The Gross Domestic Product (GDP) in Ecuador contracted 1 percent in the first quarter of 2019 over the previous quarter. GDP Growth Rate in Ecuador averaged 0.90 percent from 2000 until 2019, reaching an all time high of 3.40 percent in the fourth quarter of 2003 and a record low of -1.90 percent in the second quarter of 2003.

GDP Growth Rate in Ecuador is expected to be 0.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Ecuador to stand at 0.50 in 12 months time. In the long-term, the Ecuador GDP Growth Rate is projected to trend around 0.80 percent in 2020, according to our econometric models.

Ecuador GDP Growth Rate
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Ecuador GDP Last Previous Highest Lowest Unit
GDP Growth Rate -1.00 0.10 3.40 -1.90 percent [+]
GDP Annual Growth Rate 0.60 0.80 10.20 -3.40 percent [+]
GDP 108.40 104.30 108.40 1.52 USD Billion [+]
GDP Constant Prices 17920543.00 18094508.00 18094508.00 9134587.00 USD THO [+]
Gross Fixed Capital Formation 4175198.00 4253752.00 4792365.00 1324528.00 USD THO [+]
GDP per capita 5185.09 5205.76 5412.13 2238.01 USD [+]
GDP per capita PPP 10412.20 10453.71 10868.12 7357.02 USD [+]
GDP From Agriculture 1473784.00 1445226.00 1473784.00 787431.00 USD Thousand [+]
GDP From Construction 1503460.00 1528930.00 1775774.00 499868.00 USD Thousand [+]
GDP From Manufacturing 2091786.00 2087212.00 2091786.00 1094728.00 USD Thousand [+]
GDP From Mining 1624498.00 1619904.00 1737371.00 880806.00 USD Thousand [+]
GDP From Public Administration 1149093.00 1232014.00 1232014.00 535146.00 USD Thousand [+]
GDP From Services 1078919.00 1087451.00 1180118.00 863720.00 USD Thousand [+]
GDP From Transport 1243576.00 1291519.00 1291519.00 666729.00 USD Thousand [+]
GDP From Utilities 553584.00 497579.00 553584.00 121724.00 USD Thousand [+]


Ecuador GDP Growth Rate

Ecuador is the ninth largest economy in Latin America. The economy is highly dependent on oil exports. Shipments of oil account for 58 percent of total exports and for almost two fifths of government revenue. This page provides - Ecuador GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Ecuador GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-1.00 0.10 3.40 -1.90 2000 - 2019 percent Quarterly




Country Last Previous
Indonesia 4.20 Jun/19
United States 2.10 Jun/19
China 1.60 Jun/19
India 1.40 Mar/19
Turkey 1.30 Mar/19
South Korea 1.10 Jun/19
Saudi Arabia 1.07 Dec/18
Switzerland 0.60 Mar/19
Netherlands 0.50 Jun/19
Spain 0.50 Jun/19
Australia 0.40 Mar/19
Japan 0.40 Jun/19
Euro Area 0.20 Jun/19
France 0.20 Jun/19
Canada 0.10 Mar/19
Italy 0.00 Jun/19
Mexico 0.00 Jun/19
Germany -0.10 Jun/19
Argentina -0.20 Mar/19
Brazil -0.20 Mar/19
United Kingdom -0.20 Jun/19
Russia -0.40 Mar/19
South Africa -3.20 Mar/19
Singapore -3.30 Jun/19


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