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 | 115 USD Billion | 2022 |
| GDP Annual Growth Rate | 0.7 % | 1Q/23 |
| GDP Growth Rate | 2.51 % | 2Q/23 |
| GDP per capita | 5591 USD | 2022 |
| Inflation Rate YoY | 2.56 % | Aug/23 |
| Interest Rate | 9.29 % | Aug/23 |
| Unemployment Rate | 3.8 % | 2Q/23 |
| Wages | 525 USD/Month | 2023 |
| Balance of Trade | 82519 USD Thousand | 0.083 B USD | Jul/23 |
| Current Account | 891 USD Million | 0.891 B USD | 2Q/23 |
| Foreign Exchange Reserves | 6359 USD Million | 6.359 B USD | Aug/23 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 115 USD Billion | 2022 |
| GDP Annual Growth Rate | 0.7 % | 1Q/23 |
| GDP Growth Rate | 2.51 % | 2Q/23 |
| GDP per capita | 5591 USD | 2022 |
| GDP Constant Prices | 18122580 USD Thousand | 18.123 B USD | 2Q/23 |
| GDP per capita PPP | 10859 USD | 2022 |
| GDP From Agriculture | 1317825 USD Thousand | 1.318 B USD | 2Q/23 |
| GDP From Construction | 1119018 USD Thousand | 1.119 B USD | 2Q/23 |
| GDP From Manufacturing | 2066583 USD Thousand | 2.067 B USD | 2Q/23 |
| GDP From Mining | 1489421 USD Thousand | 1.489 B USD | 2Q/23 |
| GDP From Public Administration | 1196162 USD Thousand | 1.196 B USD | 2Q/23 |
| GDP From Services | 1150925 USD Thousand | 1.151 B USD | 2Q/23 |
| GDP From Transport | 1326917 USD Thousand | 1.327 B USD | 2Q/23 |
| GDP From Utilities | 639737 USD Thousand | 0.64 B USD | 2Q/23 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 56 % | 2022 |
| Government Budget Value | -470 USD Million | -0.47 USD Billion | Jul/23 |
| Government Spending | 2749855 USD Thousand | 2.75 USD Billion | 2Q/23 |
| Government Revenues | 1332 USD Million | 1.332 USD Billion | Jul/23 |
| Fiscal Expenditure | 1803 USD Million | 1.803 B USD | Jul/23 |
| Government Budget to GDP | -0.86 % | 2022 |
| Military Expenditure | 2489 USD Million | 2.489 B USD | 2022 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 112 index points | Aug/23 |
| Food Inflation | 8.17 % | Aug/23 |
| Inflation Rate YoY | 2.56 % | Aug/23 |
| Producer Prices | 112 index points | Aug/23 |
| Inflation Rate Mom | 0.5 % | Aug/23 |
| CPI Housing Utilities | 119 Index Points | Aug/23 |
| CPI Transportation | 119 Index Points | Aug/23 |
| Producer Prices Change | 0.96 % | Aug/23 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | 2.2 % | 2022 |
| Balance of Trade | 82519 USD Thousand | 0.083 USD Billion | Jul/23 |
| Capital Flows | 740 USD Million | 0.74 USD Billion | 2Q/23 |
| Current Account | 891 USD Million | 0.891 USD Billion | 2Q/23 |
| Exports | 2567264 USD Thousand | 2.567 USD Billion | Jul/23 |
| Foreign Exchange Reserves | 6359 USD Million | 6.359 USD Billion | Aug/23 |
| Imports | 2484745 USD Thousand | 2.485 USD Billion | Jul/23 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Gold Reserves | 33.78 Tonnes | 2Q/23 |
| Interbank Rate | 5.25 % | Sep/23 |
| Interest Rate | 9.29 % | Aug/23 |
| Loans to Private Sector | 22400 USD Million | 22.4 USD Billion | Jul/23 |
| Money Supply M1 | 29808 USD Million | 29.808 USD Billion | Aug/23 |
| Money Supply M2 | 77661 USD Million | 77.661 USD Billion | Aug/23 |
| Deposit Interest Rate | 4.16 % | 2022 |
| Foreign Direct Investment | 17.2 USD Million | 0.017 B USD | 1Q/23 |
| Private Sector Credit | 41268 USD Million | 41.268 B USD | Jul/23 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Minimum Wages | 450 USD/Month | 2023 |
| Unemployment Rate | 3.8 % | 2Q/23 |
| Wages | 525 USD/Month | 2023 |
| Employment Rate | 44.3 % | 1Q/23 |
| Labor Force Participation Rate | 65.5 % | 1Q/23 |
| Wages in Manufacturing | 450 USD/Month | 4Q/19 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 25 % | 2023 |
| Personal Income Tax Rate | 37 % | 2022 |
| Sales Tax Rate | 12 % | 2023 |
| Social Security Rate | 21.6 % | 2023 |
| Social Security Rate For Companies | 12.15 % | 2023 |
| Social Security Rate For Employees | 9.45 % | 2023 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Crude Oil Production | 471 BBL/D/1K | May/23 |
| Industrial Production | -3.73 % | Feb/16 |
| Steel Production | 50 Thousand Tonnes | Dec/20 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Business Confidence | 55 index points | Jul/23 |
| 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 | 12.19 % | Jun/23 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Confidence | 35.6 index points | Jul/23 |
| Consumer Credit | 39662 USD Million | 39.662 USD Billion | Jul/23 |
| Consumer Spending | 12162236 USD Thousand | 12.162 USD Billion | 2Q/23 |
