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 | 98.81 USD Billion | 2020 |
| GDP Annual Growth Rate | -7.2 % | 4Q/20 |
| GDP Growth Rate | 0.68 % | 1Q/21 |
| GDP per capita | 4628 USD | 2020 |
| Inflation Rate YoY | -0.69 % | Jun/21 |
| Interest Rate | 9.33 % | May/21 |
| Unemployment Rate | 6.1 % | 4Q/20 |
| Wages | 467 USD/Month | 2020 |
| Balance of Trade | 333387 USD Thousand | 0.333 B USD | May/21 |
| Current Account | 727 USD Million | 0.727 B USD | 1Q/21 |
| Foreign Exchange Reserves | 6049 USD Million | 6.049 B USD | Jun/21 |
GDP
98.81
USD Billion
#64 from 174 countries
GDP per capita
4628
USD
#92 from 169 countries
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 98.81 USD Billion | 2020 |
| GDP Annual Growth Rate | -7.2 % | 4Q/20 |
| GDP Growth Rate | 0.68 % | 1Q/21 |
| GDP per capita | 4628 USD | 2020 |
| GDP Constant Prices | 16644749 USD Thousand | 16.645 B USD | 1Q/21 |
| GDP per capita PPP | 10329 USD | 2020 |
| GDP From Agriculture | 1381198 USD Thousand | 1.381 B USD | 1Q/21 |
| GDP From Construction | 1265291 USD Thousand | 1.265 B USD | 1Q/21 |
| GDP From Manufacturing | 1979321 USD Thousand | 1.979 B USD | 1Q/21 |
| GDP From Mining | 1492392 USD Thousand | 1.492 B USD | 1Q/21 |
| GDP From Public Administration | 1060159 USD Thousand | 1.06 B USD | 1Q/21 |
| GDP From Services | 1035134 USD Thousand | 1.035 B USD | 1Q/21 |
| GDP From Transport | 1173349 USD Thousand | 1.173 B USD | 1Q/21 |
| GDP From Utilities | 555198 USD Thousand | 0.555 B USD | 1Q/21 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 68.9 % | 2020 |
| Government Budget Value | -554 USD Million | -0.554 USD Billion | May/21 |
| Government Spending | 2473938 USD Thousand | 2.474 USD Billion | 1Q/21 |
| Government Revenues | 1307 USD Million | 1.307 USD Billion | May/21 |
| Fiscal Expenditure | 1862 USD Million | 1.862 B USD | May/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 | Jun/21 |
| Food Inflation | -3.47 % | Jun/21 |
| Inflation Rate YoY | -0.69 % | Jun/21 |
| Producer Prices | 101 index points | Jun/21 |
| Inflation Rate Mom | -0.18 % | Jun/21 |
| CPI Housing Utilities | 116 Index Points | Jun/21 |
| CPI Transportation | 110 Index Points | Jun/21 |
| Producer Prices Change | 0.72 % | May/21 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | 2.6 % | 2020 |
| Balance of Trade | 333387 USD Thousand | 0.333 USD Billion | May/21 |
| Capital Flows | 653 USD Million | 0.653 USD Billion | 1Q/21 |
| Current Account | 727 USD Million | 0.727 USD Billion | 1Q/21 |
| Exports | 2232300 USD Thousand | 2.232 USD Billion | May/21 |
| Foreign Exchange Reserves | 6049 USD Million | 6.049 USD Billion | Jun/21 |
| Imports | 1898914 USD Thousand | 1.899 USD Billion | May/21 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Gold Reserves | 21.93 Tonnes | 1Q/21 |
| Interbank Rate | 1 % | Jul/21 |
| Interest Rate | 9.33 % | May/21 |
| Loans to Private Sector | 17726 USD Million | 17.726 USD Billion | Feb/21 |
| Money Supply M1 | 28296 USD Million | 28.296 USD Billion | May/21 |
| Money Supply M2 | 64514 USD Million | 64.514 USD Billion | May/21 |
| Deposit Interest Rate | 4.78 % | 2020 |
| Foreign Direct Investment | 95.04 USD Million | 0.095 B USD | 4Q/20 |
| Private Sector Credit | 31223 USD Million | 31.223 B USD | May/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 | 502 BBL/D/1K | Mar/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 | 10748503 USD Thousand | 10.749 USD Billion | 1Q/21 |
Gold Reserves
21.93
Tonnes
#65 from 114 countries
Foreign Exchange Reserves
6.049
USD Billion
#83 from
114 countries
Government Budget Value
-0.554
USD Billion
#73 from 113 countries
Inflation Rate
-0.69
%
#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
