| Population |
6,486,205 (June 2020 est.) |
| Gross Domestic Product (GDP) |
$27 billion (2020 est.) |
| GDP Per Capita |
$3,700 (2020 est.) |
| Inflation Rate |
0.06% (June 2020 est.) |
| Currency |
US Dollar |
| Exchange Rate |
1:1 (US Dollar is the official currency) |
| Language |
Spanish (official), Nahua (among some Amerindians) |
| Capital |
San Salvador |
| Population of Capital City |
3,839,076 (2020) |
| Time Zone |
UTC/GMT -6 hours |
| Seasons |
Rainy season (May to October); dry season (November to April); tropical on coast; temperate in uplands |
| International Dialing Code |
503 |
| Electricity |
115V, 60Hz |
| System of Government |
Republic |
| Name and Party Affiliation of Current Leader |
President Salvador Sanchez Ceren (Since June 2014) |
| Income Tax Rate for Residents |
Residents are only taxed on their Salvadorian-sourced income at progressive rates, from 10% to 30%. Non-residents are taxed via withholding at 20% or 25% on certain types of Salvadorian-sourced income. |
| Property Tax |
0.00% (Other fees include; 0.63% for registration, 3.00% for transfer, 0.15%-1.00% notary) |
| Capital Gains Tax |
Capital gains earned by non-residents from selling property in El Salvador are taxed at 10% |
| Inheritance Tax |
Inheritance is subject to income tax rates |
| Rental Income Tax |
Non-residents are charged 30% tax on net income derived from leasing properties. |
| Sales Tax |
13% |
| Restrictions on Foreign Ownership of Property |
No |
| Local Chamber of Commerce |
http://www.camarasal.com/ |
| American Chamber of Commerce |
http://www.amchamsal.com/ |
| Primary Exports |
offshore assembly exports, coffee,sugar, shrimp, textiles, chemicals, electricity |
| Residency and Visa Requirements |
To enter the country by air or sea, U.S. citizens must present a current U.S. passport and either a Salvadoran visa or a one-entry tourist card. The tourist card may be obtained from immigration officials for a ten-dollar fee upon arrival in country at an airport or seaport. |
| Residents or Retirees |
no |
| National Airline |
www.taca.com |
