The economy of Ecuador advanced 0.9 percent year-on-year in the second quarter of 2017, compared to a downwardly revised 1.6 percent rise in the previous period. It was the slowest expansion since the fourth quarter of 2016, as output grew at a slower pace for: wholesale and retail trade (3.3 percent vs 4.9 percent in Q1); hotels and restaurants (3.6 percent vs 9.4 percent); financial services (2.5 percent vs 2.7 percent); manufacturing (0.7 percent vs 1.0 percent); utilities (6.5 percent vs 7.9 percent) and agriculture (1.4 percent vs 5.0 percent). In addition, a contraction was seen in mining and quarrying (-3.8 percent vs -3.1 percent), namely oil refining (-36.2 percent vs 7.7 percent). Quarter-on-quarter, the GDP increased 0.4 percent, after an upwardly revised 1.0 percent contraction in the first quarter of 2018. GDP Annual Growth Rate in Ecuador averaged 3.81 percent from 2000 until 2018, 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.

GDP Annual Growth Rate in Ecuador is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Ecuador to stand at 1.30 in 12 months time. In the long-term, the Ecuador GDP Annual Growth Rate is projected to trend around 1.30 percent in 2020, according to our econometric models.

Ecuador GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2013-08-06 12:00 AM GDP Growth Rate YoY 3.5% 4.8%(R) 4.15%
2013-11-01 10:00 PM GDP Growth Rate YoY 3.5% 3.5% 3.2%


Ecuador GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.40 -1.00 3.40 -1.90 percent [+]
GDP Annual Growth Rate 0.90 1.60 10.20 -3.40 percent [+]
GDP 103.06 98.61 103.06 0.96 USD Billion [+]
GDP Constant Prices 17848705.00 17781794.00 17952383.00 9134587.00 USD THO [+]
Gross Fixed Capital Formation 4272750.00 4269258.00 4792365.00 1324528.00 USD THO [+]
GDP per capita 5269.62 5191.10 5428.71 2215.09 USD [+]
GDP per capita PPP 10581.94 10424.26 10901.42 7387.62 USD [+]
GDP From Agriculture 1411245.00 1440969.00 1440969.00 787431.00 USD Thousand [+]
GDP From Construction 1557230.00 1554542.00 1775774.00 499868.00 USD Thousand [+]
GDP From Manufacturing 2074207.00 2067463.00 2086730.00 1094728.00 USD Thousand [+]
GDP From Mining 1606569.00 1591023.00 1737371.00 880806.00 USD Thousand [+]
GDP From Public Administration 1207271.00 1157538.00 1207271.00 535146.00 USD Thousand [+]
GDP From Services 1073992.00 1069421.00 1180118.00 863720.00 USD Thousand [+]
GDP From Transport 1259875.00 1236874.00 1259875.00 666729.00 USD Thousand [+]
GDP From Utilities 515758.00 520375.00 520375.00 121724.00 USD Thousand [+]


Ecuador GDP Annual Growth Rate

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. Ecuador GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.90 1.60 10.20 -3.40 2000 - 2018 percent Quarterly




Country Last Previous
India 7.10 Sep/18
China 6.50 Sep/18
Indonesia 5.17 Sep/18
United States 3.00 Sep/18
Australia 2.80 Sep/18
Mexico 2.50 Sep/18
Spain 2.50 Sep/18
Netherlands 2.40 Sep/18
Switzerland 2.40 Sep/18
Singapore 2.20 Sep/18
South Korea 2.00 Sep/18
Canada 1.90 Jun/18
Saudi Arabia 1.61 Jun/18
Euro Area 1.60 Sep/18
Turkey 1.60 Sep/18
United Kingdom 1.50 Sep/18
France 1.40 Sep/18
Brazil 1.30 Sep/18
Russia 1.30 Sep/18
Germany 1.10 Sep/18
South Africa 1.10 Sep/18
Italy 0.70 Sep/18
Japan 0.00 Sep/18
Argentina -4.20 Jun/18


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