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27 November, 2020 El Salvador Global: 71 Availability: 75 Cost: 58 Regulation: 50 Productivity: 38 2020 Global TWI Ranking (out of 76) 2020 Regional TWI Ranking (out of 21) Region: 16 Availability: 20 Cost: 17 Regulation: 11 Productivity: 9 Remote Readiness 15 Remote Readiness 69 El Salvador has spent approximately $0.9 billion USD on Covid-19 measures – half of which was spent in the healthcare sector. The measures included: • Salary increases for Ministry of Health and other public sector areas impacted by Covid-19 • Stimulus payments were made to 75% of households and food baskets were distributed to affected families • Deferral and suspension of some taxes and utility payments • Additional tax relief for companies in the tourism sector https://www.imf.org/en/Topics/imf-and-Covid-19/Policy-Responses-to-COVID-19 Land and air borders are open. Arrivals must provide a negative test result. A face covering must be worn. Many businesses and services have reopened, but schools remain closed for face to face learning. 3.7% 4.5% 0% 20% El Salvador Regional Ave. % of GDP El Salvador Q4 2019* Q4 2020* % Change YOY Total Workforce 2.85M 2.82M -1.1% Unemployment Rate (%) 6.4% 9.4% 47% Unemployed Workers 183K 265K 45% Manpower 2020 Total Workforce Index Workforce Statistics Covid-19 Situation Covid-19 Government Spend as % of GDP Border Closures and Restrictions Additional Government Spending and Foregone Revenue to September 2020 Covid-19 Confirmed Cases and Deaths Reported to WHO (on a weekly basis) https://covid19.who.int/ https://www.imf.org/en/Topics/imf-and-covid19/Fiscal-Policies-Database-in- Response-to-COVID-19 Other Sources: https://data.worldbank.org/ https://ilostat.ilo.org/ https://home.kpmg/xx/en/home/insights/ https://www.gov.uk/foreign-travel-advice United States Embassy https://tradingeconomics.com/ *Reported figures at Q4 each year The 2020 figure for the unemployment rate is an estimate from the IMF