Markets Actual Q1 Q2 Q3 Q4 2020
Stock Market (points) 1412.95 1399 1393 1387 1381 1369
Currency 96.05 96.06 96.48 96.91 97.33 97.33
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.90 -0.6 0.6 0.9 0.7 0.8
GDP Annual Growth Rate (%) 1.40 1.4 0.8 1 1.2 1.3
Unemployment Rate (%) 4.80 4.6 5 4.7 5.2 5.4
Inflation Rate (%) 0.27 0.6 0.8 1 1.2 1.6
Interest Rate (%) 8.69 8.85 8.95 8.5 8.4 8.2
Balance of Trade (USD Thousand) -350285.00 120000 -110000 -120000 -1804000 -420000
Current Account (USD Million) -126.43 80 -100 -280 180 -150
Current Account to GDP (%) -0.20 -0.8 -0.8 -0.8 -0.8 0.8
Government Debt to GDP (%) 32.50 38.6 38.6 38.6 38.6 39
Government Budget (% of GDP) -5.90 -4.2 -4.2 -4.2 -4.2 -3.7
Business Confidence (Index Points) 1356.70 1375 1390 1410 1430 1535
Corporate Tax Rate (%) 22.00 22 22 22 22 22
Personal Income Tax Rate (%) 35.00 35 35 35 35 35
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.90 -0.6 0.6 0.9 0.7 0.8
GDP Annual Growth Rate (%) 1.40 1.4 0.8 1 1.2 1.3
GDP (USD Billion) 103.06 109 109 109 109 115
GDP Constant Prices (USD THO) 18064196.00 18030739 17991495 18027192 18062889 18297707
Gross Fixed Capital Formation (USD THO) 4298638.00 4329028 4306932 4315478 4324023 4380235
GDP per capita (USD) 5269.62 5100 5100 5100 5100 5250
GDP per capita PPP (USD) 10581.94 10850 10850 10850 10850 11000
GDP From Agriculture (USD Thousand) 1415931.00 1461143 1422535 1425357 1428180 1446746
GDP From Construction (USD Thousand) 1557646.00 1576238 1569687 1573222 1576338 1596830
GDP From Manufacturing (USD Thousand) 2087533.00 2096407 2090801 2094949 2099097 2126386
GDP From Mining (USD Thousand) 1638355.00 1613597 1619274 1654739 1658015 1679569
GDP From Public Administration (USD Thousand) 1202334.00 1177067 1218582 1214357 1216762 1232580
GDP From Services (USD Thousand) 1075591.00 1084393 1082584 1084732 1086880 1101009
GDP From Transport (USD Thousand) 1272790.00 1254190 1269954 1272474 1274994 1291568
GDP From Utilities (USD Thousand) 510846.00 527660 519884 520916 521947 528732
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 4.80 4.6 5 4.7 5.2 5.4
Wages (USD/Month) 437.44 455 461 465 455 475
Wages In Manufacturing (USD/Month) 437.00 453 440 442 460 470
Minimum Wages (USD/Month) 394.00 380 393 395 380 390
Employment Rate (%) 49.30 50 48 48.7 49 52
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 0.27 0.6 0.8 1 1.2 1.6
Consumer Price Index CPI (Index Points) 105.28 106 106 107 106 108
Producer Prices (Index Points) 102.34 102 102 102 103 104
Producer Prices Change (%) -1.10 -2.3 -1.4 -1.2 0.6 1.4
Inflation Rate Mom (%) 0.10 0.4 0.6 0.7 0.7 0.8
Food Inflation (%) -0.70 0.1 0.4 0.6 0.4 0.8
CPI Housing Utilities (Index Points) 115.56 115 116 116 117 119
CPI Transportation (Index Points) 107.53 107 106 108 108 110
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 8.69 8.85 8.95 8.5 8.4 8.2
Interbank Rate (%) 1.25 1.25 1.25 1.25 1.25 1.25
Deposit Interest Rate (%) 3.50 3.66 3.76 3.31 3.21 3.21
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (USD Thousand) -350285.00 120000 -110000 -120000 -1804000 -420000
Current Account (USD Million) -126.43 80 -100 -280 180 -150
Current Account to GDP (%) -0.20 -0.8 -0.8 -0.8 -0.8 0.8
Imports (USD Thousand) 2015794.00 1820000 1860000 1970000 2000000 2400000
Exports (USD Thousand) 1665509.00 1940000 1750000 1850000 196000 1980000
Remittances (USD Million) 768.07 850 845 855 870 920
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 32.50 38.6 38.6 38.6 38.6 39
Government Budget (% of GDP) -5.90 -4.2 -4.2 -4.2 -4.2 -3.7
Government Budget Value (USD Million) -466.91 -120 -235 0 -1060 -540
Government Spending (USD THO) 2775694.00 2745050 2799552 2803451 2809002 2845519
Military Expenditure (USD Million) 2413.24 2200 2200 2200 2200 2150
Taxes Actual Q1 Q2 Q3 Q4 2020
Corporate Tax Rate (%) 22.00 22 22 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 (%) 21.60 21.6 21.6 21.6 21.6 21.6
Social Security Rate For Employees (%) 9.45 9.45 9.45 9.45 9.45 9.45
Business Actual Q1 Q2 Q3 Q4 2020
Business Confidence (Index Points) 1356.70 1375 1390 1410 1430 1535
Leading Economic Index (%) 7.00 3.4 2.6 1.8 3 2
Manufacturing Production (%) 7.50 4 3.7 3.8 3.8 3.6
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Spending (USD THO) 11211919.00 11195883 11259577 11281917 11304258 11451213


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.