The
civil war (which finished in 1992), the drynesses and floods
and the passage of the Mitch hurricane in 1997 caused serious
injuries with the agricultural economics and of breeding of
El Salvador. From the agreements of peace, the economy profited
from a substantial growth between 5 and 6%. In 1997, inflation
was 1,9% and the year according to it was maintained to 2,5%
with an economic growth of 4%. The economic improvement was
basically based on the export of nontraditional products and
on the foreign investments in the sectors privatized by the
government like telecommunications and the energy sectors.
The principal incomes come from the export of the coffee.
The principal agricultural produce produced by the country
is cotton, the cane with sugar, the corn, the beans, rice
and recently the gray shrimps and honey. Manufacturing industry
is most important of the Central America with the production
of shoes, textiles, articles leather and pharmaceutical products.
The energy requirements are met by the production for hydroelectricity
and with the oil importation. In the sector of the services,
El Salvador tries to recover tourism which disappeared because
of the civil war. Despite everything, one of the principal
entries of currencies in the country comes from the Salvadorians
who work in the United States and which sends their economies
to El Salvador. The country is member of the Common Market
of Central America and strongly depends on the assistance
of the United States and the loans of the International Monetary
International Monetary Fund. They were conceded in exchange
of the application of the economic policy of reorganization
based on the decentralization and the liberalization of the
market. The United States is the principal followed trade
partner of Guatemala, of Spain, of Germany and Japan.
