A US-dependent recovery

C2

MEDIUM RISK for entreprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

The country risk assessments are your North Star metrics to make the right decision for your business and understand the risks in international trade. We have always the best solution for your needs

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GDP USD 23.8bn (World ranking 106, World Bank 2020)
Population 9.9mn (World ranking 91, World Bank 2020)
Form of state Presidential republic
Head of government Xiomara Castro (left-wing), since 2021
Next elections 2025, Presidential and legislative (4-year term)
  • Sound financial sector
  • Free trade agreement with the US and Canada
  • IMF support and successful policy implementation, such as the reduction of external debt
  • High current account deficit
  • High dependence on the US economy
  • Increasing dollarization of loans
  • Weak business environment, rule of law and high level of corruption
  • One of the poorest countries in the region
  • High criminality

Trade structure by destination/origin

(% of total, 2020)

Exports Rank Imports
United States 48.7%
1
43.0% United States
El Salvador 8.1%
2
11.0% China
Guatemala 4.8%
3
7.4% Guatemala
Germany 4.8%
4
7.0% Mexico
Mexico 4.4%
5
6.6% El Salvador

Trade structure by product

(% of total, 2020)

Exports Rank Imports
Articles of apparel & clothing accessories 29.7%
1
11.0% Textile yarn and related products
Coffee, tea, cocoa, spices, and manufactures thereof 15.0%
2
10.7% Petroleum, petroleum products and related materials
Vegetables and fruits 10.1%
3
5.8% Road vehicles
Electrical machinery, apparatus and appliances, n.e.s. 7.7%
4
5.4% Electrical machinery, apparatus and appliances, n.e.s.
Fixed vegetable oils and fats, crude, refined or fractionated 5.0%
5
4.9% Cereals and cereal preparations
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