Markets Actual Q3 Q4 Q1 Q2 2020
Stock Market (points) 1330.67 1355 1349 1342 1336 1324
Currency 97.74 96.06 96.48 96.91 97.33 97.33
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) -1.00 0.9 0.7 0.7 0.5 0.8
GDP Annual Growth Rate (%) 0.60 0.5 0.1 0.3 0.2 0.3
Unemployment Rate (%) 5.60 5.8 5.8 5.6 5.4 5.6
Inflation Rate (%) 0.61 0.8 1.2 1.3 1.2 1.6
Interest Rate (%) 8.02 8.5 8.4 8.2 8.3 8.2
Balance of Trade (USD Thousand) -118312.00 -120000 -1804000 -1804000 -1804000 -420000
Current Account (USD Million) -261.64 -280 180 180 180 -150
Current Account to GDP (%) -1.20 0.5 0.5 1.8 1.8 1.8
Government Debt to GDP (%) 45.20 46 46 40 40 40
Government Budget (% of GDP) -3.00 -3.2 -3.2 -3.7 -3.7 -3.7
Business Confidence (Index Points) 1420.00 1410 1430 1420 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 Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) -1.00 0.9 0.7 0.7 0.5 0.8
GDP Annual Growth Rate (%) 0.60 0.5 0.1 0.3 0.2 0.3
GDP (USD Billion) 108.40 109 109 115 115 115
GDP Constant Prices (USD THO) 17920543.00 18244838 18311642 18365926 18148792 18549693
Gross Fixed Capital Formation (USD THO) 4175198.00 4341624 4304797 4317558 4266513 4360759
GDP per capita (USD) 5185.09 5200 5200 5300 5300 5300
GDP per capita PPP (USD) 10412.20 10850 10850 11000 11000 11000
GDP From Agriculture (USD Thousand) 1473784.00 1430090 1462569 1466904 1449562 1481582
GDP From Construction (USD Thousand) 1503460.00 1573222 1547277 1551864 1533517 1567392
GDP From Manufacturing (USD Thousand) 2091786.00 2108408 2112259 2118520 2093474 2139718
GDP From Mining (USD Thousand) 1624498.00 1654739 1639343 1644203 1624764 1660654
GDP From Public Administration (USD Thousand) 1149093.00 1214357 1246798 1250494 1235710 1263007
GDP From Services (USD Thousand) 1078919.00 1086347 1100500 1103763 1090713 1114807
GDP From Transport (USD Thousand) 1243576.00 1285518 1307017 1310892 1295394 1324008
GDP From Utilities (USD Thousand) 553584.00 515954 503550 505043 499072 510096
Labour Actual Q3 Q4 Q1 Q2 2020
Unemployment Rate (%) 5.60 5.8 5.8 5.6 5.4 5.6
Wages (USD/Month) 450.26 461 455 455 455 475
Wages In Manufacturing (USD/Month) 437.00 440 460 460 460 470
Minimum Wages (USD/Month) 394.00 394 394 405 405 405
Employment Rate (%) 47.00 47.2 47.4 47.6 47.6 47.6
Prices Actual Q3 Q4 Q1 Q2 2020
Inflation Rate (%) 0.61 0.8 1.2 1.3 1.2 1.6
Consumer Price Index CPI (Index Points) 105.45 106 107 107 107 108
Producer Prices (Index Points) 103.23 104 103 104 105 105
Producer Prices Change (%) 0.00 0.9 1.1 1.2 1.2 1.4
Inflation Rate Mom (%) -0.04 0.2 0.3 0.1 0.2 0.5
Food Inflation (%) 0.56 0.6 0.4 0.4 0.6 0.8
CPI Housing Utilities (Index Points) 115.95 116 117 117 117 119
CPI Transportation (Index Points) 108.94 108 109 110 109 111
Money Actual Q3 Q4 Q1 Q2 2020
Interest Rate (%) 8.02 8.5 8.4 8.2 8.3 8.2
Interbank Rate (%) 1.25 1.25 1.25 1.25 1.25 1.25
Deposit Interest Rate (%) 3.60 3.98 3.88 3.68 3.78 3.78
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (USD Thousand) -118312.00 -120000 -1804000 -1804000 -1804000 -420000
Current Account (USD Million) -261.64 -280 180 180 180 -150
Current Account to GDP (%) -1.20 0.5 0.5 1.8 1.8 1.8
Imports (USD Thousand) 2108350.00 1970000 2000000 2000000 2000000 2400000
Exports (USD Thousand) 1990038.00 1850000 196000 196000 196000 1980000
Government Actual Q3 Q4 Q1 Q2 2020
Government Debt to GDP (%) 45.20 46 46 40 40 40
Government Budget (% of GDP) -3.00 -3.2 -3.2 -3.7 -3.7 -3.7
Government Spending (USD THO) 2714094.00 2803451 2878784 2887318 2853182 2916208
Taxes Actual Q3 Q4 Q1 Q2 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 Q3 Q4 Q1 Q2 2020
Business Confidence (Index Points) 1420.00 1410 1430 1420 1430 1535
Leading Economic Index (%) -4.10 1.8 3 3.3 3.3 2
Manufacturing Production (%) 7.80 3.8 4 4.2 4 4.5
Consumer Actual Q3 Q4 Q1 Q2 2020
Consumer Spending (USD THO) 11149149.00 11324038 11444270 11478196 11342493 11593045


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.