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El Salvador Facts And Figures

Facts About El Salvador

Information TypeEl Salvador Data
Population6,141,350 (July 2015 est.)
Gross Domestic  Product (GDP)$52.95 billion (2015 est.)
GDP Per Capita$8,300 (2015 est.)
Inflation Rate-0.88% (Oct 2016 est.)
CurrencyUS Dollar
Exchange Rate1:1 (US Dollar is the official currency)
LanguageSpanish (official), Nahua (among some Amerindians)
CapitalSan Salvador
Population of Capital City1,098,000 (2015)
Time ZoneUTC/GMT -6 hours
Seasons Rainy season (May to October); dry season (November to April); tropical on coast; temperate in uplands
International Dialing Code503
Electricity115V, 60Hz
System of GovernmentRepublic
Name and Party Affiliation of Current LeaderPresident Salvador Sanchez Ceren (Since June 2014)
Income Tax Rate for ResidentsResidents 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 Tax0.00% (Other fees include; 0.63% for registration, 3.00% for transfer, 0.15%-1.00% notary)
Capital Gains TaxCapital 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 TaxNon-residents are charged 30% tax on net income derived from leasing properties.
Sales Tax13%
Restrictions on Foreign Ownership of Property No
Local Chamber of Commercehttp://www.camarasal.com/
American Chamber of Commercehttp://www.amchamsal.com/
Primary Exportsoffshore assembly exports, coffee,sugar, shrimp, textiles, chemicals, electricity
Residency and Visa RequirementsTo 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 Retireesno
National Airlinewww.taca.com

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