Ecuador recorded a Current Account surplus of 2.90 percent of the country's Gross Domestic Product in 2021. source: Banco Central del Ecuador

Current Account to GDP in Ecuador averaged -1.74 percent of GDP from 1980 until 2021, reaching an all time high of 5.17 percent of GDP in 2000 and a record low of -10.08 percent of GDP 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 2022.

Current Account to GDP in Ecuador is expected to reach 0.50 percent of GDP by the end of 2022, 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 -0.20 percent of GDP in 2023, according to our econometric models.

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Ecuador Current Account to GDP



Related Last Previous Unit Reference
Balance of Trade 21969.00 77610.00 USD Thousand Jul 2022
Current Account 808.05 726.90 USD Million Mar 2022
Current Account to GDP 2.90 2.70 percent of GDP Dec 2021
Imports 2700072.00 2970055.00 USD Thousand Jul 2022
Exports 2722041.00 3047666.00 USD Thousand Jul 2022
Capital Flows 764.99 903.11 USD Million Mar 2022
Remittances 1103.60 1209.50 USD Million Mar 2022
Foreign Direct Investment 138.32 104.60 USD Million Mar 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
2.90 2.70 5.17 -10.08 1980 - 2021 percent of GDP Yearly