Economy of Ecuador. Statistics, Data and Indicators
Ecuador
| 29B- | Credit rank #95 |
| N/A | Quality of life # |
| 105 | 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 | 4.9 % | 4Q/21 |
| GDP Growth Rate | 0.41 % | 1Q/22 |
| GDP per capita | 5316 USD | 2020 |
| Inflation Rate YoY | 4.23 % | Jun/22 |
| Interest Rate | 7.11 % | May/22 |
| Unemployment Rate | 6.6 % | 3Q/21 |
| Wages | 467 USD/Month | 2020 |
| Balance of Trade | 184845 USD Thousand | 0.185 B USD | Apr/22 |
| Current Account | 808 USD Million | 0.808 B USD | 1Q/22 |
| Foreign Exchange Reserves | 8184 USD Million | 8.184 B USD | May/22 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 106 USD Billion | 2021 |
| GDP Annual Growth Rate | 4.9 % | 4Q/21 |
| GDP Growth Rate | 0.41 % | 1Q/22 |
| GDP per capita | 5316 USD | 2020 |
| GDP Constant Prices | 17564316 USD Thousand | 17.564 B USD | 1Q/22 |
| GDP per capita PPP | 11661 USD | 2021 |
| GDP From Agriculture | 1365128 USD Thousand | 1.365 B USD | 1Q/22 |
| GDP From Construction | 1100307 USD Thousand | 1.1 B USD | 1Q/22 |
| GDP From Manufacturing | 2031436 USD Thousand | 2.031 B USD | 1Q/22 |
| GDP From Mining | 1508791 USD Thousand | 1.509 B USD | 1Q/22 |
| GDP From Public Administration | 1152910 USD Thousand | 1.153 B USD | 1Q/22 |
| GDP From Services | 1134486 USD Thousand | 1.134 B USD | 1Q/22 |
| GDP From Transport | 1307909 USD Thousand | 1.308 B USD | 1Q/22 |
| GDP From Utilities | 562827 USD Thousand | 0.563 B USD | 1Q/22 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 68.9 % | 2020 |
| Government Budget Value | 703 USD Million | 0.703 USD Billion | Apr/22 |
| Government Spending | 2640108 USD Thousand | 2.64 USD Billion | 1Q/22 |
| Government Revenues | 2204 USD Million | 2.204 USD Billion | Apr/22 |
| Fiscal Expenditure | 1501 USD Million | 1.501 B USD | Apr/22 |
| Government Budget to GDP | -8.9 % | 2020 |
| Military Expenditure | 2244 USD Million | 2.244 B USD | 2020 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 109 index points | May/22 |
| Food Inflation | 7.27 % | Jun/22 |
| Inflation Rate YoY | 4.23 % | Jun/22 |
| Producer Prices | 109 index points | May/22 |
| Inflation Rate Mom | 0.65 % | Jun/22 |
| CPI Housing Utilities | 118 Index Points | May/22 |
| CPI Transportation | 120 Index Points | May/22 |
| Producer Prices Change | 7.05 % | Apr/22 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | 2.6 % | 2020 |
| Balance of Trade | 184845 USD Thousand | 0.185 USD Billion | Apr/22 |
| Capital Flows | 765 USD Million | 0.765 USD Billion | 1Q/22 |
| Current Account | 808 USD Million | 0.808 USD Billion | 1Q/22 |
| Exports | 2891595 USD Thousand | 2.892 USD Billion | Apr/22 |
| Foreign Exchange Reserves | 8184 USD Million | 8.184 USD Billion | May/22 |
| Imports | 2706750 USD Thousand | 2.707 USD Billion | Apr/22 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Gold Reserves | 21.93 Tonnes | 1Q/22 |
| Interbank Rate | 1.5 % | Jul/22 |
| Interest Rate | 7.11 % | May/22 |
| Loans to Private Sector | 20571 USD Million | 20.571 USD Billion | Feb/22 |
| Money Supply M1 | 29594 USD Million | 29.594 USD Billion | May/22 |
| Money Supply M2 | 71142 USD Million | 71.142 USD Billion | May/22 |
| Deposit Interest Rate | 4.78 % | 2020 |
| Foreign Direct Investment | 91.5 USD Million | 0.092 B USD | 4Q/21 |
| Private Sector Credit | 36534 USD Million | 36.534 B USD | Apr/22 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Minimum Wages | 425 USD/Month | 2022 |
| Unemployment Rate | 6.6 % | 3Q/21 |
| Wages | 467 USD/Month | 2020 |
| Employment Rate | 40 % | 3Q/21 |
| Labor Force Participation Rate | 63 % | 3Q/21 |
| Wages in Manufacturing | 450 USD/Month | 4Q/19 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 25 % | 2021 |
| Personal Income Tax Rate | 35 % | 2021 |
| Sales Tax Rate | 12 % | 2021 |
| Social Security Rate | 21.6 % | 2021 |
| Social Security Rate For Companies | 12.15 % | 2021 |
| Social Security Rate For Employees | 9.45 % | 2021 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Crude Oil Production | 478 BBL/D/1K | Feb/22 |
| Industrial Production | -3.73 % | Feb/16 |
| Steel Production | 50 Thousand Tonnes | Dec/20 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Business Confidence | 1548 index points | Feb/22 |
| Corruption Index | 36 index points | 2021 |
| Corruption Rank | 105 place | 2021 |
| 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 | 7.1 % | Oct/21 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Confidence | 35.6 index points | Feb/22 |
| Consumer Credit | 32221 USD Million | 32.221 USD Billion | Feb/22 |
| Consumer Spending | 11677315 USD Thousand | 11.677 USD Billion | 1Q/22 |
