In 2021, the expenditure of foreign visitors in Ecuador represented *** percent of the country's gross domestic product (GDP). Meanwhile, Ecuadorian travelers in other countries contributed more than *** percent to their nation's GDP. Despite the recovery recorded versus the previous year, these share were still below pre-pandemic levels.
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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 3.34 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.
1,1 (%) in 2019. The share of Travel & Tourism spending or employment in the equivalent economy-wide concept in the published national income accounts or labour market statistics. Visitor exports are compared with exports of all goods and services Domestic Travel & Tourism spending is compared with GDP Government individual Travel & Tourism spending is compared with total government spending Internal Travel & Tourism consumption is compared with total internal consumption (i.e. total domestic spending plus total export) Leisure Travel & Tourism contribution to GDP is compared with total GDP Business Travel & Tourism contribution to GDP is compared with total GDP Travel & Tourism capital investment spending is compared with all fixed investment spending
Brazil led the list with a total of 4,390 kidnapping cases in the latest available data. Ecuador followed with 1,246 occurrences in 2022. On the flip side, there was only three reported kidnapping in the Antigua and Barbuda during that year. Homicides, another recurrent problem in Latin America Among the region's prevalent offenses, intentional homicide emerged as one of the main concerns in the region. Nonetheless, the rates vary among the different countries. Brazil leads the ranking of the most number of homicides in Latin America, as well as being the most populated country by far. On the other hand, Jamaica holds the top position according to the homicide rate, reporting nearly 61 instances per 100,000 inhabitants in 2023. Nevertheless, even with these varying homicide rates across countries, four out of five of the world's most perilous urban centers are situated in Mexico, with Colima leading the pack at a 2024 homicide rate of 140 per 100,000 inhabitants.
Cost of violence in Central America Following criminal acts, the responsibility for addressing the consequences falls squarely on the government, causing government expenditure to surge, called the cost of violence. Notably, Panama is more severely impacted in Central America, with the economic cost of violence per inhabitant accounting for over 3,771 U.S. dollars in 2022. In terms of a percentage of Gross Domestic Product (GDP), El Salvador takes the first place with a value of 15 percent of their GDP.
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Ecuador EC: BOP: Current Account: Exports: Service: Travel: % of Service Exports data was reported at 71.853 % in 2017. This records an increase from the previous number of 67.274 % for 2016. Ecuador EC: BOP: Current Account: Exports: Service: Travel: % of Service Exports data is updated yearly, averaging 42.337 % from Dec 1976 (Median) to 2017, with 42 observations. The data reached an all-time high of 71.853 % in 2017 and a record low of 23.972 % in 1977. Ecuador EC: BOP: Current Account: Exports: Service: Travel: % of Service Exports data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Ecuador – Table EC.World Bank: Balance of Payments: Current Account. Travel covers goods and services acquired from an economy by travelers for their own use during visits of less than one year in that economy for either business or personal purposes. Travel includes local transport (i.e., transport within the economy being visited and provided by a resident of that economy), but excludes international transport (which is included in passenger transport. Travel also excludes goods for resale, which are included in general merchandise.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; Weighted Average; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
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Ecuador EC: BOP: Current Account: Imports: Service: Travel: % of Service Imports data was reported at 20.850 % in 2017. This records an increase from the previous number of 20.659 % for 2016. Ecuador EC: BOP: Current Account: Imports: Service: Travel: % of Service Imports data is updated yearly, averaging 20.148 % from Dec 1976 (Median) to 2017, with 42 observations. The data reached an all-time high of 34.578 % in 1982 and a record low of 17.281 % in 1993. Ecuador EC: BOP: Current Account: Imports: Service: Travel: % of Service Imports data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Ecuador – Table EC.World Bank: Balance of Payments: Current Account. Travel covers goods and services acquired from an economy by travelers for their own use during visits of less than one year in that economy for either business or personal purposes. Travel includes local transport (i.e., transport within the economy being visited and provided by a resident of that economy), but excludes international transport (which is included in passenger transport. Travel also excludes goods for resale, which are included in general merchandise.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; Weighted average; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.
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In 2021, the expenditure of foreign visitors in Ecuador represented *** percent of the country's gross domestic product (GDP). Meanwhile, Ecuadorian travelers in other countries contributed more than *** percent to their nation's GDP. Despite the recovery recorded versus the previous year, these share were still below pre-pandemic levels.