Economy of Ecuador. Statistics, Data and Indicators
Ecuador
| 29B- | Credit rank #95 |
| N/A | Quality of life # |
| 101 | Corruption rank#105 |
| 129 | Ease of doing business#111 |
Ecuador Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 106 USD Billion | 2021 |
| GDP Annual Growth Rate | 3.2 % | 3Q/22 |
| GDP Growth Rate | 1.67 % | 3Q/22 |
| GDP per capita | 5492 USD | 2021 |
| Inflation Rate YoY | 2.9 % | Feb/23 |
| Interest Rate | 8.96 % | Mar/23 |
| Unemployment Rate | 3.2 % | 4Q/22 |
| Wages | 467 USD/Month | 2021 |
| Balance of Trade | -139697 USD Thousand | -0.14 B USD | Jan/23 |
| Current Account | 155 USD Million | 0.155 B USD | 3Q/22 |
| Foreign Exchange Reserves | 7887 USD Million | 7.887 B USD | Feb/23 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 106 USD Billion | 2021 |
| GDP Annual Growth Rate | 3.2 % | 3Q/22 |
| GDP Growth Rate | 1.67 % | 3Q/22 |
| GDP per capita | 5492 USD | 2021 |
| GDP Constant Prices | 18251544 USD Thousand | 18.252 B USD | 4Q/22 |
| GDP per capita PPP | 10669 USD | 2021 |
| GDP From Agriculture | 1320537 USD Thousand | 1.321 B USD | 3Q/22 |
| GDP From Construction | 1100247 USD Thousand | 1.1 B USD | 3Q/22 |
| GDP From Manufacturing | 2064035 USD Thousand | 2.064 B USD | 3Q/22 |
| GDP From Mining | 1558665 USD Thousand | 1.559 B USD | 3Q/22 |
| GDP From Public Administration | 1159882 USD Thousand | 1.16 B USD | 3Q/22 |
| GDP From Services | 1149941 USD Thousand | 1.15 B USD | 3Q/22 |
| GDP From Transport | 1343490 USD Thousand | 1.343 B USD | 3Q/22 |
| GDP From Utilities | 577260 USD Thousand | 0.577 B USD | 3Q/22 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 59 % | 2021 |
| Government Budget Value | 427 USD Million | 0.427 USD Billion | Jan/23 |
| Government Spending | 2854760 USD Thousand | 2.855 USD Billion | 4Q/22 |
| Government Revenues | 1534 USD Million | 1.534 USD Billion | Jan/23 |
| Fiscal Expenditure | 1107 USD Million | 1.107 B USD | Jan/23 |
| Government Budget to GDP | -8.9 % | 2020 |
| Military Expenditure | 2417 USD Million | 2.417 B USD | 2021 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 110 index points | Feb/23 |
| Food Inflation | 5.23 % | Feb/23 |
| Inflation Rate YoY | 2.9 % | Feb/23 |
| Producer Prices | 112 index points | Feb/23 |
| Inflation Rate Mom | 0.02 % | Feb/23 |
| CPI Housing Utilities | 119 Index Points | Feb/23 |
| CPI Transportation | 119 Index Points | Feb/23 |
| Producer Prices Change | 2.45 % | Feb/23 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | 2.9 % | 2021 |
| Balance of Trade | -139697 USD Thousand | -0.14 USD Billion | Jan/23 |
| Capital Flows | 280 USD Million | 0.28 USD Billion | 4Q/22 |
| Current Account | 155 USD Million | 0.155 USD Billion | 3Q/22 |
| Exports | 2337719 USD Thousand | 2.338 USD Billion | Jan/23 |
| Foreign Exchange Reserves | 7887 USD Million | 7.887 USD Billion | Feb/23 |
| Imports | 2477416 USD Thousand | 2.477 USD Billion | Jan/23 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Gold Reserves | 33.78 Tonnes | 4Q/22 |
| Interbank Rate | 4.5 % | Mar/23 |
| Interest Rate | 8.96 % | Mar/23 |
| Loans to Private Sector | 21965 USD Million | 21.965 USD Billion | Dec/22 |
| Money Supply M1 | 29945 USD Million | 29.945 USD Billion | Feb/23 |
| Money Supply M2 | 75331 USD Million | 75.331 USD Billion | Feb/23 |
| Deposit Interest Rate | 4.16 % | 2022 |
| Foreign Direct Investment | 51.3 USD Million | 0.051 B USD | 3Q/22 |
| Private Sector Credit | 39480 USD Million | 39.48 B USD | Jan/23 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Minimum Wages | 450 USD/Month | 2023 |
| Unemployment Rate | 3.2 % | 4Q/22 |
| Wages | 467 USD/Month | 2021 |
| Employment Rate | 42.9 % | 4Q/22 |
| Labor Force Participation Rate | 65.7 % | 4Q/22 |
| Wages in Manufacturing | 450 USD/Month | 4Q/19 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 25 % | 2022 |
| Personal Income Tax Rate | 37 % | 2022 |
| Sales Tax Rate | 12 % | 2022 |
| Social Security Rate | 21.6 % | 2022 |
| Social Security Rate For Companies | 12.15 % | 2022 |
| Social Security Rate For Employees | 9.45 % | 2022 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Crude Oil Production | 489 BBL/D/1K | Nov/22 |
| Industrial Production | -3.73 % | Feb/16 |
| Steel Production | 50 Thousand Tonnes | Dec/20 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Business Confidence | 1694 index points | Dec/22 |
| Corruption Index | 36 index points | 2022 |
| Corruption Rank | 101 place | 2022 |
| Ease of Doing Business | 129 place | 2019 |
| Manufacturing Production | 30.32 % | Sep/20 |
| Competitiveness Index | 55.74 Index Points | 2019 |
| Competitiveness Rank | 90 | 2019 |
| Leading Economic Index | -0.2 % | Dec/22 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Confidence | 36.5 index points | Jan/23 |
| Consumer Credit | 37082 USD Million | 37.082 USD Billion | Dec/22 |
| Consumer Spending | 12088668 USD Thousand | 12.089 USD Billion | 4Q/22 |
