23
El Salvador
2,669
2,700
2,555
2,321
2,716
Q4
2019
Q2 2020 Q4 2020 Q2 2021 Q4 2021
6.4% 6.4%
9.4%
7.0%
6.9%
Q4 2019 Q2 2020 Q4 2020 Q2 2021 Q4 2021
Q4 2021
Total Labor Force (000s)
2,918
Employed Workers (000s) 2,716
Unemployed Workers (000s) 201
Unemployment Rate 6.9%
68% - First Vaccine Dose
(December 2021)
Covid Update
Nonessential businesses
are beginning to reopen.
16%
30%
13%
0%
25%
50%
75%
Employer Tax Profit Tax VAT
El Salvador Regional Average
Other Cost Considerations - Tax
Indicative Wages (USD)
$426
$319
$2.24
$0
$5
$10
$0
$2,500
$5,000
Average Wage Manufacturing
Wage
Minimum Wage
El Salvador Regional Average
46%
47% 46%
47%
43%
30%
28%
29%
28%
28%
61%
60%
60%
61%
57%
0%
20%
40%
60%
80%
2016 2017 2018 2019 2020
15-24 years 65+ years Total
Labor Force Participation Rate by Selected Age Group
Working Population (in Thousands) Over Time
Unemployment Rate Over Time
Labor Force Statistics
ILOSTAT
Monthly Hourly
Key Sources:
https://wageindicator.org/
https://ilostat.ilo.org/
https://www.worldbank.org/
https://tradingeconomics.com/
https://home.kpmg/xx/en/home.html
https://taxsummaries.pwc.com/
https://www.bcr.gob.sv/bcrsite/categoria1039lang_en.html
