Markets Actual Q2 Q3 Q4 Q1 2020
Stock Market (points) 1366.38 1396 1390 1384 1378 1367
Currency 97.46 96.06 96.48 96.91 97.33 97.33
Overview Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 0.10 0.6 0.9 0.7 0.7 0.8
GDP Annual Growth Rate (%) 0.80 0.8 0.5 0.1 0.3 0.3
Unemployment Rate (%) 5.80 5 4.7 5.2 5.2 5.4
Inflation Rate (%) -0.12 0.6 0.8 1.2 1.3 1.6
Interest Rate (%) 8.75 8.95 8.5 8.4 8.2 8.2
Balance of Trade (USD Thousand) -30521.00 -110000 -120000 -1804000 -1804000 -420000
Current Account (USD Million) -776.50 -100 -280 180 180 -150
Current Account to GDP (%) -0.20 0.5 0.5 0.5 1.8 1.8
Government Debt to GDP (%) 45.20 46 46 46 40 40
Government Budget (% of GDP) -5.90 -4.2 -4.2 -4.2 -3.7 -3.7
Business Confidence (Index Points) 1365.40 1390 1410 1430 1430 1535
Corporate Tax Rate (%) 22.00 22 22 22 22 22
Personal Income Tax Rate (%) 35.00 35 35 35 35 35
GDP Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 0.10 0.6 0.9 0.7 0.7 0.8
GDP Annual Growth Rate (%) 0.80 0.8 0.5 0.1 0.3 0.3
GDP (USD Billion) 103.06 109 109 109 115 115
GDP Constant Prices (USD THO) 18094508.00 18049889 18244838 18311642 18365926 18549693
Gross Fixed Capital Formation (USD THO) 4253752.00 4317647 4341624 4304797 4317558 4360759
GDP per capita (USD) 5269.62 5100 5100 5100 5250 5250
GDP per capita PPP (USD) 10581.94 10850 10850 10850 11000 11000
GDP From Agriculture (USD Thousand) 1445226.00 1424065 1430090 1462569 1466904 1481582
GDP From Construction (USD Thousand) 1528930.00 1569687 1573222 1547277 1551864 1567392
GDP From Manufacturing (USD Thousand) 2087212.00 2100538 2108408 2112259 2118520 2139718
GDP From Mining (USD Thousand) 1619904.00 1619274 1654739 1639343 1644203 1660654
GDP From Public Administration (USD Thousand) 1232014.00 1218582 1214357 1246798 1250494 1263007
GDP From Services (USD Thousand) 1087451.00 1081992 1086347 1100500 1103763 1114807
GDP From Transport (USD Thousand) 1291519.00 1269699 1285518 1307017 1310892 1324008
GDP From Utilities (USD Thousand) 497579.00 522610 515954 503550 505043 510096
Labour Actual Q2 Q3 Q4 Q1 2020
Unemployment Rate (%) 5.80 5 4.7 5.2 5.2 5.4
Wages (USD/Month) 437.44 461 465 455 455 475
Wages In Manufacturing (USD/Month) 437.00 440 442 460 460 470
Minimum Wages (USD/Month) 394.00 394 394 394 405 405
Employment Rate (%) 47.00 48 48.7 49 49 52
Prices Actual Q2 Q3 Q4 Q1 2020
Inflation Rate (%) -0.12 0.6 0.8 1.2 1.3 1.6
Consumer Price Index CPI (Index Points) 105.31 105 106 107 107 108
Producer Prices (Index Points) 102.97 102 102 103 103 104
Producer Prices Change (%) -0.90 -1.4 -1.2 0.6 0.4 1.4
Inflation Rate Mom (%) -0.21 0.6 0.7 0.7 0.7 0.8
Food Inflation (%) -1.05 0.4 0.6 0.4 0.4 0.8
CPI Housing Utilities (Index Points) 115.32 116 116 117 117 119
CPI Transportation (Index Points) 107.65 106 108 109 110 111
Money Actual Q2 Q3 Q4 Q1 2020
Interest Rate (%) 8.75 8.95 8.5 8.4 8.2 8.2
Interbank Rate (%) 1.25 1.25 1.25 1.25 1.25 1.25
Deposit Interest Rate (%) 3.50 3.63 3.18 3.08 2.88 2.88
Trade Actual Q2 Q3 Q4 Q1 2020
Balance of Trade (USD Thousand) -30521.00 -110000 -120000 -1804000 -1804000 -420000
Current Account (USD Million) -776.50 -100 -280 180 180 -150
Current Account to GDP (%) -0.20 0.5 0.5 0.5 1.8 1.8
Imports (USD Thousand) 1725820.00 1860000 1970000 2000000 2000000 2400000
Exports (USD Thousand) 1695299.00 1750000 1850000 196000 196000 1980000
Government Actual Q2 Q3 Q4 Q1 2020
Government Debt to GDP (%) 45.20 46 46 46 40 40
Government Budget (% of GDP) -5.90 -4.2 -4.2 -4.2 -3.7 -3.7
Government Spending (USD THO) 2844648.00 2799552 2803451 2878784 2887318 2916208
Taxes Actual Q2 Q3 Q4 Q1 2020
Corporate Tax Rate (%) 22.00 22 22 22 22 22
Personal Income Tax Rate (%) 35.00 35 35 35 35 35
Sales Tax Rate (%) 12.00 12 12 12 12 12
Social Security Rate (%) 21.60 21.6 21.6 21.6 21.6 21.6
Social Security Rate For Employees (%) 9.45 9.45 9.45 9.45 9.45 9.45
Business Actual Q2 Q3 Q4 Q1 2020
Business Confidence (Index Points) 1365.40 1390 1410 1430 1430 1535
Leading Economic Index (%) -2.30 2.6 1.8 3 3.3 2
Manufacturing Production (%) 5.90 3.7 3.8 3.8 3.8 3.6
Consumer Actual Q2 Q3 Q4 Q1 2020
Consumer Spending (USD THO) 11308567.00 11253863 11324038 11444270 11478196 11593045


This page has economic forecasts for Ecuador including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Ecuador economy.