Markets Actual Q3 Q4 Q1 Q2 2022
Stock Market (points) 1314.90 1298 1286 1274 1263 1240
Currency 92.62 96.06 96.48 96.91 97.33 97.33

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 0.68 0.3 0.6 0.6 0.6 0.6
GDP Annual Growth Rate (%) -7.20 9 5 3.2 0.8 1.5
Unemployment Rate (%) 6.10 6.6 6.1 5.8 5.8 5.5
Inflation Rate (%) -0.69 1.4 2.2 2.4 2.5 2.5
Interest Rate (%) 9.33 9 9.5 9.5 9.5 9.5
Balance of Trade (USD Thousand) 333387.00 50000 -70000 -70000 -70000 -70000
Current Account (USD Million) 726.80 -150 -50 -50 -50 -50
Current Account to GDP (% of GDP) 2.60 -1.5 1.6 1.6 1.6 -1.2
Government Debt to GDP (% of GDP) 68.90 65 65 61 61 61
Government Budget (% of GDP) -8.90 -3.1 -3.1 -2.5 -2.5 -2.5
Business Confidence (points) 1465.00 1420 1460 1473 1473 1460
Consumer Confidence (points) 31.54 34 36 36 37.4 38.6
Corporate Tax Rate (%) 25.00 22 22 22 22 22
Personal Income Tax Rate (%) 35.00 35 35 35 35 35

GDP Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 0.68 0.3 0.6 0.6 0.6 0.6
GDP Annual Growth Rate (%) -7.20 9 5 3.2 0.8 1.5
GDP (USD Billion) 98.81 102 102 102 102 106
GDP Constant Prices (USD THO) 16644749.00 17437717 18790839 17358977 17061394 17619362
Gross Fixed Capital Formation (USD THO) 3745536.00 3737863 4417449 3826181 3760589 3883574
GDP per capita (USD) 4628.32 5000 5000 5000 5000 5150
GDP per capita PPP (USD) 10329.20 11200 11200 11200 11200 11300
GDP From Agriculture (USD Thousand) 1381198.00 1514703 1500843 1419056 1394729 1440342
GDP From Construction (USD Thousand) 1265291.00 1406279 1587768 1347002 1323910 1367207
GDP From Manufacturing (USD Thousand) 1979321.00 2095632 2167534 2029831 1995034 2060278
GDP From Mining (USD Thousand) 1492392.00 1313560 1682243 1608493 1580919 1632620
GDP From Public Administration (USD Thousand) 1060159.00 1206943 1279426 1158523 1138662 1175901
GDP From Services (USD Thousand) 1035134.00 1200053 1129299 1076353 1057901 1092498
GDP From Transport (USD Thousand) 1173349.00 1076272 1341221 1236460 1215264 1255007
GDP From Utilities (USD Thousand) 555198.00 622264 516727 542043 532750 550173

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 6.10 6.6 6.1 5.8 5.8 5.5
Wages (USD/Month) 466.63 475 475 475 475 480
Population (Million) 17.56 17.5 17.74 17.74 17.74 17.98
Labor Force Participation Rate (%) 61.80 62.3 62.8 62.8 62.8 62.8
Minimum Wages (USD/Month) 400.00 405 415 415 415 415
Employment Rate (%) 37.40 46 47.4 47.4 47.4 47.4
Wages In Manufacturing (USD/Month) 450.00 470 470 470 470 470

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) -0.69 1.4 2.2 2.4 2.5 2.5
Consumer Price Index CPI (points) 104.89 105 110 107 107 109
Producer Prices (points) 101.36 102 103 104 105 106
Inflation Rate Mom (%) -0.18 0.1 0.4 0.4 0.4 0.4
Food Inflation (%) -3.47 0.6 0.8 1.4 1.4 0.9
CPI Housing Utilities (points) 116.22 116 121 119 119 122
CPI Transportation (points) 110.36 107 108 110 113 111
Producer Prices Change (%) 0.72 0.5 0.5 1.2 3.5 3

Money Actual Q3 Q4 Q1 Q2 2022
Interest Rate (%) 9.33 9 9.5 9.5 9.5 9.5
Interbank Rate (%) 1.00 1.25 1.25 1.25 1.25 1.25
Deposit Interest Rate (%) 4.78 4.45 1.18 4.95 4.95 4.95

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (USD Thousand) 333387.00 50000 -70000 -70000 -70000 -70000
Current Account (USD Million) 726.80 -150 -50 -50 -50 -50
Current Account to GDP (% of GDP) 2.60 -1.5 1.6 1.6 1.6 -1.2
Exports (USD Thousand) 2232300.00 1750000 1780000 1780000 1780000 1780000
Imports (USD Thousand) 1898914.00 1700000 1850000 1850000 1850000 1850000
Remittances (USD Million) 986.20 920 980 980 980 980
Crude Oil Production (BBL/D/1K) 502.00 710 750 750 750 700

Government Actual Q3 Q4 Q1 Q2 2022
Government Debt to GDP (% of GDP) 68.90 65 65 61 61 61
Government Budget (% of GDP) -8.90 -3.1 -3.1 -2.5 -2.5 -2.5
Government Budget Value (USD Million) -554.33 -1440 -1140 -1140 -1140 -1140
Government Spending (USD THO) 2473938.00 2742367 2954119 2665791 2620092 2705778
Government Revenues (USD Million) 1307.42 1760 1860 1860 1860 1860
Fiscal Expenditure (USD Million) 1861.75 3200 3000 3000 3000 3000
Military Expenditure (USD Million) 2244.00 2500 2500 2300 2300 2300

Taxes Actual Q3 Q4 Q1 Q2 2022
Corporate Tax Rate (%) 25.00 22 22 22 22 22
Personal Income Tax Rate (%) 35.00 35 35 35 35 35
Sales Tax Rate (%) 12.00 12 12 12 12 12
Social Security Rate (%) 21.60 21.6 20.6 20.6 20.6 20.6
Social Security Rate For Companies (%) 12.15 12.15 11.15 11.15 11.15 11.15
Social Security Rate For Employees (%) 9.45 9.45 9.45 9.45 9.45 9.45

Business Actual Q3 Q4 Q1 Q2 2022
Business Confidence (points) 1465.00 1420 1460 1473 1473 1460
Leading Economic Index (%) -2.10 4.5 1.5 1.5 1.5 1.3
Manufacturing Production (%) 30.32 18 12 5 5 4.3

Consumer Actual Q3 Q4 Q1 Q2 2022
Consumer Confidence (points) 31.54 34 36 36 37.4 38.6
Consumer Spending (USD THO) 10748503.00 10997614 11743755 10904440 10717507 11068007
Consumer Credit (USD Million) 28256.70 30322 24526 29483 29161 29925


This page has economic forecasts for Ecuador including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Ecuador economy.