Through the displayed period, the share of people living under extreme poverty conditions in Ecuador has displayed variations, peaking in 2020 and subsequently declining to 8.2 percent in 2022. In 2024, 12.7 percent of the population lived in extreme poverty.

Key information about Ecuador Real GDP Growth

• The Gross Domestic Product (GDP) in Ecuador expanded 3.2 % YoY in Sep 2022, following a growth of 1.9 % in the previous quarter.
• Real GDP Growth YoY data in Ecuador is updated quarterly, available from Mar 1994 to Sep 2022, with an average rate of 3.5 %.
• The data reached an all-time high of 11.6 % in Jun 2021 and a record low of -13.9 % in Jun 2020.

CEIC calculates Real GDP Growth from quarterly Real GDP. The Central Bank of Ecuador provides Real GDP in USD, at 2007 prices.


Related information about Ecuador Real GDP Growth

• In the latest reports, Nominal GDP of Ecuador reached 29.3 USD bn in Sep 2022.
• Its GDP deflator (implicit price deflator) increased 6.0 % in Sep 2022.
• GDP Per Capita in Ecuador reached 5,670.3 USD in Dec 2020.
• Its Gross Savings Rate was measured at 23.3 % in Sep 2022.
• For Nominal GDP contributions, Investment accounted for 22.8 % in Sep 2022.
• Public Consumption accounted for 15.0 % in Sep 2022.
• Private Consumption accounted for 61.7 % in Sep 2022.

The Consumer Price Index gauges the price changes in a basket of goods and services in a defined time period. In Ecuador, the CPI compared to the same month of the previous year has been experiencing a steep upward trend since April 2021. June 2022 registered the largest monthly inflation rate since, at least, the beginning of 2019. That month, the CPI stood 4.23 percentage points higher than in May 2021. By contrast, prices registered a negative growth rate during the second half of 2020 and the first half of 2021.

Key information about Ecuador Investment: % of GDP

• Ecuador Investment accounted for 22.8 % of its Nominal GDP in Sep 2022, compared with a ratio of 21.7 % in the previous quarter.
• Ecuador investment share of Nominal GDP data is updated quarterly, available from Mar 1991 to Sep 2022, with an average ratio of 23.1 %.
• The data reached an all-time high of 30.6 % in Sep 2008 and a record low of 8.7 % in Jun 1999.

CEIC calculates Investment as % of Nominal GDP from quarterly Nominal Gross Capital Formation and quarterly Nominal GDP. Gross Capital Formation is calculated as the sum of Gross Fixed Capital Formation and Changes in Inventories. The Central Bank of Ecuador provides Nominal Gross Capital Formation in USD and Nominal GDP in USD. Investment as % of Nominal GDP prior to Q1 2000 is sourced from the International Monetary Fund.


Related information about Ecuador Investment: % of GDP

• In the latest reports, Ecuador GDP expanded 3.2 % YoY in Sep 2022.
• Ecuador Nominal GDP reached 29.3 USD bn in Sep 2022.
• Its GDP deflator (implicit price deflator) increased 6.0 % in Sep 2022.
• Ecuador GDP Per Capita reached 5,670.3 USD in Dec 2020.
• Its Gross Savings Rate was measured at 23.3 % in Sep 2022.

Economic growth, quarterly in Ecuador, June, 2025 The most recent value is -0.13 percent as of Q2 2025, a decline compared to the previous value of 3.46 percent. Historically, the average for Ecuador from Q2 2000 to Q2 2025 is 0.87 percent. The minimum of -15.73 percent was recorded in Q2 2020, while the maximum of 8.35 percent was reached in Q3 2020. | TheGlobalEconomy.com

The Gross Domestic Product (GDP) in Ecuador was worth 124.68 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Ecuador represents 0.12 percent of the world economy. This dataset provides - Ecuador GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Ecuador GDP Per Capita

• Ecuador Gross Domestic Product (GDP) per Capita reached 5,670.330 USD in Dec 2020, compared with 6,260.603 USD in Dec 2019.
• Ecuador GDP Per Capita data is updated yearly, available from Dec 1960 to Dec 2020, with an average number of 1,853.093 USD.
• The data reached an all-time high of 6,347.000 USD in Dec 2014 and a record low of 310.445 in Dec 1962.
• CEIC calculates GDP per Capita from annual Nominal GDP and annual Population. The Central Bank of Ecuador provides Nominal GDP in USD. The National Institute of Statistics and Census provides Population. GDP per Capita prior to 2000 is sourced from the World Bank.

Related information about Ecuador GDP Per Capita data

• In the latest reports, Ecuador GDP expanded 3.186 % YoY in Sep 2022.
• Ecuador Nominal GDP reached 29.335 USD bn in Sep 2022.
• Its GDP deflator (implicit price deflator) increased 5.965 % in Sep 2022.
• Gross Savings Rate of Ecuador was measured at 23.288 % in Sep 2022.

Key information about Ecuador Public Consumption: % of GDP

• Ecuador Public Consumption accounted for 13.5 % of its Nominal GDP in Sep 2024, compared with a share of 13.2 % in the previous quarter.
• Ecuador Public Consumption share of Nominal GDP ratio is updated quarterly, available from Mar 1991 to Sep 2024, with an average number of 12.1 %.
• The data reached an all-time high of 18.3 % in Jun 2020 and a record low of 4.9 % in Mar 2000.

CEIC calculates Government Consumption as % of Nominal GDP from quarterly Government Consumption Expenditure and quarterly Nominal GDP. The Central Bank of Ecuador provides Government Consumption Expenditure in USD and Nominal GDP in USD. Government Consumption as % of Nominal GDP prior to Q1 2000 is sourced from the International Monetary Fund.


Related information about Ecuador Public Consumption: % of GDP

• In the latest reports, Ecuador GDP expanded 0.7 % YoY in Mar 2023.
• Ecuador Nominal GDP reached 28.9 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 1.9 % in Mar 2023.
• Ecuador GDP Per Capita reached 5,670.3 USD in Dec 2020.
• Its Gross Savings Rate was measured at 21.1 % in Sep 2024.
• For Nominal GDP contributions, Investment accounted for 21.3 % in Mar 2023.
• Private Consumption accounted for 63.1 % in Mar 2023.

In 2020, the amount of debt held by Ecuador's central government to creditors based in the country represented 18 percent of gross domestic product (GDP). In the period since 2000, Ecuador's internal debt in relation to its GPD reached its lowest at 4.5 percent in 2009.

Key information about Ecuador Nominal GDP

• Ecuador Nominal GDP reached 29.3 USD bn in Sep 2022, compared with 28.7 USD bn in the previous quarter.
• Nominal GDP in Ecuador is updated quarterly, available from Mar 1991 to Sep 2022, with an average number of 11.9 USD bn.
• The data reached an all-time high of 29.3 USD bn in Sep 2022 and a record low of 2.8 USD bn in Mar 1991.

CEIC extends history for quarterly Nominal GDP. The Central Bank of Ecuador provides Nominal GDP in USD. Nominal GDP prior to Q1 2000 is sourced from the International Monetary Fund.


Related information about Ecuador Nominal GDP

• In the latest reports, Ecuador GDP expanded 3.2 % YoY in Sep 2022.
• Its GDP deflator (implicit price deflator) increased 6.0 % in Sep 2022.
• Ecuador GDP Per Capita reached 5,670.3 USD in Dec 2020.
• Its Gross Savings Rate was measured at 23.3 % in Sep 2022.
• For Nominal GDP contributions, Investment accounted for 22.8 % in Sep 2022.
• Public Consumption accounted for 15.0 % in Sep 2022.
• Private Consumption accounted for 61.7 % in Sep 2022.

Key information about Ecuador GDP Deflator Growth

• Ecuador GDP deflator (implicit price deflator) increased 1.9 % in Mar 2023, compared with an increase of 2.4 % in the previous quarter.
• Ecuador GDP Deflator Growth data is updated quarterly, available from Mar 2001 to Mar 2023, with an average rate of 4.1 %.
• The data reached an all-time high of 45.6 % in Mar 2001 and a record low of -3.2 % in Mar 2015.

CEIC calculates GDP Deflator Growth from quarterly GDP Deflator. The Central Bank of Ecuador provides GDP Deflator at 2007 prices.


Related information about Ecuador GDP Deflator Growth

• In the latest reports, Ecuador GDP expanded 0.7 % YoY in Mar 2023.
• Its Nominal GDP reached 28.9 USD bn in Mar 2023.
• Ecuador GDP Per Capita reached 5,670.3 USD in Dec 2020.
• Its Gross Savings Rate was measured at 21.6 % in Mar 2023.

Graph and download economic data for Gross Portfolio Debt Liabilities to GDP for Ecuador (DDDM10ECA156NWDB) from 1999 to 2020 about Ecuador, liabilities, debt, gross, and GDP.

Graph and download economic data for Credit to Government and State-Owned Enterprises to GDP for Ecuador (DDEI08ECA156NWDB) from 1980 to 2020 about Ecuador, enterprises, credits, government, and GDP.

Graph and download economic data for Outstanding Total International Debt Securities to GDP for Ecuador (DDDM07ECA156NWDB) from 1980 to 2020 about Ecuador, issues, debt, and GDP.

Key information about Ecuador Industrial Production Index Growth

• Ecuador Industrial production rose 30.3 % YoY in Sep 2020, following an increase of 20.7 % YoY in the previous month.
• Ecuador Industrial production index growth rate YoY data is updated monthly, available from Jan 2017 to Sep 2020, with an average rate of 3.1 %.
• The data reached an all-time high of 38.2 % in Jun 2020 and a record low of -26.5 % in Apr 2020.

CEIC calculates Industrial Production Growth from monthly Industrial Production Index. The National Institute of Statistics and Censuses provides Industrial Production Index with base 2015=100. Industrial Production Index covers Manufacturing sector only.

Ecuador: International tourism revenue, percent of GDP: The latest value from 2020 is 0.74 percent, a decline from 2.13 percent in 2019. In comparison, the world average is 3.33 percent, based on data from 125 countries. Historically, the average for Ecuador from 1995 to 2020 is 1.46 percent. The minimum value, 0.74 percent, was reached in 2020 while the maximum of 2.57 percent was recorded in 2000.

GDP based on PPP of Ecuador grew by 0.37% from 286,216,244,219 international dollars in 2023 to 287,270,811,095 international dollars in 2024. Since the 7.01% drop in 2020, GDP based on PPP soared by 42.04% in 2024. PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current international dollars.

Ecuador: Domestic credit to the private sector, percent of GDP: The latest value from 2020 is 47.36 percent, an increase from 42.49 percent in 2019. In comparison, the world average is 61.27 percent, based on data from 151 countries. Historically, the average for Ecuador from 2002 to 2020 is 28.01 percent. The minimum value, 17.24 percent, was reached in 2003 while the maximum of 47.36 percent was recorded in 2020.

Ecuador: Bank credit to government and public enterprises, percent of GDP: The latest value from 2020 is 1.39 percent, a decline from 1.47 percent in 2019. In comparison, the world average is 14.91 percent, based on data from 147 countries. Historically, the average for Ecuador from 1980 to 2020 is 0.81 percent. The minimum value, 0 percent, was reached in 1983 while the maximum of 3.25 percent was recorded in 1998.

Ecuador: Financial system deposits, percent of GDP: The latest value from 2021 is 48.33 percent, an increase from 46.11 percent in 2020. In comparison, the world average is 69.41 percent, based on data from 138 countries. Historically, the average for Ecuador from 1960 to 2021 is 15.9 percent. The minimum value, 4.36 percent, was reached in 1965 while the maximum of 48.33 percent was recorded in 2021.