Ecuador recorded a Government Budget deficit equal to 3 percent of the country's Gross Domestic Product in 2018. Government Budget in Ecuador averaged -1.90 percent of GDP from 1983 until 2018, reaching an all time high of 3.27 percent of GDP in 2006 and a record low of -10.94 percent of GDP in 1987.

Government Budget in Ecuador is expected to be -3.70 percent of GDP by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ecuador Government Budget is projected to trend around -2.50 percent of GDP in 2020, according to our econometric models.


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Ecuador Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-3.00 -5.90 3.27 -10.94 1983 - 2018 percent of GDP Yearly


Ecuador Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.

Ecuador Government Last Previous Highest Lowest Unit
Government Debt to GDP 45.20 44.60 85.50 16.40 percent [+]
Government Budget -3.00 -5.90 3.27 -10.94 percent of GDP [+]
Government Budget Value -270.00 104.66 1588.25 -1870.94 USD Million [+]
Government Spending 2717193.00 2743324.00 2844648.00 368888.00 USD THO [+]
Government Revenues 1885.87 1488.72 3706.77 183.80 USD Million [+]
Fiscal Expenditure 2155.87 1384.06 3819.10 140.70 USD Million [+]
Credit Rating 25.00 [+]
Military Expenditure 2554.00 2463.00 3010.00 221.00 USD Million [+]