Ecuador Current Account Balance: % of GDP
Key information about Ecuador Current Account Balance: % of GDP
- Ecuador Current Account surplus accounted for 2.1 % of the country's Nominal GDP in Sep 2023, compared with a 2.7 % surplus in the previous quarter.
- Ecuador Current Account Balance: % of Nominal GDP data is updated quarterly, available from Mar 1993 to Sep 2023, with an average value of -0.2 %.
- The data reached an all-time high of 12.7 % in Mar 2000 and a record low of -15.5 % in Sep 1998.
CEIC calculates Current Account Balance as % of Nominal GDP from quarterly Current Account Balance and quarterly Nominal GDP. The Central Bank of Ecuador provides Current Account Balance in USD and Nominal GDP in USD. Current Account Balance as % of Nominal GDP prior to Q1 2016 is calculated from Current Account Balance based on BPM5 and Nominal GDP based on SNA 2008. Current Account Balance as % of Nominal GDP prior to Q1 2000 is calculated from Current Account Balance and Nominal GDP, both sourced from the International Monetary Fund.
Key information about Ecuador Current Account Balance: % of GDP
- In the latest reports of Ecuador, Current Account recorded a surplus of 624.2 USD mn in Sep 2023.
- Foreign Direct Investment (FDI) increased by 155.0 USD mn in Sep 2023.
- Its Foreign Portfolio Investment fell by 35.3 USD mn in Sep 2023.
- The country's Nominal GDP was reported at 28.9 USD bn in Mar 2023.
View Ecuador's Current Account Balance: % of GDP from Mar 1993 to Sep 2023 in the chart:
What was Ecuador's Current Account Balance: % of GDP in Sep 2023?
Ecuador Current Account surplus accounted for 2.1 % of the country's Nominal GDP in Sep 2023, compared with a 2.7 % surplus in the previous quarter. See the table below for more data.
Last | Previous | Min | Max | Unit | Frequency | Range |
---|---|---|---|---|---|---|
2.1 Sep 2023 | 2.7 Jun 2023 | -15.5 Sep 1998 | 12.7 Mar 2000 | % | quarterly | Mar 1993 - Sep 2023 |
Current Account Balance: % of GDP by Country Comparison
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country/region | Last | Frequency | Range |
---|---|---|---|
Albania (%) | -3.6 Jun 2023 | quarterly | Mar 2008 - Jun 2023 |
Algeria (%) | 4.8 Mar 2023 | quarterly | Mar 2007 - Mar 2023 |
Argentina (%) | -3.9 Sep 2023 | quarterly | Mar 2004 - Sep 2023 |
Armenia (%) | -0.8 Sep 2023 | quarterly | Dec 1994 - Sep 2023 |
Australia (%) | 1.8 Dec 2023 | quarterly | Sep 1959 - Dec 2023 |
Austria (%) | 1.7 Sep 2023 | quarterly | Mar 1970 - Sep 2023 |
Azerbaijan (%) | 8.5 Sep 2023 | quarterly | Mar 2013 - Sep 2023 |
Bahrain (%) | 15.2 Dec 2022 | quarterly | Mar 2018 - Dec 2022 |
Bangladesh (%) | -0.5 2023 | yearly | 1998 - 2023 |
Belarus (%) | 3.1 Sep 2023 | quarterly | Mar 1996 - Sep 2023 |
Belgium (%) | -1.4 Sep 2023 | quarterly | Mar 1995 - Sep 2023 |
Bolivia (%) | -2.5 Sep 2023 | quarterly | Mar 1990 - Sep 2023 |
Bosnia and Herzegovina (%) | -2.3 Sep 2023 | quarterly | Mar 2008 - Sep 2023 |
Botswana (%) | 1.2 Sep 2023 | quarterly | Mar 2004 - Sep 2023 |
Brazil (%) | -1.5 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Brunei (%) | -20.4 Dec 2020 | quarterly | Mar 2013 - Dec 2020 |
Bulgaria (%) | 1.9 Sep 2023 | quarterly | Sep 1999 - Sep 2023 |
Cambodia (%) | 4.5 Sep 2023 | quarterly | Mar 2010 - Sep 2023 |
Canada (%) | -0.2 Dec 2023 | quarterly | Mar 1957 - Dec 2023 |
Chile (%) | -5.7 Sep 2023 | quarterly | Mar 1996 - Sep 2023 |
China (%) | 1.1 Dec 2023 | quarterly | Mar 1998 - Dec 2023 |
Colombia (%) | -2.3 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
Croatia (%) | 23.6 Sep 2023 | quarterly | Mar 1995 - Sep 2023 |
Cyprus (%) | -6.6 Sep 2023 | quarterly | Mar 2008 - Sep 2023 |
Czech Republic (%) | 4.0 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Denmark (%) | 13.6 Dec 2023 | quarterly | Mar 1990 - Dec 2023 |
Ecuador (%) | 2.1 Sep 2023 | quarterly | Mar 1993 - Sep 2023 |
Egypt (%) | 1.3 Dec 2022 | quarterly | Sep 2001 - Dec 2022 |
Estonia (%) | 0.3 Mar 2023 | quarterly | Mar 2000 - Mar 2023 |
European Union (%) | 2.9 Sep 2023 | quarterly | Mar 1999 - Sep 2023 |
Finland (%) | 1.0 Sep 2023 | quarterly | Mar 1990 - Sep 2023 |
France (%) | -0.5 Dec 2023 | quarterly | Mar 1997 - Dec 2023 |
Georgia (%) | 2.0 Sep 2023 | quarterly | Mar 1996 - Sep 2023 |
Germany (%) | 6.9 Dec 2023 | quarterly | Mar 1991 - Dec 2023 |
Ghana (%) | 0.9 Sep 2023 | quarterly | Mar 2006 - Sep 2023 |
Greece (%) | 1.7 Sep 2023 | quarterly | Mar 2000 - Sep 2023 |
Hong Kong SAR, China (%) | 14.1 Sep 2023 | quarterly | Mar 1999 - Sep 2023 |
Hungary (%) | 0.2 Sep 2023 | quarterly | Mar 1995 - Sep 2023 |
Iceland (%) | -2.7 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
India (%) | -1.0 Sep 2023 | quarterly | Jun 2004 - Sep 2023 |
Indonesia (%) | 0.9 Mar 2023 | quarterly | Mar 1993 - Mar 2023 |
Iran (%) | 0.6 2023 | yearly | 1997 - 2023 |
Ireland (%) | -0.3 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Israel (%) | 3.6 Sep 2023 | quarterly | Mar 1995 - Sep 2023 |
Italy (%) | 0.7 Dec 2023 | quarterly | Mar 1980 - Dec 2023 |
Ivory Coast (%) | -6.3 2022 | yearly | 1975 - 2022 |
Japan (USD mn) | 14,232.0 Apr 2023 | monthly | Jan 1996 - Apr 2023 |
Jordan (%) | -5.3 Sep 2023 | quarterly | Mar 1992 - Sep 2023 |
Kazakhstan (%) | -2.9 Sep 2023 | quarterly | Dec 1997 - Sep 2023 |
Kenya (%) | -2.3 Mar 2023 | quarterly | Mar 2009 - Mar 2023 |
South Korea (USD mn) | 5,518.8 Dec 2023 | monthly | Jan 1980 - Dec 2023 |
Kosovo (%) | 8.2 Sep 2023 | quarterly | Mar 2010 - Sep 2023 |
Kuwait (%) | 37.2 Sep 2023 | quarterly | Mar 2012 - Sep 2023 |
Kyrgyzstan (%) | -64.3 Mar 2023 | quarterly | Mar 2000 - Mar 2023 |
Laos (%) | -0.1 2022 | yearly | 1984 - 2022 |
Latvia (%) | -4.1 Jun 2023 | quarterly | Mar 1995 - Jun 2023 |
Lebanon (%) | -4.4 2020 | yearly | 2002 - 2020 |
Lithuania (%) | 7.9 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
Luxembourg (%) | 13.6 Sep 2023 | quarterly | Mar 1995 - Sep 2023 |
Macau SAR, China (%) | 11.4 2022 | yearly | 2002 - 2022 |
North Macedonia (%) | -3.0 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
Malawi (%) | -14.2 2021 | yearly | 1977 - 2021 |
Malaysia (%) | 0.1 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
Malta (%) | 7.1 Sep 2023 | quarterly | Mar 1995 - Sep 2023 |
Mauritius (%) | -5.1 Sep 2023 | quarterly | Mar 2007 - Sep 2023 |
Mexico (%) | 2.5 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
Moldova (%) | -13.3 Sep 2023 | quarterly | Mar 1995 - Sep 2023 |
Mongolia (%) | -4.9 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
Montenegro (%) | 8.9 Sep 2023 | quarterly | Mar 2010 - Sep 2023 |
Morocco (%) | -2.3 Jun 2023 | quarterly | Mar 2014 - Jun 2023 |
Mozambique (%) | -37.4 2022 | yearly | 1980 - 2022 |
Nepal (%) | -1.3 2023 | yearly | 2001 - 2023 |
Netherlands (%) | 12.7 Sep 2023 | quarterly | Mar 1987 - Sep 2023 |
New Zealand (%) | -7.1 Sep 2023 | quarterly | Jun 1987 - Sep 2023 |
Nigeria (%) | 1.8 Dec 2022 | quarterly | Mar 2008 - Dec 2022 |
Norway (%) | 16.1 Sep 2023 | quarterly | Mar 1981 - Sep 2023 |
Oman (%) | -4.9 2021 | yearly | 1980 - 2021 |
Pakistan (%) | -0.7 2023 | yearly | 1977 - 2023 |
Palestinian Territory (%) | -16.1 Mar 2023 | quarterly | Mar 2011 - Mar 2023 |
Panama (%) | -28.8 Sep 2023 | quarterly | Mar 2007 - Sep 2023 |
Paraguay (%) | -0.5 Sep 2023 | quarterly | Mar 2000 - Sep 2023 |
Peru (%) | 2.3 Dec 2023 | quarterly | Mar 1990 - Dec 2023 |
Philippines (%) | -4.3 Mar 2023 | quarterly | Mar 1981 - Mar 2023 |
Poland (%) | 1.6 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
Portugal (%) | -0.4 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
Qatar (%) | 15.6 Jun 2023 | quarterly | Mar 2011 - Jun 2023 |
Romania (%) | -7.6 Sep 2023 | quarterly | Mar 1995 - Sep 2023 |
Russia (%) | 3.5 Sep 2023 | quarterly | Mar 1994 - Sep 2023 |
Saudi Arabia (%) | 1.9 Sep 2023 | quarterly | Mar 2006 - Sep 2023 |
Serbia (%) | -1.2 Sep 2023 | quarterly | Mar 2007 - Sep 2023 |
Singapore (%) | 19.5 Dec 2023 | quarterly | Mar 1986 - Dec 2023 |
Slovakia (%) | -3.6 Dec 2023 | quarterly | Mar 1997 - Dec 2023 |
Slovenia (%) | 3.3 Sep 2023 | quarterly | Mar 1995 - Sep 2023 |
South Africa (%) | -0.3 Sep 2023 | quarterly | Mar 1960 - Sep 2023 |
Spain (%) | 2.0 Dec 2023 | quarterly | Mar 1980 - Dec 2023 |
Sri Lanka (%) | 3.0 Sep 2023 | quarterly | Mar 2002 - Sep 2023 |
Sudan (%) | -8.5 2021 | yearly | 1977 - 2021 |
Sweden (%) | 7.1 Dec 2023 | quarterly | Mar 1980 - Dec 2023 |
Switzerland (%) | 11.4 Sep 2023 | quarterly | Mar 1983 - Sep 2023 |
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Government and Public Finance | Last | Frequency | Range |
---|---|---|---|
Consolidated Fiscal Balance: % of GDP (%) | -2.9 Sep 2023 | quarterly | Dec 2000 - Sep 2023 |
Consolidated Fiscal Balance (USD mn) | -1,469.300 Sep 2023 | quarterly | Mar 2000 - Sep 2023 |
Tax Revenue (USD mn) | 3,229.881 Sep 2023 | quarterly | Mar 2000 - Sep 2023 |
Tax Revenue: % of GDP (%) | 10.9 Sep 2023 | quarterly | Mar 2000 - Sep 2023 |
National Government Debt (USD mn) | 79,317.0 Dec 2023 | quarterly | Dec 2005 - Dec 2023 |
Government Debt: % of GDP (%) | 64.0 Sep 2023 | quarterly | Dec 2005 - Sep 2023 |
Forecast: Government Expenditure (USD bn) | 49.173 2028 | yearly | 1995 - 2028 |
Forecast: Government Net Debt (USD bn) | 68.494 2028 | yearly | 2001 - 2028 |
Forecast: Government Revenue (USD bn) | 48.725 2028 | yearly | 1995 - 2028 |
Central Government: Finance (USD mn) | -738.186 Jan 2024 | monthly | Jan 2006 - Jan 2024 |
Central Government: Balance (USD mn) | 738.186 Jan 2024 | monthly | Jan 2006 - Jan 2024 |
Central Government: Expenditure excl Amortization (USD mn) | 828.826 Jan 2024 | monthly | Jan 2006 - Jan 2024 |
Central Government: Revenue (USD mn) | 1,567.011 Jan 2024 | monthly | Jan 2006 - Jan 2024 |
Foreign Trade | Last | Frequency | Range |
---|---|---|---|
Forecast: Exports of Goods Growth (%) | 1.962 2028 | yearly | 1980 - 2028 |
Trade Balance (USD mn) | 341.1 Dec 2023 | monthly | Mar 1992 - Dec 2023 |
Total Exports (USD mn) | 2,528.2 Apr 2023 | monthly | Jan 1965 - Apr 2023 |
Total Exports Growth (%) | -0.4 Dec 2023 | monthly | Jan 1966 - Dec 2023 |
Aluminum: Exports (USD th) | 65,385.575 2022 | yearly | 1995 - 2022 |
Exports: Medicament (USD th) | 24,074.538 2022 | yearly | 1995 - 2022 |
Exports: Medicinal and Pharmaceutical Product (USD th) | 6,882.325 2022 | yearly | 1995 - 2022 |
Total Imports (USD mn) | 2,378.3 Dec 2023 | monthly | Jan 1957 - Dec 2023 |
Total Imports Growth (%) | -8.4 Dec 2023 | monthly | Jan 1958 - Dec 2023 |
Imports: Medicament (USD th) | 958,068.888 2022 | yearly | 1995 - 2022 |
Imports: Medicinal and Pharmaceutical Product (USD th) | 529,529.069 2022 | yearly | 1995 - 2022 |
Total Exports to USA (USD mn) | 499.466 Dec 2023 | monthly | Jan 2007 - Dec 2023 |
Total Imports from USA (USD mn) | 549.306 Jan 2024 | monthly | Jan 1973 - Jan 2024 |
Total Exports to China (USD mn) | 381.041 Dec 2023 | monthly | Jan 2007 - Dec 2023 |
Total Imports from China (USD mn) | 503.963 Jan 2024 | monthly | May 1992 - Jan 2024 |
Terms of Trade Index: 2007=100 (2007=100) | 94.424 Dec 2023 | monthly | Jan 2014 - Dec 2023 |
Exports: FOB: Petroleum: Crude Petroleum (USD th) | 613,961.915 Dec 2023 | monthly | Jan 2005 - Dec 2023 |
Exports: FOB: America: United States (USD mn) | 499.466 Dec 2023 | monthly | Jan 2007 - Dec 2023 |
Exports: FOB: America: ALADI: Panama (USD mn) | 450.116 Dec 2023 | monthly | Jan 2012 - Dec 2023 |
Imports: CIF: Consumer Goods: Non Durable (USD th) | 299,548.294 Dec 2023 | monthly | Jan 2005 - Dec 2023 |
Imports: CIF: America: ALADI: Panama (USD mn) | 132.887 Dec 2023 | monthly | Mar 2019 - Dec 2023 |
Imports: CIF: Asia: People's Republic of China (USD mn) | 324.160 Jan 2020 | monthly | Jan 2010 - Jan 2020 |
Balance of Payments | Last | Frequency | Range |
---|---|---|---|
Current Account Balance (USD mn) | 624.2 Sep 2023 | quarterly | Mar 1993 - Sep 2023 |
Current Account Balance: % of GDP (%) | 2.1 Sep 2023 | quarterly | Mar 1993 - Sep 2023 |
Foreign Direct Investment (USD mn) | 155.0 Sep 2023 | quarterly | Mar 1993 - Sep 2023 |
Foreign Direct Investment: % of GDP (%) | 0.5 Sep 2023 | quarterly | Mar 1993 - Sep 2023 |
Foreign Portfolio Investment (USD mn) | -35.251 Sep 2023 | quarterly | Mar 1999 - Sep 2023 |
Foreign Portfolio Investment: % of GDP (%) | -0.1 Sep 2023 | quarterly | Mar 1999 - Sep 2023 |
Foreign Portfolio Investment: Equity Securities (USD mn) | 4.1 Sep 2023 | quarterly | Mar 1999 - Sep 2023 |
Foreign Portfolio Investment: Debt Securities (USD mn) | -39.364 Sep 2023 | quarterly | Mar 1999 - Sep 2023 |
External Debt (USD mn) | 58,197.5 Dec 2023 | monthly | Jan 1994 - Dec 2023 |
External Debt: % of GDP (%) | 51.6 2022 | yearly | 1970 - 2022 |
External Debt: Short Term (USD mn) | 1,036.9 Sep 2023 | quarterly | Mar 2004 - Sep 2023 |
External Debt: Short Term: % of GDP (%) | 1.4 2022 | yearly | 1970 - 2022 |
Forecast: Current Account Balance (USD bn) | 2.607 2028 | yearly | 1980 - 2028 |
Net International Investment Position (USD) | -24,035,311,315.573 Sep 2023 | quarterly | Mar 2016 - Sep 2023 |
BoP: CA: Goods & Services: Services (USD mn) | -580.449 Sep 2023 | quarterly | Mar 2016 - Sep 2023 |
BoP: CA: Goods & Services: Goods (USD mn) | 729.325 Sep 2023 | quarterly | Mar 2016 - Sep 2023 |
Gross External Debt: Long Term (USD mn) | 57,544.848 Sep 2023 | quarterly | Mar 2004 - Sep 2023 |
External Debt: Private (USD mn) | 10,653.089 Dec 2023 | monthly | Jan 1994 - Dec 2023 |
External Debt: Public (USD mn) | 47,544.457 Dec 2023 | monthly | Jan 1994 - Dec 2023 |
Foreign Direct Investment: BPM6 (USD th) | 154,983.425 Sep 2023 | quarterly | Mar 2016 - Sep 2023 |
Foreign Direct Investment: Europe: Spain (USD th) | 88,442.667 Dec 2018 | quarterly | Mar 2002 - Dec 2018 |
Foreign Direct Investment: Asia: China (USD th) | 12,350.723 Dec 2018 | quarterly | Mar 2002 - Dec 2018 |
Foreign Direct Investment: Europe: Netherlands (USD th) | 23,806.340 Dec 2018 | quarterly | Mar 2002 - Dec 2018 |
Monetary | Last | Frequency | Range |
---|---|---|---|
Non Performing Loans Ratio (%) | 5.5 Jan 2024 | monthly | Jan 2006 - Jan 2024 |
Household Debt: % of GDP (%) | 16.3 Sep 2023 | quarterly | Dec 2006 - Sep 2023 |
Non-Performing Loans (USD mn) | 3,440.955 Jan 2024 | monthly | Jan 2006 - Jan 2024 |
Money Supply M1 (USD mn) | 30,488.990 Dec 2023 | monthly | Dec 2006 - Dec 2023 |
Money Supply M2 (USD mn) | 80,343.612 Dec 2023 | monthly | Dec 2006 - Dec 2023 |
M2 Growth (%) | 6.7 Dec 2023 | monthly | Dec 2007 - Dec 2023 |
Reserve Requirement Ratio (%) | 2.0 Aug 2022 | monthly | Dec 2009 - Aug 2022 |
Foreign Exchange Reserves (USD mn) | 2,557.3 Jan 2024 | monthly | Dec 1956 - Jan 2024 |
Foreign Exchange Reserves: % of GDP (%) | 3.559 Sep 2023 | quarterly | Dec 2000 - Sep 2023 |
Foreign Exchange Reserves: Months of Import (NA) | 1.1 Dec 2023 | monthly | Jan 2005 - Dec 2023 |
Gold Reserves (USD mn) | 1,734.920 Jan 2024 | monthly | Dec 1956 - Jan 2024 |
Total Deposits (USD mn) | 59,725.631 Jan 2024 | monthly | Jan 2006 - Jan 2024 |
Total Deposits Growth (%) | 6.9 Jan 2024 | monthly | Jan 2007 - Jan 2024 |
Domestic Credit (USD mn) | 70,900.6 Jan 2024 | monthly | Jan 2006 - Jan 2024 |
Domestic Credit Growth (%) | 9.7 Jan 2024 | monthly | Jan 2007 - Jan 2024 |
Household Debt (USD mn) | 20,017.6 Jan 2024 | monthly | Oct 2006 - Jan 2024 |
Total Loans (USD mn) | 62,455.150 Jan 2024 | monthly | Jan 2006 - Jan 2024 |
Total Loans Growth (%) | 8.72 Jan 2024 | monthly | Jan 2007 - Jan 2024 |
Private Debt: % of Nominal GDP (%) | 53.01 Sep 2023 | quarterly | Mar 2004 - Sep 2023 |
Business and Economic Survey | Last | Frequency | Range |
---|---|---|---|
Business Confidence Growth (% Point) | -1.0 Jan 2024 | monthly | Feb 2011 - Jan 2024 |
Business Confidence Index: Commerce (May2007=100) | 2,200.300 Dec 2022 | monthly | May 2007 - Dec 2022 |
Business Confidence Index: Services (May2007=100) | 1,444.800 Dec 2022 | monthly | May 2007 - Dec 2022 |
Business Confidence Index: Construction (May2007=100) | 478.600 Dec 2022 | monthly | May 2007 - Dec 2022 |
Business Confidence Index: Global (May2007=100) | 1,694.300 Dec 2022 | monthly | May 2007 - Dec 2022 |
Business Confidence Index: Industry (May2007=100) | 2,662.600 Dec 2022 | monthly | May 2007 - Dec 2022 |
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