El Salvador's national debt reached 25.55 billion U.S. dollars in 2021, marking the most recent figure available from the provided data. This figure reflects the total outstanding financial obligations of the Central American nation.
Understanding El Salvador's National Debt
The national debt represents the total amount of money that the government of El Salvador owes to its creditors, which can include domestic and foreign lenders, as well as international financial institutions. Over recent years, El Salvador's debt has shown an increasing trend.
Key Trends in National Debt:
- Consistent Growth: From 2018 to 2021, El Salvador's national debt has consistently risen year over year, indicating an expanding fiscal burden.
- Significant Increase: The debt increased from approximately 20.03 billion U.S. dollars in 2018 to 25.55 billion U.S. dollars by 2021.
Below is a breakdown of El Salvador's national debt figures for select recent years:
National Debt of El Salvador (2018-2021)
| Year | National Debt (in billion U.S. dollars) |
|---|---|
| 2021 | 25.55 |
| 2020 | 23.77 |
| 2019 | 20.94 |
| 2018 | 20.03 |
The continuous rise in national debt underscores the financial challenges and economic considerations facing El Salvador in managing its fiscal responsibilities.
