Ecuador recorded a Current Account surplus of 2.60 percent of the country's Gross Domestic Product in 2020. source: Banco Central del Ecuador

Current Account to GDP in Ecuador averaged -1.85 percent from 1980 until 2020, reaching an all time high of 5.17 percent in 2000 and a record low of -10.08 percent in 1987. This page provides - Ecuador Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Ecuador Current Account to GDP - values, historical data and charts - was last updated on August of 2022.

Current Account to GDP in Ecuador is expected to reach 1.20 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ecuador Current Account to GDP is projected to trend around 0.50 percent of GDP in 2022 and -0.20 percent of GDP in 2023, according to our econometric models.

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Ecuador Current Account to GDP

Related Last Previous Unit Reference
Balance of Trade 134343.00 184845.00 USD Thousand May 2022
Current Account 808.05 726.90 USD Million Mar 2022
Current Account to GDP 2.60 -0.10 percent of GDP Dec 2020
Exports 2840682.00 2891595.00 USD Thousand May 2022
Imports 2706339.00 2706750.00 USD Thousand May 2022
Capital Flows 764.99 903.11 USD Million Mar 2022
Remittances 1209.50 1144.20 USD Million Dec 2021
Foreign Direct Investment 91.50 166.30 USD Million Dec 2021

Ecuador Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.
Actual Previous Highest Lowest Dates Unit Frequency
2.60 -0.10 5.17 -10.08 1980 - 2020 percent of GDP Yearly