Economy of Ecuador. Statistics, Data and Indicators
Ecuador
| 29B- | Credit rank #95 |
| N/A | Quality of life # |
| 92 | Corruption rank#105 |
| 129 | Ease of doing business#111 |
Ecuador Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 107 USD Billion | 2019 |
| GDP Annual Growth Rate | -8.8 % | 3Q/20 |
| GDP Growth Rate | 4.51 % | 3Q/20 |
| GDP per capita | 5097 USD | 2019 |
| Inflation Rate YoY | -0.81 % | Feb/21 |
| Interest Rate | 9.02 % | Sep/20 |
| Unemployment Rate | 6.6 % | 3Q/20 |
| Wages | 467 USD/Month | 2020 |
| Balance of Trade | 12174 USD Thousand | 0.012 B USD | Dec/20 |
| Current Account | 1214 USD Million | 1.214 B USD | 3Q/20 |
| Foreign Exchange Reserves | 6591 USD Million | 6.591 B USD | Jan/21 |
GDP
107
USD Billion
#64 from 174 countries
GDP per capita
5097
USD
#92 from 169 countries
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 107 USD Billion | 2019 |
| GDP Annual Growth Rate | -8.8 % | 3Q/20 |
| GDP Growth Rate | 4.51 % | 3Q/20 |
| GDP per capita | 5097 USD | 2019 |
| GDP Constant Prices | 16487573 USD Thousand | 16.488 B USD | 3Q/20 |
| GDP per capita PPP | 11375 USD | 2019 |
| GDP From Agriculture | 1354397 USD Thousand | 1.354 B USD | 3Q/20 |
| GDP From Construction | 1286947 USD Thousand | 1.287 B USD | 3Q/20 |
| GDP From Manufacturing | 1923432 USD Thousand | 1.923 B USD | 3Q/20 |
| GDP From Mining | 1551144 USD Thousand | 1.551 B USD | 3Q/20 |
| GDP From Public Administration | 1084225 USD Thousand | 1.084 B USD | 3Q/20 |
| GDP From Services | 1094824 USD Thousand | 1.095 B USD | 3Q/20 |
| GDP From Transport | 1131966 USD Thousand | 1.132 B USD | 3Q/20 |
| GDP From Utilities | 566259 USD Thousand | 0.566 B USD | 3Q/20 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 49.4 % | 2019 |
| Government Budget Value | -2215 USD Million | -2.215 USD Billion | Dec/20 |
| Government Spending | 2518979 USD Thousand | 2.519 USD Billion | 3Q/20 |
| Government Revenues | 1322 USD Million | 1.322 USD Billion | Dec/20 |
| Fiscal Expenditure | 3537 USD Million | 3.537 B USD | Dec/20 |
| Government Budget to GDP | -3 % | 2018 |
| Military Expenditure | 2554 USD Million | 2.554 B USD | 2018 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 104 index points | Feb/21 |
| Food Inflation | -0.74 % | Jan/21 |
| Inflation Rate YoY | -0.81 % | Feb/21 |
| Producer Prices | 103 index points | Feb/21 |
| Inflation Rate Mom | 0.12 % | Jan/21 |
| CPI Housing Utilities | 116 Index Points | Feb/21 |
| CPI Transportation | 106 Index Points | Feb/21 |
| Producer Prices Change | -1.5 % | Dec/20 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -0.1 % | 2019 |
| Balance of Trade | 12174 USD Thousand | 0.012 USD Billion | Dec/20 |
| Capital Flows | 4672 USD Million | 4.672 USD Billion | 3Q/20 |
| Current Account | 1214 USD Million | 1.214 USD Billion | 3Q/20 |
| Exports | 1822450 USD Thousand | 1.822 USD Billion | Dec/20 |
| Foreign Exchange Reserves | 6591 USD Million | 6.591 USD Billion | Jan/21 |
| Imports | 1810276 USD Thousand | 1.81 USD Billion | Dec/20 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Gold Reserves | 21.93 Tonnes | 4Q/20 |
| Interbank Rate | 1 % | Mar/21 |
| Interest Rate | 9.02 % | Sep/20 |
| Loans to Private Sector | 17067 USD Million | 17.067 USD Billion | Aug/20 |
| Money Supply M1 | 27826 USD Million | 27.826 USD Billion | Jan/21 |
| Money Supply M2 | 63142 USD Million | 63.142 USD Billion | Jan/21 |
| Deposit Interest Rate | 4.4 % | 2019 |
| Foreign Direct Investment | 90.84 USD Million | 0.091 B USD | 2Q/20 |
| Private Sector Credit | 30545 USD Million | 30.545 B USD | Dec/20 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Minimum Wages | 394 USD/Month | 2019 |
| Unemployment Rate | 6.6 % | 3Q/20 |
| Wages | 467 USD/Month | 2020 |
| Employment Rate | 39.3 % | 3Q/20 |
| Labor Force Participation Rate | 60.1 % | 3Q/20 |
| Wages in Manufacturing | 450 USD/Month | 2Q/19 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 25 % | 2020 |
| Personal Income Tax Rate | 35 % | 2020 |
| Sales Tax Rate | 12 % | 2020 |
| Social Security Rate | 20.6 % | 2020 |
| Social Security Rate For Companies | 11.15 % | 2020 |
| Social Security Rate For Employees | 9.45 % | 2020 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Crude Oil Production | 508 BBL/D/1K | Oct/20 |
| Industrial Production | -3.73 % | Feb/16 |
| Steel Production | 50 Thousand Tonnes | Dec/20 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Business Confidence | 1480 index points | Oct/20 |
| Corruption Index | 39 index points | 2020 |
| Corruption Rank | 92 place | 2020 |
| Ease of Doing Business | 129 place | 2019 |
| Manufacturing Production | 20.66 % | Aug/20 |
| Competitiveness Index | 55.74 Index Points | 2019 |
| Competitiveness Rank | 90 | 2019 |
| Leading Economic Index | -5.3 % | Aug/20 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Confidence | 28.85 index points | Nov/20 |
| Consumer Credit | 28079 USD Million | 28.079 USD Billion | Dec/20 |
| Consumer Spending | 10183479 USD Thousand | 10.183 USD Billion | 3Q/20 |
Gold Reserves
21.93
Tonnes
#65 from 114 countries
Foreign Exchange Reserves
6.591
USD Billion
#83 from
114 countries
Government Budget Value
-2.215
USD Billion
#73 from 113 countries
Inflation Rate
-0.81
%
#154 from
174 countries
Interest Rate
9.02
%
#35 from
159 countries
Bank Lending Rate
N/A%
#N/A from
N/A countries
Unemployment Rate
6.6
%
#88 from
171 countries
Wages
467
USD/Month
#63 from
82 countries
