The economy of Ecuador grew 0.8 percent year-on-year in the fourth quarter of 2018, easing from an upwardly revised 1.5 percent expansion in the previous period. It was the weakest growth rate since the last quarter of 2016, mainly due to a contraction in petroleum refining (-6 percent vs 0.5 percent in Q3); construction (-0.5 percent vs 1.2 percent); and utilities (-3.1 percent vs 3.4 percent). Also, output growth slowed in agriculture (1.3 percent vs 1.9 percent); shrimp fishery (5.8 percent vs 7.4 percent); trade (1.2 percent vs 2.8 percent); food & accommodation services (0.1 percent vs 3.2 percent); and professional activities (1 percent vs 1.3 percent). Additionally, manufacturing activities showed no growth, after expanding 0.8 percent in the third quarter of the year. GDP Annual Growth Rate in Ecuador averaged 3.80 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 0.80 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 0.30 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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Ecuador GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.10 0.80 3.40 -1.90 percent [+]
GDP Annual Growth Rate 0.80 1.50 10.20 -3.40 percent [+]
GDP 103.06 98.61 103.06 0.96 USD Billion [+]
GDP Constant Prices 18094508.00 18081724.00 18094508.00 9134587.00 USD THO [+]
Gross Fixed Capital Formation 4253752.00 4297545.00 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 1445226.00 1429064.00 1454282.00 787431.00 USD Thousand [+]
GDP From Construction 1528930.00 1557451.00 1775774.00 499868.00 USD Thousand [+]
GDP From Manufacturing 2087212.00 2088070.00 2088070.00 1094728.00 USD Thousand [+]
GDP From Mining 1619904.00 1639536.00 1737371.00 880806.00 USD Thousand [+]
GDP From Public Administration 1232014.00 1201004.00 1232014.00 535146.00 USD Thousand [+]
GDP From Services 1087451.00 1077151.00 1180118.00 863720.00 USD Thousand [+]
GDP From Transport 1291519.00 1273810.00 1291519.00 666729.00 USD Thousand [+]
GDP From Utilities 497579.00 509972.00 519018.00 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 June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.80 1.50 10.20 -3.40 2000 - 2018 percent Quarterly




Country Last Previous
China 6.40 Mar/19
India 5.80 Mar/19
Indonesia 5.07 Mar/19
Saudi Arabia 3.60 Dec/18
United States 3.20 Mar/19
Spain 2.40 Mar/19
Australia 1.80 Mar/19
United Kingdom 1.80 Mar/19
Netherlands 1.70 Mar/19
South Korea 1.70 Mar/19
Switzerland 1.70 Mar/19
Canada 1.30 Mar/19
Euro Area 1.20 Mar/19
France 1.20 Mar/19
Mexico 1.20 Mar/19
Singapore 1.20 Mar/19
Japan 0.90 Mar/19
Germany 0.70 Mar/19
Brazil 0.50 Mar/19
Russia 0.50 Mar/19
South Africa 0.00 Mar/19
Italy -0.10 Mar/19
Turkey -2.60 Mar/19
Argentina -5.80 Mar/19


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