Financial inclusion is a huge priority in El Salvador, and many new digital payment products and services are being developed. The country has a unique payments landscape, with the US Dollar as the national currency and the introduction of Bitcoin as a legal tender in 2021. While the latter is a positive step forward in terms of financial opportunities - for businesses and consumers, the long-term impact is not yet clear
Population
Banked Population:
Main industries
Tourism, Manufacturing, and Agriculture
Main imports
Refined Petroleum & Petroleum Gas, Broadcasting Equipment, Electric Generating Sets, and Packaged Medicaments
Main exports
Knit T-shirts & Sweaters, Electrical Capacitors, Raw Sugar, and Plastic Lids
$4,551.2
Per capita (USD)
10.3%
Growth annually
104
World ranking
Total volume of digital payments projected to reach
$5.84B (USD)
Cash