chief of mission: Ambassador Rene Antonio LEON Rodriguez chancery: 1400 16th Street, Washington, DC 20036 telephone: [1] (202) 265-9671 FAX: [1] (202) 234-3763 consulate(s) general: Boston, Chicago, Dallas, Elizabeth (New Jersey), Houston, Las Vegas, Los Angeles, Miami, New York (2), Nogales (Arizona), Santa Ana (California), San Francisco, Washington (DC), Woodbridge (Virginia), Woodstock (Georgia)
Diplomatic representation from the US:
chief of mission: Ambassador Charles L. GLAZER embassy: Final Boulevard Santa Elena Sur, Antiguo Cuscatlan, La Libertad, San Salvador mailing address: Unit 3116, APO AA 34023; 3450 San Salvador Place, Washington, DC 20521-3450 telephone: [503] 2501-2999 FAX: [503] 2501-2150
Flag description:
three equal horizontal bands of blue (top), white, and blue with the national coat of arms centered in the white band; the coat of arms features a round emblem encircled by the words REPUBLICA DE EL SALVADOR EN LA AMERICA CENTRAL; similar to the flag of Nicaragua, which has a different coat of arms centered in the white band - it features a triangle encircled by the words REPUBLICA DE NICARAGUA on top and AMERICA CENTRAL on the bottom; also similar to the flag of Honduras, which has five blue stars arranged in an X pattern centered in the white band
Economy
El Salvador
Economy - overview:
The smallest country in Central America, El Salvador has the third largest economy, but growth has been modest in recent years. Robust growth in non-traditional exports have offset declines in the maquila exports, while remittances and external aid offset the trade deficit from high oil prices and strong import demand for consumer and intermediate goods. El Salvador leads the region in remittances per capita with inflows equivalent to nearly all export income. Implementation in 2006 of the Central America-Dominican Republic Free Trade Agreement (CAFTA), which El Salvador was the first to ratify, has strengthened an already positive export trend. With the adoption of the US dollar as its currency in 2001, El Salvador lost control over monetary policy and must concentrate on maintaining a disciplined fiscal policy. The current government has pursued economic diversification, with some success in promoting textile production, international port services, and tourism through tax incentives. It is committed to opening the economy to trade and investment, and has embarked on a wave of privatizations extending to telecom, electricity distribution, banking, and pension funds. In late 2006, the government and the Millennium Challenge Corporation signed a five-year, $461 million compact to stimulate economic growth and reduce poverty in the country's northern region through investments in education, public services, enterprise development, and transportation infrastructure.
GDP (purchasing power parity):
$41.63 billion (2007 est.)