This statistic shows the share of economic sectors in the gross domestic product (GDP) in Ecuador from 2013 to 2023. In 2023, the share of agriculture in Ecuador's gross domestic product was 7.68 percent, industry contributed approximately 26.86 percent and the services sector contributed about 59.72 percent.

The gini index in Ecuador was forecast to remain on a similar level in 2029 as compared to 2024 with 0.46 points. According to this forecast, the gini will stay nearly the same over the forecast period. The Gini coefficient here measures the degree of income inequality on a scale from 0 (=total equality of incomes) to one (=total inequality).The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in more than 150 countries and regions worldwide. All input data are sourced from international institutions, national statistical offices, and trade associations. All data has been are processed to generate comparable datasets (see supplementary notes under details for more information).Find more key insights for the gini index in countries like Bolivia and Peru.

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 EC: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data was reported at 8.560 % in 2017. This records a decrease from the previous number of 8.766 % for 2016. Ecuador EC: GDP: % of GDP: Gross Value Added: Industry: Manufacturing data is updated yearly, averaging 16.865 % from Dec 1965 (Median) to 2017, with 53 observations. The data reached an all-time high of 31.401 % in 2000 and a record low of 8.560 % in 2017. Ecuador EC: GDP: % of GDP: Gross Value Added: Industry: Manufacturing 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.WDI: Gross Domestic Product: Share of GDP. Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Note: For VAB countries, gross value added at factor cost is used as the denominator.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average; Note: Data for OECD countries are based on ISIC, revision 4.

The Gross Domestic Product (GDP) in Ecuador was worth 118.85 billion US dollars in 2023, according to official data from the World Bank. The GDP value of Ecuador represents 0.11 percent of the world economy. This dataset provides - Ecuador GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Corporación Favorita C.A. ranked as the Ecuadorian company that registered the largest sales revenue in 2020, with a revenue of approximately 2.17 billion U.S. dollars. It was followed by Corporación El Rosado S.A. and Consorcio Ecuatoriano de Telecomunicaciones S.A. (Conecel).

The value added to gross domestic product by the manufacturing sector in Ecuador declined to 15.67 billion U.S. dollars in 2023. Nevertheless, the last two years recorded a significantly higher value added than the preceding years.These figures refer to the total value of manufacturing output within a given country, and constant values have been used to negate the impact of inflation when comparing values across multiple years.Find more statistics on other topics about Ecuador with key insights such as value added by the services industry to the gross domestic product, value added by the agriculture, forestry, and fishing sector to the gross domestic product, value added by the agriculture, and forestry and fishing sector to the gross domestic product.

Ecuador EC: GDP: % of Manufacturing: Other Manufacturing data was reported at 53.834 % in 2008. This records an increase from the previous number of 51.090 % for 2007. Ecuador EC: GDP: % of Manufacturing: Other Manufacturing data is updated yearly, averaging 43.371 % from Dec 1963 (Median) to 2008, with 46 observations. The data reached an all-time high of 82.816 % in 2000 and a record low of 25.843 % in 1963. Ecuador EC: GDP: % of Manufacturing: Other Manufacturing 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: Gross Domestic Product: Share of GDP. Value added in manufacturing is the sum of gross output less the value of intermediate inputs used in production for industries classified in ISIC major division D. Other manufacturing, a residual, covers wood and related products (ISIC division 20), paper and related products (ISIC divisions 21 and 22), petroleum and related products (ISIC division 23), basic metals and mineral products (ISIC division27), fabricated metal products and professional goods (ISIC division 28), and other industries (ISIC divisions 25, 26, 31, 33, 36, and 37). Includes unallocated data. When data for textiles, machinery, or chemicals are shown as not available, they are included in other manufacturing.; ; United Nations Industrial Development Organization, International Yearbook of Industrial Statistics.; ;

Ecuador GDP: sa: GVA: Primary Branches data was reported at 3,187,639.836 USD th in Dec 2024. This records an increase from the previous number of 3,021,737.032 USD th for Sep 2024. Ecuador GDP: sa: GVA: Primary Branches data is updated quarterly, averaging 1,572,044.260 USD th from Mar 2000 (Median) to Dec 2024, with 100 observations. The data reached an all-time high of 3,187,639.836 USD th in Dec 2024 and a record low of 535,082.170 USD th in Mar 2000. Ecuador GDP: sa: GVA: Primary Branches data remains active status in CEIC and is reported by Central Bank of Ecuador. The data is categorized under Global Database’s Ecuador – Table EC.A020: SNA 2008: GDP: by Industry: Current Price: Base 2018: Seasonally Adjusted.

The share of value added by the services industry to gross domestic product in Ecuador increased by 0.9 percentage points (+1.53 percent) compared to the previous year. In total, the share amounted to 59.72 percent in 2023. Value added is the value of the gross output of producers less the value of intermediate goods and services consumed in production, before accounting for consumption of fixed capital in production. Find more statistics on other topics about Ecuador with key insights such as national gross income per capita, value added by the services industry to the gross domestic product, value added by the agriculture, and forestry and fishing sector to the gross domestic product.

The statistic shows the distribution of employment in Ecuador by economic sector from 2013 to 2023. In 2023, 30 percent of the employees in Ecuador were active in the agricultural sector, 17.47 percent in industry and 52.54 percent in the service sector.

The report covers Ecuador Oil and Gas Downstream Companies and the market is Segmented by Process Type (Refineries and Petrochemical Plants). The market size and forecasts are provided in terms of revenue (USD) for all the above segments.

Abstract

This research was conducted in Ecuador between June and October 2010 as part of the Latin America and Caribbean (LAC) Enterprise Survey 2010, an initiative of the World Bank. Data from 366 establishments was analyzed.

The objective of the study is to obtain feedback from enterprises in client countries on the state of the private sector as well as to help in building a panel of enterprise data that will make it possible to track changes in the business environment over time, thus allowing, for example, impact assessments of reforms. Through face-to-face interviews with firms in the manufacturing and services sectors, the survey assesses the constraints to private sector growth and creates statistically significant business environment indicators that are comparable across countries.

The standard Enterprise Survey topics include firm characteristics, gender participation, access to finance, annual sales, costs of inputs/labor, workforce composition, bribery, licensing, infrastructure, trade, crime, competition, capacity utilization, land and permits, taxation, informality, business-government relations, innovation and technology, and performance measures. Over 90% of the questions objectively ascertain characteristics of a country’s business environment. The remaining questions assess the survey respondents’ opinions on what are the obstacles to firm growth and performance.

Geographic coverage

National

Analysis unit

The primary sampling unit of the study is the establishment. An establishment is a physical location where business is carried out and where industrial operations take place or services are provided. A firm may be composed of one or more establishments. For example, a brewery may have several bottling plants and several establishments for distribution. For the purposes of this survey an establishment must make its own financial decisions and have its own financial statements separate from those of the firm. An establishment must also have its own management and control over its payroll.

Universe

The whole population, or the universe, covered in the Enterprise Surveys is the non-agricultural economy. It comprises: all manufacturing sectors according to the ISIC Revision 3.1 group classification (group D), construction sector (group F), services sector (groups G and H), and transport, storage, and communications sector (group I). Note that this population definition excludes the following sectors: financial intermediation (group J), real estate and renting activities (group K, except sub-sector 72, IT, which was added to the population under study), and all public or utilities sectors.

Kind of data

Sample survey data [ssd]

Sampling procedure

The study was conducted using stratified random sampling. Three levels of stratification were used in the sample: firm sector, firm size, and geographic region.

Industry stratification was designed in the way that follows: the universe was stratified into 1 manufacturing industry, 1 service industry -retail -, and 1 residual sector. The manufacturing industry, service industry, and residual sectors had a target each of 120 interviews.

Size stratification was defined following the standardized definition for the Enterprise Surveys: small (5 to 19 employees), medium (20 to 99 employees), and large (more than 99 employees). For stratification purposes, the number of employees was defined on the basis of reported permanent full-time workers. This seems to be an appropriate definition of the labor force since seasonal/casual/part-time employment is not a common practice, except in the sectors of construction and agriculture.

Regional stratification was defined in three locations (city and the surrounding business area): Pichincha, Guayas, and Azuay.

For Ecuador, two sample frames were used. The first was supplied by the World Bank and consists of enterprises interviewed in Ecuador 2006. The World Bank required that attempts should be made to re-interview establishments responding to the Ecuador 2006 survey where they were within the selected geographical locations and met eligibility criteria. That sample is referred to as the Panel. The second sample frame from the Official data base obtained from the Superintendence of Companies. A copy of that frames was sent to the TNS statistical team in London to select the establishments for interview.

The quality of the frame was assessed at the onset of the project through visits to a random subset of firms and local contractor knowledge. The sample frame was not immune from the typical problems found in establishment surveys: positive rates of non-eligibility, repetition, non-existent units, etc. In addition, the sample frame contains no telephone/fax numbers so the local contractor had to screen the contacts by visiting them. Due to response rate and ineligibility issues, additional sample had to be extracted by the World Bank in order to obtain enough eligible contacts and meet the sample targets.

Given the impact that non-eligible units included in the sample universe may have on the results, adjustments may be needed when computing the appropriate weights for individual observations. The percentage of confirmed non-eligible units as a proportion of the total number of sampled establishments contacted for the survey was 6.20% (59 out of 951 establishments).

Complete information regarding the sampling methodology, sample frame, weights, response rates, and implementation can be found in "Description of Ecuador Implementation" in "Technical documents" folder.

Mode of data collection

Face-to-face [f2f]

Research instrument

The current survey instruments are available: - Core Questionnaire + Manufacturing Module - Core Questionnaire + Retail Module - Core Questionnaire - Screener Questionnaire

The "Core Questionnaire" is the heart of the Enterprise Survey and contains the survey questions asked of all firms across the world. There are also two other survey instruments - the "Core Questionnaire + Manufacturing Module" and the "Core Questionnaire + Retail Module." The survey is fielded via three instruments in order to not ask questions that are irrelevant to specific types of firms, e.g. a question that relates to production and nonproduction workers should not be asked of a retail firm. In addition to questions that are asked across countries, all surveys are customized and contain country-specific questions. An example of customization would be including tourism-related questions that are asked in certain countries when tourism is an existing or potential sector of economic growth.

The standard Enterprise Survey topics include firm characteristics, gender participation, access to finance, annual sales, costs of inputs/labor, workforce composition, bribery, licensing, infrastructure, trade, crime, competition, capacity utilization, land and permits, taxation, informality, business-government relations, innovation and technology, and performance measures. The questionnaire also assesses the survey respondents' opinions on what are the obstacles to firm growth and performance.

Cleaning operations

Data entry and quality controls are implemented by the contractor and data is delivered to the World Bank in batches (typically 10%, 50% and 100%). These data deliveries are checked for logical consistency, out of range values, skip patterns, and duplicate entries. Problems are flagged by the World Bank and corrected by the implementing contractor through data checks, callbacks, and revisiting establishments.

Response rate

The number of realized interviews per contacted establishment was 0.38. This number is the result of two factors: explicit refusals to participate in the survey, as reflected by the rate of rejection (which includes rejections of the screener and the main survey) and the quality of the sample frame, as represented by the presence of ineligible units. The number of rejections per contact was 0.39.

Complete information regarding the sampling methodology, sample frame, weights, response rates, and implementation can be found in "Description of Ecuador Implementation" in "Technical documents" folder.

"Ecuador import data: Discover the rich resource bounty and diverse import portfolio driving economic growth and opportunities in Ecuador."

GDP: Volume Index: GVA: Others data was reported at 108.943 2018=100 in Dec 2024. This records an increase from the previous number of 90.864 2018=100 for Sep 2024. GDP: Volume Index: GVA: Others data is updated quarterly, averaging 109.276 2018=100 from Mar 2000 (Median) to Dec 2024, with 100 observations. The data reached an all-time high of 163.691 2018=100 in Dec 2008 and a record low of 70.254 2018=100 in Mar 2016. GDP: Volume Index: GVA: Others data remains active status in CEIC and is reported by Central Bank of Ecuador. The data is categorized under Global Database’s Ecuador – Table EC.A023: SNA 2008: GDP: by Industry: Volume Index: 2018=100.

The Ecuadorian oil and gas downstream industry, valued at $463.19 million in 2025, is projected to experience steady growth, driven by increasing domestic demand for refined petroleum products and petrochemicals. A compound annual growth rate (CAGR) of 2.93% from 2025 to 2033 indicates a positive outlook, although this growth is likely to be influenced by global oil price fluctuations and government policies impacting the sector. Key drivers include expanding industrialization and urbanization within Ecuador, leading to higher fuel consumption in transportation and manufacturing. The refineries and petrochemical plants segment dominate the market, with companies such as EP Petroecuador, Petroamazonas EP, Eni SpA, TotalEnergies, and Shell playing significant roles. However, challenges remain, including the need for modernization of existing infrastructure to enhance efficiency and environmental sustainability. Further, potential regulatory changes and investment in renewable energy sources could influence the industry's long-term trajectory. The focus will likely remain on refining capacity optimization to meet domestic demand, with some potential for export depending on regional market conditions. Government initiatives aimed at promoting energy security and diversifying the economy will significantly impact the industry's growth. The historical period (2019-2024) likely saw fluctuating performance due to global economic conditions and the impact of the COVID-19 pandemic on global energy demand. The forecast period (2025-2033) will hinge upon effective investment strategies by key players, adapting to evolving technological advancements, and effectively managing environmental concerns to ensure responsible and sustainable development within the sector. A strategic focus on improving operational efficiency and diversifying product offerings to cater to evolving market demands will be critical for sustained growth in the coming decade. Recent developments include: December 2023: Ecuador's state oil company, Petroecuador, stated that in the company's refinery segment, crude oil output surpassed 400,000 bpd for the first time since January 2021. In a statement, Petroecuador said crude oil production reached 401,852 barrels while barrels of oil equivalent reached 411,873, including natural gas and associated gas., October 2022: Ecuador launched a tender inviting investment in the modernisation and upgradation of its largest refinery, the 110,000 bbl/day capacity Esmeraldas refinery., February 2022: Ecuador's national oil company Petroecuador signed a 15-year contract for the receipt, storage, transport, and dispatch of petroleum products with Abastecedora Ecuatoriana de Combustibles. All fuels were expected to be handled by Petroecuador's infrastructure, which included pipelines, terminals, refineries, and the oil docks of Esmeraldas, La Libertad, and Tres Bocas.. Key drivers for this market are: 4., Increasing Demand for Refined Petroleum Products, Coupled with the Rise in Population, Urbanization, and Industrialization in Ecuador. Potential restraints include: 4., Increasing Demand for Refined Petroleum Products, Coupled with the Rise in Population, Urbanization, and Industrialization in Ecuador. Notable trends are: Refining sector is Expected to Witness a Significant Growth.

The Social Security Rate For Companies in Ecuador stands at 12.15 percent. This dataset provides - Ecuador Social Security Rate For Companies - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Ecuador Wind Energy Market gives an insight into the wind power installed capacity, recent trends and development, and key project information

Abstract

This research was conducted in Ecuador between January and December 2006 as part of the Latin America and the Caribbean Enterprise Survey 2006 initiative. 658 businesses were surveyed.

The objective of the study is to obtain feedback from enterprises in client countries on the state of the private sector as well as to help in building a panel of enterprise data that will make it possible to track changes in the business environment over time, thus allowing, for example, impact assessments of reforms. Through face-to-face interviews with firms in the manufacturing and services sectors, the survey assesses the constraints to private sector growth and creates statistically significant business environment indicators that are comparable across countries.

The standard Enterprise Survey topics include firm characteristics, gender participation, access to finance, annual sales, costs of inputs/labor, workforce composition, bribery, licensing, infrastructure, trade, crime, competition, capacity utilization, land and permits, taxation, informality, business-government relations, innovation and technology, and performance measures. Over 90% of the questions objectively ascertain characteristics of a country’s business environment. The remaining questions assess the survey respondents’ opinions on what are the obstacles to firm growth and performance.

Geographic coverage

National

Analysis unit

The primary sampling unit of the study is the establishment. An establishment is a physical location where business is carried out and where industrial operations take place or services are provided. A firm may be composed of one or more establishments. For example, a brewery may have several bottling plants and several establishments for distribution. For the purposes of this survey an establishment must make its own financial decisions and have its own financial statements separate from those of the firm. An establishment must also have its own management and control over its payroll.

Universe

The whole population, or the universe, covered in the Enterprise Surveys is the non-agricultural economy. It comprises: all manufacturing sectors according to the ISIC Revision 3.1 group classification (group D), construction sector (group F), services sector (groups G and H), and transport, storage, and communications sector (group I). Note that this population definition excludes the following sectors: financial intermediation (group J), real estate and renting activities (group K, except sub-sector 72, IT, which was added to the population under study), and all public or utilities-sectors.

Kind of data

Sample survey data [ssd]

Sampling procedure

The study was conducted using stratified random sampling. Three levels of stratification were used in the sample: firm sector, firm size, and geographic region.

Industry stratification was designed in the following way: the population was stratified into 3 manufacturing industries, one services industry - retail, and one residual sector.

Size stratification was defined following the standardized definition for the rollout: small (5 to 19 employees), medium (20 to 99 employees), and large (more than 99 employees). For stratification purposed, the number of employees was defined on the basis of reported permanent full-time workers.

Regional stratification was defined in terms of the geographic regions with the largest commercial presence in the country: Pichincha, Guayas, and Azuay.

Additional information about sampling design can be found in "Sampling Methodology" and "Latin America and the Caribbean Enterprise Survey 2006 Implementation Report" in "Technical documents" folder.

Mode of data collection

Face-to-face [f2f]

Research instrument

The current survey instruments are available: - Core Questionnaire + Manufacturing Module [ISIC Rev.3.1: 15-37] - Core Questionnaire + Retail Module [ISIC Rev.3.1: 52] - Core Questionnaire [ISIC Rev.3.1: 45, 50, 51, 55, 60-64, 72] - Screener Questionnaire.

The “Core Questionnaire” is the heart of the Enterprise Survey and contains the survey questions asked of all firms across the world. There are also two other survey instruments - the “Core Questionnaire + Manufacturing Module” and the “Core Questionnaire + Retail Module.” The survey is fielded via three instruments in order to not ask questions that are irrelevant to specific types of firms, e.g. a question that relates to production and nonproduction workers should not be asked of a retail firm. In addition to questions that are asked across countries, all surveys are customized and contain country-specific questions. An example of customization would be including tourism-related questions that are asked in certain countries when tourism is an existing or potential sector of economic growth.

The standard Enterprise Survey topics include firm characteristics, gender participation, access to finance, annual sales, costs of inputs/labor, workforce composition, bribery, licensing, infrastructure, trade, crime, competition, capacity utilization, land and permits, taxation, informality, business-government relations, innovation and technology, and performance measures.

Cleaning operations

Data entry and quality controls are implemented by the contractor and data is delivered to the World Bank in batches (typically 10%, 50% and 100%). These data deliveries are checked for logical consistency, out of range values, skip patterns, and duplicate entries. Problems are flagged by the World Bank and corrected by the implementing contractor through data checks, callbacks, and revisiting establishments.

Response rate

Information about response rates, survey and item non-response can be found in "Latin America and the Caribbean Enterprise Survey 2006 Implementation Report."

EC: GDP: USD: Gross Value Added at Basic Price: Industry (including Construction) data was reported at 31.918 USD bn in 2023. This records a decrease from the previous number of 34.057 USD bn for 2022. EC: GDP: USD: Gross Value Added at Basic Price: Industry (including Construction) data is updated yearly, averaging 5.776 USD bn from Dec 1960 (Median) to 2023, with 64 observations. The data reached an all-time high of 36.683 USD bn in 2014 and a record low of 329.349 USD mn in 1962. EC: GDP: USD: Gross Value Added at Basic Price: Industry (including Construction) 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.WDI: Gross Domestic Product: Nominal. Industry (including construction) corresponds to ISIC divisions 05-43 and includes manufacturing (ISIC divisions 10-33). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 4. Data are in current U.S. dollars.;World Bank national accounts data, and OECD National Accounts data files.;Gap-filled total;Note: Data for OECD countries are based on ISIC, revision 4.