The Gross Domestic Product (GDP) in Ecuador contracted 1 percent in the first quarter of 2019 over the previous quarter. GDP Growth Rate in Ecuador averaged 0.90 percent from 2000 until 2019, reaching an all time high of 3.40 percent in the fourth quarter of 2003 and a record low of -1.90 percent in the second quarter of 2003.
GDP Growth Rate in Ecuador is expected to be -0.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Ecuador to stand at 0.50 in 12 months time. In the long-term, the Ecuador GDP Growth Rate is projected to trend around 0.80 percent in 2020, according to our econometric models.