Wages In Manufacturing in Ecuador increased to 450 USD/Month in the second quarter of 2019 from 447 USD/Month in the first quarter of 2019. Wages In Manufacturing in Ecuador averaged 361.27 USD/Month from 2007 until 2019, reaching an all time high of 461 USD/Month in the third quarter of 2015 and a record low of 220 USD/Month in the first quarter of 2008. This page provides - Ecuador Wages In Manufacturing- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Remittances in Ecuador increased to 845.57 USD Million in the third quarter of 2019 from 809.61 USD Million in the second quarter of 2019. Remittances in Ecuador averaged 591.88 USD Million from 1999 until 2019, reaching an all time high of 891.95 USD Million in the fourth quarter of 2007 and a record low of 238.55 USD Million in the second quarter of 1999. In Ecuador, Remittances refers to inflows of migrants’ and short-term employee income transfers (personal remittances). This page provides - Ecuador Remittances - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Ecuador scored 38 points out of 100 on the 2019 Corruption Perceptions Index reported by Transparency International. Corruption Index in Ecuador averaged 27.21 Points from 1996 until 2019, reaching an all time high of 38 Points in 2019 and a record low of 20 Points in 2008. The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be. A country or territory’s score indicates the perceived level of public sector corruption on a scale of 0 (highly corrupt) to 100 (very clean). This page provides the latest reported value for - Ecuador Corruption Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Ecuador is the 93 least corrupt nation out of 175 countries, according to the 2019 Corruption Perceptions Index reported by Transparency International. Corruption Rank in Ecuador averaged 108.48 from 1996 until 2019, reaching an all time high of 151 in 2008 and a record low of 39 in 1996. The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be. A country or territory's rank indicates its position relative to the other countries and territories in the index. This page provides the latest reported value for - Ecuador Corruption Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Crude Oil Production in Ecuador decreased to 542 BBL/D/1K in December from 546 BBL/D/1K in November of 2019. Crude Oil Production in Ecuador averaged 470.69 BBL/D/1K from 1994 until 2019, reaching an all time high of 563 BBL/D/1K in November of 2014 and a record low of 329 BBL/D/1K in July of 1998. This page provides the latest reported value for - Ecuador Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Sales Tax Rate in Ecuador stands at 12 percent. Sales Tax Rate in Ecuador averaged 12.14 percent from 2006 until 2019, reaching an all time high of 14 percent in 2016 and a record low of 12 percent in 2007. In Ecuador, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services. The benchmark we use for the sales tax rate refers to the highest rate. Revenues from the Sales Tax Rate are an important source of income for the government of Ecuador. This page provides - Ecuador Sales Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Employment Rate in Ecuador increased to 48.02 percent in the fourth quarter of 2019 from 47.30 percent in the third quarter of 2019. Employment Rate in Ecuador averaged 51.16 percent from 2007 until 2019, reaching an all time high of 57.94 percent in the second quarter of 2014 and a record low of 46.54 percent in the first quarter of 2010. In Ecuador, the employment rate measures the number of people who have a job as a percentage of the labour force. This page provides - Ecuador Employment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Corporate Tax Rate in Ecuador stands at 25 percent. Corporate Tax Rate in Ecuador averaged 26.53 percent from 1997 until 2020, reaching an all time high of 36.25 percent in 1998 and a record low of 15 percent in 1999. In Ecuador, the Corporate Income tax rate is a tax collected from companies. Its amount is based on the net income companies obtain while exercising their business activity, normally during one business year. The benchmark we use refers to the highest rate for Corporate Income. Revenues from the Corporate Tax Rate are an important source of income for the government of Ecuador. This page provides - Ecuador Corporate Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Personal Income Tax Rate in Ecuador stands at 35 percent. Personal Income Tax Rate in Ecuador averaged 31.88 percent from 2003 until 2018, reaching an all time high of 35 percent in 2008 and a record low of 25 percent in 2004. In Ecuador, the Personal Income Tax Rate is a tax collected from individuals and is imposed on different sources of income like labour, pensions, interest and dividends. The benchmark we use refers to the Top Marginal Tax Rate for individuals. Revenues from the Personal Income Tax Rate are an important source of income for the government of Ecuador. This page provides - Ecuador Personal Income Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Social Security Rate For Companies in Ecuador stands at 12.15 percent. Social Security Rate For Companies in Ecuador averaged 12.05 percent from 2012 until 2019, reaching an all time high of 12.15 percent in 2013 and a record low of 11.35 percent in 2012. In Ecuador, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Ecuador because they help to pay for many social programs including welfare, health care and many other benefits. This page provides - Ecuador Social Security Rate For Companies - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Ecuador was worth 109 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. The GDP value of Ecuador represents 0.09 percent of the world economy. GDP in Ecuador averaged 30.64 USD Billion from 1960 until 2019, reaching an all time high of 109 USD Billion in 2019 and a record low of 1.52 USD Billion in 1962. The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. This page provides - Ecuador GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The total population in Ecuador was estimated at 17.3 million people in 2019, according to the latest census figures and projections from Trading Economics. Looking back, in the year of 1960, Ecuador had a population of 4.4 million people. The population of Ecuador represents 0.21 percent of the world´s total population which arguably means that one person in every 475 people on the planet is a resident of Ecuador. This page provides - Ecuador Population - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Producer Prices in Ecuador increased 2 percent in February of 2020 over the same month in the previous year. Producer Prices Change in Ecuador averaged 12.72 percent from 1999 until 2020, reaching an all time high of 155.94 percent in February of 2000 and a record low of -5.77 percent in September of 2009. Producer prices change refers to year over year change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period. This page provides - Ecuador Producer Prices Change- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The benchmark interest rate in Ecuador was last recorded at 8.81 percent. Interest Rate in Ecuador averaged 19.11 percent from 1970 until 2020, reaching an all time high of 72.60 percent in January of 2000 and a record low of 6.67 percent in May of 2018. In Ecuador, interest rate decisions are taken by the Central Bank of Ecuador´s Governing Council. The official interest rate is the Benchmark Lending Rate (Tasa Activa Referencial). This page provides the latest reported value for - Ecuador Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Consumer Confidence in Ecuador increased to 37.10 points in February from 37 points in January of 2020. Consumer Confidence in Ecuador averaged 40.29 points from 2010 until 2020, reaching an all time high of 49 points in December of 2013 and a record low of 26.90 points in May of 2016. In Ecuador, the consumer confidence index (ICC) is a weighted average of combination of responses to 6 questions. These questions measure the perception that households have about their economic situation, consumption of goods and services and country´s economic condition in the previous month and in the next three months. The index is based on a sample of 3800 households located in the cities of Quito, Guayaquil, Ambato, Cuenca and Machala. The ICC is measured on a scale of 0 to 100, where levels above 50 indicate optimism, 50 neutrality and below 50 pessimism. This page provides - Ecuador Consumer Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Unemployment Rate in Ecuador decreased to 4.90 percent in the fourth quarter of 2019 from 5.90 percent in the third quarter of 2019. Unemployment Rate in Ecuador averaged 7.19 percent from 2003 until 2019, reaching an all time high of 11.86 percent in the first quarter of 2004 and a record low of 4.54 percent in the fourth quarter of 2014. In Ecuador, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides the latest reported value for - Ecuador Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Labor Force Participation Rate in Ecuador decreased to 62.30 percent in the fourth quarter of 2019 from 64.60 percent in the third quarter of 2019. Labor Force Participation Rate in Ecuador averaged 64.48 percent from 2007 until 2019, reaching an all time high of 70.30 percent in the second quarter of 2007 and a record low of 61 percent in the fourth quarter of 2013. The labour force participation rate is the number of persons who are employed and unemployed but looking for a job divided by the total working-age population. This page provides - Ecuador Labor Force Participation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Foreign Exchange Reserves in Ecuador decreased to 1990.17 USD Million in March from 3400.37 USD Million in February of 2020. Foreign Exchange Reserves in Ecuador averaged 3047.43 USD Million from 1999 until 2020, reaching an all time high of 6689.23 USD Million in September of 2014 and a record low of 778.90 USD Million in March of 2000. In Ecuador, Foreign Exchange Reserves are the foreign assets held or controlled by the country central bank. The reserves are made of gold or a specific currency. They can also be special drawing rights and marketable securities denominated in foreign currencies like treasury bills, government bonds, corporate bonds and equities and foreign currency loans. This page provides - Ecuador Foreign Exchange Reserves - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Ecuador recorded a government budget deficit of 947.35 USD Million in February of 2020. Government Budget Value in Ecuador averaged -144.67 USD Million from 1999 until 2020, reaching an all time high of 1588.25 USD Million in October of 2017 and a record low of -1870.94 USD Million in December of 2017. The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. This page provides - Ecuador Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Government Revenues in Ecuador decreased to 840.17 USD Million in February from 1811.28 USD Million in January of 2020. Government Revenues in Ecuador averaged 1011.25 USD Million from 1999 until 2020, reaching an all time high of 3706.77 USD Million in October of 2017 and a record low of 183.80 USD Million in January of 2000. Government Revenues refer to all receipts the government gets, including taxes, custom duties, revenue from state-owned enterprises, capital revenues and foreign aid. Government Revenues are part of government budget balance calculation. This page provides - Ecuador Government Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Fiscal Expenditure in Ecuador increased to 1787.51 USD Million in February from 1058.53 USD Million in January of 2020. Fiscal Expenditure in Ecuador averaged 1153.12 USD Million from 1999 until 2020, reaching an all time high of 3819.10 USD Million in December of 2016 and a record low of 140.70 USD Million in January of 2000. Fiscal expenditure refers to the sum of government expenses, including spending on goods and services, investment and transfer payments like social security and unemployment benefits. Fiscal expenditure are part of government budget balance calculation. This page provides - Ecuador Fiscal Expenditure- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Ecuador recorded a trade surplus of 244098 USD Thousand in February of 2020. Balance of Trade in Ecuador averaged -24603.79 USD Thousand from 1985 until 2020, reaching an all time high of 619602 USD Thousand in May of 2008 and a record low of -729014 USD Thousand in December of 2014. Ecuador's economy is highly dependent on oil exports (58 percent of total exports). Other exports include: fish and shrimps and bananas. Main imports are: raw materials for industry (25 percent of total imports), capital goods for industry (19 percent), fuels and lubricants (17 percent) and consumption durables (13 percent). Ecuador´s main trading partner is the United States (45 percent of total exports and 27 percent of imports). Others include: Chile, China, Peru, Colombia and Panama. This page provides - Ecuador Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Exports in Ecuador decreased to 1810123 USD Thousand in February from 1921854 USD Thousand in January of 2020. Exports in Ecuador averaged 783919.15 USD Thousand from 1979 until 2020, reaching an all time high of 2603522 USD Thousand in May of 2014 and a record low of 66062 USD Thousand in March of 1987. Crude oil and related products accounts for 58 percent of Ecuador’s exports. The country is also major exporter of bananas (9 percent); fish and shrimps (11 percent) and coffee and cocoa (4 percent). Main export partners are: United States (45 percent of total exports), Chile (8.4 percent) and Peru (8 percent). Others include: Colombia, Venezuela and Russia. This page provides - Ecuador Exports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Imports in Ecuador decreased to 1566025 USD Thousand in February from 1893940 USD Thousand in January of 2020. Imports in Ecuador averaged 888644.53 USD Thousand from 1985 until 2020, reaching an all time high of 2592365 USD Thousand in October of 2014 and a record low of 117453 USD Thousand in March of 1985. Ecuador main imports are: raw materials (25 percent of total imports), capital goods (19 percent), fuels and lubricants (17 percent), consumption durables (13 percent) and transport equipment (9 percent). Main import partners are: United States (27 percent of total imports), China (11 percent), (Colombia 9 percent) and Panama (7 percent). Others include: Peru, Japan and Chile. This page provides - Ecuador Imports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Money Supply M2 in Ecuador decreased to 57895.02 USD Million in March from 58186.29 USD Million in February of 2020. Money Supply M2 in Ecuador averaged 32781.06 USD Million from 2007 until 2020, reaching an all time high of 58186.29 USD Million in February of 2020 and a record low of 11792.36 USD Million in January of 2007. Ecuador Money Supply M2 includes M1 plus short-term time deposits in banks. This page provides - Ecuador Money Supply M2 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Money Supply M1 in Ecuador increased to 26318.37 USD Million in March from 26136.85 USD Million in February of 2020. Money Supply M1 in Ecuador averaged 14874.68 USD Million from 2007 until 2020, reaching an all time high of 26318.37 USD Million in March of 2020 and a record low of 5916.73 USD Million in February of 2007. This page provides - Ecuador Money Supply M1 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Steel Production in Ecuador remained unchanged at 50 Thousand Tonnes in March from 50 Thousand Tonnes in February of 2020. Steel Production in Ecuador averaged 22.09 Thousand Tonnes from 1990 until 2020, reaching an all time high of 71 Thousand Tonnes in October of 2015 and a record low of 0 Thousand Tonnes in January of 1990. This page has Steel Production values for Ecuador.

Crude Oil Rigs in Ecuador decreased to 3 in April from 6 in March of 2020. Crude Oil Rigs in Ecuador averaged 9.79 from 1995 until 2020, reaching an all time high of 28 in July of 2013 and a record low of 1 in August of 1995. This page provides - Ecuador Crude Oil Rigs- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Business Confidence in Ecuador decreased to 1414.30 points in March from 1463.10 points in February of 2020. Business Confidence in Ecuador averaged 1038.75 points from 2009 until 2020, reaching an all time high of 1474.80 points in December of 2019 and a record low of 402.80 points in November of 2009. In Ecuador, the Business Confidence Index Índice de Confianza Empresarial (ICE) summarizes the business expectations about the economic situation of the company and the country in general. The Index is obtained by measuring the business confidence in the Industrial, Construction, Commercial and Services sectors. This page provides - Ecuador Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Ecuador recorded a Current Account surplus of 145.69 USD Million in the fourth quarter of 2019. Current Account in Ecuador averaged -52.31 USD Million from 1994 until 2019, reaching an all time high of 1548.23 USD Million in the second quarter of 2008 and a record low of -1398.86 USD Million in the fourth quarter of 2014. Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page provides - Ecuador Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Ecuador recorded a capital and financial account surplus of 310.63 USD Million in the fourth quarter of 2019. Capital Flows in Ecuador averaged -41.93 USD Million from 1994 until 2019, reaching an all time high of 2076.95 USD Million in the first quarter of 2013 and a record low of -5561.90 USD Million in the third quarter of 2000. In Ecuador, international capital flows are measured using the Capital and Financial Account Balance of the Balance of Payments. This page provides - Ecuador Capital Flows - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Foreign Direct Investment in Ecuador increased by 349.82 USD Million in the fourth quarter of 2019. Foreign Direct Investment in Ecuador averaged 166.84 USD Million from 2000 until 2019, reaching an all time high of 788.09 USD Million in the fourth quarter of 2015 and a record low of -286.05 USD Million in the fourth quarter of 2007. This page provides - Ecuador Foreign Direct Investment Net Inflows - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Consumer Credit in Ecuador increased to 27915 USD Million in February from 27621.20 USD Million in January of 2020. Consumer Credit in Ecuador averaged 13756.56 USD Million from 2007 until 2020, reaching an all time high of 27915 USD Million in February of 2020 and a record low of 4925.95 USD Million in January of 2007. This page provides - Ecuador Consumer Credit- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Ecuador contracted 0.10 percent in the third quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Ecuador averaged 3.64 percent from 2000 until 2019, 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. 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.

GDP Constant Prices in Ecuador decreased to 17900370 USD THO in the fourth quarter of 2019 from 18022042 USD THO in the third quarter of 2019. GDP Constant Prices in Ecuador averaged 14204608.85 USD THO from 2000 until 2019, reaching an all time high of 18083933 USD THO in the fourth quarter of 2018 and a record low of 9134587 USD THO in the first quarter of 2000. This page provides - Ecuador GDP Constant Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Gdp Deflator in Ecuador increased to 149.82 points in the fourth quarter of 2019 from 149.39 points in the third quarter of 2019. Gdp Deflator in Ecuador averaged 112.75 points from 2000 until 2019, reaching an all time high of 150.47 points in the fourth quarter of 2018 and a record low of 41.81 points in the first quarter of 2000. This page provides - Ecuador Gdp Deflator- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Agriculture in Ecuador increased to 1391576 USD Thousand in the fourth quarter of 2019 from 1369858 USD Thousand in the third quarter of 2019. GDP From Agriculture in Ecuador averaged 1115720.80 USD Thousand from 2000 until 2019, reaching an all time high of 1426246 USD Thousand in the fourth quarter of 2017 and a record low of 787431 USD Thousand in the first quarter of 2000. This page provides - Ecuador Gdp From Agriculture- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Construction in Ecuador decreased to 1451078 USD Thousand in the fourth quarter of 2019 from 1477438 USD Thousand in the third quarter of 2019. GDP From Construction in Ecuador averaged 1214076.61 USD Thousand from 2000 until 2019, reaching an all time high of 1775774 USD Thousand in the third quarter of 2014 and a record low of 499868 USD Thousand in the first quarter of 2000. This page provides - Ecuador Gdp From Construction- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Manufacturing in Ecuador decreased to 2106138 USD Thousand in the fourth quarter of 2019 from 2141289 USD Thousand in the third quarter of 2019. GDP From Manufacturing in Ecuador averaged 1682031.24 USD Thousand from 2000 until 2019, reaching an all time high of 2141289 USD Thousand in the third quarter of 2019 and a record low of 1094728 USD Thousand in the first quarter of 2000. This page provides - Ecuador Gdp From Manufacturing- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Mining in Ecuador decreased to 1582924 USD Thousand in the fourth quarter of 2019 from 1640124 USD Thousand in the third quarter of 2019. GDP From Mining in Ecuador averaged 1461274.98 USD Thousand from 2000 until 2019, reaching an all time high of 1737371 USD Thousand in the fourth quarter of 2014 and a record low of 880806 USD Thousand in the second quarter of 2003. This page provides - Ecuador Gdp From Oil and Mining- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Public Administration in Ecuador increased to 1112360 USD Thousand in the fourth quarter of 2019 from 1082076 USD Thousand in the third quarter of 2019. GDP From Public Administration in Ecuador averaged 853205.99 USD Thousand from 2000 until 2019, reaching an all time high of 1189560 USD Thousand in the fourth quarter of 2017 and a record low of 535146 USD Thousand in the first quarter of 2000. This page provides - Ecuador Gdp From Public Administration- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Services in Ecuador decreased to 1128250 USD Thousand in the fourth quarter of 2019 from 1129964 USD Thousand in the third quarter of 2019. GDP From Services in Ecuador averaged 1036813.60 USD Thousand from 2000 until 2019, reaching an all time high of 1180118 USD Thousand in the first quarter of 2015 and a record low of 863720 USD Thousand in the third quarter of 2001. This page provides - Ecuador Gdp From Services- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Transport in Ecuador decreased to 1321370 USD Thousand in the fourth quarter of 2019 from 1341695 USD Thousand in the third quarter of 2019. GDP From Transport in Ecuador averaged 961883.83 USD Thousand from 2000 until 2019, reaching an all time high of 1341695 USD Thousand in the third quarter of 2019 and a record low of 666729 USD Thousand in the second quarter of 2000. This page provides - Ecuador Gdp From Transport- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Utilities in Ecuador increased to 575251 USD Thousand in the fourth quarter of 2019 from 543705 USD Thousand in the third quarter of 2019. GDP From Utilities in Ecuador averaged 276845.43 USD Thousand from 2000 until 2019, reaching an all time high of 575251 USD Thousand in the fourth quarter of 2019 and a record low of 121724 USD Thousand in the first quarter of 2004. This page provides - Ecuador Gdp From Electricity and Water Supply- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Ecuador contracted 0.68 percent in the fourth quarter of 2019 over the previous quarter. GDP Growth Rate in Ecuador averaged 0.86 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. 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. This page provides - Ecuador GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Government Spending in Ecuador increased to 2680558 USD THO in the fourth quarter of 2019 from 2674425 USD THO in the third quarter of 2019. Government Spending in Ecuador averaged 1384930.09 USD THO from 1990 until 2019, reaching an all time high of 2844942 USD THO in the fourth quarter of 2018 and a record low of 368888 USD THO in the third quarter of 1999. Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth. This page provides - Ecuador Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Gross Fixed Capital Formation in Ecuador decreased to 4092784 USD THO in the fourth quarter of 2019 from 4160394 USD THO in the third quarter of 2019. Gross Fixed Capital Formation in Ecuador averaged 3225848.34 USD THO from 2000 until 2019, reaching an all time high of 4792365 USD THO in the fourth quarter of 2014 and a record low of 1324528 USD THO in the first quarter of 2000. This page provides - Ecuador Gross Fixed Capital Formation - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Consumer Spending in Ecuador decreased to 11349390 USD THO in the fourth quarter of 2019 from 11355209 USD THO in the third quarter of 2019. Consumer Spending in Ecuador averaged 6757406.74 USD THO from 1990 until 2019, reaching an all time high of 11355209 USD THO in the third quarter of 2019 and a record low of 2059948 USD THO in the first quarter of 1990. This page provides - Ecuador Consumer Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Leading Economic Index Ecuador increased 7 percent in October of 2018 over the same month in the previous year. Leading Economic Index in Ecuador averaged 7.11 percent from 2003 until 2018, reaching an all time high of 110.99 percent in February of 2003 and a record low of -34.40 percent in January of 2009. In Ecuador, the IAE - Índice de Actividad Económica - estimates the activity of the different economic sectors of the economy in a given month, using the value of sales and comparing it with the base year. This page provides - Ecuador Leading Economic Index- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Loans to Private Sector in Ecuador increased to 16958.90 USD Million in February from 16956 USD Million in January of 2020. Loans to Private Sector in Ecuador averaged 10929.75 USD Million from 2007 until 2020, reaching an all time high of 17156.30 USD Million in December of 2019 and a record low of 5187.12 USD Million in February of 2007. This page provides - Ecuador Loans to Private Sector - actual values, historical data, forecast, chart, statistics, economic calendar and news.