Markets Actual Q4 Q1 Q2 Q3 2022
Stock Market (points) 1191.02 1199 1186 1173 1160 1135
Currency 95.88 96.06 96.48 96.91 97.33 97.33

Overview Actual Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) 2.10 0.6 1.2 0.8 0.7 1
GDP Annual Growth Rate (%) 8.40 7 4.2 1.8 2 1.5
Unemployment Rate (%) 6.60 6.1 5.8 5.8 5.6 5.5
Inflation Rate (%) 1.47 2.2 2.4 2.5 2.5 2.5
Interest Rate (%) 9.33 9.5 9.5 9.5 9.5 9.5
Balance of Trade (USD Thousand) -45113.90 -420000 -420000 -720000 -820000 -1220000
Current Account (USD Million) 1156.02 -50 -50 -50 -50 -50
Current Account to GDP (% of GDP) 2.60 1.2 0.5 0.5 0.5 0.5
Government Debt to GDP (% of GDP) 68.90 65 61 61 61 61
Government Budget (% of GDP) -8.90 -3.1 -2.5 -2.5 -2.5 -2.5
Business Confidence (points) 1506.30 1460 1473 1473 1473 1460
Consumer Confidence (points) 36.00 36 36 37.4 37.4 38.6
Corporate Tax Rate (%) 25.00 22 22 22 22 22
Personal Income Tax Rate (%) 35.00 35 35 35 35 35

GDP Actual Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) 2.10 0.6 1.2 0.8 0.7 1
GDP Annual Growth Rate (%) 8.40 7 4.2 1.8 2 1.5
GDP (USD Billion) 98.81 102 102 102 102 106
GDP Constant Prices (USD THO) 17025200.00 18790839 17343828 17331654 17365704 17954968
Gross Fixed Capital Formation (USD THO) 3686960.00 4417449 3902849 3753325 3760699 3957547
GDP per capita (USD) 5317.68 4800 4950 4950 4950 4950
GDP per capita PPP (USD) 10329.20 10700 10850 10850 10850 10850
GDP From Agriculture (USD Thousand) 1363531.00 1500843 1439208 1388075 1390802 1467777
GDP From Construction (USD Thousand) 1261016.00 1587768 1318433 1283714 1286236 1393249
GDP From Manufacturing (USD Thousand) 2044864.00 2167534 2062452 2081672 2085761 2099521
GDP From Mining (USD Thousand) 1488345.00 1682243 1555072 1515135 1518112 1663718
GDP From Public Administration (USD Thousand) 1077436.00 1279426 1104686 1096830 1098985 1198299
GDP From Services (USD Thousand) 1050062.00 1129299 1078610 1068963 1071063 1113308
GDP From Transport (USD Thousand) 1182428.00 1341221 1222630 1203712 1206077 1278912
GDP From Utilities (USD Thousand) 561070.00 516727 578516 571169 572291 560653

Labour Actual Q4 Q1 Q2 Q3 2022
Unemployment Rate (%) 6.60 6.1 5.8 5.8 5.6 5.5
Wages (USD/Month) 466.63 475 475 475 475 480
Population (Million) 17.56 17.74 17.74 17.74 17.74 17.98
Labor Force Participation Rate (%) 63.00 63.2 63.5 63.9 64.5 64.8
Minimum Wages (USD/Month) 400.00 415 415 415 415 415
Employment Rate (%) 40.00 40.4 40.5 41.2 41.7 41.5
Wages In Manufacturing (USD/Month) 450.00 470 470 470 470 470

Prices Actual Q4 Q1 Q2 Q3 2022
Inflation Rate (%) 1.47 2.2 2.4 2.5 2.5 2.5
Consumer Price Index CPI (points) 105.80 110 107 108 108 109
Producer Prices (points) 104.76 106 105 105 107 109
Inflation Rate Mom (%) 0.21 0.3 0.2 0.2 0.1 0.3
Food Inflation (%) 0.97 -0.3 0.3 0.5 0.5 0.5
CPI Housing Utilities (points) 116.34 121 119 119 119 122
CPI Transportation (points) 113.69 112 114 114 115 115
Producer Prices Change (%) 2.26 2.8 2 3.5 2.5 3

Money Actual Q4 Q1 Q2 Q3 2022
Interest Rate (%) 9.33 9.5 9.5 9.5 9.5 9.5
Interbank Rate (%) 1.00 1.25 1.25 1.25 1.25 1.25
Deposit Interest Rate (%) 4.78 1.18 1.18 4.95 4.95 4.95

Trade Actual Q4 Q1 Q2 Q3 2022
Balance of Trade (USD Thousand) -45113.90 -420000 -420000 -720000 -820000 -1220000
Current Account (USD Million) 1156.02 -50 -50 -50 -50 -50
Current Account to GDP (% of GDP) 2.60 1.2 0.5 0.5 0.5 0.5
Exports (USD Thousand) 2219646.00 1780000 1780000 1780000 1780000 1780000
Imports (USD Thousand) 2264760.00 2600000 2200000 2500000 2600000 3000000
Remittances (USD Million) 1087.80 1200 1250 1300 1310 1350
Crude Oil Production (BBL/D/1K) 493.00 500 510 505 515 530
Foreign Direct Investment (USD Million) 115.11 450 275 250 200 475

Government Actual Q4 Q1 Q2 Q3 2022
Government Debt to GDP (% of GDP) 68.90 65 61 61 61 61
Government Budget (% of GDP) -8.90 -3.1 -2.5 -2.5 -2.5 -2.5
Government Budget Value (USD Million) 20.94 -540 960 360 660 -1340
Government Spending (USD THO) 2596697.00 2954119 2577843 2643438 2648631 2757317
Government Revenues (USD Million) 1865.41 1860 1860 1860 1860 1860
Fiscal Expenditure (USD Million) 1844.47 3100 900 1500 1200 3200
Military Expenditure (USD Million) 2244.00 2500 2300 2300 2300 2300

Taxes Actual Q4 Q1 Q2 Q3 2022
Corporate Tax Rate (%) 25.00 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 20.6 20.6 20.6 20.6
Social Security Rate For Companies (%) 12.15 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 Q4 Q1 Q2 Q3 2022
Business Confidence (points) 1506.30 1460 1473 1473 1473 1460
Leading Economic Index (%) 17.70 10 8.5 5.8 5.2 4.7
Manufacturing Production (%) 30.32 12 5 5 5 4.3
Steel Production (Thousand Tonnes) 50.00 53 53.2 53.6 54 54.2

Consumer Actual Q4 Q1 Q2 Q3 2022
Consumer Confidence (points) 36.00 36 36 37.4 37.4 38.6
Consumer Spending (USD THO) 10881809.00 11743755 11199940 11077682 11099445 11278826
Consumer Credit (USD Million) 29894.84 24526 29692 29523 30493 30495


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Ecuador Forecast - was last updated on Wednesday, December 1, 2021.