The Gross Domestic Product (GDP) in Ecuador contracted 9.97 percent in the second quarter of 2020 over the previous quarter.

GDP Growth Rate in Ecuador averaged 0.69 percent from 2000 until 2020, reaching an all time high of 3.36 percent in the fourth quarter of 2003 and a record low of -9.97 percent in the second quarter of 2020. This page provides - Ecuador GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Ecuador GDP Growth Rate - values, historical data and charts - was last updated on October of 2020. source: Banco Central del Ecuador

GDP Growth Rate in Ecuador is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Ecuador to stand at 0.30 in 12 months time. In the long-term, the Ecuador GDP Growth Rate is projected to trend around 0.60 percent in 2021 and 0.80 percent in 2022, according to our econometric models.

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Ecuador GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-9.97 -2.11 3.36 -9.97 2000 - 2020 percent Quarterly

Ecuador GDP Last Previous Highest Lowest Unit
GDP Growth Rate -9.97 -2.11 3.36 -9.97 percent [+]
GDP Annual Growth Rate -2.40 -1.00 10.20 -3.40 percent [+]
GDP 107.44 107.56 107.56 1.52 USD Billion [+]
GDP Constant Prices 15789815.00 17523048.00 18083933.00 9134587.00 USD THO [+]
Gross Fixed Capital Formation 3362686.00 3893779.00 4792365.00 1324528.00 USD THO [+]
GDP per capita 5097.07 5180.60 5412.13 2238.01 USD [+]
GDP per capita PPP 11375.33 11561.75 12078.47 8176.34 USD [+]
GDP From Agriculture 1371526.00 1413900.00 1426246.00 787431.00 USD Thousand [+]
GDP From Construction 1282765.00 1370957.00 1775774.00 499868.00 USD Thousand [+]
GDP From Manufacturing 1922915.00 2111574.00 2141289.00 1094728.00 USD Thousand [+]
GDP From Mining 1148217.00 1620768.00 1737371.00 880806.00 USD Thousand [+]
GDP From Public Administration 1016417.00 1078521.00 1189560.00 535146.00 USD Thousand [+]
GDP From Services 1075206.00 1096055.00 1180118.00 863720.00 USD Thousand [+]
GDP From Transport 935509.00 1236182.00 1341695.00 666729.00 USD Thousand [+]
GDP From Utilities 557464.00 580301.00 580301.00 121724.00 USD Thousand [+]


Ecuador GDP Growth Rate
Ecuador is the ninth largest economy in Latin America. The economy is highly dependent on oil exports. Shipments of oil account for 58 percent of total exports and for almost two fifths of government revenue.