Ecuador Forecast: Real GDP Growth

1980 - 2028 | Yearly | % | International Monetary Fund

Key information about Ecuador Forecast: Real GDP Growth

  • Ecuador Real GDP Growth is forecasted to be 2.878 % in Dec 2023 as reported by International Monetary Fund.
  • It records a decrease from the last reported number of 3.039 % in Dec 2022.
  • Looking ahead, Ecuador Real GDP Growth is projected to stand at 2.751 % in Dec 2028.
  • The data is updated yearly and is categorized in CEIC under World Trend Plus’s Country Forecast – Table IMF.WEO: Gross Domestic Product: Constant Prices: YoY.

View Ecuador's Forecast: Real GDP Growth from 1980 to 2028 in the chart:

Ecuador Forecast: Real GDP Growth

What is Ecuador's Forecast: Real GDP Growth in 2028?

Ecuador Real GDP Growth is forecasted to be 2.878 % in Dec 2023 as reported by International Monetary Fund. See the table below for more data.

Last Previous Min Max Unit Frequency Range
2.751 2028 2.752 2027 -7.788 2020 10.486 1988 % yearly 1980 - 2028

Forecast: Real GDP Growth by Country Comparison

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country/region Last Frequency Range
Afghanistan (%) -20.737 2021 yearly 2003 - 2021
Albania (%) 3.400 2028 yearly 1980 - 2028
Algeria (%) 1.782 2028 yearly 1980 - 2028
Andorra (%) 1.500 2028 yearly 2001 - 2028
Angola (%) 4.230 2028 yearly 1980 - 2028
Antigua and Barbuda (%) 2.685 2027 yearly 1980 - 2027
Argentina (%) 2.000 2027 yearly 1980 - 2027
Armenia (%) 4.500 2028 yearly 1993 - 2028
Aruba (%) 1.100 2028 yearly 1987 - 2028
Australia (%) 2.279 2027 yearly 1980 - 2027
Austria (%) 1.527 2028 yearly 1980 - 2028
Azerbaijan (%) 2.572 2028 yearly 1993 - 2028
Bahamas (%) 1.496 2027 yearly 1980 - 2027
Bahrain (%) 2.733 2028 yearly 1980 - 2028
Bangladesh (%) 9.531 2021 yearly 1980 - 2021
Barbados (%) 1.840 2027 yearly 1980 - 2027
Belarus (%) 0.741 2028 yearly 1993 - 2028
Belgium (%) 1.289 2028 yearly 1980 - 2028
Belize (%) 2.012 2027 yearly 1980 - 2027
Benin (%) 5.934 2028 yearly 1980 - 2028
Bhutan (%) 3.625 2028 yearly 1980 - 2028
Bolivia (%) 3.400 2027 yearly 1980 - 2027
Bosnia and Herzegovina (%) 3.000 2028 yearly 1997 - 2028
Botswana (%) 3.957 2028 yearly 1980 - 2028
Brazil (%) 2.015 2028 yearly 1980 - 2028
Brunei (%) 2.112 2027 yearly 1986 - 2027
Bulgaria (%) 2.840 2028 yearly 1980 - 2028
Burkina Faso (%) 5.258 2027 yearly 1980 - 2027
Burundi (%) 4.565 2027 yearly 1980 - 2027
Cambodia (%) 6.500 2027 yearly 1988 - 2027
Cameroon (%) 4.898 2027 yearly 1980 - 2027
Canada (%) 1.662 2028 yearly 1980 - 2028
Cape Verde (%) 4.498 2027 yearly 1980 - 2027
Central African Republic (%) 3.347 2028 yearly 1980 - 2028
Chad (%) 3.508 2027 yearly 1980 - 2027
Chile (%) 2.459 2027 yearly 1980 - 2027
China (%) 3.437 2028 yearly 1980 - 2028
Colombia (%) 3.345 2028 yearly 1980 - 2028
Comoros (%) 4.342 2027 yearly 1980 - 2027
Congo (%) 3.980 2028 yearly 1980 - 2028
Costa Rica (%) 3.243 2027 yearly 1980 - 2027
Croatia (%) 2.800 2028 yearly 1993 - 2028
Cyprus (%) 2.899 2028 yearly 1980 - 2028
Czech Republic (%) 2.501 2027 yearly 1996 - 2027
Democratic Republic of Congo (%) 6.482 2028 yearly 1980 - 2028
Denmark (%) 1.800 2027 yearly 1980 - 2027
Djibouti (%) 5.000 2028 yearly 1992 - 2028
Dominica (%) 2.685 2028 yearly 1980 - 2028
Dominican Republic (%) 4.985 2028 yearly 1980 - 2028
Ecuador (%) 2.751 2028 yearly 1980 - 2028
Egypt (%) 5.984 2028 yearly 1980 - 2028
El Salvador (%) 1.965 2027 yearly 1980 - 2027
Equatorial Guinea (%) -0.981 2027 yearly 1980 - 2027
Eritrea (%) 2.925 2028 yearly 1993 - 2028
Estonia (%) 3.300 2027 yearly 1994 - 2027
Swaziland (%) 2.278 2027 yearly 1980 - 2027
Ethiopia (%) 6.953 2028 yearly 1980 - 2028
Fiji (%) 3.459 2028 yearly 1980 - 2028
Finland (%) 1.624 2028 yearly 1980 - 2028
France (%) 1.450 2028 yearly 1980 - 2028
Gabon (%) 3.809 2027 yearly 1981 - 2027
Gambia (%) 5.000 2027 yearly 1980 - 2027
Georgia (%) 5.198 2028 yearly 1995 - 2028
Germany (%) 1.134 2028 yearly 1980 - 2028
Ghana (%) 6.774 2027 yearly 1980 - 2027
Greece (%) 1.355 2027 yearly 1980 - 2027
Grenada (%) 2.849 2027 yearly 1980 - 2027
Guatemala (%) 3.900 2028 yearly 1980 - 2028
Guinea (%) 5.187 2027 yearly 1980 - 2027
Guinea-Bissau (%) 5.000 2027 yearly 1981 - 2027
Guyana (%) 3.320 2027 yearly 1980 - 2027
Haiti (%) 1.500 2027 yearly 1980 - 2027
Honduras (%) 3.940 2027 yearly 1980 - 2027
Hong Kong SAR, China (%) 2.849 2027 yearly 1980 - 2027
Hungary (%) 3.150 2027 yearly 1980 - 2027
Iceland (%) 2.379 2028 yearly 1980 - 2028
India (%) 6.042 2029 yearly 1981 - 2029
Indonesia (%) 5.117 2027 yearly 1980 - 2027
Iran (%) 2.047 2029 yearly 1981 - 2029
Iraq (%) 2.625 2027 yearly 1999 - 2027
Ireland (%) 3.010 2027 yearly 1980 - 2027
Israel (%) 3.499 2027 yearly 1980 - 2027
Italy (%) 0.882 2028 yearly 1980 - 2028
Ivory Coast (%) 6.000 2028 yearly 1980 - 2028
Jamaica (%) 1.600 2027 yearly 1980 - 2027
Japan (%) 0.409 2028 yearly 1980 - 2028
Jordan (%) 3.300 2027 yearly 1980 - 2027
Kazakhstan (%) 2.778 2028 yearly 1993 - 2028
Kenya (%) 5.516 2027 yearly 1980 - 2027
Kiribati (%) 1.971 2027 yearly 1980 - 2027
South Korea (%) 2.340 2027 yearly 1980 - 2027
Kosovo (%) 3.800 2028 yearly 2001 - 2028
Kuwait (%) 2.655 2027 yearly 1980 - 2027
Kyrgyzstan (%) 3.977 2028 yearly 1993 - 2028
Laos (%) 4.496 2028 yearly 1980 - 2028
Latvia (%) 3.377 2027 yearly 1993 - 2027
Lebanon (%) -22.000 2020 yearly 1980 - 2020
Lesotho (%) 1.599 2029 yearly 1981 - 2029
Liberia (%) 5.680 2027 yearly 2001 - 2027
Libya (%) 3.588 2027 yearly 1980 - 2027

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Ecuador Key Series

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Includes 178 key indicators for Ecuador, curated by CEIC analysts. Instant access to full history data in excel.
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: Revenue (USD mn) 1,567.011 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
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: Public (USD mn) 47,544.457 Dec 2023 monthly Jan 1994 - Dec 2023
External Debt: Private (USD mn) 10,653.089 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: Industry (May2007=100) 2,662.600 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: Services (May2007=100) 1,444.800 Dec 2022 monthly May 2007 - Dec 2022

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