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 October 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


Ecuador Last Unit Reference Previous Highest Lowest
Government Debt to GDP 68.90 percent of GDP Dec/20 51.80 85.50 16.40
Government Budget -8.90 percent of GDP Dec/20 -3.20 3.27 -10.94


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.