Government Spending in Ecuador decreased to 2470601 USD THO in the second quarter of 2020 from 2639153 USD THO in the first quarter of 2020. source: Banco Central Del Ecuador

Government Spending in Ecuador averaged 1404109.55 USD THO from 1990 until 2020, reaching an all time high of 2844942 USD THO in the fourth quarter of 2018 and a record low of 368888 USD THO in the third quarter of 1999. This page provides - Ecuador Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Ecuador Government Spending - values, historical data and charts - was last updated on November of 2020.

Government Spending in Ecuador is expected to be 2916207.97 USD THO by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Ecuador to stand at 3035026.00 in 12 months time. In the long-term, the Ecuador Government Spending is projected to trend around 2954118.67 USD THO in 2021 and 2617175.00 USD THO in 2022, according to our econometric models.

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Ecuador Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
2470601.00 2639153.00 2844942.00 368888.00 1990 - 2020 USD THO Quarterly
Constant Prices, NSA

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 -119.87 -359.42 1588.25 -1870.94 USD Million [+]
Government Spending 2470601.00 2639153.00 2844942.00 368888.00 USD THO [+]
Government Revenues 1408.78 935.32 3706.77 183.80 USD Million [+]
Fiscal Expenditure 1528.65 1294.73 3819.10 140.70 USD Million [+]
Credit Rating 18.00 [+]
Military Expenditure 2554.00 2463.00 3010.00 221.00 USD Million [+]

Ecuador Government Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.