The economy of Ecuador advanced 0.6 percent year-on-year in the first quarter of 2019, easing from a 0.8 percent expansion in the previous period. It was the weakest growth rate since the third quarter of 2016, when the economy shrank 1 percent. The slowdown was mainly due to petroleum refining (-28.2 percent vs -6 percent in Q4); construction (-3.3 percent vs -0.5 percent); trade (-0.7 percent vs 1.2 percent); public administration (-1 percent vs 3.6 percent); domestic services (-3.7 percent vs -1.3 percent); transportation (0.6 percent vs 3.3 percent); communications (0.7 percent vs 2.1 percent); education, social services & health (1.4 percent vs 4.7 percent); and other services (1 percent vs 1.2 percent). On a quarterly basis, the economy contracted 1 percent, after growing 0.1 percent in the prior period. GDP Annual Growth Rate in Ecuador averaged 3.80 percent from 2000 until 2018, reaching an all time high of 10.20 percent in the second quarter of 2004 and a record low of -3.40 percent in the first quarter of 2016.

GDP Annual Growth Rate in Ecuador is expected to be 0.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Ecuador to stand at 0.30 in 12 months time. In the long-term, the Ecuador GDP Annual Growth Rate is projected to trend around 1.30 percent in 2020, according to our econometric models.

Ecuador GDP Annual Growth Rate
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Ecuador GDP Last Previous Highest Lowest Unit
GDP Growth Rate -1.00 0.10 3.40 -1.90 percent [+]
GDP Annual Growth Rate 0.60 0.80 10.20 -3.40 percent [+]
GDP 108.40 104.30 108.40 1.52 USD Billion [+]
GDP Constant Prices 17920543.00 18094508.00 18094508.00 9134587.00 USD THO [+]
Gross Fixed Capital Formation 4175198.00 4253752.00 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 1473784.00 1445226.00 1473784.00 787431.00 USD Thousand [+]
GDP From Construction 1503460.00 1528930.00 1775774.00 499868.00 USD Thousand [+]
GDP From Manufacturing 2091786.00 2087212.00 2091786.00 1094728.00 USD Thousand [+]
GDP From Mining 1624498.00 1619904.00 1737371.00 880806.00 USD Thousand [+]
GDP From Public Administration 1149093.00 1232014.00 1232014.00 535146.00 USD Thousand [+]
GDP From Services 1078919.00 1087451.00 1180118.00 863720.00 USD Thousand [+]
GDP From Transport 1243576.00 1291519.00 1291519.00 666729.00 USD Thousand [+]
GDP From Utilities 553584.00 497579.00 553584.00 121724.00 USD Thousand [+]


Ecuador GDP Annual Growth Rate

The biggest sector of Ecuador´s economy is services. Retail and wholesale trade, hotels and restaurants, transport, communication and warehousing, financial intermediation, professional, technical, administrative and household services, education and health and government services and goods account for 57 percent of the GDP. Manufacturing, mining and quarrying create 23 percent of the wealth and construction and water and electricity distribution 11 percent. Agriculture, forestry and fishing account for the remaining 9 percent of GDP. This page provides the latest reported value for - Ecuador GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Ecuador GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.60 0.80 10.20 -3.40 2000 - 2019 percent Quarterly




Country Last Previous
China 6.20 Jun/19
India 5.80 Mar/19
Indonesia 5.05 Jun/19
Spain 2.30 Jun/19
United States 2.30 Jun/19
South Korea 2.10 Jun/19
Netherlands 2.00 Jun/19
Australia 1.80 Mar/19
Saudi Arabia 1.70 Mar/19
Switzerland 1.70 Mar/19
Canada 1.30 Mar/19
France 1.30 Jun/19
Japan 1.20 Jun/19
United Kingdom 1.20 Jun/19
Euro Area 1.10 Jun/19
Russia 0.90 Jun/19
Brazil 0.50 Mar/19
Germany 0.40 Jun/19
Singapore 0.10 Jun/19
Italy 0.00 Jun/19
South Africa 0.00 Mar/19
Mexico -0.70 Jun/19
Turkey -2.60 Mar/19
Argentina -5.80 Mar/19


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