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:
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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Includes 186 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 (%) | -3.6 Dec 2023 | quarterly | Dec 2000 - Dec 2023 |
| Consolidated Fiscal Balance (USD mn) | -3,149.723 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
| Tax Revenue (USD mn) | 3,251.591 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
| Tax Revenue: % of GDP (%) | 10.4 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
| National Government Debt (USD mn) | 79,608.5 Dec 2023 | quarterly | Dec 2005 - Dec 2023 |
| Government Debt: % of GDP (%) | 67.0 Dec 2023 | quarterly | Dec 2005 - Dec 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) | -404.913 Feb 2024 | monthly | Jan 2006 - Feb 2024 |
| Central Government: Expenditure excl Amortization (USD mn) | 1,461.865 Feb 2024 | monthly | Jan 2006 - Feb 2024 |
| Central Government: Revenue (USD mn) | 1,866.778 Feb 2024 | monthly | Jan 2006 - Feb 2024 |
| Central Government: Balance (USD mn) | 404.913 Feb 2024 | monthly | Jan 2006 - Feb 2024 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 1.962 2028 | yearly | 1980 - 2028 |
| Trade Balance (USD mn) | 678.9 Feb 2024 | monthly | Mar 1992 - Feb 2024 |
| Total Exports (USD mn) | 2,528.2 Apr 2023 | monthly | Jan 1965 - Apr 2023 |
| Total Exports Growth (%) | 5.8 Feb 2024 | monthly | Jan 1966 - Feb 2024 |
| 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) | 2,101.1 Feb 2024 | monthly | Jan 1957 - Feb 2024 |
| Total Imports Growth (%) | -13.6 Feb 2024 | monthly | Jan 1958 - Feb 2024 |
| 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) | 602.367 Feb 2024 | monthly | Jan 2007 - Feb 2024 |
| Total Imports from USA (USD mn) | 426.736 Feb 2024 | monthly | Jan 1973 - Feb 2024 |
| Total Exports to China (USD mn) | 293.108 Feb 2024 | monthly | Jan 2007 - Feb 2024 |
| Total Imports from China (USD mn) | 477.216 Feb 2024 | monthly | May 1992 - Feb 2024 |
| Terms of Trade Index: 2007=100 (2007=100) | 98.162 Feb 2024 | monthly | Jan 2014 - Feb 2024 |
| BCE Forecast: Trade Balance: 2018=100 (USD mn) | 1,624.994 2024 | yearly | 2024 - 2024 |
| Exports: FOB: Petroleum: Crude Petroleum (USD th) | 684,286.538 Feb 2024 | monthly | Jan 2005 - Feb 2024 |
| Exports: FOB: Non Petroleum: Traditional: Bananas And Plane Tree (USD th) | 347,632.603 Feb 2024 | monthly | Jan 2005 - Feb 2024 |
| BCE Forecast: Exports: fob: 2018=100 (USD th) | 34,410,658.000 2024 | yearly | 2024 - 2024 |
| Exports: FOB: America: United States (USD mn) | 602.367 Feb 2024 | monthly | Jan 2007 - Feb 2024 |
| Exports: FOB: America: ALADI: Panama (USD mn) | 514.061 Feb 2024 | monthly | Jan 2012 - Feb 2024 |
| Exports: FOB: Asia: People's Republic of China (USD mn) | 293.108 Feb 2024 | monthly | Jan 2007 - Feb 2024 |
| BCE Forecast: Imports: fob: 2018=100 (USD th) | 32,785,664.000 2024 | yearly | 2024 - 2024 |
| Imports: CIF: Fuels And Lubricants (USD th) | 469,016.611 Feb 2024 | monthly | Jan 2005 - Feb 2024 |
| Imports: CIF: Consumer Goods: Non Durable (USD th) | 269,205.022 Feb 2024 | monthly | Jan 2005 - Feb 2024 |
| Imports: CIF: America: ALADI: Panama (USD mn) | 8.696 Feb 2024 | monthly | Mar 2019 - Feb 2024 |
| 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) | 522.8 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
| Current Account Balance: % of GDP (%) | 1.7 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
| Foreign Direct Investment (USD mn) | 87.4 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
| Foreign Direct Investment: % of GDP (%) | 0.3 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
| Foreign Portfolio Investment (USD mn) | -1.947 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
| Foreign Portfolio Investment: % of GDP (%) | -0.0 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
| Foreign Portfolio Investment: Equity Securities (USD mn) | 1.0 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
| Foreign Portfolio Investment: Debt Securities (USD mn) | -2.923 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
| External Debt (USD mn) | 57,327.9 Feb 2024 | monthly | Jan 1994 - Feb 2024 |
| External Debt: % of GDP (%) | 49.0 2023 | yearly | 1970 - 2023 |
| External Debt: Short Term (USD mn) | 1,197.6 Dec 2023 | quarterly | Mar 2004 - Dec 2023 |
| External Debt: Short Term: % of GDP (%) | 1.0 2023 | yearly | 1970 - 2023 |
| Forecast: Current Account Balance (USD bn) | 2.607 2028 | yearly | 1980 - 2028 |
| Net International Investment Position (USD) | -23,519,416,668.955 Dec 2023 | quarterly | Mar 2016 - Dec 2023 |
| BoP: CA: Goods & Services: Goods (USD mn) | 265.252 Dec 2023 | quarterly | Mar 2016 - Dec 2023 |
| BoP: CA: Goods & Services: Services (USD mn) | -473.931 Dec 2023 | quarterly | Mar 2016 - Dec 2023 |
| Gross External Debt (USD mn) | 59,480.153 Dec 2023 | quarterly | Mar 2004 - Dec 2023 |
| Gross External Debt: Long Term (USD mn) | 57,533.038 Dec 2023 | quarterly | Mar 2004 - Dec 2023 |
| External Debt: Private (USD mn) | 10,133.476 Feb 2024 | monthly | Jan 1994 - Feb 2024 |
| External Debt: Public (USD mn) | 47,194.427 Feb 2024 | monthly | Jan 1994 - Feb 2024 |
| Foreign Direct Investment: BPM6 (USD th) | 87,448.549 Dec 2023 | quarterly | Mar 2016 - Dec 2023 |
| Foreign Direct Investment: Europe: Spain (USD th) | 88,442.667 Dec 2018 | quarterly | Mar 2002 - Dec 2018 |
| Foreign Direct Investment: Europe: Netherlands (USD th) | 23,806.340 Dec 2018 | quarterly | Mar 2002 - Dec 2018 |
| Foreign Direct Investment: Asia: China (USD th) | 12,350.723 Dec 2018 | quarterly | Mar 2002 - Dec 2018 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 5.7 Feb 2024 | monthly | Jan 2006 - Feb 2024 |
| Household Debt: % of GDP (%) | 16.8 Dec 2023 | quarterly | Dec 2006 - Dec 2023 |
| Non-Performing Loans (USD mn) | 3,570.111 Feb 2024 | monthly | Jan 2006 - Feb 2024 |
| Money Supply M1 (USD mn) | 29,922.628 Feb 2024 | monthly | Dec 2006 - Feb 2024 |
| Money Supply M2 (USD mn) | 80,099.186 Feb 2024 | monthly | Dec 2006 - Feb 2024 |
| M2 Growth (%) | 6.3 Feb 2024 | monthly | Dec 2007 - Feb 2024 |
| Reserve Requirement Ratio (%) | 2.0 Aug 2022 | monthly | Dec 2009 - Aug 2022 |
| Foreign Exchange Reserves (USD mn) | 3,379.0 Mar 2024 | monthly | Dec 1956 - Mar 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 2.232 Dec 2023 | quarterly | Dec 2000 - Dec 2023 |
| Foreign Exchange Reserves: Months of Import (NA) | 1.6 Feb 2024 | monthly | Jan 2005 - Feb 2024 |
| Gold Reserves (USD mn) | 1,871.043 Mar 2024 | monthly | Dec 1956 - Mar 2024 |
| Total Deposits (USD mn) | 60,505.905 Feb 2024 | monthly | Jan 2006 - Feb 2024 |
| Total Deposits Growth (%) | 7.3 Feb 2024 | monthly | Jan 2007 - Feb 2024 |
| Domestic Credit (USD mn) | 71,061.9 Feb 2024 | monthly | Jan 2006 - Feb 2024 |
| Domestic Credit Growth (%) | 9.4 Feb 2024 | monthly | Jan 2007 - Feb 2024 |
| Household Debt (USD mn) | 20,338.4 Mar 2024 | monthly | Oct 2006 - Mar 2024 |
| Total Loans (USD mn) | 62,673.836 Feb 2024 | monthly | Jan 2006 - Feb 2024 |
| Total Loans Growth (%) | 8.20 Feb 2024 | monthly | Jan 2007 - Feb 2024 |
| Private Debt: % of Nominal GDP (%) | 53.84 Dec 2023 | quarterly | Mar 2004 - Dec 2023 |
| International Reserve: Net Currency Position (USD mn) | 3,379.014 Mar 2024 | monthly | Jan 2004 - Mar 2024 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | 17.8 Feb 2024 | monthly | Feb 2011 - Feb 2024 |
| Business Confidence Index: Construction (May2007=100) | 478.600 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: Commerce (May2007=100) | 2,200.300 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 |
More Indicators for Ecuador
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National Accounts
Gross Domestic Product: Annual Growth Rate
Gross Domestic Product: by Expenditure: Quarterly
Gross Domestic Product: Deflator and Volume Index: Quarterly
Gross Domestic Product: Purchasing Power Parity
Gross Domestic Product: Share of GDP
SNA 1993: GDP: by Expenditure: 2000 Price: sa
SNA 1993: GDP: by Expenditure: Current Price: Annual
SNA 1993: GDP: by Industry: 2000 Price: sa
SNA 2008: GDP: by Expenditure: 2007 Price
SNA 2008: GDP: by Expenditure: Current Price
SNA 2008: GDP: by Expenditure: Implicit Deflator
SNA 2008: GDP: by Industry: Current Price
SNA 2008: GDP: by Industry: Implicit Deflator
Contribution to GDP
Gross Domestic Product: by Expenditure: Annual
Gross Domestic Product: Deflator and Volume Index: Annual
Gross Domestic Product: Nominal
Gross Domestic Product: Real
SNA 1993: GDP: by Expenditure: 2000 Price: Annual
SNA 1993.: GDP: by Expenditure: Current Price
SNA 1993: GDP: by Industry: 2000 Price: Annual
SNA 1993: GDP: by Industry: Current Price: Annual
SNA 2008: GDP: by Expenditure: 2007 Price: Annual
SNA 2008: GDP: by Expenditure: Current Price: Annual
SNA 2008: GDP: by Industry: 2007 Price
SNA 2008: GDP: by Industry: Current Price: Annual