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Economy of El Salvador vs Russia compared: GDP & Debt

Updated on by Georank team

El Salvador has a GDP of $35.4B compared to $2.17T for Russia, ranking 105/197 and 11/197 by economy size, respectively.

El Salvador has $30.9B in government debt (87.5% of GDP), compared to $440B (20.3% of GDP) in Russia.

El Salvador vs Russia GDP by year

El Salvador
Russia
1x
Year GDP, current $
El Salvador Russia
2024 $35,364,960,000 $2,173,835,806,672
2023 $33,853,940,000 $2,071,505,725,031
2022 $31,870,120,000 $2,291,612,121,335
2021 $29,043,140,000 $1,829,186,719,575
2020 $24,921,190,000 $1,493,075,894,362
2019 $26,881,140,000 $1,693,115,002,708
2018 $26,020,850,000 $1,657,328,773,461
2017 $24,979,190,000 $1,574,199,360,089
2016 $24,191,430,000 $1,276,786,350,881
2015 $23,438,240,000 $1,363,482,182,198
2014 $22,593,470,000 $2,059,241,589,895
2013 $21,990,960,000 $2,292,470,078,346
2012 $21,386,150,000 $2,208,293,553,878
2011 $20,283,780,000 $2,045,922,753,398
2010 $18,447,920,000 $1,524,916,715,224
2009 $17,601,620,000 $1,222,645,900,056
2008 $17,986,890,000 $1,660,848,058,303
2007 $17,011,750,000 $1,299,703,478,482
2006 $15,999,890,000 $989,932,071,353
2005 $14,698,000,000 $764,015,973,481
2004 $13,724,810,900 $591,016,690,732
2003 $13,243,892,200 $430,347,420,185
2002 $12,664,190,300 $345,470,494,418
2001 $12,282,533,600 $306,602,070,621
2000 $11,784,927,700 $259,710,142,197
1999 $11,284,197,000 $195,907,128,351
1998 $10,936,669,900 $270,955,486,862
1997 $10,221,705,900 $404,928,954,192
1996 $9,586,327,800 $391,724,890,744
1995 $8,921,947,100 $395,537,185,735
1994 $7,679,384,000 $395,077,301,248
1993 $6,680,269,200 $435,083,713,851
1992 $5,813,399,300 $460,290,556,901
1991 $5,252,342,400 $517,962,962,963
1990 $4,817,542,204 $517,014,446,228
1989 $4,372,215,300 $506,631,299,735
1988 $4,189,880,000 $554,828,660,436
1987 $3,958,045,800 -
1986 $3,771,663,200 -
1985 $3,800,368,600 -
1984 $3,661,683,400 -
1983 $3,506,347,800 -
1982 $3,399,189,100 -
1981 $3,437,200,200 -
1980 $3,573,959,900 -
1979 $3,463,639,900 -
1978 $3,127,960,000 -
1977 $2,941,640,100 -
1976 $2,328,280,100 -
1975 $1,884,120,100 -
1974 $1,665,880,000 -
1973 $1,442,320,000 -
1972 $1,263,720,000 -
1971 $1,186,120,000 -
1970 $1,132,920,000 -
1969 $1,049,400,000 -
1968 $1,009,760,100 -
1967 $976,200,000 -
1966 $929,520,000 -
1965 $877,720,000 -

Data sources: World Bank | Economy & Growth (1965–2024, retrieved 2026-04-06).

GeoRank.org/economy/el-salvador/russia | CC BY

GDP per capita in El Salvador vs Russia by year

El Salvador
GDP per capita

GDP per capita, PPP
Russia
GDP per capita

GDP per capita, PPP
1x
Year Current $
El Salvador Russia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $5,580 $13,264 $15,145 $47,405
2023 $5,365 $12,680 $14,403 $44,269
2022 $5,075 $11,876 $15,888 $40,939
2021 $4,643 $10,810 $12,637 $38,638
2020 $3,997 $9,393 $10,280 $31,491
2019 $4,320 $9,757 $11,640 $30,964
2018 $4,184 $9,204 $11,399 $28,629
2017 $4,020 $8,965 $10,835 $25,778
2016 $3,901 $8,456 $8,804 $24,012
2015 $3,790 $7,934 $9,427 $23,994
2014 $3,666 $7,504 $14,277 $25,688
2013 $3,582 $7,093 $15,941 $26,020
2012 $3,498 $6,708 $15,402 $24,274
2011 $3,331 $6,594 $14,305 $22,790
2010 $3,040 $6,248 $10,675 $20,490
2009 $2,910 $6,063 $8,563 $19,390
2008 $2,983 $6,175 $11,635 $20,164
2007 $2,831 $5,949 $9,101 $16,648
2006 $2,666 $5,695 $6,920 $14,912
2005 $2,447 $5,292 $5,323 $11,822
2004 $2,286 $4,998 $4,102 $10,227
2003 $2,208 $4,829 $2,975 $9,255
2002 $2,115 $4,672 $2,378 $8,037
2001 $2,058 $4,543 $2,100 $7,361
2000 $1,983 $4,422 $1,772 $6,825
1999 $1,908 $4,298 $1,331 $5,914
1998 $1,860 $4,171 $1,835 $5,465
1997 $1,749 $4,043 $2,738 $5,700
1996 $1,651 $3,880 $2,644 $5,518
1995 $1,548 $3,808 $2,666 $5,613
1994 $1,344 $3,591 $2,662 $5,734
1993 $1,180 $3,390 $2,931 $6,420
1992 $1,041 $3,171 $3,099 $6,862
1991 $956 $2,945 $3,490 $7,858
1990 $892 $2,856 $3,494 $8,028
1989 $825 - $3,430 -
1988 $806 - $3,778 -
1987 $777 - - -
1986 $755 - - -
1985 $776 - - -
1984 $763 - - -
1983 $745 - - -
1982 $735 - - -
1981 $752 - - -
1980 $787 - - -
1979 $773 - - -
1978 $712 - - -
1977 $684 - - -
1976 $553 - - -
1975 $457 - - -
1974 $413 - - -
1973 $366 - - -
1972 $329 - - -
1971 $316 - - -
1970 $309 - - -
1969 $293.4 - - -
1968 $290.1 - - -
1967 $288.4 - - -
1966 $282.4 - - -
1965 $274.3 - - -

Data sources: World Bank | Economy & Growth (1965–2024, retrieved 2026-04-06).

GeoRank.org/economy/el-salvador/russia | CC BY

El Salvador's GDP per capita is $5,580, ranking 116/197, compared to $15,145 in Russia, ranking 68/197. Adjusted for purchasing power (GDP per capita PPP), El Salvador ranks 120th at $13,264, while Russia ranks 50th at $47,405.

Economic indicators

El Salvador Russia
Gross domestic product
$35.4B
2024
$2.17T
2024
GDP rank
105/197
2024
11/197
2024
GDP growth
2.6%
2023-2024
4.34%
2023-2024
GDP per capita
$5,580
2024
$15,145
2024
GDP per capita rank
116/197
2024
68/197
2024
GDP per capita, PPP
$13,264
2024
$47,405
2024
GDP per capita PPP rank
120/197
2024
50/197
2024
Government debt
$30.9B
2024
$440B
2024
Debt-to-GDP ratio
87.5%
2024
20.3%
2024
Government debt per person
$4,883
2024
$3,067
2024
Government debt per person rank
81/185
2024
98/185
2024
Average annual personal income after taxes
$4,768
2026
$10,464
2026
Market capitalization of domestic companies n/a
$650B
2023
Number of millionaires n/a
426,000
2025
Number of billionaires n/a
140
2025
Income share by richest 10%
29.7%
2023
25.1%
2023
Income share by poorest 10%
1.9%
2023
3.1%
2023
Government expenditure, % of GDP
31.4%
2024
36.9%
2024
Consumer prices inflation
0.85%
2023-2024
8.4%
2023-2024
Central bank interest rate n/a
16%
2025
Unemployment rate
2.71%
2024
2.43%
2024
Population
6399793
141906741

Spending and national debt comparison by year

El Salvador
Spending

Debt
Russia
Spending

Debt
1x
Year % of GDP
El Salvador Russia
Government spending Government debt Government spending Government debt
2024 31.4% 87.5% 36.9% 20.3%
2023 30.5% 85.1% 35.7% 19.5%
2022 28.7% 83.7% 35.2% 18.5%
2021 31.1% 88% 34.9% 16.5%
2020 32.7% 95.4% 39.2% 19.2%
2019 27.8% 77.9% 33.8% 13.7%
2018 27.6% 77% 32.6% 13.6%
2017 28.1% 77.1% 34.8% 14.3%
2016 27.5% 75.2% 36.6% 14.8%
2015 27.1% 73.5% 35.3% 15.3%
2014 27.6% 71.8% 34.9% 15.1%
2013 28.5% 69.7% 34.7% 12.3%
2012 27.4% 70% 34% 11.2%
2011 25.3% 65.6% 33.3% 10.3%
2010 25.6% 66.8% 35.5% 10.1%
2009 26% 65.8% 38.6% 9.92%
2008 24.5% 54.2% 32% 7.45%
2007 22.8% 52.2% 31.9% 8.03%
2006 23.4% 52.6% 29% 9.8%
2005 22.4% 46.3% 29.5% 14.9%
2004 21.5% 46.8% 29.6% 20.8%
2003 22.6% 46% 32.6% 28.3%
2002 22.5% 43.8% 33.8% 37.6%
2001 21.7% 37.8% 31.5% 44.4%
2000 21% 29.6% 30.7% 55.9%
1999 19.7% 28% 34.3% 92.4%
1998 19.3% 25.7% 39.7% 135.2%
1997 18.6% 27.8% - 51.5%
1996 21% 28.5% - 51.9%
1995 18.6% 28% - 53.7%
1994 18.9% 30.5% - 63.5%
1993 18.5% 31.9% - 92.4%
1992 20.8% 36.4% - 116%
1991 18.5% 43.3% - -
1990 15.9% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1992–1996, retrieved 2026-02-20).

GeoRank.org/economy/el-salvador/russia | CC BY

In 2024, El Salvador's government spending was $11.1B, accounting for 31.4% of its GDP, while Russia spent $802B, or 36.9% of GDP.

Debt-to-GDP ratio is 87.5% in El Salvador and 20.3% in Russia, ranking 36/185 and 175/185, respectively.

Government deficit by year

Deficit/surplus
El Salvador

Russia
1x
Year Deficit/surplus, % of GDP
El Salvador Russia
2024 -4.55% -1.6%
2023 -4.69% -2.22%
2022 -2.68% -1.34%
2021 -5.53% 0.78%
2020 -8.18% -3.99%
2019 -3.07% 1.93%
2018 -2.71% 2.92%
2017 -2.53% -1.47%
2016 -3.1% -3.67%
2015 -3.63% -3.39%
2014 -4.02% -1.07%
2013 -4.46% -1.16%
2012 -3.81% 0.38%
2011 -4.47% 1.43%
2010 -4.97% -3.19%
2009 -6.65% -5.89%
2008 -3.8% 4.55%
2007 -2.32% 5.59%
2006 -3.42% 7.8%
2005 -3.47% 7.6%
2004 -2.76% 4.57%
2003 -4.23% 1.35%
2002 -5.5% 0.67%
2001 -4.95% 2.99%
2000 -3.45% 3.11%
1999 -3.08% -3.59%
1998 -2.94% -7.42%
1997 -1.97% -
1996 -2.7% -
1995 -0.18% -
1994 -0.94% -
1993 -1.42% -
1992 -4.29% -
1991 -2.3% -
1990 -0.61% -
1989 - -
1988 - -
1987 - -
1986 - -
1985 - -
1984 - -
1983 - -
1982 - -
1981 - -
1980 - -
1979 - -
1978 - -
1977 - -
1976 - -
1975 - -
1974 - -
1973 - -
1972 - -
1971 - -
1970 - -
1969 - -
1968 - -
1967 - -
1966 - -
1965 - -
1964 - -
1963 - -
1962 - -
1961 - -
1960 - -
1959 - -
1958 - -
1957 - -
1956 - -
1955 - -
1954 - -
1953 - -
1952 - -
1951 - -
1950 - -
1949 - -
1948 - -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - 0.15%
1939 - 0.12%
1938 - 0.16%
1937 - 0.12%
1936 - 0.1%
1935 - 0.07%
1934 - 0.25%
1933 - 0.58%
1932 - 0.06%
1931 - -1.12%
1930 - -1.62%
1929 - -0.4%
1928 - -0.4%
1927 - -
1926 - -
1925 - -
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - -
1912 - 0.69%
1911 - 1.26%
1910 - 1.52%
1909 - -0.15%
1908 - -0.83%
1907 - -0.86%
1906 - -3.19%
1905 - -7.72%
1904 - -5.13%
1903 - 1.04%
1902 - -1.57%
1901 - 0.14%
1900 - -0.36%
1899 - 0.66%
1898 - 0.03%
1897 - 0.34%
1896 - 1.3%
1895 - 0.7%
1894 - 1.43%
1893 - 0.63%
1892 - -1.16%
1891 - -0.97%
1890 - 0.01%
1889 - 1.34%
1888 - 0.88%
1887 - 0.14%
1886 - -0.84%
1885 - -0.75%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1885–1940, retrieved 2026-02-20).

GeoRank.org/economy/el-salvador/russia | CC BY

In 2024, El Salvador's government deficit, the difference between spending and revenue, was $1.61B, equivalent to 4.55% of GDP. This compares to Russia's deficit of $34.9B, or 1.6% of GDP.

Over the past 27 years, El Salvador recorded a fiscal deficit in 27 of those years, while Russia ran a deficit in 13 years. On average, El Salvador posted an annual deficit equal to 4.04% of GDP, compared to surplus of 0.21% of GDP for Russia.

Inflation comparison by year

Inflation
El Salvador

Russia
1x
Year Consumer prices inflation
El Salvador Russia
2024 0.85% 8.4%
2023 4.05% 5.9%
2022 7.2% 13.7%
2021 3.47% 6.7%
2020 -0.37% 3.4%
2019 0.08% 4.5%
2018 1.09% 2.9%
2017 1.01% 3.7%
2016 0.6% 7%
2015 -0.73% 15.5%
2014 1.14% 7.8%
2013 0.76% 6.8%
2012 1.73% 5.1%
2011 5.13% 8.4%
2010 1.18% 6.8%
2009 1.06% 11.6%
2008 6.71% 14.1%
2007 4.58% 9%
2006 4.04% 9.7%
2005 4.69% 12.7%
2004 4.45% 10.9%
2003 2.12% 13.7%
2002 1.87% 15.8%
2001 3.75% 21.5%
2000 2.27% 20.8%
1999 0.51% 85.7%
1998 2.55% 27.7%
1997 4.49% 14.8%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/el-salvador/russia | CC BY

Over the past 28 years, El Salvador has recorded an average annual inflation rate of 2.51%, compared with 13.4% in Russia. In 2024, inflation was 0.85% in El Salvador and 8.4% in Russia.

Top exports between countries

El Salvador
Export category Export value
Wood & paper products $114K
Textiles & consumer goods $43K
Raw agricultural goods $20K
Machinery & equipment $14K
Precious metals & jewellery $5K
Metals $3K
Miscellaneous $2K
Chemicals & pharma $1K
Russia
Export category Export value
Metals $66.9M
Raw materials & minerals $8.39M
Raw agricultural goods $8.01M
Business & finance services $8.01M
Wood & paper products $3.26M
Chemicals & pharma $85K
Processed food, beverages & tobacco $46K
Transport & tourism services $28K
IT & IP services $7K
Machinery & equipment $4K

Balance of trade

El Salvador Russia
Current account balance
-$633M
2024
$63.4B
2024
Current account balance ranking
110/190
2024
12/190
2024
Current account balance, % of GDP
-1.79%
2024
+2.91%
2024
Goods imports
$15.1B
2024
$302B
2024
Goods exports
$5.59B
2024
$434B
2024
Service imports
$3.26B
2024
$81.5B
2024
Service exports
$6B
2024
$43.1B
2024
Imports of goods and services, % of GDP
51.9%
2024
17.6%
2024
Exports of goods and services, % of GDP
32.8%
2024
21.9%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

El Salvador Russia
Economic freedom 57.7 50.3
Economic freedom ranking 114/197 161/197
Property rights 42.7 18.6
Government integrity 31.5 22.8
Judicial effectiveness 15.3 22.8
Tax burden 76.8 81.9
Government spending 72.7 61.3
Fiscal health 59.4 94.4
Business freedom 65.7 51.4
Labor freedom 51.6 59.1
Monetary freedom 70.6 61.8
Trade freedom 76.4 69.4
Investment freedom 70 30
Financial freedom 60 30

Economic freedom comparison by year

El Salvador
Russia
1x
Year Economic freedom index
El Salvador Russia
2026 57.7 50.3
2025 56.6 51.6
2024 54.4 52
2023 56 53.8
2022 59.6 56.1
2021 61 61.5
2020 61.6 61
2019 61.8 58.9
2018 63.2 58.2
2017 64.1 57.1
2016 65.1 50.6
2015 65.7 52.1
2014 66.2 51.9
2013 66.7 51.1
2012 68.7 50.5
2011 68.8 50.5
2010 69.9 50.3
2009 69.8 50.8
2008 68.5 49.8
2007 68.9 52.2
2006 69.6 52.4
2005 71.5 51.3
2004 71.2 52.8
2003 71.5 50.8
2002 73 48.7
2001 73 49.8
2000 76.3 51.8
1999 75.1 54.5
1998 70.2 52.8
1997 70.5 48.6
1996 70.1 51.6
1995 69.1 51.1

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/el-salvador/russia | CC BY

The Economic Freedom Index for El Salvador is 57.7, ranking 114/197, compared to 50.3 for Russia, ranking 161/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

El Salvador Russia
Services, % of GDP
61%
2024
57.5%
2024
Industry, % of GDP
22.4%
2024
30.7%
2024
Agriculture, forestry, and fishing, % of GDP
4.38%
2024
2.74%
2024
GNI, Atlas method
$32.5B
2024
$2.24T
2024
GNI per capita, PPP
$12,420
2024
$46,780
2024
Total reserves including gold
$3.7B
2024
$597B
2023
Total reserves ranking
110/177
2024
6/177
2023
Net foreign direct investment
-$636M
2024
$9.37B
2024
Net inflows of foreign direct investment
$924M
2024
-$9.35B
2024
Net outflows of foreign direct investment
$288M
2024
-$170M
2024
Servicing debt to the IMF, % of GNI
35%
2024
2.65%
2024
Poverty at national poverty lines
27.2%
2023
12.1%
2020
Gross capital formation, % of GDP
20.3%
2024
26.3%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/el-salvador/russia | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1965–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. International Monetary Fund (IMF) | Public Finances in Modern History (1885–1996, retrieved 2026-02-20)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2020–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.