Markets Actual Q3 Q4 Q1 Q2 2021
Stock Market (points) 1357.39 1347 1329 1312 1294 1260
Currency 92.77 96.06 96.48 96.91 97.33 97.33

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) -2.11 1.5 -2.5 0.3 1.1 0.6
GDP Annual Growth Rate (%) -1.00 -6 -5 0.5 1.3 1
Unemployment Rate (%) 4.90 6.3 6.5 6.4 6.3 6.1
Inflation Rate (%) 0.17 0.5 0.3 0.4 0.4 0.7
Interest Rate (%) 9.12 8.3 8.2 8 7.8 7.5
Balance of Trade (USD Thousand) 198640.00 -20000 -420000 -550000 -550000 -420000
Current Account (USD Million) 395.39 -130 -150 -150 -150 -50
Current Account to GDP (%) -0.10 -2.1 -2.1 -1.5 -1.5 1.6
Government Debt to GDP (%) 49.40 57 57 59 59 59
Government Budget (% of GDP) -3.00 -3.7 -3.7 -3.1 -3.1 -3.1
Business Confidence (points) 1400.20 1380 1400 1410 1410 1460
Consumer Confidence (points) 37.10 35 37 38 38 38.6
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 35.00 35 35 35 35 35

GDP Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) -2.11 1.5 -2.5 0.3 1.1 0.6
GDP Annual Growth Rate (%) -1.00 -6 -5 0.5 1.3 1
GDP (USD Billion) 107.44 98.5 98.5 102 102 102
GDP Constant Prices (USD THO) 17523048.00 16940719 17005352 17989872 18133075 17175405
Gross Fixed Capital Formation (USD THO) 3893779.00 3910770 3888145 4113248 4145990 3927026
GDP per capita (USD) 5097.07 4850 4850 5000 5000 5000
GDP per capita PPP (USD) 11375.33 10870 10870 11200 11200 11200
GDP From Agriculture (USD Thousand) 1413900.00 1287667 1321997 1398534 1409666 1335217
GDP From Construction (USD Thousand) 1370957.00 1388792 1378524 1458333 1469942 1392309
GDP From Manufacturing (USD Thousand) 2111574.00 2012812 2000831 2116669 2133518 2020839
GDP From Mining (USD Thousand) 1620768.00 1541717 1503778 1590839 1603502 1518816
GDP From Public Administration (USD Thousand) 1078521.00 1017151 1056742 1117922 1126821 1067309
GDP From Services (USD Thousand) 1096055.00 1062166 1071838 1133891 1142917 1082556
GDP From Transport (USD Thousand) 1236182.00 1261193 1255302 1327977 1338548 1267855
GDP From Utilities (USD Thousand) 580301.00 511083 546488 578127 582729 551953

Labour Actual Q3 Q4 Q1 Q2 2021
Unemployment Rate (%) 4.90 6.3 6.5 6.4 6.3 6.1
Wages (USD/Month) 466.63 466 466 466 475 475
Population (Million) 17.27 17.5 17.5 17.5 17.5 17.74
Labor Force Participation Rate (%) 62.30 64.2 64.5 64.7 64.7 64.9
Minimum Wages (USD/Month) 394.00 405 405 405 405 415
Employment Rate (%) 48.02 46.9 46.8 47 47 47.4
Wages In Manufacturing (USD/Month) 450.00 460 470 470 470 470

Prices Actual Q3 Q4 Q1 Q2 2021
Inflation Rate (%) 0.17 0.5 0.3 0.4 0.4 0.7
Consumer Price Index CPI (points) 105.62 106 106 106 106 106
Producer Prices (points) 100.13 104 105 106 102 107
Inflation Rate Mom (%) -0.62 0.1 0.3 0.3 0.2 0.4
Food Inflation (%) 3.25 1.5 0.8 0.6 0.6 0.8
CPI Housing Utilities (points) 116.34 117 116 107 117 117
CPI Transportation (points) 106.41 109 109 108 107 109
Producer Prices Change (%) -1.30 0.3 0.8 1 1.3 1.5

Money Actual Q3 Q4 Q1 Q2 2021
Interest Rate (%) 9.12 8.3 8.2 8 7.8 7.5
Interbank Rate (%) 2.10 1.25 1.25 1.25 1.25 1.25
Deposit Interest Rate (%) 4.40 2.92 2.82 2.62 2.42 2.42

Trade Actual Q3 Q4 Q1 Q2 2021
Balance of Trade (USD Thousand) 198640.00 -20000 -420000 -550000 -550000 -420000
Current Account (USD Million) 395.39 -130 -150 -150 -150 -50
Current Account to GDP (%) -0.10 -2.1 -2.1 -1.5 -1.5 1.6
Exports (USD Thousand) 1448161.00 1800000 1850000 1850000 1850000 1850000
Imports (USD Thousand) 1249521.00 1820000 2400000 2400000 2400000 2600000
Remittances (USD Million) 845.57 730 920 920 920 980
Crude Oil Production (BBL/D/1K) 210.00 690 720 710 710 750

Government Actual Q3 Q4 Q1 Q2 2021
Government Debt to GDP (%) 49.40 57 57 59 59 59
Government Budget (% of GDP) -3.00 -3.7 -3.7 -3.1 -3.1 -3.1
Government Budget Value (USD Million) -521.75 -700 -1440 -1440 -1440 -1140
Government Spending (USD THO) 2639153.00 2513960 2546530 2693961 2715405 2571995
Government Revenues (USD Million) 988.41 1600 1760 1760 1760 1860
Fiscal Expenditure (USD Million) 1510.16 2300 3200 3200 3200 3000
Military Expenditure (USD Million) 2554.00 2550 2550 2550 2550 2300

Taxes Actual Q3 Q4 Q1 Q2 2021
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 35.00 35 35 35 35 35
Sales Tax Rate (%) 12.00 12 12 12 12 12
Social Security Rate (%) 20.60 20.6 20.6 20.6 20.6 20.6
Social Security Rate For Companies (%) 11.15 11.15 11.15 11.15 11.15 11.15
Social Security Rate For Employees (%) 9.45 9.45 9.45 9.45 9.45 9.45

Business Actual Q3 Q4 Q1 Q2 2021
Business Confidence (points) 1400.20 1380 1400 1410 1410 1460
Leading Economic Index (%) -34.50 -1.5 -0.5 0.3 0.5 1.5
Manufacturing Production (%) -4.68 -2.1 -1.7 -0.8 0.5 3

Consumer Actual Q3 Q4 Q1 Q2 2021
Consumer Confidence (points) 37.10 35 37 38 38 38.6
Consumer Spending (USD THO) 11085291.00 10673896 10781921 11406137 11496932 10889740
Consumer Credit (USD Million) 27448.30 25151 26012 28055 28278 26272


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.