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. 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 2020.

Government Budget in Ecuador is expected to reach -3.70 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ecuador Government Budget is projected to trend around -3.10 percent of GDP in 2021 and -2.50 percent of GDP in 2022, 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 Last Previous Highest Lowest Unit
Government Debt to GDP 49.40 45.20 85.50 16.40 percent [+]
Government Budget -3.00 -5.90 3.27 -10.94 percent of GDP [+]
Government Budget Value -359.42 -152.66 1588.25 -1870.94 USD Million [+]
Government Spending 2470601.00 2639153.00 2844942.00 368888.00 USD THO [+]
Government Revenues 935.32 1037.89 3706.77 183.80 USD Million [+]
Fiscal Expenditure 1294.73 1190.55 3819.10 140.70 USD Million [+]
Credit Rating 18.00 [+]
Military Expenditure 2554.00 2463.00 3010.00 221.00 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.