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Economy of El Salvador vs Slovakia compared: GDP & Debt

Updated on by Georank

El Salvador has a GDP of $36.7B compared to $155B for Slovakia, ranking 108/197 and 60/197 by economy size, respectively.

El Salvador has $32B in government debt (87.2% of GDP), compared to $95.3B (61.6% of GDP) in Slovakia.

El Salvador vs Slovakia GDP by year

El Salvador
Slovakia
1x
Year GDP, current $
El Salvador Slovakia
2025 $36,708,110,000 $154,530,066,507
2024 $34,879,730,000 $140,934,076,532
2023 $33,565,430,000 $133,578,518,424
2022 $31,870,110,000 $115,792,972,358
2021 $29,043,140,000 $120,511,265,913
2020 $24,921,190,000 $107,732,602,896
2019 $26,881,140,000 $105,843,498,304
2018 $26,020,850,000 $106,611,673,365
2017 $24,979,190,000 $95,978,130,735
2016 $24,191,430,000 $90,347,173,229
2015 $23,438,240,000 $89,178,548,717
2014 $22,593,470,000 $101,713,075,599
2013 $21,990,960,000 $99,134,277,850
2012 $21,386,150,000 $94,724,394,278
2011 $20,283,780,000 $99,705,104,723
2010 $18,447,920,000 $91,112,160,801
2009 $17,601,620,000 $89,342,984,698
2008 $17,986,890,000 $96,685,492,864
2007 $17,011,750,000 $77,019,443,089
2006 $15,999,890,000 $57,111,148,619
2005 $14,698,000,000 $48,823,790,951
2004 $13,724,810,900 $42,960,730,480
2003 $13,243,892,200 $33,761,723,946
2002 $12,664,190,300 $24,768,142,566
2001 $12,282,533,600 $21,377,597,035
2000 $11,784,927,700 $20,626,538,612
1999 $11,284,197,000 $20,813,421,086
1998 $10,936,669,900 $22,911,708,405
1997 $10,221,705,900 $22,026,728,498
1996 $9,586,327,800 $21,864,845,214
1995 $8,921,947,100 $20,306,095,054
1994 $7,679,384,000 $16,187,735,322
1993 $6,680,269,200 $13,991,963,247
1992 $5,813,399,300 $12,932,972,789
1991 $5,252,342,400 $11,952,983,608
1990 $4,817,542,204 $17,068,924,602
1989 $4,372,215,300 -
1988 $4,189,880,000 -
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 (1965–2025, retrieved 2026-07-08).

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

GDP per capita in El Salvador vs Slovakia by year

El Salvador
GDP per capita

GDP per capita, PPP
Slovakia
GDP per capita

GDP per capita, PPP
1x
Year Current $
El Salvador Slovakia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $5,767 - $28,544 -
2024 $5,503 $13,264 $25,993 $48,132
2023 $5,320 $12,680 $24,615 $45,974
2022 $5,075 $11,876 $21,318 $41,562
2021 $4,643 $10,810 $22,123 $38,346
2020 $3,997 $9,393 $19,735 $35,328
2019 $4,320 $9,757 $19,406 $33,986
2018 $4,184 $9,204 $19,573 $31,510
2017 $4,020 $8,965 $17,646 $30,246
2016 $3,901 $8,456 $16,636 $29,868
2015 $3,790 $7,934 $16,442 $30,148
2014 $3,666 $7,504 $18,771 $29,108
2013 $3,582 $7,093 $18,313 $28,075
2012 $3,498 $6,708 $17,517 $27,023
2011 $3,331 $6,594 $18,469 $26,202
2010 $3,040 $6,248 $16,899 $25,382
2009 $2,910 $6,063 $16,587 $23,077
2008 $2,983 $6,175 $17,974 $23,714
2007 $2,831 $5,949 $14,330 $21,232
2006 $2,666 $5,695 $10,629 $18,906
2005 $2,447 $5,292 $9,087 $16,570
2004 $2,286 $4,998 $7,997 $15,166
2003 $2,208 $4,829 $6,283 $14,088
2002 $2,115 $4,672 $4,606 $13,292
2001 $2,058 $4,543 $3,974 $12,367
2000 $1,983 $4,422 $3,828 $11,370
1999 $1,908 $4,298 $3,857 $10,726
1998 $1,860 $4,171 $4,250 $10,666
1997 $1,749 $4,043 $4,092 $10,137
1996 $1,651 $3,880 $4,069 $9,500
1995 $1,548 $3,808 $3,787 $8,812
1994 $1,344 $3,591 $3,028 $8,178
1993 $1,180 $3,390 $2,627 $7,569
1992 $1,041 $3,171 $2,438 $7,270
1991 $956 $2,945 $2,254 $7,623
1990 $892 $2,856 $3,221 $8,638
1989 $825 - - -
1988 $806 - - -
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 (1965–2025, retrieved 2026-07-08).

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

El Salvador's GDP per capita is $5,767, ranking 117/197, compared to $28,544 in Slovakia, ranking 46/197. Adjusted for purchasing power (GDP per capita PPP), El Salvador ranks 120th at $13,264, while Slovakia ranks 49th at $48,132.

Economic indicators

El Salvador Slovakia
Gross domestic product
$36.7B
2025
$155B
2025
GDP rank
108/197
2025
60/197
2025
GDP growth
3.91%
2024-2025
0.81%
2024-2025
GDP per capita
$5,767
2025
$28,544
2025
GDP per capita rank
117/197
2025
46/197
2025
GDP per capita, PPP
$13,264
2024
$48,132
2024
GDP per capita PPP rank
120/197
2024
49/197
2024
Government debt
$32B
2025
$95.3B
2025
Debt-to-GDP ratio
87.2%
2025
61.6%
2025
Government debt per person
$5,030
2025
$17,597
2025
Government debt per person rank
86/185
2025
36/185
2025
Average annual personal income after taxes
$5,010
2026
$17,518
2026
Market capitalization of domestic companies n/a
$5.38B
2014
Number of billionaires n/a
2
2026
Income share by richest 10%
29.7%
2023
18.8%
2023
Income share by poorest 10%
1.9%
2023
3.3%
2023
Government expenditure, % of GDP
30.2%
2025
48.7%
2025
Consumer prices inflation
0.26%
2024-2025
4%
2024-2025
Unemployment rate
2.71%
2024
5.4%
2025
Population
6404781
5376239

Spending and national debt comparison by year

El Salvador
Spending

Debt
Slovakia
Spending

Debt
1x
Year % of GDP
El Salvador Slovakia
Government spending Government debt Government spending Government debt
2025 30.2% 87.2% 48.7% 61.6%
2024 31.4% 87.4% 47.5% 59.7%
2023 30.5% 85% 48.2% 55.8%
2022 28.7% 83.7% 43.1% 57.8%
2021 31.1% 88% 44.8% 60.2%
2020 32.7% 95.4% 44.5% 58.4%
2019 27.8% 77.9% 40.6% 48%
2018 27.6% 77% 39.7% 49.3%
2017 28.1% 77.1% 39.8% 51.4%
2016 27.5% 75.2% 40.9% 52.1%
2015 27.1% 73.5% 44.1% 51.6%
2014 27.6% 71.8% 42% 53.4%
2013 28.5% 69.7% 41.1% 54.6%
2012 27.4% 70% 40% 51.7%
2011 25.3% 65.6% 40.8% 43.3%
2010 25.6% 66.8% 41% 40.7%
2009 26% 65.8% 43.2% 36.4%
2008 24.5% 54.2% 36.5% 28.6%
2007 22.8% 52.2% 35.9% 30.4%
2006 23.4% 52.6% 38.2% 31.5%
2005 22.4% 46.3% 39.1% 35%
2004 21.5% 46.8% 38.4% 42%
2003 22.6% 46% 40% 43.6%
2002 22.5% 43.8% 46% 45.6%
2001 21.7% 37.8% 46.2% 51.4%
2000 21% 29.6% 53.2% 50.6%
1999 19.7% 28% 48.4% 47.1%
1998 19.3% 25.7% 46.2% 33.9%
1997 18.6% 27.8% 48.6% 32.8%
1996 21% 28.5% 52.8% 30.3%
1995 18.6% 28% 47.8% 21.3%
1994 18.9% 30.5% - -
1993 18.5% 31.9% - -
1992 20.8% 36.4% - -
1991 18.5% 43.3% - -
1990 15.9% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, El Salvador's government spending was $11.1B, accounting for 30.2% of its GDP, while Slovakia spent $75.3B, or 48.7% of GDP.

Debt-to-GDP ratio is 87.2% in El Salvador and 61.6% in Slovakia, ranking 32/185 and 74/185, respectively.

Government deficit by year

Deficit/surplus
El Salvador

Slovakia
1x
Year Deficit/surplus, % of GDP
El Salvador Slovakia
2025 -2.82% -5.02%
2024 -4.55% -5.5%
2023 -4.69% -5.3%
2022 -2.68% -1.56%
2021 -5.53% -5.09%
2020 -8.14% -5.3%
2019 -3.07% -1.21%
2018 -2.71% -1.01%
2017 -2.53% -0.98%
2016 -3.1% -2.59%
2015 -3.63% -2.78%
2014 -4.02% -3.25%
2013 -4.46% -2.86%
2012 -3.81% -4.37%
2011 -4.47% -4.36%
2010 -4.97% -7.44%
2009 -6.65% -8.18%
2008 -3.8% -2.54%
2007 -2.32% -2.26%
2006 -3.42% -3.57%
2005 -3.47% -2.86%
2004 -2.76% -2.36%
2003 -4.23% -2.28%
2002 -5.5% -8.35%
2001 -4.95% -7.74%
2000 -3.45% -12.7%
1999 -3.08% -7.25%
1998 -2.94% -5.37%
1997 -1.97% -6.24%
1996 -2.7% -9.72%
1995 -0.18% -3.43%
1994 -0.94% -
1993 -1.42% -
1992 -4.29% -
1991 -2.3% -
1990 -0.61% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, El Salvador's government deficit, the difference between spending and revenue, was $1.03B, equivalent to 2.82% of GDP. This compares to Slovakia's deficit of $7.75B, or 5.02% of GDP.

Over the past 31 years, El Salvador recorded a fiscal deficit in 31 of those years, while Slovakia ran a deficit in 31 years. On average, El Salvador posted an annual deficit equal to 3.76% of GDP, compared to deficit of 4.63% of GDP for Slovakia.

Inflation comparison by year

Inflation
El Salvador

Slovakia
1x
Year Consumer prices inflation
El Salvador Slovakia
2025 0.26% 4%
2024 0.85% 2.76%
2023 4.05% 10.5%
2022 7.2% 12.8%
2021 3.47% 3.15%
2020 -0.37% 1.94%
2019 0.08% 2.66%
2018 1.09% 2.51%
2017 1.01% 1.31%
2016 0.6% -0.52%
2015 -0.73% -0.33%
2014 1.14% -0.08%
2013 0.76% 1.4%
2012 1.73% 3.61%
2011 5.13% 3.92%
2010 1.18% 0.96%
2009 1.06% 1.62%
2008 6.71% 4.6%
2007 4.58% 2.76%
2006 4.04% 4.48%
2005 4.69% 2.71%
2004 4.45% 7.55%
2003 2.12% 8.55%
2002 1.87% 3.13%
2001 3.75% 7.33%
2000 2.27% 12%
1999 0.51% 10.6%
1998 2.55% 6.67%
1997 4.49% 6.14%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, El Salvador has recorded an average annual inflation rate of 2.43%, compared with 4.44% in Slovakia. In 2025, inflation was 0.26% in El Salvador and 4% in Slovakia.

Top exports between countries

El Salvador
Export category Export value
Processed food, beverages & tobacco $65K
Textiles & consumer goods $65K
Machinery & equipment $27K
Weapons & explosives $1K
Slovakia
Export category Export value
Machinery & equipment $958K
Textiles & consumer goods $345K
Raw materials & minerals $79K
Wood & paper products $65K
Chemicals & pharma $11K
Miscellaneous $8K
Metals $5K
Processed food, beverages & tobacco $2K

Balance of trade

El Salvador Slovakia
Current account balance
-$1.3B
2025
-$5.6B
2025
Current account balance ranking
125/190
2025
165/190
2025
Current account balance, % of GDP
-3.54%
2025
-3.63%
2025
Goods imports
$16.7B
2025
$117B
2025
Goods exports
$5.55B
2025
$117B
2025
Service imports
$3.94B
2025
$14.3B
2025
Service exports
$6.21B
2025
$14.7B
2025
Imports of goods and services, % of GDP
56.1%
2025
85.2%
2025
Exports of goods and services, % of GDP
32%
2025
85.1%
2025

Economic freedom indices

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

El Salvador Slovakia
Economic freedom 57.7 67.7
Economic freedom ranking 114/197 54/197
Property rights 42.7 82.6
Government integrity 31.5 57.2
Judicial effectiveness 15.3 70.5
Tax burden 76.8 75.4
Government spending 72.7 36.4
Fiscal health 59.4 69.6
Business freedom 65.7 71.1
Labor freedom 51.6 55.1
Monetary freedom 70.6 69.7
Trade freedom 76.4 79.4
Investment freedom 70 75
Financial freedom 60 70

Economic freedom comparison by year

El Salvador
Slovakia
1x
Year Economic freedom index
El Salvador Slovakia
2026 57.7 67.7
2025 56.6 68.4
2024 54.4 68.1
2023 56 69
2022 59.6 69.7
2021 61 66.3
2020 61.6 66.8
2019 61.8 65
2018 63.2 65.3
2017 64.1 65.7
2016 65.1 66.6
2015 65.7 67.2
2014 66.2 66.4
2013 66.7 68.7
2012 68.7 67
2011 68.8 69.5
2010 69.9 69.7
2009 69.8 69.4
2008 68.5 70
2007 68.9 69.6
2006 69.6 69.8
2005 71.5 66.8
2004 71.2 64.6
2003 71.5 59
2002 73 59.8
2001 73 58.5
2000 76.3 53.8
1999 75.1 54.2
1998 70.2 57.5
1997 70.5 55.5
1996 70.1 57.6
1995 69.1 60.4

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for El Salvador is 57.7, ranking 114/197, compared to 67.7 for Slovakia, ranking 54/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

El Salvador Slovakia
Services, % of GDP
58.9%
2025
59.8%
2025
Industry, % of GDP
24.5%
2025
28.1%
2025
Agriculture, forestry, and fishing, % of GDP
4.4%
2025
1.59%
2025
GNI, Atlas method
$34.4B
2025
$143B
2025
GNI per capita, PPP
$13,140
2025
$47,920
2025
Total reserves including gold
$4.82B
2025
$18.2B
2025
Total reserves ranking
107/177
2025
69/177
2025
Net foreign direct investment
-$445M
2025
-$198M
2025
Net inflows of foreign direct investment
$1.05B
2024
$5.01B
2024
Net outflows of foreign direct investment
$310M
2024
$2.24B
2024
Servicing debt to the IMF, % of GNI
35.5%
2024
n/a
Poverty at national poverty lines
27.2%
2023
13.7%
2021
Gross capital formation, % of GDP
26.3%
2025
20.1%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1965–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2021–2025, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)

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.