The Gross Domestic Product (GDP) in Ecuador expanded 4.51 percent in the third quarter of 2020 over the previous quarter. source: Banco Central del Ecuador

GDP Growth Rate in Ecuador averaged 0.74 percent from 2000 until 2020, reaching an all time high of 4.51 percent in the third quarter of 2020 and a record low of -10.63 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 February of 2021.

GDP Growth Rate in Ecuador is expected to be 0.70 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 0.60 in 12 months time. In the long-term, the Ecuador GDP Growth Rate is projected to trend around 0.60 percent in 2022 and 0.80 percent in 2023, according to our econometric models.

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Ecuador GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
4.51 -10.63 4.51 -10.63 2000 - 2020 percent Quarterly

Ecuador GDP Last Previous Highest Lowest Unit
GDP Growth Rate 4.51 -10.63 4.51 -10.63 percent [+]
GDP Annual Growth Rate -8.80 -12.40 10.20 -12.40 percent [+]
GDP 107.44 107.56 107.56 1.52 USD Billion [+]
GDP Constant Prices 16487573.00 15776663.00 18083933.00 9134587.00 USD THO [+]
Gross Fixed Capital Formation 3575950.00 3367444.00 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 1354397.00 1364597.00 1426246.00 787431.00 USD Thousand [+]
GDP From Construction 1286947.00 1266918.00 1775774.00 499868.00 USD Thousand [+]
GDP From Manufacturing 1923432.00 1887957.00 2111869.00 1094728.00 USD Thousand [+]
GDP From Mining 1551144.00 1183387.00 1737371.00 880806.00 USD Thousand [+]
GDP From Public Administration 1084225.00 1087336.00 1189560.00 535146.00 USD Thousand [+]
GDP From Services 1094824.00 1081129.00 1180118.00 863720.00 USD Thousand [+]
GDP From Transport 1131966.00 969614.00 1332743.00 666729.00 USD Thousand [+]
GDP From Utilities 566259.00 560598.00 597618.00 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.