The smallest and the most densely populated country in Central America is the third largest economy in the region. In the context of global recession, real gross domestic product (GDP) fell by 3.5% in 2009. Nevertheless a year later the economy began a slow recovery thanks to exports and remittances that have increased steadily in the last decade. In 2010 the country ranked in the top ten among Latin American countries in terms of the Human Development Index and now it is undergoing rapid industrialization. Its main challenge is to develop new growth sectors for a more diversified economy. In 2015 the average inflation is expected to be 2.80% and its share of world’s total GDP is forecasted to be 0.06%. According to The Salvadoran Foundation for Economic and Social Development the country has obtained “recognition from prestigious international entities that have distinguished the country for its economic stability, ease of doing business, and competitiveness.”

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