessary to make appointments in advance and it is expected to arrive within an acceptable margin of punctuality. Any unforeseen delays must be relayed to the other party as soon as possible.
• The use of business cards is important at the moment of attending a business meeting that begins with their exchange.
• It is customary for men and women to greet with a handshake; although, women often kiss each other and men on the cheek.
• It is convenient to bring samples of your products with you to facilitate the presentation of their features.
• Business breakfasts and lunches are common activities in the entrepreneur’s agenda. Work breakfasts usually start at 7:00 a.m. and luncheons and dinners tend to last 2 to 3 hours, so it is very important not to program a tight agenda around
these hours.
• It is necessary to make appointments in advance and it is expected to arrive within an acceptable margin of punctuality. Any unforeseen delays must be relayed to the other party as soon as possible.
• The use of business cards is important at the moment of attending a business meeting that begins with their exchange.
• It is customary for men and women to greet with a handshake; although, women often kiss each other and men on the cheek.
• It is convenient to bring samples of your products with you to facilitate the presentation of their features.
Partner Companies
El Salvador
The Republic of El Salvador is located in Central America. It obtained its independence from Spain in 1821. During the Pre-Colombian period the west area of the Lempa River was known, in the Nahuatl language, as “Cuscatlán” or “Place of jewels and necklaces”. El Salvador is located in the heart of Central America, and is 21,000 km2. It neighbors Guatemala and Honduras, and has 300 km of coast line on the Pacific Ocean. Currently enjoying political and economical stability because of the thrust given by the Free Trade Agreement with the United States and with Europe, El Salvador is poised to play a growing role as a logistic transportation hub for the Central America region.El Salvador is divided into 14 departments. Geographically, they are grouped in three zones. These are Western, Eastern and Central. Each department is subdivided into municipalities, which have autonomy in economical, technical and administrative matters.
