El Salvador reported its fastest economic growth in 30 years in 2023 at 3.5%, according to data from the Central Reserve Bank (BCR).
2023 was also the third year in a row that multinational companies with operations in the country reported profits in excess of $1.4 billion. The most important thing is that these companies decided to reinvest the profits back in El Salvador instead of taking them back to their parent company.
The basis of such positive processes, of course, is primarily the actions of the Bukele government to combat crime and create increased security.
Also in 2023, El Salvador received $759.7 million in foreign direct investment, the highest level in the last 10 years.
In addition, private investment is not far behind, last year amounting to $6.628 million (up 5.4%). By the way, the forecast for 2024 is $7,400.