Ecuador recorded a Current Account surplus of 2.60 percent of the country's Gross Domestic Product in 2020. source: Banco Central del Ecuador

Current Account to GDP in Ecuador averaged -1.85 percent from 1980 until 2020, reaching an all time high of 5.17 percent in 2000 and a record low of -10.08 percent 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 July of 2021.

Current Account to GDP in Ecuador is expected to reach 1.60 percent by the end of 2021, 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 -1.20 percent in 2022, according to our econometric models.

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Ecuador Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
2.60 -0.10 5.17 -10.08 1980 - 2020 percent of GDP Yearly

Ecuador Trade Last Previous Highest Lowest Unit
Balance of Trade 333387.00 164298.00 619602.00 -729014.00 USD Thousand [+]
Current Account 726.80 765.79 1548.23 -1398.86 USD Million [+]
Current Account to GDP 2.60 -0.10 5.17 -10.08 percent of GDP [+]
Exports 2232300.00 2099305.00 2603522.00 66062.00 USD Thousand [+]
Imports 1898914.00 1935006.00 2592365.00 117453.00 USD Thousand [+]
Capital Flows 653.08 1007.15 4671.98 -5561.90 USD Million [+]
Remittances 986.20 953.00 986.20 238.55 USD Million [+]
Gold Reserves 21.93 21.93 26.30 6.37 Tonnes [+]
Crude Oil Production 502.00 502.00 562.82 0.00 BBL/D/1K [+]
Foreign Direct Investment 95.04 482.26 788.09 -286.05 USD Million [+]
Terrorism Index 2.61 2.46 3.02 0.58 [+]

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.