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El Salvador Real Estate

We offer El Salvador real estate investment information for San Salvador, San Vincente, San Miguel, Santa Ana and Sonsonate. Scroll down for more information about El Salvador.

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El Salvador Real Estate

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El Salvador
Central America

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About El Salvador

El Salvador Population: 6,587,541 (July 2004 est.)
Languages: Spanish, Nahua (among some Amerindians)
Capital: San Salvador
Government Type: Republic
Independence Day: 15 September 1821 (from Spain)
Legal System: Based on civil and Roman law, with traces of common law; judicial review of legislative acts in the Supreme Court; accepts compulsory ICJ jurisdiction, with reservations
Currency: US dollar (USD)

Executive Branch:

Chief of State: President Elias Antonio SACA (since 1 June 2004); Vice President Ana Vilma DE ESCOBAR (since 1 June 2004); note - the president is both the chief of state and head of government.

Head of Government: President Elias Antonio SACA (since 1 June 2004); Vice President Ana Vilma DE ESCOBAR (since 1 June 2004); note - the president is both the chief of state and head of government.

American Embassy: Calle 120 Avenida O, Pavas, San Jose
Mailing Address: APO AA 34020
Telephone: [506] 519-2000, 975-6411 FAX: [506] 519-2305

General Overview: El Salvador achieved independence from Spain in 1821 and from the Central American Federation in 1839. A 12-year civil war, which cost about 75,000 lives, was brought to a close in 1992 when the government and leftist rebels signed a treaty that provided for military and political reforms.

Economic Overview: With the adoption of the US dollar as its currency, El Salvador has lost control over monetary policy and must concentrate on maintaining a disciplined fiscal policy. GDP per capita is roughly only half that of Brazil, Argentina, and Chile, and the distribution of income is highly unequal. The trade deficit has been offset by annual remittances of almost $2 billion from Salvadorans living abroad and external aid. The government is striving to open new export markets, encourage foreign investment, modernize the tax and healthcare systems, and stimulate the sluggish economy.

International Disputes: In 1992, the ICJ ruled on the delimitation of "bolsones" (disputed areas) along the El Salvador-Honduras boundary, and the OAS is assisting with a technical resolution of undemarcated bolsones; in 2003, the ICJ rejected El Salvador's request to revise its decision on one part of the bolsones; the 1992 ICJ ruling advised a tripartite resolution to a maritime boundary in the Gulf of Fonseca with consideration of Honduran access to the Pacific; El Salvador continues to claim tiny Conejo Island, not mentioned by the ICJ, off Honduras in the Gulf de Fonseca.

El Salvador Map

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