Markets Actual Q2 Q3 Q4 Q1 2023
Stock Market (points) 1257.36 1197 1182 1167 1152 1123
Currency 104.49 105 106 107 108 110

Overview Actual Q2 Q3 Q4 Q1 2023
GDP Growth Rate (%) 0.73 0.5 0.6 0.9 0.6 0.5
GDP Annual Growth Rate (%) 4.90 1.8 2.2 3.8 3.1 2.5
Unemployment Rate (%) 6.60 5.1 4.9 4.5 4.3 4
Inflation Rate (%) 3.38 3.9 4.03 4.17 3.88 3
Interest Rate (%) 7.11 8 9 9.5 10 10
Balance of Trade (USD Thousand) 184845.00 -88794 -83749 -68816 -49847 0
Current Account (USD Million) 726.90 -50 -50 -50 -50 -50
Current Account to GDP (% of GDP) 2.60 0.5 0.5 0.5 0.5 -0.2
Government Debt to GDP (% of GDP) 68.90 61 61 61 61 61
Government Budget (% of GDP) -8.90 -2.5 -2.5 -2.5 -2.5 -2.3
Business Confidence (points) 1547.90 1550 1560 1560 1510 1500
Consumer Confidence (points) 35.60 35 35.5 36.3 37.1 40
Corporate Tax Rate (%) 25.00 22 22 22 22 22
Personal Income Tax Rate (%) 35.00 35 35 35 35 35

GDP Actual Q2 Q3 Q4 Q1 2023
GDP Growth Rate (%) 0.73 0.5 0.6 0.9 0.6 0.5
GDP Annual Growth Rate (%) 4.90 1.8 2.2 3.8 3.1 2.5
GDP (USD Billion) 98.81 102 102 106 106 106
GDP Constant Prices (USD THO) 17493339.00 17331654 17761388 18158086 18035633 18612038
Gross Fixed Capital Formation (USD THO) 3484299.00 3753325 3548325 3616702 3592312 3707120
GDP per capita (USD) 5317.68 4950 4950 4950 4950 5050
GDP per capita PPP (USD) 10329.20 10850 10850 10850 10850 11900
GDP From Agriculture (USD Thousand) 1399914.00 1388075 1375227 1453111 1443311 1489439
GDP From Construction (USD Thousand) 1101105.00 1283714 1116978 1142947 1135239 1171521
GDP From Manufacturing (USD Thousand) 2065053.00 2081672 2106658 2143525 2129070 2197113
GDP From Mining (USD Thousand) 1331471.00 1515135 1575778 1382067 1372747 1416619
GDP From Public Administration (USD Thousand) 1163676.00 1096830 1183023 1207896 1199750 1238093
GDP From Services (USD Thousand) 1135085.00 1068963 1133633 1178218 1170273 1207674
GDP From Transport (USD Thousand) 1317220.00 1203712 1308079 1367274 1358054 1401456
GDP From Utilities (USD Thousand) 561599.00 571169 495846 582940 579009 597513

Labour Actual Q2 Q3 Q4 Q1 2023
Unemployment Rate (%) 6.60 5.1 4.9 4.5 4.3 4
Wages (USD/Month) 466.63 475 475 480 480 480
Population (Million) 17.73 17.9 17.9 17.9 18.06 18.06
Labor Force Participation Rate (%) 63.00 63.9 64.5 64.8 64.8 65
Minimum Wages (USD/Month) 400.00 415 415 415 415 415
Employment Rate (%) 40.00 41.2 41.7 41.7 41.5 42
Wages In Manufacturing (USD/Month) 450.00 470 470 470 470 470

Prices Actual Q2 Q3 Q4 Q1 2023
Inflation Rate (%) 3.38 3.9 4.03 4.17 3.88 3
Consumer Price Index CPI (points) 108.63 109 110 111 112 114
Producer Prices (points) 109.12 109 110 110 111 114
Inflation Rate Mom (%) 0.56 0.5 0.3 0.3 0.2 0.2
Food Inflation (%) 3.97 4 3.8 3.5 2.9 2.5
CPI Housing Utilities (points) 118.02 121 121 122 122 125
CPI Transportation (points) 119.60 120 121 121 121 121
Producer Prices Change (%) 7.05 7.2 5.1 5.6 3.1 3

Money Actual Q2 Q3 Q4 Q1 2023
Interest Rate (%) 7.11 8 9 9.5 10 10
Interbank Rate (%) 1.30 1.25 1.25 1.25 1.25 1.25
Deposit Interest Rate (%) 4.78 5.55 6.55 7.05 7.55 7.55

Trade Actual Q2 Q3 Q4 Q1 2023
Balance of Trade (USD Thousand) 184845.00 -88794 -83749 -68816 -49847 0
Current Account (USD Million) 726.90 -50 -50 -50 -50 -50
Current Account to GDP (% of GDP) 2.60 0.5 0.5 0.5 0.5 -0.2
Exports (USD Thousand) 2891595.00 2497772 2561976 2634586 2710270 2900000
Imports (USD Thousand) 2706750.00 2586566 2645725 2703402 2760117 2900000
Remittances (USD Million) 1209.50 1300 1310 1350 1350 1400
Crude Oil Production (BBL/D/1K) 478.00 505 515 530 530 510
Foreign Direct Investment (USD Million) 91.50 150 200 200 250 200

Government Actual Q2 Q3 Q4 Q1 2023
Government Debt to GDP (% of GDP) 68.90 61 61 61 61 61
Government Budget (% of GDP) -8.90 -2.5 -2.5 -2.5 -2.5 -2.3
Government Budget Value (USD Million) 702.79 -34 -37 -40 100 100
Government Spending (USD THO) 2652494.00 2643438 2673182 2753289 2734721 2822121
Government Revenues (USD Million) 2204.08 1672 1685 1698 1854 1901
Fiscal Expenditure (USD Million) 1501.29 1706 1722 1738 1754 1801
Military Expenditure (USD Million) 2244.00 2300 2300 2300 2300 2400

Taxes Actual Q2 Q3 Q4 Q1 2023
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 Q2 Q3 Q4 Q1 2023
Business Confidence (points) 1547.90 1550 1560 1560 1510 1500
Leading Economic Index (%) 7.10 1.8 2.2 3.1 4.1 3
Manufacturing Production (%) 30.32 5 5 4.3 4.3 4.3
Steel Production (Thousand Tonnes) 50.00 53.6 54 54.2 54.2 55

Consumer Actual Q2 Q3 Q4 Q1 2023
Consumer Confidence (points) 35.60 35 35.5 36.3 37.1 40
Consumer Spending (USD THO) 11648448.00 11077682 11405809 12091089 12009550 12393366
Consumer Credit (USD Million) 32221.10 29523 31119 32887 33220 33709


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 Tuesday, June 28, 2022.