Ecuador recorded a Current Account deficit of 0.10 percent of the country's Gross Domestic Product in 2019. source: Banco Central del Ecuador

Current Account to GDP in Ecuador averaged -1.96 percent from 1980 until 2019, 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 April of 2021.

Current Account to GDP in Ecuador is expected to reach -2.10 percent by the end of 2020, 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 1.60 percent in 2021 and -1.20 percent in 2022, according to our econometric models.

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Ecuador Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-0.10 -1.20 5.17 -10.08 1980 - 2019 percent Yearly

Ecuador Trade Last Previous Highest Lowest Unit
Balance of Trade 116905.00 12174.00 619602.00 -729014.00 USD Thousand [+]
Current Account 765.79 1213.63 1548.23 -1398.86 USD Million [+]
Current Account to GDP -0.10 -1.20 5.17 -10.08 percent [+]
Exports 1814892.00 1822450.00 2603522.00 66062.00 USD Thousand [+]
Imports 1697988.00 1810276.00 2592365.00 117453.00 USD Thousand [+]
Capital Flows 1007.15 4671.98 4671.98 -5561.90 USD Million [+]
Remittances 677.44 721.17 891.95 238.55 USD Million [+]
Gold Reserves 21.93 21.93 26.30 6.37 Tonnes [+]
Crude Oil Production 510.65 508.29 562.82 0.00 BBL/D/1K [+]
Foreign Direct Investment 90.84 238.88 788.09 -286.05 USD Million [+]
Terrorism Index 2.61 2.46 3.02 0.58 [+]

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.