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 | -7.2 % | 4Q/20 |
| GDP Growth Rate | 0.57 % | 4Q/20 |
| GDP per capita | 5097 USD | 2019 |
| Inflation Rate YoY | -1.13 % | May/21 |
| Interest Rate | 9.33 % | Apr/21 |
| Unemployment Rate | 6.1 % | 4Q/20 |
| Wages | 467 USD/Month | 2020 |
| Balance of Trade | 43552 USD Thousand | 0.044 B USD | Mar/21 |
| Current Account | 766 USD Million | 0.766 B USD | 4Q/20 |
| Foreign Exchange Reserves | 5923 USD Million | 5.923 B USD | May/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 | -7.2 % | 4Q/20 |
| GDP Growth Rate | 0.57 % | 4Q/20 |
| GDP per capita | 5097 USD | 2019 |
| GDP Constant Prices | 16532359 USD Thousand | 16.532 B USD | 4Q/20 |
| GDP per capita PPP | 11375 USD | 2019 |
| GDP From Agriculture | 1351482 USD Thousand | 1.351 B USD | 4Q/20 |
| GDP From Construction | 1282859 USD Thousand | 1.283 B USD | 4Q/20 |
| GDP From Manufacturing | 1933172 USD Thousand | 1.933 B USD | 4Q/20 |
| GDP From Mining | 1531898 USD Thousand | 1.532 B USD | 4Q/20 |
| GDP From Public Administration | 1103355 USD Thousand | 1.103 B USD | 4Q/20 |
| GDP From Services | 1025098 USD Thousand | 1.025 B USD | 4Q/20 |
| GDP From Transport | 1177581 USD Thousand | 1.178 B USD | 4Q/20 |
| GDP From Utilities | 516231 USD Thousand | 0.516 B USD | 4Q/20 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 68.9 % | 2020 |
| Government Budget Value | 781 USD Million | 0.781 USD Billion | Apr/21 |
| Government Spending | 2538849 USD Thousand | 2.539 USD Billion | 4Q/20 |
| Government Revenues | 2292 USD Million | 2.292 USD Billion | Apr/21 |
| Fiscal Expenditure | 1511 USD Million | 1.511 B USD | Apr/21 |
| 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) | 105 index points | May/21 |
| Food Inflation | -3.19 % | May/21 |
| Inflation Rate YoY | -1.13 % | May/21 |
| Producer Prices | 101 index points | May/21 |
| Inflation Rate Mom | 0.08 % | May/21 |
| CPI Housing Utilities | 116 Index Points | May/21 |
| CPI Transportation | 110 Index Points | May/21 |
| Producer Prices Change | -1.64 % | Mar/21 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | 2.6 % | 2020 |
| Balance of Trade | 43552 USD Thousand | 0.044 USD Billion | Mar/21 |
| Capital Flows | 1007 USD Million | 1.007 USD Billion | 4Q/20 |
| Current Account | 766 USD Million | 0.766 USD Billion | 4Q/20 |
| Exports | 2099305 USD Thousand | 2.099 USD Billion | Apr/21 |
| Foreign Exchange Reserves | 5923 USD Million | 5.923 USD Billion | May/21 |
| Imports | 1935006 USD Thousand | 1.935 USD Billion | Apr/21 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Gold Reserves | 21.93 Tonnes | 1Q/21 |
| Interbank Rate | 1.3 % | Jun/21 |
| Interest Rate | 9.33 % | Apr/21 |
| Loans to Private Sector | 17726 USD Million | 17.726 USD Billion | Feb/21 |
| Money Supply M1 | 28242 USD Million | 28.242 USD Billion | Apr/21 |
| Money Supply M2 | 64332 USD Million | 64.332 USD Billion | Apr/21 |
| Deposit Interest Rate | 4.78 % | 2020 |
| Foreign Direct Investment | 95.04 USD Million | 0.095 B USD | 4Q/20 |
| Private Sector Credit | 31069 USD Million | 31.069 B USD | Apr/21 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Minimum Wages | 400 USD/Month | 2020 |
| Unemployment Rate | 6.1 % | 4Q/20 |
| Wages | 467 USD/Month | 2020 |
| Employment Rate | 37.4 % | 4Q/20 |
| Labor Force Participation Rate | 61.8 % | 1Q/21 |
| Wages in Manufacturing | 450 USD/Month | 2Q/19 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 25 % | 2021 |
| Personal Income Tax Rate | 35 % | 2021 |
| Sales Tax Rate | 12 % | 2020 |
| 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 | 509 BBL/D/1K | Jan/21 |
| Industrial Production | -3.73 % | Feb/16 |
| Steel Production | 50 Thousand Tonnes | Dec/20 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Business Confidence | 1465 index points | Nov/20 |
| Corruption Index | 39 index points | 2020 |
| Corruption Rank | 92 place | 2020 |
| 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 | -2.1 % | Feb/21 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Confidence | 31.54 index points | Mar/21 |
| Consumer Credit | 28257 USD Million | 28.257 USD Billion | Feb/21 |
| Consumer Spending | 10385181 USD Thousand | 10.385 USD Billion | 4Q/20 |
Gold Reserves
21.93
Tonnes
#65 from 114 countries
Foreign Exchange Reserves
5.923
USD Billion
#83 from
114 countries
Government Budget Value
0.781
USD Billion
#73 from 113 countries
Inflation Rate
-1.13
%
#154 from
174 countries
Interest Rate
9.33
%
#35 from
159 countries
Bank Lending Rate
N/A%
#N/A from
N/A countries
Unemployment Rate
6.1
%
#88 from
171 countries
Wages
467
USD/Month
#63 from
82 countries
