Ecuador recorded a Current Account deficit of 0.10 percent of the country's Gross Domestic Product in 2019.

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 October of 2020. source: Banco Central del Ecuador

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 368076.00 182692.00 619602.00 -729014.00 USD Thousand [+]
Current Account 254.95 395.39 1548.23 -1398.86 USD Million [+]
Current Account to GDP -0.10 -1.20 5.17 -10.08 percent [+]
Exports 1787468.00 1605320.00 2603522.00 66062.00 USD Thousand [+]
Imports 1419392.00 1422628.00 2592365.00 117453.00 USD Thousand [+]
Capital Flows 403.61 368.37 2076.95 -5561.90 USD Million [+]
Remittances 721.17 843.26 891.95 238.55 USD Million [+]
Gold Reserves 21.90 21.90 26.30 11.79 Tonnes [+]
Crude Oil Production 515.00 335.00 563.00 0.00 BBL/D/1K [+]
Foreign Direct Investment 202.50 318.79 788.09 -286.05 USD Million [+]
Terrorism Index 2.46 1.47 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.