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Get to Know About El Salvador
El Salvador is in Central America and considered the smallest and the most densely populated among the seven countries that make up Central America. Though it has a small landmass, it is predominantly an agricultural country that relies heavily on coffee exports. However, other sectors of the economy have been opening up in the recent past, with the service industry showing very bright prospects since the beginning of the 21st century. It is still one of the top industries to focus on if you have been thinking about doing business in El Salvador.
The country is just gearing up to its full economic potential owing to the setbacks that were necessitated by the wars taking place between the late 1970s and early 1990s. Following the UN-backed peace accord of 1992, the country started on a great recovery path – economically, socially and politically, only for it to be destabilized again by a hurricane in 1998 and a major earthquake in 2001. These led to a stunted economic growth, which opened a Pandora box for several other things that made it difficult for the country to make some serious economic gains.
However, all is not lost. The past decade has seen the country make major gains in the economy, including becoming one of the major exporters of coffee in the Central American region. The government has also introduced measures to ease doing businesses in El Salvador, to attract foreign investors to capitalize on the various opportunities in the country, including mining, agriculture, manufacturing, and energy production.