El Salvador Facts And Figures
Facts About El Salvador
| Population | 6,141,350 (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.) |
| 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 | 1,098,000 (2015) |
| 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 |