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Economic indicators of Ecuador : Growth

Main Indicators

Main Indicators 201920202021 (e)2022 (e)2023 (e)
GDP (billions USD) 108.11e98.81e104.48109.98114.08
GDP (Constant Prices, Annual % Change) 0.0e-7.8e2.83.52.5
GDP per Capita (USD) 6,261e5,643e5,8846,1086,248
General Government Balance (in % of GDP) -2.9-4.4e-1.90.21.4
General Government Gross Debt (in % of GDP) 51.41161.188e60.95459.91857.891
Inflation Rate (%) 0.3-0.3e0.13.22.4
Current Account (billions USD) -0.062.47e1.791.912.22
Current Account (in % of GDP) -0.12.5e1.71.71.9

Source: IMF – World Economic Outlook Database - Latest available data.

Note: (e) Estimated Data

 
Socio-Demographic Indicators 20212022 (e)2023 (e)
Unemployment Rate (%) 4.64.24.1

Source: IMF – World Economic Outlook Database - Latest available data.

 
 
Monetary Indicators 20162017201820192020
American Dollar (USD) - Average Annual Exchange Rate For 1 EUR 1.061.131.181.121.14

Source: World Bank - Latest available data.

 
 

Main Sectors of Industry

Breakdown of Economic Activity By Sector Agriculture Industry Services
Employment By Sector (in % of Total Employment) 29.7 17.2 53.0
Value Added (in % of GDP) 9.8 32.0 52.6
Value Added (Annual % Change) 0.4 -8.2 -7.4

Source: World Bank - Latest available data.

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Latest Update: May 2022