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Ecuador

Headline economic indicators for Ecuador, with the most recent official readings.

Prices

Prices — Ecuador
Indicator Value Change
Inflation rate · 0.7% -0.84 (-54.1%)
Consumer price index · 134.0 +0.95 (+0.7%)
GDP deflator inflation · 1.5% -3.04 (-67.2%)

GDP

GDP — Ecuador
Indicator Value Change
GDP growth rate · 3.7% +5.67 (+291.7%)
GDP per capita · 7,125.28 +298.75 (+4.4%)
GDP per capita, long-run history · 10,124 +186.38 (+1.9%)
GDP · 130,320,560,400 +6,518,186,400 (+5.3%)
GDP, PPP · 306,477,458,294 +19,060,236,845 (+6.6%)
GDP per capita, PPP · 16,757 +908.31 (+5.7%)
GDP per capita growth · 2.9% +5.63 (+202.4%)
GNI per capita · 6,890 +490.00 (+7.7%)
Agriculture to GDP · 9.7% +0.47 (+5.1%)
Industry to GDP · 25.7% -1.01 (-3.8%)
Manufacturing to GDP · 13.2% +0.24 (+1.8%)
Services to GDP · 57.0% -0.09 (-0.2%)
Household consumption to GDP · 62.7% -0.83 (-1.3%)
Gross capital formation to GDP · 20.9% +1.43 (+7.3%)
Gross savings to GDP · 27.2% +2.06 (+8.2%)

Labour

Labour — Ecuador
Indicator Value Change
Unemployment rate · 3.3% -0.15 (-4.2%)
Labour force participation rate · 64.5% -0.04 (-0.1%)
Female labour force participation rate · 52.4% -0.01 (-0.0%)
Youth unemployment rate · 8.2% -0.41 (-4.8%)
Employment to population ratio · 62.4% +0.05 (+0.1%)
Employment in agriculture · 32.5% -0.11 (-0.3%)
Employment in industry · 16.6% -0.06 (-0.3%)
Employment in services · 50.9% +0.16 (+0.3%)

Money

Money — Ecuador
Indicator Value Change
Broad money to GDP · 62.1% +4.58 (+8.0%)
Private sector credit to GDP · 58.9% +2.30 (+4.1%)
Bank deposit rate · 5.3% -1.79 (-25.3%)
Stock market capitalization to GDP · 4.3% +1.60 (+60.3%)
Bank nonperforming loans · 4.5% -0.37 (-7.6%)
Official exchange rate · 1 +0.00 (+0.0%)

Trade

Trade — Ecuador
Indicator Value Change
Current account to GDP · 5.9% +0.12 (+2.2%)
Exports to GDP · 31.4% +0.94 (+3.1%)
Imports to GDP · 27.9% +0.97 (+3.6%)
Trade to GDP · 59.4% +1.91 (+3.3%)
Exports of goods and services · 40,970,936,400 +3,213,839,400 (+8.5%)
Imports of goods and services · 36,383,153,500 +3,023,654,500 (+9.1%)
Trade balance, goods and services (annual) · 4,195,354,580.02 -230,615,657 (-5.2%)
Current account balance (annual) · 7,632,013,954.1 +534,434,350 (+7.5%)
Foreign direct investment to GDP · 1.0% +0.66 (+177.6%)
Remittances received to GDP · 5.9% +0.65 (+12.2%)
Total reserves, including gold · 9,797,930,670.33 +2,890,186,716 (+41.8%)
Reserves in months of imports · 2.8 +0.64 (+29.2%)
External debt to GNI · 49.7% -2.36 (-4.5%)

Government

Government — Ecuador
Indicator Value Change
Government revenue to GDP · 31.0% +1.29 (+4.4%)
Government expense to GDP · 30.4% -1.49 (-4.7%)
Tax revenue to GDP · 13.1% +0.35 (+2.8%)
Government budget balance to GDP · -0.0% +2.90 (+99.8%)
Government consumption to GDP · 12.8% -0.57 (-4.3%)
Education spending to GDP · 3.7% -0.13 (-3.4%)
Health spending to GDP · 7.6% -0.04 (-0.5%)

Demography

Demography — Ecuador
Indicator Value Change
Population · 18,289,896 +154,418 (+0.9%)
Population, long-run history · 17,288 +195.22 (+1.1%)
Population growth · 0.8% -0.01 (-1.5%)
Life expectancy · 77.6 +0.19 (+0.2%)
Fertility rate · 1.81 -0.02 (-0.9%)
Birth rate · 14.8 -0.21 (-1.4%)
Death rate · 5.2 +0.08 (+1.5%)
Urban population share · 63.4% +0.15 (+0.2%)
Population aged 65 and over · 8.6% +0.25 (+3.0%)
Under-five mortality rate · 12.9 -0.10 (-0.8%)
Population density · 73.0 +0.63 (+0.9%)
Net migration · -17,219 +2,485 (+12.6%)
Gini index · 45.9 +0.70 (+1.5%)

Source: Bolt, J. and van Zanden, J.L. (2024), Maddison style estimates of the evolution of the world economy: A new 2023 update, Journal of Economic Surveys, 1-41, DOI 10.1111/joes.12618. Licensed under CC BY 4.0. The original sources are listed on each page.

All data sources

Original sources of these estimates

GDP pc: 2008 - 2022: Total Economy Database the Conference Board for all countries included in TED. Otherwise UN national accounts statistics

Ecuador

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Comparable readings from neighbouring economies.