Markets Actual Q1 Q2 Q3 Q4 2020
Stock Market (points) 1387.65 1400 1390 1381 1373 1355
Currency 98.05 96.06 96.48 96.91 97.33 98
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.14 0.4 0.5 0.6 0.6 0.6
GDP Annual Growth Rate (%) -0.10 0.3 0.5 0.2 0.3 0.6
Unemployment Rate (%) 5.90 5.6 5.4 5.6 5.9 5.6
Inflation Rate (%) -0.07 0.5 0.8 1.2 1.4 1.6
Interest Rate (%) 8.78 8.5 8.3 8.2 8.2 7.5
Balance of Trade (USD Thousand) 122852.00 -1804000 20000 -20000 -420000 -420000
Current Account (USD Million) -64.90 -50 -110 -130 -150 -50
Current Account to GDP (%) -1.20 1.8 1.8 1.8 1.8 1.6
Government Debt to GDP (%) 45.20 40 40 40 40 35
Government Budget (% of GDP) -3.00 -3.7 -3.7 -3.7 -3.7 -3.1
Business Confidence (points) 1466.10 1449 1435 1430 1440 1500
Consumer Confidence (points) 37.60 37.9 38.1 38.3 38.6 38.6
Corporate Tax Rate (%) 22.00 22 22 22 22 22
Personal Income Tax Rate (%) 35.00 35 35 35 35 35
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.14 0.4 0.5 0.6 0.6 0.6
GDP Annual Growth Rate (%) -0.10 0.3 0.5 0.2 0.3 0.6
GDP (USD Billion) 108.40 115 115 115 115 117
GDP Constant Prices (USD THO) 18069876.00 17978352 18078360 18106016 18124086 18232830
Gross Fixed Capital Formation (USD THO) 4186220.00 4186522 4227915 4194592 4198779 4223971
GDP per capita (USD) 5185.09 5300 5300 5300 5300 5400
GDP per capita PPP (USD) 10412.20 11000 11000 11000 11000 11000
GDP From Agriculture (USD Thousand) 1381112.00 1477474 1466436 1383874 1385255 1393567
GDP From Construction (USD Thousand) 1476812.00 1507367 1506875 1479766 1481242 1490130
GDP From Manufacturing (USD Thousand) 2131832.00 2099308 2123793 2136096 2138227 2151057
GDP From Mining (USD Thousand) 1645342.00 1633361 1652933 1648633 1650278 1660180
GDP From Public Administration (USD Thousand) 1094619.00 1152537 1154835 1096808 1097903 1104490
GDP From Services (USD Thousand) 1145946.00 1082076 1090616 1148238 1149384 1156280
GDP From Transport (USD Thousand) 1321053.00 1246797 1274492 1323695 1325016 1332966
GDP From Utilities (USD Thousand) 521866.00 554072 556750 522910 523432 526572
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 5.90 5.6 5.4 5.6 5.9 5.6
Wages (USD/Month) 450.26 455 455 455 475 475
Population (Million) 17.02 17.5 17.5 17.5 17.5 17.74
Wages In Manufacturing (USD/Month) 450.00 460 460 460 470 470
Labor Force Participation Rate (%) 64.60 64.1 64.1 64.2 64.5 64.9
Minimum Wages (USD/Month) 394.00 405 405 405 405 415
Employment Rate (%) 47.30 47.6 47.6 47.5 47.6 48.5
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) -0.07 0.5 0.8 1.2 1.4 1.6
Consumer Price Index CPI (points) 105.21 106 106 107 107 108
Producer Prices (points) 104.32 104 104 105 105 106
Producer Prices Change (%) 0.50 0.9 1.1 1.3 1.4 1.5
Inflation Rate Mom (%) -0.01 0.1 0.2 0.1 0.5 0.4
Food Inflation (%) -0.63 0.2 0.4 0.5 0.6 0.8
CPI Housing Utilities (points) 115.97 116 117 117 118 120
CPI Transportation (points) 108.36 108 110 110 110 111
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 8.78 8.5 8.3 8.2 8.2 7.5
Interbank Rate (%) 1.25 1.25 1.25 1.25 1.25 1.25
Deposit Interest Rate (%) 3.60 3.32 3.12 3.02 3.02 2.52
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (USD Thousand) 122852.00 -1804000 20000 -20000 -420000 -420000
Current Account (USD Million) -64.90 -50 -110 -130 -150 -50
Current Account to GDP (%) -1.20 1.8 1.8 1.8 1.8 1.6
Imports (USD Thousand) 1755212.00 1870000 1840000 1820000 2400000 2600000
Exports (USD Thousand) 1878064.00 1900000 1860000 1800000 1850000 1850000
Remittances (USD Million) 845.57 830 830 730 920 980
Crude Oil Production (BBL/D/1K) 542.00 485 485 485 475 475
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 45.20 40 40 40 40 35
Government Budget (% of GDP) -3.00 -3.7 -3.7 -3.7 -3.7 -3.1
Government Budget Value (USD Million) -270.00 -1600 -960 -700 -1440 -1140
Government Spending (USD THO) 2717193.00 2722182 2757041 2722627 2725345 2741697
Government Revenues (USD Million) 1885.87 1700 1540 1600 1760 1860
Fiscal Expenditure (USD Million) 2155.87 3300 2500 2300 3200 3000
Military Expenditure (USD Million) 2554.00 2550 2550 2550 2550 2300
Taxes Actual Q1 Q2 Q3 Q4 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 Companies (%) 12.15 12.15 12.15 12.15 12.15 12.15
Social Security Rate For Employees (%) 9.45 9.45 9.45 9.45 9.45 9.45
Business Actual Q1 Q2 Q3 Q4 2020
Business Confidence (points) 1466.10 1449 1435 1430 1440 1500
Leading Economic Index (%) -7.90 0.3 0.5 0.5 0.6 1.5
Manufacturing Production (%) 18.10 4.2 4 4.3 4.5 4
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Confidence (points) 37.60 37.9 38.1 38.3 38.6 38.6
Consumer Spending (USD THO) 11317706.00 11169333 11289463 11340341 11351659 11419769
Consumer Credit (USD Million) 27152.60 24461 25462 26810 27234 27397


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.