Ecuador recorded a Government Budget deficit equal to 8.90 percent of the country's Gross Domestic Product in 2020. source: Ministry of Finance, Ecuador

Government Budget in Ecuador averaged -2.12 percent of GDP from 1983 until 2020, 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. This page provides - Ecuador Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Ecuador Government Budget - values, historical data and charts - was last updated on April of 2021.

Government Budget in Ecuador is expected to reach -3.10 percent of GDP by the end of 2021, 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 2022 and -2.30 percent of GDP in 2023, according to our econometric models.

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Ecuador Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-8.90 -3.20 3.27 -10.94 1983 - 2020 percent of GDP Yearly

Ecuador Government Last Previous Highest Lowest Unit
Government Debt to GDP 49.40 45.20 85.50 16.40 percent [+]
Government Budget -8.90 -3.20 3.27 -10.94 percent of GDP [+]
Government Budget Value -2215.02 -388.77 1588.25 -2215.02 USD Million [+]
Government Spending 2538849.00 2518979.00 2844942.00 368888.00 USD THO [+]
Government Revenues 1322.27 1215.60 3706.77 183.80 USD Million [+]
Fiscal Expenditure 3537.29 1604.36 3819.10 140.70 USD Million [+]
Credit Rating 20.00 [+]
Military Expenditure 2459.00 2549.00 3003.00 221.00 USD Million [+]


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.