Markets Actual Q2 Q3 Q4 Q1 2022
Stock Market (points) 1339.52 1322 1304 1287 1270 1236
Currency 90.17 96.06 96.48 96.91 97.33 97.33

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 0.57 0.5 0.3 0.6 0.6 0.6
GDP Annual Growth Rate (%) -7.20 11 9 3 1.2 1.5
Unemployment Rate (%) 6.10 7.4 6.6 6.1 5.8 5.5
Inflation Rate (%) -1.47 0.3 0.5 0.7 1 1.2
Interest Rate (%) 9.33 7.5 7.5 7.5 8 8.5
Balance of Trade (USD Thousand) 43552.00 -420000 180000 -420000 -420000 -420000
Current Account (USD Million) 765.79 -150 -150 -50 -50 -50
Current Account to GDP (%) 2.60 -1.5 -1.5 1.6 1.6 -1.2
Government Debt to GDP (%) 68.90 65 65 65 61 61
Government Budget (% of GDP) -8.90 -3.1 -3.1 -3.1 -2.5 -2.5
Business Confidence (points) 1465.00 1420 1420 1460 1473 1460
Consumer Confidence (points) 31.19 32 34 36 38 38.6
Corporate Tax Rate (%) 25.00 22 25 22 22 22
Personal Income Tax Rate (%) 35.00 35 35 35 35 35

GDP Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) 0.57 0.5 0.3 0.6 0.6 0.6
GDP Annual Growth Rate (%) -7.20 11 9 3 1.2 1.5
GDP (USD Billion) 107.44 102 102 102 102 106
GDP Constant Prices (USD THO) 16532359.00 17437717 17918694 17028330 16730747 17283755
Gross Fixed Capital Formation (USD THO) 3643982.00 3737863 3897786 3753301 3687710 3809601
GDP per capita (USD) 5097.07 5000 5000 5000 5000 5150
GDP per capita PPP (USD) 11375.33 11200 11200 11200 11200 11300
GDP From Agriculture (USD Thousand) 1351482.00 1514703 1476293 1392026 1367700 1412907
GDP From Construction (USD Thousand) 1282859.00 1406279 1402772 1321345 1298253 1341165
GDP From Manufacturing (USD Thousand) 1933172.00 2095632 2096541 1991167 1956370 2021035
GDP From Mining (USD Thousand) 1531898.00 1313560 1690747 1577855 1550281 1601523
GDP From Public Administration (USD Thousand) 1103355.00 1206943 1181805 1136456 1116595 1153502
GDP From Services (USD Thousand) 1025098.00 1200053 1193358 1055851 1037399 1071689
GDP From Transport (USD Thousand) 1177581.00 1076272 1233843 1212908 1191712 1231102
GDP From Utilities (USD Thousand) 516231.00 622264 617222 531718 522426 539694

Labour Actual Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 6.10 7.4 6.6 6.1 5.8 5.5
Wages (USD/Month) 466.63 475 475 475 475 480
Population (Million) 17.56 17.5 17.5 17.74 17.74 17.98
Employment Rate (%) 37.40 44 46 47.4 47.4 47.4
Labor Force Participation Rate (%) 61.80 62.1 62.3 62.8 62.8 62.8
Minimum Wages (USD/Month) 400.00 405 405 415 415 415
Wages In Manufacturing (USD/Month) 450.00 470 470 470 470 470

Prices Actual Q2 Q3 Q4 Q1 2022
Inflation Rate (%) -1.47 0.3 0.5 0.7 1 1.2
Consumer Price Index CPI (points) 104.99 106 105 105 106 106
Producer Prices (points) 101.68 104 103 106 106 106
CPI Housing Utilities (points) 116.30 117 117 117 117 118
CPI Transportation (points) 108.64 107 106 107 108 108
Inflation Rate Mom (%) 0.35 0.2 0.1 0.4 0.4 0.4
Food Inflation (%) -4.35 0.6 0.6 0.8 1.4 0.9
Producer Prices Change (%) -1.64 -0.3 0.1 0.5 0.5 1

Money Actual Q2 Q3 Q4 Q1 2022
Interest Rate (%) 9.33 7.5 7.5 7.5 8 8.5
Interbank Rate (%) 1.00 1.25 1.25 1.25 1.25 1.25
Deposit Interest Rate (%) 4.78 2.88 2.88 1.18 2.88 3.38

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (USD Thousand) 43552.00 -420000 180000 -420000 -420000 -420000
Current Account (USD Million) 765.79 -150 -150 -50 -50 -50
Current Account to GDP (%) 2.60 -1.5 -1.5 1.6 1.6 -1.2
Exports (USD Thousand) 2092603.00 1710000 1750000 1780000 1780000 1780000
Imports (USD Thousand) 2049051.00 1600000 1700000 1850000 1850000 1850000
Remittances (USD Million) 986.20 920 920 980 980 980
Crude Oil Production (BBL/D/1K) 509.00 710 710 750 750 700

Government Actual Q2 Q3 Q4 Q1 2022
Government Debt to GDP (%) 68.90 65 65 65 61 61
Government Budget (% of GDP) -8.90 -3.1 -3.1 -3.1 -2.5 -2.5
Government Budget Value (USD Million) -577.43 -540 -1440 -540 -540 -540
Government Spending (USD THO) 2538849.00 2742367 2745687 2615014 2569315 2654240
Government Revenues (USD Million) 1618.34 1760 1760 1860 1860 1860
Fiscal Expenditure (USD Million) 2195.77 3200 3200 3000 3000 3000
Military Expenditure (USD Million) 2459.00 2500 2500 2500 2300 2300

Taxes Actual Q2 Q3 Q4 Q1 2022
Corporate Tax Rate (%) 25.00 22 25 22 22 22
Personal Income Tax Rate (%) 35.00 35 35 35 35 35
Sales Tax Rate (%) 12.00 12 12 12 12 12
Social Security Rate (%) 20.60 21.6 20.6 20.6 20.6 20.6
Social Security Rate For Companies (%) 11.15 12.15 11.15 11.15 11.15 11.15
Social Security Rate For Employees (%) 9.45 9.45 9.45 9.45 9.45 9.45

Business Actual Q2 Q3 Q4 Q1 2022
Business Confidence (points) 1465.00 1420 1420 1460 1473 1460
Leading Economic Index (%) -2.10 10.5 4.5 1.5 1.5 1.3
Manufacturing Production (%) 30.32 15 18 12 5 4.3

Consumer Actual Q2 Q3 Q4 Q1 2022
Consumer Confidence (points) 31.19 32 34 36 38 38.6
Consumer Spending (USD THO) 10385181.00 10997614 11099992 10696736 10509803 10857187
Consumer Credit (USD Million) 28256.70 30322 29844 28921 28416 29355


This page has economic forecasts for Ecuador including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Ecuador economy.