The Gross Domestic Product (GDP) in Ecuador expanded 0.14 percent in the third quarter of 2019 over the previous quarter. GDP Growth Rate in Ecuador averaged 0.88 percent from 2000 until 2019, reaching an all time high of 3.36 percent in the fourth quarter of 2003 and a record low of -1.91 percent in the second quarter of 2003. source: Banco Central del Ecuador

GDP Growth Rate in Ecuador is expected to be 0.40 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 0.80 percent in 2020, according to our econometric models.

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Ecuador GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.14 0.43 3.36 -1.91 2000 - 2019 percent Quarterly


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.

Ecuador GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.14 0.43 3.36 -1.91 percent [+]
GDP Annual Growth Rate -0.10 0.60 10.20 -3.40 percent [+]
GDP 108.40 104.30 108.40 1.52 USD Billion [+]
GDP Constant Prices 18069876.00 17988418.00 18094508.00 9134587.00 USD THO [+]
Gross Fixed Capital Formation 4186220.00 4206881.00 4792365.00 1324528.00 USD THO [+]
GDP per capita 5185.09 5205.76 5412.13 2238.01 USD [+]
GDP per capita PPP 10412.20 10453.71 10868.12 7357.02 USD [+]
GDP From Agriculture 1381112.00 1459140.00 1473055.00 787431.00 USD Thousand [+]
GDP From Construction 1476812.00 1499378.00 1775774.00 499868.00 USD Thousand [+]
GDP From Manufacturing 2131832.00 2113227.00 2131832.00 1094728.00 USD Thousand [+]
GDP From Mining 1645342.00 1644709.00 1737371.00 880806.00 USD Thousand [+]
GDP From Public Administration 1094619.00 1149090.00 1232014.00 535146.00 USD Thousand [+]
GDP From Services 1145946.00 1085190.00 1180118.00 863720.00 USD Thousand [+]
GDP From Transport 1321053.00 1268151.00 1321053.00 666729.00 USD Thousand [+]
GDP From Utilities 521866.00 553980.00 553980.00 121724.00 USD Thousand [+]