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Economy of Ecuador. Statistics, Data and Indicators

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Ecuador
29B- Credit rank #95
N/A Quality of life #
105 Corruption rank#105
129 Ease of doing business#111
Ecuador


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



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